Captives - Private Insurance for Business
Businesses with effective risk management processes often pay exactly the same expensive premiums as those without. When a claim arises, the traditional insurer controls your legal efforts, your settlement and the claim's final cost - often without considering its validity or any potential damage to your company's reputation. In addition 40% of your commercial premium dollar goes to insurer expenses and profits.
Captive Benefits
A Captive Insurance Company is a private insurance company designed to insure the risk of an owners' business entities, giving much greater control over premium budgeting, cash flow and loss settlement - while building a tax efficient investment fund.
Cash flow improvements are achieved in a number of ways.
A focus on risk management, safety and loss control
inherently offers financial reward.
Successful loss control results in underwriting profits
Invested premiums result in investment gains
Reducing expense factors by more than 25% can
save significant cash
Premium tax deductions can be substantial
With a captive, business owners can:
Fund selected self-insured risks
Eliminate commercial insurer high expense loads
Transfer high risks to traditional insurers
Leverage government-provided tax incentives
Build tax-deferred resources to fund growth
Setting up a captive insurance company can involve layers of complexity. That's why business owners turn to Captive Alternatives for help in creating and managing the innovative Protected Captive™.
Why Cap Alt?
Today, CapAlt manages more than 130 Protected Captive insurance companies. Due its unique Puerto Rico insurance structure, CapAlt can build a new Protected Captive in weeks rather than months.
CapAlt follows a time-tested traditional insurance
structure with an insurance company issuing policies
to the insured, and then ceding reinsurance to the
captive structure.
Underwriting and Pricing is done through a
Professional Actuarial firm. Captive financial
statements are prepared by an external CPA firm.
CapAlt operates a sophisticated Protected Captive
banking structure and works closely with Morgan
Stanley, and other premium brands, to provide
banking services.
The CapAlt program is set up in Puerto Rico under
innovative International Insurer rules. It offers a
number of alternative captive structures such as the
Sec 831(b), and the Puerto Rico International Insurer
model.
The CFO of CapAlt has been working with captive
insurance for 30 plus years, including managing a
portfolio of Big Pharma international captives and
serving as a Divisional CFO with Zurich Insurance.
He is also a former B2B CFO®.
Join us at the 2016 B2B CFO® conference to learn more about captives and how they can help your clients. Hear a panel of B2B CFO® Partners describe their clients and captive success stories.
Contact Information
Visit Us: www.captivealternatives.com/
Mark Sims
Captive Alternatives, LLC
VP Sales
10 Glenlake Pkwy
South Tower, Ste 140
Atlanta, GA 30328
Office (404) 823-6200
Cell (812) 327-3341
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