Creating and managing captive structures uniquely able to address a broad range of specialized enterprise risks goes back to Risk Strategies’ beginnings as a risk management consultancy and continues today as a key specialty capability.
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Risk Strategies Captive Practice includes industry leaders from our three divisions, Oxford Risk Management Group, Atlas Insurance Management and Risk Management Advisors. A captive is a closely held insurance company established to insure the risks of its parent company and affiliated groups. In a captive, you are the owner, you control it and you can gain from it. Through captive insurance companies and other risk transfer techniques, enterprises can reduce the total cost of risk, protect their assets, generate profit and reduce taxes.
Captives can offer unparalleled benefits because they allow you to obtain insurance tailored to your unique risks. Your risks and pricing are judged on the merits of your company, rather than the industry.
A captive insurance company is an integral part of a business model, covering many risks and liabilities, including, but not limited to:
Mid-market business owners who can control their company’s risk performance and outcomes are prime candidates for captives. They are usually best-in-class in their market or industry and have the systems and processes in place to outperform others. Some of the insurance challenges they face include:
Our Captive practice has deep experience in structuring and managing captives that give you greater access to insurance, ability to tailor terms and conditions in your policy, typically at a lower cost than traditional third-party insurers, and allow for coverages that may not be commercially available.
When you’re facing the most pressing business challenges, maximizing your success starts with the right partner. At Risk Strategies, you get a dedicated risk management consultant and partner with in-depth industry knowledge and 25 specialty practices. Whether you are considering an alternative risk solution, or need help managing an existing captive, our team of specialists will provide the highest degree of expertise in the captive industry today. Recognizing the needs of our diverse client base, we have the safeguards in place to run our Captives Practice independently from other Risk Strategies companies. Unhindered by geographic limitations or industry focus, we seek out the best insurance solutions to meet the unique needs of your business.
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