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CAPTIVE INSURANCE COMPANIES
Captive insurance companies include either single parent or group-owned
captives. The latter category includes Risk Retention Groups.
These assignments involve assistance to the sponsor or prospective
parent of a captive with its formation and funding. This includes
preparation of the business plan and financial pro formas for the
domicile regulator; coordination of legal, actuarial, accounting, and
reinsurance functions; and all other necessary steps to help organize a
functioning captive insurance company.
The fact that none of the Creative Risk Concepts International
consultants possess a financial stake in the outcome of these
assignments helps ensure an objective outcome. The first steps in
organizing a captive involve analysis of its feasibility. If, in the
eyes of the sponsor or prospective parent, it is not feasible, the
assignment is terminated at that point.
For further information on captives, please see The Captive Insurance
Manual authored by Donn McVeigh and Ted Hall publiished by CCH Insurance Services (f/k/a NILS Publishing
Company). .
Please click on "Consulting Staff" for resumes
of the consultants appropriate for this assignment.
Donn P. McVeigh, CPCU
Creative Risk Concepts International
6114 LaSalle Avenue #355
Oakland, CA 94611-2802
USA
Tel: 510-531-9150, Fax: 510-531-2531
E-Mail: dmcveigh@CRCinternational.net
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