Insurance Captives

Cedar Consulting is a management-owned captive consulting firm based in Cleveland, Ohio.

We provide a full spectrum of captive feasibility, company organization and management services to agencies, associations and individual insureds. Our services include current program analysis and recommendations to align captives with overall organization strategic goals.

In concert with our affiliated company, Cedar Management, we provide a full range of captive management services in Bermuda.

With an aggregate experience of over forty years, AMS’ captive management team is drawn from complimentary backgrounds of underwriting, insurance broking, captive management, risk management and finance. Our dedicated team of four is the largest captive team in the British Virgin Islands.

Our captive experience is not limited to the BVI. Team members have worked in other domiciles including Bermuda, working with blue-chip clients and have developed a global understanding of the captive market. We boast the only fully qualified Chartered Insurer and risk manager among the BVI captive managers.

AMS provides all captive formation and management services and targets the larger more complex accounts requiring added value services rather than pure compliance. We conduct feasibility and program-design assignments and arrange fronting and reinsurance. We have the in-house capability to design innovative insurance programs and draft manuscript wordings for unique risks.

We are an independent specialist captive manager applying an autonomous experience-driven and plain English approach to captives. Since our team is drawn from complimentary yet highly relevant disciplines that contribute to captive management, we develop strong personal relationships with clients with no need for distant parent group resources or time consuming referral.

Camelback Captive Services, Inc. provides an array of captive management services on a bundled and unbundled basis. This helps us avoid potential conflicts of interest. We use our own resources and those of highly qualified independent service providers.

Camelback Captive Services, Inc. is headed by Richard P. Marshall who has over 25 years experience in the alternative risk transfer mechanism arena, both in the private and public sector.

Most recently, he was the Arizona Department of Insurance’s first captive insurance administer where he was responsible for the development, licensing and monitoring of Arizona-domiciled captives and risk retention groups. Twenty-four licenses were issued during his two year tenure.

Previously, he held senior management positions with several insurance organizations, including Meadowbrook Insurance Group and Frontier Insurance Group focusing on captives and other forms of alternative risk transfer mechanisms, both domestically and off-shore.

Currently, Camelback manages Captives and Risk Retention Groups in Arizona, District of Columbia and Delaware.

A recent study by the Corporation for Enterprise Development ranked Utah among the top eight states in terms of economic performance, business vitality, and development. Utah has the best captive legislation in the United States.

Utah offers a business friendly working relationship with its regulators, and is easily accessible from any part of the United States.

Why not form your captive in Utah which has the lowest tax rate, most favorable captive legislation, the best regulators in the United States and the best snow in the World? Look into the Utah Advantage.

Since 1997, the Utah Captive Team has provided the Captive Insurance needs for its clients including Feasibility Analysis, Formation, Implementation and Management of captives.

COMPETENCE, INTEGRITY AND INNOVATION

Active Captive Management specializes in the formation and management of captive insurance companies for small and medium size companies. Combining over 3 decades of Captive Risk Solutions talent and experience, ACM provides risk transfer solutions in the following industries; Real Estate Development, Healthcare, Fuel and Oil, Nursing Home’s, Manufacturing, Automotive, Agriculture and Franchising, to name a few.

Active Captive Management is an approved captive insurance manager in the States of Utah, Kentucky, Delaware, Nevis and the British Virgin Islands.

Active Captive Management provides the expertise to form, manage and operate your captive, enabling ownership to retain focus on primary business entities, while engaging a team of experts in the captive industry to effectively manage the compliance, regulations and financial aspects of the supporting captive. ACM’s services assures you will be in a position to capitalize on this viable risk management solution as well as the tax incentives Congress has provided, as has been done by a growing number of large US corporations and multinationals.

Caledonian Insurance Services Limited (CISL) provides the full range of captive management services including captive consultancy, formation and managerial services as well as risk management and risk financing services to companies interested in reaping the rewards of increased risk retention.

CISL benefits from its close association with the Caledonian Group, a well known and respected financial services company headquartered in Cayman, with branches in New York and the Isle of Man. Amongst other financial services the Caledonian Group provides banking and trust and funds administration. This association allows CISL to provide a seamless service drawing on expertise both from its own highly qualified risk management professionals, and a wide range of related professional expertise.

Contact details
Conor Jennings
Managing Director
Caledonian Insurance Services limited
Caledonian House, 69 Dr. Roy’s Drive
P.O. Box 1043 GT
Grand Cayman, Cayman Islands

HSBC Insurance Management (HIM) provides captive management, captive feasibility studies, registration and incorporation of captives, general representation in domiciles all over the world, secretarial, accounting and underwriting support as well as assistance with service provider selection, statistical analysis and liaison with regulators.

HSBC Insurance SPC is a “rent-a-captive’ facility licensed and domiciled in the Cayman Islands under the Segregated Portfolio Company legislation. Branches of this company have also been established in Bermuda and Guernsey. We also provide brokerage services in Bermuda through HSBC Insurance Services (Bermuda) Limited including captive fronting and reinsurance and a full array of alternative risk financing products. Full investment, asset arrangement and banking services are available through members of the HSBC Group.

HSBC Holdings plc is one of the world’s largest banking and financial services organizations, with major personal, commercial , corporate and investment banking and insurance business operating in the Americas, Asia-Pacific region, Europe, the Middle East and Africa. Headquartered in London, the HSBC Group has more than 5.000 offices in 82 countries and territories and over 130,000 employees. At year end December 31, 1999, the Group’s assets were $569 billion with pre-tax profit of $7.982 billion.

Since 1983, Champlain Captive Management (CCM) has administered diverse insurance coverage for captive insurance companies. CCM is a Vermont-based, independent captive manager with business in Vermont and other domiciles.

The company provides comprehensive administration services, financial accounting and regulatory compliance. CCM delivers superior captive management services and communication among and between key players. Our services include:

• Pre-feasibility Study
• Application preparation & Licensing
• Financial Accounting Services (GAAP & Statutory)
• Regulatory Compliance
• Administrative Services
• Coordination with other service providers, including legal, actuarial and audit
• Claims Oversight
• Help in finding a fronting or reinsurance placement

Fifth Third Bank now offers a full range of financial products to the captive insurance industry. We recognize that you work hard to manage your captive insurance program to minimize premium and administrative expenses, as well as collateral requirements.

With our full service suite of financial products, Fifth Third Bank will work relentlessly to unlock the hidden potential within your program so that it may reach its maximum capability tomorrow.

Here are some of our capabilities:

• Reinsurance Trusts
• Letters of Credit
• Deposit Accounts
• Investment Management Services
• United States and Foreign Office Capabilities

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The Wells Fargo Insurance Trust group is the world’s premier provider of insurance trusts, reinsurance trusts, insurance escrows, and surety escrows. Our group has been involved in the establishment and administration of over 600 insurance and surety related trusts. These trusts have saved our clients over $400 million in credit fees.

We specialize in collateral alternatives and posses the most knowledgeable Insurance Trust servicing team in the industry, enabling us to meet all your insurance collateral related needs. We offer personalized service along with insurance and product expertise that sets us apart from other banks.

Insurance carriers and regulators generally require that corporations involved with self-insurance programs (e.g. Deductible and Captive Insurance Programs) demonstrate that they will always be able pay the claims that they are responsible for. They do this because they don’t want the insured parties to be left “out in the cold” should the corporation not be able to meet their obligations.

Historically, corporations have posted letters of credit to demonstrate their ongoing ability to pay claims. These letters of credit act as collateral. However, they are expensive, increasingly difficult to obtain, and they encumber the corporation’s credit lines.

The Wells Fargo Insurance Trust is a less expensive alternative to Letters of credit. It does not tie up the corporation’s credit lines, and it is accepted by the regulators and most insurance carriers. Here is how it works:

The corporation, the insurance carrier, and Wells Fargo enter into a tri-party agreement in which Wells Fargo acts as the Trustee. The corporation deposits cash (equal to what the letter of credit would otherwise have been) into an account and names the insurance carrier as the beneficiary of the trust. Should the corporation not pay out their claims, the trust money is used to cover the costs.

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