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A captive is an insurance company owned by the business, or group of businesses, whose risks it insures. The owner keeps a defined layer of risk inside a licensed vehicle it controls, rather than transferring all of it to the commercial market.
An insurer owned by the businesses it insures, used to retain and finance a defined layer of their own risk.
44 active providers
How are these providers ranked?The structure decides who you share results with and how much control you keep. These are typical patterns; the legal form and terms depend on the domicile and the program documents.
| Factor | Single-parent captive | Group captive | Protected cell |
|---|---|---|---|
| Who owns the insurer | Your organization | Several member companies | A sponsor; you use a cell (or own an incorporated cell where the law allows) |
| Whose losses affect you | Only your own | Yours, plus other members’ through any shared layer | Your cell’s, if segregation holds under the domicile’s law |
| Control over wording and claims | High | Shared through the group’s governance | Within the sponsor’s rules |
| Capital and set-up | Full license, capital and service team of your own | Member capital or collateral; shared running costs | Cell funding and collateral; sponsor fees |
| Leaving | You decide, subject to run-off of past claims | Exit terms and any continuing liability set by the program | Set by the cell agreement and regulator approval |
An actuary usually comes first, to test whether the numbers work; a captive manager, counsel and the domicile regulator follow once a structure is chosen.
Global financial services company providing insurance, reinsurance, employee benefits, risk management, cybersecurity, payroll, real estate services, and captive and alternative risk solutions. Acrisure Re Capital and Captives provides captive program design, formation, ongoing management, governance and reinsurance support.
Aon Insurance Managers (USA) Inc. is a U.S. captive management entity operating within Aon’s Captive & Insurance Management practice. Its captive services include management, captive and risk-finance strategy support, actuarial services, underwriting and claims support, accounting and treasury support, and risk management, compliance and governance support.
Artex Risk Solutions is an alternative risk and insurance management business operating under the Arthur J. Gallagher & Co. group. It provides captive feasibility, formation and ongoing management; single-parent, group and cell captive solutions; actuarial and risk advisory services; reinsurance and claims-management support; capital-markets administration; and legacy and run-off solutions.
Captive insurance and alternative risk practice of Brown & Brown providing captive management, consulting, feasibility, financial reporting, actuarial support and risk-financing solutions across multiple captive structures.
Chubb is a global insurance group providing commercial and personal property and casualty insurance, accident and health insurance, life insurance and reinsurance. Its captive capabilities include fronting, reinsurance, captive management, feasibility studies, claims services and structured alternative-risk solutions.
Crowe LLP is a U.S. public accounting and consulting firm providing audit, tax, advisory and consulting services. Its insurance practice serves commercial insurers, captive insurance companies, risk retention groups and other insurance-related organizations.
GPW and Associates, Inc. provides captive and reinsurance management, captive consulting, accounting, tax compliance and regulatory management. Its wholly owned subsidiary, GPW Actuarial Services, Inc., provides actuarial pricing, reserving, benchmarking and product-development services.
Independent captive manager providing captive feasibility, implementation, ongoing management, accounting, regulatory coordination, claims support, and risk management services for U.S.-domiciled captive insurance companies.
Liberty Mutual Insurance is a global property and casualty insurance group providing personal, commercial and specialty insurance, reinsurance, surety, captive management, captive fronting, alternative-risk solutions and third-party claims administration.
Independent, employee-owned property and casualty actuarial and management consulting firm providing actuarial, risk financing, enterprise risk management, predictive analytics, reinsurance, regulatory, and alternative market consulting services.
Risk Services, LLC is a full-service captive insurance manager providing formation, licensing, accounting, financial reporting, regulatory compliance, underwriting, policyholder administration, reinsurance intermediary and fronting support services.
Captive insurance and alternative risk practice of Risk Strategies providing captive design, formation, management, compliance, financial reporting and alternative risk financing support.
Not sure where to start?
Not sure whether Captive Insurance is the right route for your risk-financing need? A short structured questionnaire will map your requirements to the right kinds of provider.