In recent years, the growth of captive insurance and alternative risk management arrangements has boomed thanks to businesses looking to better manage insurance needs, including cost, coverage, service and capacity. With more than 45 years of experience in captive and alternative risk management experience, we can recommend, market and implement alternative financing arrangements that best fit your needs.

We specialize in group captive insurance companies, single parent captives and pools. Businesses in the same industry, associations, governmental agencies and schools can benefit from one or more of these types of arrangements. This type of structure enables organizations to achieve a higher level of buying power with insurance and reinsurance companies and other risk management service providers by aggregating their risks. Generally, each participating organization is an owner in the captive company or pool which allows them greater control over their risks and the ability to build an asset for the future.

There are many reasons to consider captive insurance or other alternative risk management arrangements, including:

  • Minimize premium costs. By creating a captive insurance company, you will be able to directly access reinsurance and excess markets which enable you to reinsure risks at wholesale or discounted rates rather than retail pricing.
  • Customize coverage. With increased access to excess carriers and reinsurance companies, insurance coverage can be tailored precisely to the needs of the individual insured and the group.
  • Benefit from investment income. Premiums paid into the captive can be invested to grow the financial strength of the company and increase surplus. If the captive has good claims experience, it stands to generate a tremendous amount of dividends for the captive owners.

How FCCS can help?

With more than a dozen of professionals with experience developing and managing all aspects of captives and alternative risk management programs, our services include:

  • Feasibility studies
  • Analysis of needs and options
  • Captive or public entity pool design
  • Design of multi-line insurance programs
  • Establish risk management team
  • Captive or pool application
  • Captive or pool formation
  • Issuance of insurance contracts
  • Rate and underwrite risk exposures
  • Captive or pool management
  • Statutory accounting services
  • Insurer and reinsurer interface
  • Claims management and oversight
  • Board meeting preparation and facilitation
  • Annual reports and filings for local regulators
  • Develop and provide loss control guidelines and training
  • Contract with and manage all service providers
  • Liaison with rating agencies
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