A captive insurance company is a specialized company established primarily to insure the risks of a parent company or members of an association. Founded in 1919, today we provide a wide range of property casualty insurance, life insurance, retirement products, mortgage insurance and other financial services to serving customers in more than 100 countries and jurisdictions. Once established, the captive operates like any commercial insurance company and is subject to state regulatory. Captive insurance companies montana state auditors office. Captive insurance zurich insurance zurich north america. More and more often captives are also formed by a group of companies group captives to insure their properties and liabilities towards 3rd. Tenant legal liability pdf format renters insurance ho4 pdf format self storage program pdf format american harvest insurance captive crop program pdf format captive formation and management services pdf format captive insurance. The number of captive insurance companies continues to rise. A group captive insurance solution enables financially stable and riskconscious companies an opportunity to take long term control over their insurance costs. An introduction to captives insurance from aig in the u. Brochures download acm company brochures brochures include captive reference materials as well as active captive marketing collateral options.
Ryan and firm refer to the global organizational network and may refer to. Firm brochure discussing our advisory services and fees is available upon request. Captive insurance company management in dublin, ireland. A captive insurance company is a company that provides riskmitigation services for its parent company or for a group of. In 2014, there are roughly 6,300 captives globally, up from 5,525 in 2009.
Some policies may be placed with a surplus lines insurer. Zurichs captive insurance team has created solutions for parent, segregated cell and group captive structures. Over 75% of the worlds fortune 500 companies are parent owners of captive insurance companies. Captive insurance as a form of alternative risk management. Captive solutions for your business captives allow you to pay premiums to insurance affiliates, which can earn. About 90% of the fortune 500 companies1 own one or more captive insurance companies and many captives house more than one company with the development of cell captives. Salisbury street raleigh, nc 27603 toll free 8554081212. We are leading captive managers in the key locations of guernsey and isle of man.
A captive insurance company captive is an insurance company created and wholly owned by one or more non insurance companies to insure the risks of its owners or affiliates. Surplus lines insurers generally do not participate in state guaranty funds and. Our highly experienced institutional team provides a wide range of tailored banking, investment, and trust solutions to meet the financial service needs of captives. Captives are formed to cover a wide range of risks. The 2001 legislature passed a law allowing captive insurance companies to operate under the montana code annotated mca title 33, chapter 28. Captive insurance companies are often overlooked as a strategic initiative by finance. The majority of captive insurance companies use professional investment managers, who follow formal guidelines laid down by the captive s board of directors. American harvest insurance captive crop program pdf format. Special purpose financial captive insurance companies, and risk. We help companies address traditional and nontraditional exposures by providing highly customized fronting and captive programs that apply insurance andor. For 20 years, wellspring has been committed to helping captive owners succeed by providing the highest standard of service. Insurance is underwritten by liberty mutual insurance company or its affiliates or subsidiarie s. Company, which provides risk protection exclusively to its owners, is a wealthbuilding strategy fortune 500 companies have used. Brochures active captive management captive insurance.