Risk & Captive Management
A Captive Insurance Company may be described as ’a limited purpose, wholly owned insurance subsidiary of an organisation not in the insurance business, which has as its primary function the insuring of some of the exposures and risks of its parent or parent affiliates.
There are generally speaking two main reasons why a captive insurer may be formed:
- dissatisfaction with conventional insurance markets; and
- the ’benefits’ of a captive
The former will tend to embrace:
- volatility of insurance prices and capacity;
- inequitable rating structures;
- unavailability of cover;
- unacceptable rating;
- inadequate service.
Through our dedicated captive management company, Normandie Risk Management Limited; we are able to manage captive insurers in both Guernsey and Jersey. Our comprehensive range of services include:
- insurance audits;
- captive feasibility analysis;
- captive insurance management;
- secretarial and administration support;
- financial reporting;
- statutory and regulation compliance
Further information is available by following the link and for assistance or to discuss a proposal, please contact us or complete an enquiry form