Captive Management
Key Criteria for Selecting a Captive Claims TPA
The claims handling function is a critical requirement for all captive insurers. The decision to outsource this operation to a third-party administrator (TPA) requires significant due diligence. We explore some of the key criteria to consider in selecting the right claims handling TPA firm. Read More
Cyber-Risk Quantification Is Key for M&A Professionals
In the insurance industry, many of the practical details surrounding merger and acquisition (M&A) transactions are based on reasonably sound approaches with sufficient supporting data where advisers can estimate the value of a target entity. What is challenging to quantify is the impact a cyber event may have on a target's value. Read More
US-EU Covered Agreement: an Overview
Eversheds Sutherland provides us with an overview of the US-EU covered agreement. The agreement will eliminate collateral and local presence requirements for qualified US reinsurers operating in the EU insurance market, and will eliminate the requirement for collateral for qualified EU reinsurers operating in the US insurance market. Read More
Small Captive Insurance Program Exit Planning
After two consecutive losses for taxpayers involved in small captive insurance programs, some may consider exiting their small captive insurance program. Exiting a captive, however, may be time consuming and expensive. Many captive owners will need to take into account numerous issues and make some difficult decisions. Read More
Captive Insurers Should Review Their Risks at Least Every 5 Years
According to Karin Landry, a managing partner with Spring Consulting Group LLC in Boston, after captive insurance companies are set up, their parents should periodically review the risks their captives are covering. At a minimum, this assessment should be every 5 years and, in some cases, more frequently. Read More