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Jun 6, 2024 · Under the right circumstances, a captive can provide myriad benefits and, increasingly, mid-to-large firms are looking to form or join a captive insurance company. Here are some key considerations when determining if a captive insurance fund is right for your firm. 1. Are you paying premiums over $1 mill annually?
Nov 7, 2023 · Once just a speck on the commercial insurance market landscape, captive insurance companies have become a mainstream risk management tool. The "Mainstream" Captive Alternative Today, more than 7,000 captives are licensed, a huge leap from the approximately 100 to 200 captives that were in business in the late 1960s.
Jul 1, 2021 · One of the many reasons to choose the "captive option" is because of accounting and tax rules, which allow for the deduction of insurance premiums by insurance companies. Again, as a captive is an insurance company, reserve funds held for the payment of future losses are deductible. If a company simply increases its retention, the funds held in ...
Sep 29, 2023 · To go captive or not to go captive? That is the question (in this case). The advantages of forming a captive insurance company are numerous and significant, and they will be covered in-depth in this article. However, it is important to note that while many organizations are reaping the benefits of a captive structure, as with all business decisions, a cost-benefit
Aug 12, 2024 · Critical Point. Ten questions everyone’s asking about captives. Cyber risk, climate change, new pharmaceutical therapies—as companies look for ways to manage increasing costs and unforeseen exposures, captives are a popular mechanism to insure against the unexpected. Around since the 1950s, today there are more than 7,000 captive insurers ...
A captive insurance company is a C-Corporation (or a legal entity taxed as a C-Corporation) created for the purpose of writing property and casualty insurance to a relatively small group of insureds. There are additional benefits to creating a captive, but they should be ancillary to the primary purpose of risk management.
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The Definitive Guide to Captive Insurance is your one-stop resource to understand the ins and outs of captive insurance. You'll have common questions answered, be in a better position to determine if a captive is a right fit, come away with step-by-step instructions for implementing a captive, and be able to introduce the concept to your executive team confidently.
