A captive insurance company (captive) is a real insurance company created by a business or its owners to primarily provide property and casualty insurance to affiliated businesses. Because captives are usually owned by the same economic interests that own the operating business, the captive can be considered a “formal” method of self-insuring various risks. Captives have been around for at least 70 years and have commonly been used by large businesses for decades. Because the cost and regulatory burden of operating a captive has declined considerably in recent years, smaller businesses can now benefit from them as well. To legally sell insurance, captives must be licensed by the state in which they operate or another appropriate jurisdiction.

Types of Captives

• Single Parent (Pure) Captive: formed primarily to insure the risks of its parents or affiliates.

• Association Captives: formed by a trade, industry or service organization to insure its members.

• Group Captives: formed to insure the risks of multiple companies, related or unrelated.

• Rent-a-Captive: formed to allow companies access to captive “benefits” who otherwise wouldn’t have access.

• Protected Cell (Segregated or Series) Captives: allow for the segregation of assets and liabilities among different cells and their parent. Each cell must, individually, meet the definition of an insurance company.

Captive Solutions We Offer:

• Artex Captive

• Captive Resource Insurance Group