This Captive Insurer Helped Create $26M in Economic Value

 
Captive Operations & Services | Steven McElhiney | President &  CEO | EWI Re, Inc.

In this video, Steve McElhiney, president and CEO of EWI Reinsurance, provides examples of the benefits that a captive insurance company can provide to an organization's risk program. Captives give organizations broader overall solutions not supported in the traditional marketplace. For instance, captives may tailor their own insurance policies to broaden and enhance coverages granting broader claims recoveries. Similarly, captives allow for creative sublimit uses surrounding more difficult exposures. Through their captives, organizations can also directly access reinsurers to support their own specialized insurance policies. Mr. McElhiney also explains that the value of these aspects is much larger than specific claim results and points to a 30-year Vermont captive with original start-up costs of $250,000 whose current total economic value is $26 million (including dividends).