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Compare captive management companies

Firms that run a captive insurer's day-to-day operations — accounting, regulatory filings and board support — and coordinate its auditor, actuary and other advisers.

24 active providers in this category.

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Choosing a captive manager

What a manager does

A captive manager runs the captive's operations under the direction of its board: books and financial statements, regulatory filings and correspondence, board meetings and records, and coordination with the auditor, actuary, counsel and any fronting insurer or claims administrator. The captive is the insurer; the manager is a service provider to it. Engagements range from formation support to full ongoing management, so the scope needs to be written down. The captive manager glossary entry covers the role itself.

When you need one

Many owners appoint an outside manager, and some domiciles build the role into licensing: Vermont's published formation steps begin with selecting an approved manager. The appointment usually follows a feasibility study that supports going ahead, or comes up when an existing captive changes manager. If you are still deciding whether a captive makes sense at all, start with captive insurance.

What to ask before you shortlist

Ask who will handle your account day to day and how cover works if that person leaves. Ask what the fee excludes and which third-party costs come on top; audit, actuarial, legal and tax work are often separate appointments, and actuarial firms are listed separately here. Ask whether the firm or an affiliate earns anything from providers it may recommend, who owns the captive's books and records, and how they are handed over if you move. Then look for experience with your structure in your domicile. A domicile shown on a Bastivo profile is a declared relationship, not proof of regulatory approval; the regulator's own approved-manager list is the place to check.

24 companies

Oct 20, 2026How are these providers ranked?

Frequently asked questions

Usually. Some domiciles build an approved captive manager into the licensing process — Vermont's formation steps, for example, begin with engaging one — and even where it is not required, owners commonly outsource day-to-day management because it calls for regulatory, accounting and local expertise. The manager typically handles regulatory filings, accounting, board support and coordination with the actuary and auditor. Rules on self-management differ by domicile.

It depends on the domicile, the structure and how complete the application is. Formation usually follows a feasibility study, then a business plan and license application reviewed by the domicile's regulator. Arrangements that need a fronting insurer or reinsurance can take longer, because those parties carry out their own due diligence and set collateral terms. Your captive manager and the domicile regulator can tell you what current timelines look like.

It depends on the domicile, the type of captive and the risks it writes. Domiciles set minimum capital and surplus requirements in law, and they differ by captive type; Vermont, for example, sets minimums by class and lets the commissioner require more. In practice the amount is often driven by the actuarial analysis of the risk being retained and the regulator's review of the business plan, and it can be well above the statutory minimum.

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