Independent Captive Insurance MGA and Consulting Firm

As one of the largest independent captive insurance program managers in the world, our open programs give brokers and captive managers the tools and expertise to provide AM Best rated global captive insurance solutions, confidently win new business, and retain key accounts without sacrificing commissions or revenue.

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Are You Putting the Cart Before the Horse?

Interest in captive insurance tends to spike when the commercial market turns hard. A renewal comes in well above budget, a carrier non-renews a line, or a peer company shares how its captive has performed — and suddenly the question in the boardroom becomes, "Should we be doing this too?" The natural next step, it seems, is to commission a formal feasibility study.

That instinct is understandable, but it is often premature. A feasibility study is a meaningful commitment of time, money, and internal attention. It typically involves actuarial analysis, financial projections, tax and legal review, and domicile evaluation, and it draws on management time across finance, risk, and operations. When an organization commissions a study before the underlying fundamentals are in place, the most likely outcome is an expensive report confirming that the company is not yet ready.

FEMA’s Retreat Puts Catastrophe Risk Back on the Balance Sheet: What It Means for Captives at 1/1

Two FEMA announcements on the same day point the same way. At a private conference in Little Rock, FEMA Administrator Cameron Hamilton told state emergency managers that states must build their own financial reserves to handle most disasters without federal help. He said federal disaster aid cuts could come within six months. Also that day, FEMA launched a FloodSmart.gov tool that lets homeowners and renters buy NFIP policies directly, without an agent. An internal FEMA memo dated October 15 had already described the goal of handing disaster response to state and local governments to reduce "federal dependency".