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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.
Strategic Risk Solutions (Vermont), Ltd. provides captive insurance management, consulting, financial reporting, regulatory compliance, governance, underwriting and strategic advisory services to captive insurers, group programs, risk retention groups and other insurance entities.
U.S.-based captive insurance consulting company focused on the creation, development and oversight of member-owned group captive insurance companies, including casualty and medical stop loss group captives.
Hylant Global Captive Solutions provides captive feasibility, structuring, implementation, management and exit support throughout the captive lifecycle.
Marsh Captive Solutions provides captive consulting, actuarial, formation, management, technology, benchmarking, cell-facility and optimization services across the captive lifecycle.
Spring Consulting Group is an employee benefits, actuarial and risk-management consultancy providing captive feasibility, alternative-risk financing, actuarial, employee-benefits and property-and-casualty consulting services.
Zurich U.S. is the U.S. commercial insurance business of Zurich Insurance Group, providing property and casualty insurance, captive fronting and management, group and single-parent captive solutions, reinsurance, claims, risk engineering and multinational programs.
CBIZ, Inc. is a publicly traded professional services company providing accounting, tax, advisory, employee benefits, insurance and technology services. Its insurance practice provides commercial insurance brokerage, risk management, captive and alternative-risk advisory, claims advocacy and employee benefits services.
Alvarez & Marsal (A&M) is a global professional services firm founded in 1983, known for restructuring, turnaround management, and performance improvement work for corporations, investors, and government entities worldwide. Within its Tax and Regulatory & Risk Advisory practices, A&M provides captive insurance structuring, alternative risk financing, tax risk insurance, and insurance regulatory advisory services to multinational organizations and financial institutions.
RH CPAs, PLLC is a public accounting, tax and advisory firm providing audit, tax, accounting, regulatory and consulting services to captive insurers, risk retention groups, mutual insurers, life insurers, property and casualty insurers and reinsurers.
AXA XL is AXA’s property and casualty and specialty risk division. It provides commercial insurance, reinsurance, risk consulting, multinational programs, captive fronting and structured risk-transfer solutions to mid-sized businesses, large corporations, captive owners and insurance companies globally
CBCS, LLC is an independent property and casualty Third-Party Claims Administrator providing national workers’ compensation, auto liability, general liability, physical damage and cargo claims services. It supports self-insured employers, large-deductible programs, captive programs, risk retention groups and program managers, with additional nurse case management, medical cost containment, loss-control and reporting capabilities
Davies Captive Management provides captive feasibility, formation, ongoing management, regulatory compliance, reinsurance support, rent-a-captive administration, run-off and exit services to captive owners, commercial insurers and reinsurers.
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.