Insurance Captives

Discover Re Specialty Marketing group (SMG) provides fronting and reinsurance unbundled captive programs. Chief benefits for captive users include: Control over insurance programs, flexibility in design of programs, and long-term stability and financial participation by program members. Programs may include limited delegation of underwriting and processing authority, or be underwritten internally by Discover Re.

Captive Types
Group Captive, Franchise/Association Captives, Program Manager/Sponsored Captives, Rent-a-Captives and Segregated Cell Captives, Risk Retention Groups

Captive Program Structures
Fronting
Provides compliant, first-dollar insurance policies by highly-rated admitted and non-admitted companies Aggregate Insurance
Provides a definable limit of the sponsor’s loss exposure and protects against a higher than expected claims frequency (capped loss ratio).
Specific Excess of Loss
Limits the sponsor’s severe loss exposure on a per occurrence basis.

Program-Related Services
Underwriting Analysis
Exposure evaluation, determine loss picks/funding, establish/enforce underwriting guidelines Regulatory Compliance
Rate, rule and forms filing, coverages, bureau statistical premium and loss data reporting
Financial Stewardship
Evaluate individual member financial stability, monitor and review financial condition of captive, monitor transfer of funds Claims
Large Loss Oversight and Consultation, evaluate TPA Competency and Compliance, process all Claim related statistical reporting, TPA Audits
Policy Administration
Policy/Endorsement issuance; Premium Audit Services New Captive Incubation
Discover Re has the experience and resources to foster the incubation of new captive programs

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