Atlas Management provides an insider's point of view for those considering the Caribbean island of Nevis as an offshore captive domicile. As a captive domicile, Nevis has many advantages compared to other offshore jurisdictions says Atlas Management.
One of the major roles that a captive insurer's board of directors fills is setting the correct strategy and risk profile for the entity. But many boards struggle with this responsibility. Our 5 key questions can help your board get a better understanding of how to deal with these issues.
Early on, the board of directors of a new captive insurer is charged with retaining a captive manager. The creation of a successful partnership between the board and this professional service provider is critical. In this article, Editor John Foehl discusses his top tips for conducting the request for proposal process when interviewing and retaining a captive manager.
Successfully managing a captive insurance company involves many functions, including financial accounting, corporate governance, underwriting and risk management, regulatory reporting, and overseeing the work of various service providers. Captive managers should have in place a system of organizational controls that provides accurate and thorough administration and reporting of these functions.
Healthcare captive insurers underwriting medical professional and general liability for acute care facilities, physician practices, managed care organizations, and other healthcare services providers have a long history of managing and adjusting claims. In this article, Michael Maglaras discusses basic elements of a good internalized healthcare provider-owned captive claims management process.