| captive insurance management companies: Adkisson's Captive Insurance Companies Jay Adkisson, 2006 A captive insurance company is, in a nutshell, an insurance company formed by a business owner to insure the risks of the operating business. The operating business pays premiums to the captive, and the captive insures the risks of the operating business. A captive is much more than an exotic form of self-insurance: It is the creation of a new insurance company that has the potential to grow from being a mere captive into a full-blown insurance company seeking to profit from underwriting the risks of others. Adkisson's Captive Insurance Companies provides a basic introduction to captives and their benefits, including: utilize your own experience ratings; recapture underwriting profits; underwrite exposed risks and deductibles; access the reinsurance markets; and transfer wealth between generations. This book also provides a unique look at the wealth transfer, accumulation and preservation advantages of captives, as well as an overview of the types of captives, taxation of captives, and captive domiciles. |
| captive insurance management companies: Captive Insurance Deskbook for the Business Lawyer David J. Slenn, 2018 To help lawyers decipher the intricacies of captive insurance, this guidebook begins with a discussion of types of captives and addresses how to approach whether a captive makes sense for a business owner. The book focuses on various aspects of the captive's operation and management--from taxation, special uses, and regulation to eventual exit and potential tax litigation issues. Captive insurance covers legal and non-legal practice areas such as taxation (domestic, foreign, state, and local), insurance (regulatory, coverage, and reinsurance), securities, commercial transactions, employee benefits, tax controversy, actuarial science, underwriting, and more. |
| captive insurance management companies: The Business Owner's Definitive Guide to Captive Insurance Companies Peter J. Strauss, 2017-07-06 MANAGE YOUR RISK IN A MORE EFFICIENT WAY What if you could insure the risks of your business, reduce your out of-pocket expenses, and create another source of revenue? Sounds too good to be true, right? With The Business Owner's Definitive Guide to Captive Insurance Companies, Mr. Strauss shows that, by utilizing a captive insurance company, this is not only possible but also a lot easier than you'd imagine. As one of America's top corporate, tax, and risk management attorneys, Mr. Strauss provides readers with true insight on the key sophisticated planning techniques used by small business owners who implement captive insurance companies. You'll learn the fundamentals and history of captive insurance and how this technique can provide numerous benefits to your business. This book will provide you with the insight on how to: -reduce out-of-pocket expenses; -increase cash flow; -insure more of the risks of your business; -protect personal and business assets from lawsuits; and -select the appropriate manager for your captive insurance company. Creating a captive insurance company may sound daunting, but with Mr. Strauss's guidance you can navigate the legal maze and utilize this valuable strategy with ease. Don't miss out on crucial out-of-pocket savings, and create more liquidity in a more tax-efficient manner. Take steps today and reap the benefits of captive insurance! |
| captive insurance management companies: Modern Captive Insurance Matthew Queen, Light Townsend, 2020-10-07 Insurance is a sophisticated financial vehicle that can be best understood through the lens of risk management. Experiencing dramatic growth, captive insurance is owned and controlled by its insureds, pooling the risks of its owners. Captive insurance provides businesses with unmatched flexibility regarding coverage, claims, premium, and control, while also offering advantages such as lucrative dividends and innovative financing techniques. This state-of-the-art guide traces the development of small captive insurance and addresses how to set up and properly manage a captive. Modern Captive Insurance: A Legal Guide to Formation, Operation, and Exit Strategies, begins with an overview of what captive insurance is and detail the advantages in setting up a captive for a range of different business situations. Chapters explain how to incorporate and start up a new captive insurance program, including basic terminology and the roles different professionals play in running captive programs. Captive insurance is an intricate yet effective risk management strategy. For guidance in properly establishing a captive, the authors address critical issues evaluated by the IRS, such as risk shifting and distribution, and explore ethical considerations arising out of off-shore captive management, such as how to identify money laundering red flags and how to properly manage the investments of reserves. Modern Captive Insurance takes an in-depth look at the topics and issues that are common in insurance and in businesses, but are often handled differently for captives, such as: Financial statements, investments, and financial ratings Policy drafting and coverage Risk pools and structuring the pooling arrangement to be valid Federal, state and local taxation Tax-exempt organizations Risk retention groups (RRP) Reinsurance, and more Table of Contents Chapter 1: Captive Company Formation Chapter 2: Captives and Capitalists Chapter 3: Risk Pools Chapter 4: Financial Statements, Investments, and Financial Ratings Chapter 5: Policy Drafting and Coverage Chapter 6: Underwriting and Claims Reserving Chapter 7: Federal Income Tax and Captives Chapter 8: State and Local Captive Insurance Issues Chapter 9: Tax-Exempt Organizations and Captive Insurance Chapter 10: Risk Retention Groups and How They Work Chapter 11: Reinsurance Chapter 12: Workers' Compensation and the Grand Bargain Chapter 13: Employee Benefits Conclusion Table of Cases and Index |
| captive insurance management companies: Captives and the Management of Risk Kathryn A. Westover, 2014-07 |
| captive insurance management companies: Structured Finance and Insurance Christopher L. Culp, 2011-09-13 Praise for Structured Finance & Insurance More and more each year, the modern corporation must decide what risks to keep and what risks to shed to remain competitive and to maximize its value for the capital employed. Culp explains the theory and practice of risk transfer through either balance sheet mechanism such as structured finance, derivative transactions, or insurance. Equity is expensive and risk transfer is expensive. As understanding grows, and, as a result, costs continue to fall, ART will continue to replace equity as the means to cushion knowable risks. This book enhances our understanding of ART. --Myron S. Scholes, Frank E. Buck Professor of Finance, Emeritus, Graduate School of Business, Stanford University A must-read for everyone offering structured finance as a business, and arguably even more valuable to any one expected to pay for such service. --Norbert Johanning, Managing Director, DaimlerChrysler Financial Services Culp's latest book provides a comprehensive account of the most important financing and risk management innovations in both insurance and capital markets. And it does so by fitting these innovative solutions and products into a single, unified theory of financial markets that integrates the once largely separate disciplines of insurance and risk management with the current theory and practice of corporate finance. --Don Chew, Editor, Journal of Applied Corporate Finance (a Morgan Stanley publication) This exciting book is a comprehensive read on alternative insurance solutions available to corporations. It focuses on the real benefits, economical and practical, of alternatives such as captives, rent-a-captive, and mutuals. An excellent introduction to the very complex field of alternative risk transfer (ART). --Paul Wohrmann, PhD, Head of the Center of Excellence ART and member of theExecutive Management of Global Corporate in Europe, Zurich Financial Services Structured Finance and Insurance transcends Silos to reach the Enterprise Mountaintop. Culp superbly details integrated, captive, multiple triggers and capital market products, and provides the architectural blueprints for enterprise risk innovation. --Paul Wagner, Director, Risk Management, AGL Resources Inc. |
| captive insurance management companies: Protected Cell Companies Nigel Feetham, Grant Jones, 2010 This Second Edition of Protected Cell Companies is a valuable resource for practitioners who work with this important new business form. The Protected Cell Companies Act was first introduced in Guernsey in 1997 and other jurisdictions have followed this path. This gave rise to the First Edition of this book which contained the legal analysis essential to further use and development. The book provides comprehensive guidance on such complex issues as insolvency, veil-piercing, tax, and accounting. As lawyers and business people have come to understand the PCC its uses have spread from its origins in captive insurance companies to providing a bankruptcy remote vehicle for special purpose vehicles, credit derivatives, and open-end investment companies. The authors show that PCCs are now widely used by insurers, insurance brokers, banks, investment and fund managers and international tax planning advisers. They also describe the use of PCCs and related devices not only in their originating jurisdictions but in the EU, the US and around the world. This new edition contains substantial additions but with the same practical emphasis of the original book. |
| captive insurance management companies: The Cost of Ignorance Robert Phelan, 2013-01 THE COST OF IGNORANCE is a riveting novella by business insurance veteran Robert Phelan.The story punctures confusing insurance jargon and introduces a powerful new concept for middle-market companies: a little-known form of insurance known as Performance-Based Insurance (PBI) costs less and can save a company millions of dollars over time. The tale is told through the misadventures of Timothy Franculli, owner of a wholesale manufacturing company that is about to go broke because of escalating liability and health insurance costs. Timothy attends a conference in San Francisco where he runs into an old friend and learns about PBI, a type of insurance that could save his struggling company hundreds of thousands of dollars per year. But there is a catch. Typically, in order to qualify for PBI, a company must have a strong safety culture where worker injuries and accidents are controlled and reasonably predictable. Franculli has a lot of catching up to do after a series of employee injuries the year before caused his worker s compensation premiums to skyrocket 40 percent. |
| captive insurance management companies: Captive Practices and Procedures Kathryn A. Westover, 2011-01-01 |
| captive insurance management companies: Research Handbook on International Insurance Law and Regulation Julian Burling, Julian M. Burling, Kevin Lazarus, 2012 'Global insurance and its rapidly evolving law and regulation demands international research. To this aim, the Handbook offers a truly international collection of essays. Highly renowned experts analyze the key topics currently under international discussion and development. While representing a diversity of national jurisdictions, the focus lies on the largest insurance jurisdictions (USA, UK and Germany) but newly important jurisdictions like Brazil and China are considered as well a most valuable and important contribution to international insurance law literature.' Manfred Wandt, Director of the Insurance Law Institute, Goethe-University Frankfurt, Germany 'This Research Handbook is published at an opportune time. A global review of insurance law and regulation is underway. Much reform happens locally with little reference to developments elsewhere and this Research Handbook brings the strands together. It is a comprehensive review by distinguished authors from different backgrounds including both leading academics and practitioners. They consider the definitions of insurance, its economic underpinnings, comparative law and regulations, actual and proposed reforms, the effects on underwriting and claims and how insurance is studied and taught. Good laws and regulation benefit the market and its customers. Bad laws and regulation do the opposite. This book is required reading for all involved in the reform process.' David Hertzell, Law Commissioner 'Globalisation has had no greater impact in the commercial world than on insurance, the law which governs it and the risks it seeks to address. Those who inspired this publication and the contributing authors, are to be thanked for providing such a necessary and useful reference source. It covers so much of what insurance professionals need to be aware of in the insurance/law world of the twenty first century.' Michael Gill, President of the International Insurance Law Association Given its economic importance, insurance is a field that has been underserved as an area of academic study. This detailed book provides much needed coverage of insurance law and regulation in its international context. Produced in association with Lloyd's, it draws on the expertise both of academics and practising lawyers. Containing 30 comprehensive chapters, it provides in-depth studies on key areas, such as the role of international organisations, the judicial interpretation of insurance contract clauses and transnational regulatory recognition. It also provides thorough introductions to important jurisdictions, including the EU, US and Japan as well as focusing on newly emerging economies such as China and Brazil. Specialist topics covered include regulation by and of Lloyd's, the tort of bad faith in the US, microinsurance and takaful insurance. This well-documented resource will appeal to academics and students in insurance law and regulation, policymakers and private practice lawyers. The book also aims to stretch the imagination of anyone with an interest in insurance law and regulation, providing detailed analysis and avenues for further investigation. |
| captive insurance management companies: Bad Advisors Roccy DeFrancesco, 2011-04 Americans depend on their financial advisors to give them sound advice, advice that will help them make good investments and secure their financial future. So why--with all the advice they receive from their advisors--have Americans lost trillions of dollars in the stock market, their 401ks, pension plans, and IRAs in just the last 3 years?Here's a SECRET: Many financial advisors are forbidden from giving you the best advice. Also, many financial advisors are either not properly trained to give you the best advice or they're more concerned about selling you a product or service than they are about helping you achieve your financial goals, the consequences of which are often catastrophic. In this controversial book, Roccy DeFrancesco, the leading trainer of advanced planning concepts for financial, insurance, mortgage, accounting, and legal professionals, exposes the financial industry's dirty little secrets and unveils the worst fears many people have about their financial advisors. In Bad Advisors, you will learn how to:-Eliminate the causes of doubt and fear of losing your assets-Remove stress while dramatically increasing your wealthRoccy exposes insider secrets that you need to know to protect yourself and your family from bad advisors. Roccy also gives you questions to ask your financial advisor to determine if he or she is truly concerned about you and your financial goals.After you read this book, you will have all the tools you need to make an informed decision when it comes to hiring (or firing!) your financial advisor. |
| captive insurance management companies: Insurance Distribution Directive Pierpaolo Marano, Kyriaki Noussia, 2021 This open access volume of the AIDA Europe Research Series on Insurance Law and Regulation offers the first comprehensive legal and regulatory analysis of the Insurance Distribution Directive (IDD). The IDD came into force on 1 October 2018 and regulates the distribution of insurance products in the EU. The book examines the main changes accompanying the IDD and analyses its impact on insurance distributors, i.e., insurance intermediaries and insurance undertakings, as well as the market. Drawing on interrelations between the rules of the Directive and other fields that are relevant to the distribution of insurance products, it explores various topics related to the interpretation of the IDD - e.g. the harmonization achieved under it; its role as a benchmark for national legislators; and its interplay with other regulations and sciences - while also providing an empirical analysis of the standardised pre-contractual information document. Accordingly, the book offers a wealth of valuable insights for academics, regulators, practitioners and students who are interested in issues concerning insurance distribution.-- |
| captive insurance management companies: Property and Casualty Insurance Concepts Simplified Christopher J. Boggs, 2010 This book details key property and casualty concepts rarely discussed or found in print; rather they are often left to be discovered over time. These important concepts are now written down for all insurance practitioners to easily access. Examples of the topics and concepts found in this book include rules for reading ANY insurance policy; why losses are excluded; contractual risk transfer; legal liability theories; COPE details; and the proper explanation of coinsurance concepts. Also included is a rather extensive glossary of insurance and insurance-related terms. Readers will: 1) Gain a deeper understanding of insurance theories; 2) Be better prepared to explain insurance concepts to their clients; and 3) Develop a greater appreciation and understanding of the claims valuation process. |
| captive insurance management companies: So You Want to Start a Hedge Fund Ted Seides, 2016-02-29 Helpful, Accessible Guidance for Budding Hedge Funds So You Want to Start a Hedge Fund provides critical lessons and thoughtful insights to those trying to decipher the industry, as well as those seeking to invest in the next generation of high performers. This book foregoes the sensational, headline-grabbing stories about the few billionaire hedge fund managers to reach the top of the field. Instead, it focuses on the much more common travails of start-ups and small investment firms. The successes and failures of a talented group of competitive managers—all highly educated and well trained—show what it takes for managers and allocators to succeed. These accounts include lessons on funding, team development, strategy, performance, and allocation. The hedge fund industry is concentrated in the largest funds, and the big funds are getting bigger. In time, some of these funds will not survive their founders and large sums will get reallocated to a broader selection of different managers. This practical guide outlines the allocation process for fledgling funds, and demonstrates how allocators can avoid pitfalls in their investments. So You Want to Start a Hedge Fund also shows how to: Develop a sound strategy and raise the money you need Gain a real-world perspective about how allocators think and act Structure your team and investment process for success Recognize the patterns of successful start-ups The industry is approaching a significant crossroads. Aggregate growth is slowing and competition is shifting away from industry-wide growth, at the expense of traditional asset classes, to market share capture within the industry. So You Want to Start a Hedge Fund provides guidance for the little funds—the potential future leaders of the industry. |
| captive insurance management companies: What is Reinsurance? Robert M. Merkin, 1998 In 1994 a Reinsurance Working Party was set up by AIDA (Association Internationale de Droit des Assurances) with the aim of producing a series of comparative reports considering how particular aspects of reinsurance law operate in a range of jurisdictions. |
| captive insurance management companies: The National Underwriter , 1970 |
| captive insurance management companies: Property & Casualty Insurance (Core with Georgia) , 2021-11 |
| captive insurance management companies: Captive Insurance Companies Edward P. Lalley, 1967 |
| captive insurance management companies: Reinsurance Underwriting Robert Kiln, 2017-10-03 First published in 1997. Routledge is an imprint of Taylor and Francis, an informa company. |
| captive insurance management companies: Life Insurance Fact Book , 1959 |
| captive insurance management companies: Wisconsin Insurance Report , 1989 |
| captive insurance management companies: The Art of Vulture Investing George Schultze, 2012-09-24 A detailed and compelling look at distressed securities investing in today’s market In the corporate world, “vulture” investors in distressed securities serve the same cleanup function as vultures do in the natural world: they deal with failing companies, digest bad debt, and mop up after bankruptcies. Since this market’s structural and legal complexities create greater inefficiencies than in other investment fields, it’s a style of investing that can make money during both booms and busts. While recent economic carnage has made opportunities for vulture investors, more convoluted bankruptcies, conflicts of interest, and even government intervention have made this arena harder to negotiate. Nobody understands this better than author George Schultze, founder of Schultze Asset Management. During his successful career as a vulture investor, he’s learned a number of lessons and developed an investment philosophy that has served him well. Now, in The Art of Vulture Investing, Schultze shares his valuable insights and experiences with you. Engaging and informative, this reliable guide offers a bird’s-eye into the opportunities and risks associated with vulture investing. And while it may not always be pretty, you’ll see exactly why this process is necessary for our economic ecosystem. Throughout this book, Schultze explains the theory and strategy of vulture investing in clear and lively prose, illustrating each concept with examples from his own varied experience that show how the landscape has changed in recent years. Offers valuable information on distressed securities investing since the 2007-2009 financial crisis Examines the opportunities and dilemmas for modern vulture investors Includes in-depth case studies of high-profile bankruptcies, including those of Chrysler Automotive and Tropicana Casinos and Resorts By its very nature, investing in distressed companies can be a complicated and risky business. But once the dust settles, these investments can yield extraordinary profits. The Art of Vulture Investing puts this discipline in perspective and shows you how to excel at this difficult, yet rewarding, endeavor. |
| captive insurance management companies: Allocation of Losses in Complex Insurance Coverage Claims Scott M. Seaman, Jason R. Schulze, 2020 This treatise offers comprehensive treatment of many of the issues driving contemporary insurance claims and coverage litigation and reinsurance cessions and arbitrations. |
| captive insurance management companies: The UnCaptive Agent: How to Escape Limitations, Build Incredible Income & Wealth, and Create the Life of Your Dreams by Starting and Operat Tony Caldwell, 2020-04-21 |
| captive insurance management companies: Mission Nir Kossovsky, 2010-02 In Mission: Intangible. Managing risk and reputation to create enterprise value, the author shares value-creating strategies for conquering headline risks and helping corporate executives, C-suite leaders, and business directors protect their most critical business processes. Dr. Nir Kossovsky, chief executive of Steel City Re has spent the last 30 years helping companies increase, protect, and restore their intangible asset value. Dr Kossovsky offers convincing proof that protecting a company's intangible assets is an investment in reputation resilience and value creation. By reading this book, business leaders will obtain the knowledge and insights they need to: Identify how intangible assets contribute to enterprise value Build a business case for allocating resources to protect and grow intangible asset value Manage intangible assets to create a competitive edge and reputation resilience Mitigate risks that may reduce intangible asset value Develop superior strategies for communicating value to stakeholders Dr. Kossovsky's insightful methods for managing ethical compliance, quality, safety, sustainability and security will help businesses compete successfully in a dynamic global economy. Click here to read what experts are saying about Mission: Intangible. Click here for ideas on how to use Mission: Intangible in a classroom setting. |
| captive insurance management companies: Schwarz on Tax Treaties Jonathan Schwarz, 2021-09-28 Schwarz on Tax Treaties is the definitive analysis of tax treaties from United Kingdom and Irish perspectives and provides in-depth expert analysis of the interpretation and interaction of those treaty networks with the European Union and international law. The sixth edition significantly develops the earlier work with enhanced commentary and is updated to include the latest UK, Irish domestic and treaty developments, international and EU law, including: Covered Tax Agreements modified by the BEPS Multilateral Instrument; judicial decisions of Ireland, the UK and foreign courts on UK and Irish treaties; Digital Services Tax; treaty binding compulsory arbitration; Brexit and the EU-UK Trade and Cooperation Agreement; taxpayer rights in exchange of information; taxpayer rights in EU cross-border collection of taxes; attribution of profits to permanent establishments; and EU DAC 6 Disclosure of cross-border planning. Case law developments including: UK Supreme Court in Fowler v HMRC; Indian Supreme Court in Engineering Analysis Centre of Excellence Private Limited and Others v CIT; Australian Full Federal Court in Addy v CoT; French Supreme Administrative Court in Valueclick; English Court of Appeal in Irish Bank Resolution Corporation v HMRC; JJ Management and others v HMRC; United States Tax Court in Adams Challenge v CIR; UK Tax Tribunals in Royal Bank of Canada v HMRC; Lloyd-Webber v HMRC; Esso Exploration and Production v HMRC; Glencore v HMRC; McCabe v HMRC; Padfield v HMRC; Davies v HMRC; Uddin v HMRC; English High Court in Minera Las Bambas v Glencore; Kotton v First Tier Tribunal; and CJEU in N Luxembourg I, and others (the ‘Danish beneficial ownership cases’); État belge v Pantochim; College Pension Plan of British Columbia v Finanzamt München; HB v Istituto Nazionale della Previdenza Sociale. About the Author Jonathan Schwarz BA, LLB (Witwatersrand), LLM (UC Berkeley), FTII is an English Barrister at Temple Tax Chambers in London and is also a South African Advocate and a Canadian and Irish Barrister. His practice focuses on international tax disputes as counsel and as an expert and advises on solving cross-border tax problems. He is a Visiting Professor at the Faculty of Law, King’s College London University. He has been listed as a leading tax Barrister in both the Legal 500, for international corporate tax, and Chambers’ Guide to the Legal Profession, for international transactions and particular expertise in transfer pricing. He has been lauded in Who’s Who Legal, UK Bar for his ‘brilliant’ handling of cross-border tax problems. In Chambers Guide, he is identified as ‘the double tax guru’ with ‘extraordinary depth of knowledge and experience when it comes to tax treaty issues and is a creative thinker and a clear and meticulous writer’. |
| captive insurance management companies: The White Coat Investor James M. Dahle, 2014-01 Written by a practicing emergency physician, The White Coat Investor is a high-yield manual that specifically deals with the financial issues facing medical students, residents, physicians, dentists, and similar high-income professionals. Doctors are highly-educated and extensively trained at making difficult diagnoses and performing life saving procedures. However, they receive little to no training in business, personal finance, investing, insurance, taxes, estate planning, and asset protection. This book fills in the gaps and will teach you to use your high income to escape from your student loans, provide for your family, build wealth, and stop getting ripped off by unscrupulous financial professionals. Straight talk and clear explanations allow the book to be easily digested by a novice to the subject matter yet the book also contains advanced concepts specific to physicians you won't find in other financial books. This book will teach you how to: Graduate from medical school with as little debt as possible Escape from student loans within two to five years of residency graduation Purchase the right types and amounts of insurance Decide when to buy a house and how much to spend on it Learn to invest in a sensible, low-cost and effective manner with or without the assistance of an advisor Avoid investments which are designed to be sold, not bought Select advisors who give great service and advice at a fair price Become a millionaire within five to ten years of residency graduation Use a Backdoor Roth IRA and Stealth IRA to boost your retirement funds and decrease your taxes Protect your hard-won assets from professional and personal lawsuits Avoid estate taxes, avoid probate, and ensure your children and your money go where you want when you die Minimize your tax burden, keeping more of your hard-earned money Decide between an employee job and an independent contractor job Choose between sole proprietorship, Limited Liability Company, S Corporation, and C Corporation Take a look at the first pages of the book by clicking on the Look Inside feature Praise For The White Coat Investor Much of my financial planning practice is helping doctors to correct mistakes that reading this book would have avoided in the first place. - Allan S. Roth, MBA, CPA, CFP(R), Author of How a Second Grader Beats Wall Street Jim Dahle has done a lot of thinking about the peculiar financial problems facing physicians, and you, lucky reader, are about to reap the bounty of both his experience and his research. - William J. Bernstein, MD, Author of The Investor's Manifesto and seven other investing books This book should be in every career counselor's office and delivered with every medical degree. - Rick Van Ness, Author of Common Sense Investing The White Coat Investor provides an expert consult for your finances. I now feel confident I can be a millionaire at 40 without feeling like a jerk. - Joe Jones, DO Jim Dahle has done for physician financial illiteracy what penicillin did for neurosyphilis. - Dennis Bethel, MD An excellent practical personal finance guide for physicians in training and in practice from a non biased source we can actually trust. - Greg E Wilde, M.D Scroll up, click the buy button, and get started today! |
| captive insurance management companies: Captive Insurance Companies William A. D. Hare, Joseph C. Smetana, 1972 |
| captive insurance management companies: The Definitive Guide to Captive Insurance Companies Peter J. Strauss, 2011-10-06 The Definitive Guide to Captive Insurance Companies: What Every Small Business Owner Needs To Know About Creating and Implementing a Captive Americas top corporate estate, tax and asset protection attorney provides readers with true insight on multiple key sophisticated planning techniques for small business owners implementing captive insurance companies. The Definitive Guide to Captive Insurance Companies will provide readers with the ability to: - Reduce income taxation, - Increase cashflow, - Self-insure, - Protect personal and business assets, and - Enhance estate planning. |
| captive insurance management companies: Asset Protection Jay Adkisson, Chris Riser, 2004-07-02 Strategies that are effective and legal for putting one’s assets safely out of reach In today’s increasingly litigious world, the shielding of assets has become a prominent issue for financial planners, business owners, and high-net-worth individuals. Asset Protection details methods that are both legally and morally legitimate for protecting one’s assets from creditors, lawsuits, and scams. Bringing economic common sense and legitimacy to an area that is drowning in gimmickry, two of today’s top lawyers examine the fundamental issues in this growing area, avoiding dense legalese to make the book accessible to anyone. Asset Protection covers everything readers want to know about: Establishing an effective asset protection program Today’s most popular, established strategies Newer strategies that are still being resolved by the courts |
| captive insurance management companies: Audits of Property and Liability Insurance Companies , 2000 |
| captive insurance management companies: Risk Management & Captive Insurance Luke Ike, 2016-05-12 This book renders help for self-help. It provides a valuable contribution to the promotion of captives as a new insurance phenomenon in the area of risk management. It does so by helping to identify potentials of captive as a strategic instrument for risk management. The result is aimed at providing a good information base for individuals who are already involved with captive insurance and those interested in it. |
| captive insurance management companies: Managing Risks Through Captive Insurance Companies Patrick J. Davey, 1979 |
| captive insurance management companies: Jersey International Monetary Fund, 2009-09-14 This report presents a Detailed Assessment of the Observance of the Insurance Core Principles Report on Jersey. Other than the international business, most cover is obtained from insurers based overseas by the large insurance broker community on the island. There is no ombudsman and no policyholder compensation arrangements for insurance business on the island. Jersey has its own company’s legislation, but has no local accounting or actuarial standard-setting bodies and it looks to other jurisdictions, especially the United Kingdom, for its framework of accounting, auditing, and actuarial standards. |
| captive insurance management companies: Captive Insurance Companies William A. D. Hare, |
| captive insurance management companies: Risk Management Hongmu Lee, 2021-11-25 This book outlines risk management theory systematically and comprehensively while distinguishing it from academic fields such as insurance theory. In addition, the book builds a risk financing theory that is independent of insurance theory. Until now, risk management (RM) theory has been discussed while the framework of the theory has remained unclear. However, this book, unlike previous books of this type, provides risk management theory after presenting a framework for it. Enterprise risk management (ERM) is seen differently depending on one’s position. For accountants, it is a means for internal control to prevent accounting fraud, whereas for financial institutions, it quantifies the risk that administrators can take to meet supervisory standards. Therefore, most of the ERM outlines are written to suit the intended uses or topics, with no systematic RM overviews. This book discusses a systematic RM theory linked to the framework of it, unlike previous books that were written according to topic. After the Enron scandal in December 2001 and WorldCom accounting fraud in June 2002, several laws were enacted or revised throughout the world, such as the SOX Act(Sarbanes-Oxley Act) in the United States and the Financial Instruments and Exchange Law and Companies Act in Japan. In this process, the COSO(Committee of Sponsoring Organizations of Treadway Commission) published their ERM framework, while the ISO (International Organization for Standardization) published their RM framework. The author believes that the competition between these frameworks was an opportunity to systematize RM theory and greatly develop it as an independent discipline from insurance. On the other hand, the Great East Japan Earthquake that occurred on March 11, 2011, caused enormous losses. Also, because pandemics and cyber risks are increasing, businesses must have a comprehensive and systematic ERM for these risks associated with their business activities |
| captive insurance management companies: The Captive Insurance Company ... an Emerging Profit Center Andrew J. Barile, 1979 |
| captive insurance management companies: Global Perspectives on Insurance Today C. Kempler, M. Flamée, C. Yang, P. Windels, 2010-11-14 Many risks face the global insurance industry today, including the aging populations of developed countries, competition from other financial institutions, and both disparate and quickly changing regulatory demands, to name a few. The book s contributors offer their unique perspectives on challenges confronting the insurance industry and how attendant risks can be most effectively managed. |
| captive insurance management companies: Risk retention groups common regulatory standards and greater member protections are needed : report to the Chairman, Committee on Financial Services, House of Representatives. , |
| captive insurance management companies: San Marino Country Study Guide - Strategic Information and Developments IBP USA, 2013-08 San Marino Country Study Guide - Strategic Informtion and Developments Volume 1 Strategic Information and Developments |
CAPTIVE Definition & Meaning - Merriam-Webster
The meaning of CAPTIVE is taken and held as or as if a prisoner of war. How to use captive in a sentence.
CAPTIVE | English meaning - Cambridge Dictionary
CAPTIVE definition: 1. a person or animal whose ability to move or act freely is limited by being kept in a space; a…. Learn more.
CAPTIVE Definition & Meaning | Dictionary.com
a person who is enslaved or dominated. He is the captive of his own fears. made or held prisoner, especially in war. captive troops. kept in confinement or restraint. captive animals. enslaved by …
Captive - Definition, Meaning & Synonyms | Vocabulary.com
A captive is something that has been captured and can’t escape, like a prisoner of war or a panda in a zoo.
CAPTIVE definition and meaning | Collins English Dictionary
A captive person or animal is being kept imprisoned or enclosed. Her heart had begun to pound inside her chest like a captive animal. A captive is someone who is captive. He described the …
Captive - definition of captive by The Free Dictionary
One, such as a prisoner of war, who is forcibly confined, subjugated, or enslaved. 2. One held in the grip of a strong emotion or passion. 3. A subsidiary that serves only its parent company. 1. Taken …
captive adjective - Definition, pictures, pronunciation and usage …
Definition of captive adjective from the Oxford Advanced Learner's Dictionary. kept as a prisoner or in a space that you cannot get out of; unable to escape. They were taken captive by masked …
What does captive mean? - Definitions.net
A captive is a person, animal, or object that is confined or held under control by another; this could be as a prisoner, a pet in a cage, or a thing unable to move or be moved freely. The term can also …
CAPTIVE - Meaning & Translations | Collins English Dictionary
A captive is an insurance company set up by a commercial company to write the parent company's own insurances and obtain access to the reinsurance market.
CAPTIVE | definition in the Cambridge English Dictionary
CAPTIVE meaning: 1. a person or animal whose ability to move or act freely is limited by being kept in a space; a…. Learn more.
State of South Carolina - Captive
actuarial, and investment management firms, they offer captive owners the full range of professional services required to efficiently form and effectively manage even the most …
Captive Insurance Management Companies
Captive Insurance Companies ,1976 An Analysis of Captive Insurance Companies as an Alternative in Risk Management Timothy S. Murphy,1980 Captive insurance companies …
BARBADOS INSURANCE COMPANIES - PwC
for captive insurance companies. Most international insurance companies on the island have chosen to be licensed under the Exempt Insurance Act. Currently, there are ... it will have to …
How does captive insurance help? - deloitte.com
What is Captive Insurance? A risk management strategy & solution. “Self-insurance”: a captive insurer is an insurance entity wholly owned by its insured(s). A company or group of affiliated …
Insurance Captives - KPMG
insurance undertakings to passport into EU/EEA countries. This may be done either through the setting up of a branch or through the freedom to provide cross-border services. Insurance …
A Guide to the QFC Insurance Regime For captive insurers …
regulatory framework applicable to captive insurance companies (“captives”) and to those who typically manage captives; i.e. captive insurance managers (“captive managers”). This review …
Captive Insurance Companies - cpawebengage.com
Captive Insurance Companies Taxation of a Captive Insurance Company Is a Captive right for your client? Frederick E. Turner, J.D., Founder . ... Kentucky Captive Management, LP 500 …
RISK MANAGEMENT What is Captive Insurance? - EPIC …
Sep 30, 2021 · healthcare and workers’ compensation, is also a suitable candidate for captive insurance. Captive insurance is also appropriate for companies with: • Leadership that needs …
Captive Insurance Companies: a Growing alternative method …
zations, and other business entities are relying on captive insurance companies to provide insurance and lower the costs asso-ciated with paying claims owed to third parties. Captives …
The Evolution of Captives - National Association of …
– Term “captive insurance” coined by Frederic Reiss, a property-protection engineer in Youngstown, OH in 1955 – Youngstown Sheet and Tube (formed its wholly-owned insurer, …
ENTERPRISE RISK MANAGEMENT WITH CAPTIVE …
Taxation of Captive Insurance Companies*: • Traditional Captive Insurance Companies: Insurance companies may be taxed under IRC . Section 831(a). Premium income is offset by …
3176 - Texas Department of Insurance
Insurance Code §964.001 defines the terms “captive insurance companies” and “captive management companies.” Insurance Code §964.001 defines a captive management company …
A Guide to Group Captives - Artex
A group captive is an insurance company that is owned and operated by the members of the captive, strictly for the benefit of ... • Management • Fronting reinsurance • Third-party …
Base Erosion & Profit Shifting (BEPS): why captive insurance …
why captive insurance companies are legitimate risk management solutions adding value to their owners June 2016 Executive Summary 2 Introduction 5 Captives and BEPS Objectives 6 -1- …
Captive formation and tax pitfalls - EY
Captive insurance companies are viable, powerful and efficient structures designed to better manage risk and capital, but the ... insurance, and wealth and asset management sectors. We …
CICA Best Practices COVERs
insurance coverage and made it difficult to afford. This hardening of the insurance market produced a vast growth in captive insurance companies bringing the grand total in the 1980s …
Our guide to captives - Zurich
Traditionally, captives have tended to be established by companies who have large enough premiums to warrant the annual running cost of a captive – typically, yearly premiums over …
LN01DOCS-#291232-v1-Publication Bulletin Captive …
of captive insurance companies, and advises on corporate, regulatory and tax aspects of captive insurance companies. Clients of Bryan Cave’s Captive Insurance Team include Fortune 500 …
Growing Captive Insurance Market Highlights Risk …
The formation and use of existing captive insurance companies provides a viable enterprise risk management (ERM) alternative for companies that understand their own unique risks. ... Cell …
Chapter 1
There are different types of captive insurance companies and captive arrangements that can meet the needs of the business. The following sections provide a baseline understanding of ... A …
HONG KONG INSURANCE INDUSTRY WELCOMES NEW ILS …
Captive insurance is a tool used by multinational companies for risk management and to save insurance premiums spent on an external insurance provider. The industry considers that the …
Employee Benefits & Captives – A 2020 Perspective - Aon
insurance companies . Captive Use for Employee Benefits According to Aon’s 2019 Global Risk Management Survey2, employee benefit risks captured within a captive have grown in …
Protected Cell Companies (PCC) FAQ - Marsh
a traditional Captive and a PCC Cell? A traditional captive and a PCC cell operate in a very similar way: • Both a captive and a PCC will be licenced insurance or reinsurance companies, and will …
Captive Opportunities for Healthcare Organizations - Risk
Spring is an insurance and financial services firm with expertise in a wide range of insurance and risk management disciplines. Captive insurance strategies for employee benefits and property …
INSURANCE CODE CHAPTER 964. CAPTIVE INSURANCE …
CAPTIVE INSURANCE COMPANIES SUBCHAPTER A. GENERAL PROVISIONS Sec. 964.001.AADEFINITIONS. (a)AAIn this chapter: (1)AA"Affiliated company" or "affiliate" has the …
THE CAPTIVE LANDSCAPE SEPTEMBER 2020 Captives Offer …
Many are using their captive insurance companies to help pilot them through the COVID-19 pandemic, a challenging insurance market, and other risks. Captives have stood the test of …
An Introduction to Captives - AIG
A captive: what exactly is it? Whilst numerous definitions of a “captive insurance company” abound, essentially it is an ‘in-house’ insurance or reinsurance company, formed primarily to …
THE CAPTIVE LANDSCAPE SEPTEMBER 2020 Captives Offer …
Many are using their captive insurance companies to help pilot them through the COVID-19 pandemic, a challenging insurance market, and other risks. Captives have stood the test of …
Possibilities and Pitfalls With Captive Insurance Companies
Insurance requires both risk shifting and risk distribution. Risk shifting is the actual transfer of the risk from the insured to the Captive insurance company. On the other hand, risk distribution is …
Captive Insurance May Help In A Pandemic, But Caution Is Key
planned captive insurance program is as strong as it can possibly be. Using the limited guidance provided by the IRS and analyzing the only three Tax Court cases that have examined captive …
Captive Insurance Companies - Bilzin
captive insurance companies, has almost become the norm rather than an innovation for larger organizations, following ... management tools, a captive insurance program will require pre …
Barbados - Mondaq
captive insurance companies in Barbados with USA and Canada captives accounting for approximately 70% of the total number. In addition to the traditional property ... including …
MANAGEMENT FIRMS APPROVED IN VERMONT
P.O. Box 8367 58 East View Lane, Ste 2(Courier deliveries: 30 Main St, Ste 355)
SMALL CAPTIVE CONCEPTS - Marsh
new captive formations over the past five years. • Small captives have led to significant growth in various domiciles onshore and offshore. • There are estimated to be more than 1,000 small …
Captive Insurance Application - Captive Insurance Company …
9. List domiciles where management firm has licensed and/or approved captive insurance companies under management: 10. Captive management services provided: 11. Captive …
MARSH CAPTIVE SOLUTIONS: CAYMAN ISLANDS
Solutions, a leading manager of various types of captives and insurance programs including single-parent, group, and segregated cell captives; we also have staff dedicated to Special …
European Insurance Management and Consulting Services
managing (re) insurance companies. SRS is the only captive manager that has both an ISO/IEC 27001 certification for our information security management systems, and a SOC 1 ICFR …
Captive Insurance: Advantages and Key Benefits - My Benefit …
What is a Captive Insurance Company? Captive Insurance is generally defined as an insurance company that is set up and wholly owned by a non-insurance company to act as a direct …
OKLAHOMA INSURANCE 2024 - oid.ok.gov
The Insurance Commissioner is an elected executive officer of the state of Oklahoma. OID is the lead regulatory agency overseeing Oklahoma’s insurance industry. OID pursues its mission to …
It’s a world of risk out there. - Atlas Insurance Management
Atlas Insurance Management, established in 2002, has quickly become a leader in both the formation and management of captive insurance companies for a diverse clientele. With …
BY SANDRA R. DUNCAN MEMBER-OWNED GROUP …
more accessible for smaller companies. Other types of captive insurance include group, agency, segregated cell, branch, special purpose vehicle, risk retention group, and reciprocal. There is …
Tennessee State Government - TN.gov
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Characteristics of S&P 500 Companies with Captive …
S&P 500 Companies with Captive Insurance Subsidiaries Mu-Sheng Chang* Jiun-Lin Chen** Abstract This study examines the overall characteristics of large-cap Standard & Poor’s ...
Singapore - nmg-group.com
Composite Captive licence Income Tax rates 17% ordinary tax rate 10% concessionary tax rate for offshore insurance 0% concessionary rate for offshore Captive risks Insurance Regulation …
Captive insurance in the Cayman Islands - loebsmith.com
Aug 21, 2023 · known as “Pure Captives”), Segregated Portfolio Companies (“SPCs”) and Captives with two or more shareholders (“Group Captives”) make up the largest part of …
Releasing captive value - PwC
captive insurance and reinsurance and shows how PwC Luxembourg can help you. In recent decades, a growing number of captives have been created by companies of all sizes operating …
Make the most of reinsurance captive: Luxembourg: an ideal …
A captive can be a direct-writing company or a reinsurer of fronting insurance companies. Captive reinsurance companies are commonly incorporated in Luxembourg due to regulatory and …
Possibilities and Pitfalls With Captive Insurance Companies
Insurance requires both risk shifting and risk distribution. Risk shifting is the actual transfer of the risk from the insured to the Captive insurance company. On the other hand, risk distribution is …
Medical Stop Loss Captive Layer Insurance Management
Layer Insurance Management An SRS Company Captives A captive is expected, by domicile regulators, to adhere to the same operating protocols and reporting requirements of …
Captive Basics for the Commercial Real Estate Industry - ACREL
What is captive insurance? Captive insurance is a form of alternative risk transfer A captive insurance company is a closely-held insurance company, owned and operated by its …
