Captive Videos
Is Captive Insurance Right for Your Business
Do the benefits of forming a captive insurance company exceed the costs? Jeremy Colombik, president of Management Services International, says this boils down to educating the client of all the benefits that a captive insurance company may offer. Read More
What Makes a Captive Insurance Company Successful
Jeremy Colombik, president of Management Services International, states that five factors come into play to make a captive insurance company successful: (1) determining the type of risk to put into the captive (actuaries/underwriters), (2) minimizing commercial insurance costs, (3) better risk management, (4) increasing risk awareness, and (5) tax benefits. Read More
What Are the Financial Benefits of a Deductible Reimbursement Policy
An operating company may achieve immediate financial benefits by using a captive insurer to issue a deductible reimbursement policy for its high deductible retentions. The tax implications for reimbursement policies for high deductibles are explained in this video by Martin Eveleigh from Atlas Insurance Management. Read More
How To Manage a Captive More Efficiently
Managing a captive efficiently comes down to having a streamlined approach. Captive managers coordinate multiple pieces such as actuaries, auditors, regulatory bodies, and financial statement preparation. A captive manager may want to look at a firm to help with back office support, according to Jeremy Colombik of Management Services International. Read More
Taxation of 831(b) Microcaptives and IRS Concerns
In this video, P. Bruce Wright of Eversheds Sutherland (US) LLP addresses the special taxation case of micro-captive insurance companies. Section 831(b) of the Internal Revenue Code applies to insurance companies with less than $2.2 million in net premium. Read More