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Dan Towle
I'll be attending RIMS Annual Conference, April 27-30 in Denver, CO.

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Why Form a Captive?

A captive insurance company represents an option for many corporations and groups that want to take financial control and manage risks by underwriting their own insurance rather than paying premiums to third-party insurers.

The advantages of going captive are:

  • Coverage tailored to meet your needs
  • Reduced operating costs
  • Improved cash flow
  • Increased coverage and capacity
  • Investment income to fund losses
  • Direct access to wholesale reinsurance markets
  • Funding and underwriting flexibility
  • Greater control over claims
  • Smaller deductibles for operating units
  • Additional negotiating leverage for underwriters
  • Incentives for loss control
  • Alternatives to costly practice of trading dollars with underwriters in the working layers of risk
  • Tremendous flexibility in managing risk