Part of a captive insurance manager's responsibilities involves overseeing claims handling protocols for its clients. Since claims are typically the largest cost of running a captive insurer, it is important that the captive insurance manager encourage clients to consider this aspect of the captive's operations early in the formation process.
RiverStone, the US insurance runoff specialist of the Fairfax insurance group, is pleased to announce the acquisition of Western Property & Casualty Insurance Company (Western P&C), effective August 31, 2022.
In this article by Robert Walling, Pinnacle Actuarial Resources, he discusses how the use of a peer review of the consulting actuary's work results in better corporate governance. Given the lack of insurance expertise on many captives' board of directors, the use of a peer review is certainly justified.
There are five key questions to ask before deciding whether to form a captive insurance company. We rank the questions in order of importance and provide a road map for prospective captive owners to consider.
There are numerous factors to contemplate when deciding whether or not to form a captive insurance company. Read about some of the advantages and disadvantages of captive ownership to consider when deciding whether to form a captive insurance company or not.
A small but growing number of employers are tapping their captive insurance companies to fund employee benefit risks with a goal of reducing costs. This article reviews the basics, including the main drivers and the US Department of Labor approval process.
Alton Cogert, president and chief executive officer of Strategic Asset Alliance, offers the four specific questions that will lead to a more meaningful and useful investment manager meeting.
It is said that while many Risk Retention Group (RRG) are licensed under states' captive insurance company laws, not all captives are RRGs. Learn about the key contrasts of RRGs and other types of captives, including the number licensed, scope of coverage, and interest in formation.