This is a discussion to establish a clear understanding of your objectives for a captive. These ongoing discussions will be held at a frequency best suited to you.
This is a back of the envelope check to see if proceeding makes sense. We have no problem advising our clients that a captive may not be the right fit for them.
Initial Program Design
We will present you with an outline of the proposed structure based on all the facts gathered to ensure it meets your requirements and expectations including domicile selection where appropriate.
We will engage in market discussions to estimate the costs for fronting, reinsurance, and collateral requirements.
Capital and Collateral Assessment
An actuarial valuation of the losses necessary for internal pricing, regulatory review, and financial projections may be performed by our actuary or one of your choice.
We will provide you with five year proforma financials using your loss data, payout patterns, and estimated premium.
Based on market discussions, regulatory requirements, or other criteria, an assessment will be made of capital/collateral requirements.
We will make some comparisons with your current program or other possible structures.