Single parent captives, also known as pure captives, have emerged as a powerful tool for large corporations seeking to optimize their risk management strategies.
“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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Risk tolerance is the willingness of an organization to incur risk to gain future reward
Risk sharing is a foundational principle in the entire insurance industry, not just for captive insurance.
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