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