Global Captive Management Introduces Segregated Portfolio Company

Global Captive Management Ltd. (GCM) has introduced Outcomes SPC, a segregated portfolio company (SPC) intended to provide businesses with a more accessible path into the captive insurance market. The structure is designed for organizations that may not meet the financial or administrative thresholds required to operate a traditional single-parent captive.

Alanna Trundle, president of GCM, said Outcomes SPC is suitable for companies considering a captive structure but seeking a lower entry point. "Those are companies who have an entrepreneurial spirit, they're willing to take on risk, they have a good loss control program, they see the captive as a long-term investment, and they're looking for stability in premiums," Ms. Trundle said.

SPCs offer a shared infrastructure where each participant maintains independence of assets and liabilities while operating under a common legal entity. This approach can lower setup and operational costs compared to forming a stand-alone captive, and may reduce capital requirements.

"Outcomes SPC offers many advantages, including operational efficiencies, lower levels of government fees, and potentially lower levels of capital required compared to starting a stand-alone captive," Ms. Trundle said. "Outcomes SPC also has a flexible structure, where each insurance program remains independent, allowing companies to tailor their coverage to their needs. Additionally, the solution can be used as a stepping stone for companies looking to gain experience before eventually transitioning to their own captive structure."

Tom Stewart, president of the Holmes Murphy PLUS division, which includes GCM, said the company plans to bring the service philosophy it has developed since 1982—focused on specialized solutions and client responsiveness—to the Outcomes SPC offering.