Captive Management is when a large company sets up a child company in order to insure itself. Its purpose is to insure the risks of its owners by working outside of the commercial insurance marketplace, avoiding the cost of paying premiums to a wholesale insurance company.
Captive management companies can be used to cover several or all of the risks the parent company could be exposed to.
This approach means that larger companies don’t need to place reliance on the commercial insurance market. Instead, they can get covered for what could be considered ‘uninsurable’ risks and achieve their risk financing objectives.
Our role is to set up your captive management company and manage it on your behalf.