Types of Captives

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Congress Appears Unlikely To Pass RRG Expansion this Session

While time is running out during the current congressional session for federal lawmakers to act on legislation that would allow certain risk retention groups (RRGs) to expand coverages they can offer to policyholders, observers are optimistic, amid hardening market conditions, that consideration will resume next year.
November 10, 2020 Read More
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Benefits Captives' Value Grows with Rising Medical Costs and COVID-19

Continued increases in medical costs coupled with the ongoing impacts of the COVID-19 pandemic create significant stressors for employers providing healthcare benefits. Increasingly, including a captive insurance company in some employee benefits offerings can be a sound strategy for many of those employers.
November 09, 2020 Read More
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Demotech Second Quarter 2020 Analysis Finds RRGs Remain Financially Stable

Assets and surplus of risk retention groups (RRGs) increased in the second quarter of this year relative to the same period last year, as the alternative risk transfer vehicles continue to provide specialized coverage to their insureds while remaining financially stable, according to a new analysis from Demotech, Inc.
November 02, 2020 Read More
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Property Insurance Captives Take on Added Value in Hardening Market

Many captive insurance company owners have used their captive as part of their property insurance program even in a soft market. Now, as insurance markets harden, a captive can take on even more value as part of a property program.
October 28, 2020 Read More
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Medical Professional Liability Remains Dominant RRG Coverage Line

While risk retention groups (RRGs) can write a wide range of coverages, one line of coverage is dominant: medical professional liability. Of the roughly $3.5 billion in direct RRGs premiums in 2019, well over 50 percent—nearly $1.96 billion—was for professional liability coverage for RRGs' policyholder-owners.
October 19, 2020 Read More
  Medical-Related Icons Collected in a Honeycomb Shape Surrounded by Floating COVID-19 Cells

Medical Stop Loss Captives Continue To Offer Benefits through Pandemic

The use of captive insurance companies for medical stop loss coverage has increased dramatically in recent years and likely will continue to do so, even as the ultimate impact of the COVID-19 pandemic remains uncertain. Small and midsize employers have benefited from using group medical stop loss captives.
September 09, 2020 Read More
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Hard Market Could Fuel Wave of New Risk Retention Group Formations

While the number of risk retention groups (RRGs) has declined in recent years, experts predict a resurgence of RRG formations as conditions tighten and premiums jump in the traditional insurance market. RRGs, unlike other captives, can do business in any state after meeting the licensing requirements of just one state.
August 17, 2020 Read More
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Department of Labor ExPro Benefits Captive Review Option Still Frozen

While the US Department of Labor (DOL) has not yet reinstated a regulatory procedure that enabled employers to obtain a speedy DOL review of their plans to use their captive insurance companies to fund employee benefits, they can, for regular review, use guidance that the DOL released last year.
July 17, 2020 Read More
  Karin Landry, Managing Partner at Spring Consulting Group

Thinking through the Process of Forming an Employee Benefits Captive

Karin Landry, managing partner with Spring Consulting Group, says when employers think about funding employee benefits in a captive, they need to think about whether or not the funding of those benefits would be subject to the US Department of Labor. 
April 08, 2020 Read More
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Compromise Urged on RRG Coverage Expansion Legislation

At a recent House of Representatives subcommittee hearing, lawmakers were urged to compromise on legislation that would allow certain risk retention groups (RRGs) to expand coverages they can offer to their policyholders.
January 31, 2020 Read More
  A close-up view of the Congress building in Washington, DC

Congressional Hearing Set To Consider RRG Coverage Expansion

A House of Representatives subcommittee will hold the first congressional hearing on legislation that would expand the coverages risk retention groups (RRGs) can offer to their policyholder-owners.
January 22, 2020 Read More
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New Legislation Introduced To Allow Property Coverage in RRGs

A new congressional drive has been launched to expand the coverages risk retention groups (RRGs) can offer to their policyholder-owners.
November 26, 2019 Read More
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GastroAssure Captive Insurance Option Set Up for GI Practices

The group purchasing organization Gastrologix and the Digestive Health Network, a group of independent gastrointestinal (GI) practices, have created GastroAssure, a captive insurance program formed to provide medical professional liability to independent gastroenterology practices.
July 25, 2019 Read More

AMERIND: A Cell Captive in Operation

A synopsis of how a Native American-owned and -operated corporation created a cell captive structure to expand and enhance its business. The article outlines what each of the cells provides and why they were created.
July 01, 2019 Read More
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Key Accounting Issues for Cell Captives

We provide a review and analysis of the latest white paper from Johnson Lambert and Spring Consulting Group on cell captives. Our review highlights some of the key concepts from the report and offers guidance on what to look for.
May 15, 2019 Read More
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Cell Structures and Captive Insurance Innovation

Kevin Doherty of Dickinson Wright PLC says that the captive industry is full of innovators and captives are continuously innovating. According to Mr. Doherty, some of the more interesting concepts that have emerged involve the use of cell structures.
March 28, 2019 Read More
  Award Star-SF

CICA Presents this Year's Outstanding Captive Award to ACIG

This year's Outstanding Captive Award was presented to American Contractors Insurance Group Ltd. (ACIG) at the opening session of the Captive Insurance Companies Association (CICA) 2019 International Conference in Tucson, Arizona.
March 11, 2019 Read More
  A close-up view of the Congress building in Washington, DC

New Effort To Be Launched To Expand RRG Coverages

A new drive is expected to try to convince federal lawmakers to pass legislation to expand coverages that risk retention groups (RRGs) can offer to their policyholder-owners. Since 2006, lawmakers have discussed, during every congressional session, expanding the Risk Retention Act to allow RRGs to write property coverages.
January 28, 2019 Read More
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"2018 Risk Retention Group Benchmarking Study" Provides Valuable Insights

The "2018 Risk Retention Group (RRG) Benchmarking Study" from Pinnacle Actuarial Resources, Inc., is now available for download. The study offers a review of RRGs by industry segment. Get the study today!
January 18, 2019 Read More
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Risk Retention Groups: An Important Segment of the Captive Industry

Risk retention groups (RRGs) comprise only 3 percent of the roughly 7,000 captive insurers now operating. This relatively small number of RRGs hides the importance of this segment of the captive industry. Many RRGs are a vital source of coverage for hundreds—even thousands—of their policyholder-owners.
October 03, 2018 Read More