Group captives have gained popularity as an effective risk management solution, particularly among small to mid-sized companies seeking the benefits of captive insurance without the full financial and operational burden of a single parent captive. This collaborative approach offers a unique blend of cost-sharing, risk distribution, and shared expertise.
Single parent captives, also known as pure captives, have emerged as a powerful tool for large corporations seeking to optimize their risk management strategies.
The South Carolina Captive Insurance Association (SCCIA) hosted its annual conference from September 17-19, 2024, in the historic city of Charleston, SC
“Instead of the business buying the 20 new power units to keep the fleet upgraded, the captive will buy those assets and then lease them back to the operating entity,” Mr. Reznicek said. Captives can also support payrolls for risk management departments, he said.
A large transportation service turned to Captives Insure for an alternative means of procuring their Excess Auto Liability.
A Risk Retention Group (RRG) is a unique type of insurance entity in the United States, created under the federal Liability Risk Retention Act (LRRA) of 1986
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