Captive Basics

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Captive Basics

Does a captive make business sense for your company? Do you want to learn how to maximize shareholder value through a captive? Or maybe you just want to learn the basics about captives.

These links will help you move ahead. You asked us for links to some of the more introductory captive information that we have throughout the site -- this page brings them all together for your convenience.

Browse the News/Library Articles, Newsletters, and NewsRack sections for more advanced topics.

Description	Sponsor
April 2008: "Glossary of Insurance and Risk Management" (See "Free resources" area on left side of page to access this glossary.) This is a Wiki style glossary to which you can add your own terms.	IRMI
12/03/2007: Glossary of Captive Insurance Terms	Active Captive Management
12/21/2005: Martin Eveleigh has posted an excellent article entitled "Segregated Portfolio Companies -- Glorified Rent-a-Captives?" A great introduction to this concept.	Atlas Insurance Management
15 April 2008: "Captive Insurance Companies - What to Consider When Establishing and Operating Captives" by Patrick Theriault [Editor's Note: This is an outstanding "Captives 101" white paper that we know you will appreciate, updated to reflect recent changes in the industry.] 15 August 2006: "Medical Malpractice Insurance Crisis - Alternative Risk Transfer Solutions" by John O'Brien. [Editor's Note: A primer on ART solutions that anybody in the medical field needs to read.] 16 November 2005: Captives and Letters of Credit -- A Happy or Necessary Union? The majority of captive programs require a letter of credit at some point or another. This fine article by Patrick Theriault will give you the background you will need to be conversant on this important subject.	Wilmington Trust Captive Management Services
21 October 2005: Why is the BVI So Popular With Captive Insurance Companies? This article is a terrific introduction to the captive concept. It also spells out why the BVI might be a good choice for many classes of business.	HWR Insurance Management
10 May 2005: Captives: Why or Why Not? Many articles extol the benefits of captive formation, but few express any cautionary statements that should be considered. This white paper exposes both sides of the coin -- you'll like it!	Spring Consulting Group
10 November 2004: A terrific article written by Conor Jennings entitled, "Virgin Captives" is awaiting you. This article features a solid introduction to captive basics, along with an explanation of numerous advantages offered to captives who domicile in the British Virgin Islands.	Caledonian Insurance Services
Are States Abusing the Registration Process In Violation of the Liability Risk Retention Act? -- A Risk Retention Reporter interview with John Harkavy and Heather Ross, reproduced with permission of Risk Retention Reporter. Article gives excellent information on regulatory aspects of RRG's.	Risk Services
29 September 2004: Captives 101 - Captive Insurance Company Glossary. This searchable pdf glossary seeks to clarify some of the terms and jargon used in the captive insurance marketplace. The intent is to provide a basic understanding of terms for those unfamiliar with the terminology and a common reference point for others engaged in more advanced areas of captive application and theory. In general, this glossary has a U.S. perspective and presents explanations rather than definitions. 27 August 2004: "Captives 101: Managing Cost and Risk." This primer defines captives and discusses the forms they can take. The white paper also describes captive operations, and explores the reasons for forming a captive, along with the issues to consider in determining whether a captive is right for your organization. TRACS: The Road to Successful Captive Management	Towers Perrin
Captives in Risk Management Why Dream of Captives in Today's Insurance Market?	Liberty Mutual
What is a Captive? What is a Captive Program? Nine Reasons for Forming a Captive Glossaries: Reinsurance Terms Alternative Market and Captive Terms Barrons Dictionary of Insurance Terms accessible from Amazon.com
Captive Resources Center containing answers to the most common questions you might have when considering a captive for your organization	Spring Consulting Group
About Captive Insurance	Comerica Bank Captive Insurance Services
The Alternative Insurance Market: A Primer	MunichRe America
Captive FAQs Association Captive Checklist Single Parent Captive Checklist What is a "Reciprocal" or "Reciprocal RRG"?	Milliman
What's Up Front: A Guide to Fronting Arrangements (A terrific "primer" on fronting -- what it is and how to use it.) Reinsurance Review: The reinsurance program can make or break a captive. Learn the basics in this fine article.	Johnson Lambert & Co.
Captive Insurance Companies -- What are They?	KPMG/Belmont Insurance (BVI)
Maximizing Shareholder Value	Marsh Management (Bermuda)
"I Get By With a Little Help From My Friends" -- Choosing The Right Captive Service Providers	From an excellent presentation at the 1998 World Captive Forum -- still relevant today!