Captive Videos

Martin Ellis, manager of Comerica Bank's Captive Insurance Group, explains why letters of credit (LOCs) are the most popular collateral option for captive insurers. Read More

Martin Ellis of Comerica's Captive Insurance Group says custody for captive insurers is the safekeeping of a captive's financial assets in an account. Read More

According to Bruce Wright of Eversheds Sutherland, risk pools in captives (1) allow organizations to spread risk and (2) provide for a tax benefit. Read More

Bruce Wright of Eversheds Sutherland explains section 953(d) of the Internal Revenue Code, which allows non-US captive insurers to be taxed as domestic companies. He discusses the election process, potential termination, and the importance of compliance, advising protective returns if an audit threatens the 953(d) election. Read More

Bruce Wright of Eversheds Sutherland explains that the most common way to move a captive to a different jurisdiction is through a merger, often via redomestication. Organizations also use assumption reinsurance agreements, where the insured transfers liabilities to the new insurer, releasing the old insurer from obligations. Read More