Captives/Alternative Funding for Insurance Placements

Say the word “Captive” and it can mean many things to the insurance buyer.  RHSB takes the confusion out of this non-conventional way to fund commercial insurance placements.

Extensive Experience with Captives

There are many types of captives:

• Group Captives – owned by individual member insureds with common exposures.
• “Micro” Captives – allows an organization to establish its own captive insurance company to cover self-insured risks/exposures.
• “Single Parent” Captives – those formed by larger corporations, controlling all aspects of program/terms.
• Group Medical/Health Captives – a partially self-funded employer placing a layer of their claims exposure into a group with other members.

Regardless of the type that may be right for your organization, the advantages of captives are the same:

• Participation in underwriting profit that would otherwise go to conventional insurance carrier.
• Long-term premium cost stabilization – no longer at mercy of insurance market/pricing cycles.
• Superior risk control/cost containment resources.