Sentences with phrase «captive insurer»
A captive insurer refers to a company that is formed by another company to provide insurance coverage exclusively for itself and its subsidiaries. It is like creating a separate insurance company that is controlled by the main company to insure against risks that are specific to its business. Full definition
We continue to analyze and manage large, repetitive and / or complex exposures for property and casualty carriers and for captive insurers.
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In recent years, businesses and individuals have discovered the benefits of captive insurers and risk retention groups (RRGs).
Why should asset managers care about captive insurers?
In the present time, that has led insurers to raise prices on such developments, and / or refuse to insure, allowing state - sponsored captive insurers to absorb the risk on behalf of the taxpayers.
High Court proceedings regarding interaction of US asbestos trust with English law insurance and reinsurance policy (for captive insurer).
Reputational risk: Quantifying damages How do you fund a captive insurer?
Why does Disney own a captive insurer in Vermont?
By creating a captive insurer, they get a policy with a limit and the ability to anticipate and control risk.
Most people who don't have renters insurance haven't made a choice to self - insure per se, and they have no desire to do something patently ridiculous like start a captive insurer to cover their own liability risk.
In addition, we provide risk management and claims management services to captive insurers and RRGs, which often times need to outsource some or all of these functions.
He acts for insurers, reinsurers, brokers, and major corporate insureds and their captive insurers.
We act for insurers and reinsurers, as well as for major insured companies and their captive insurers and brokers.
In the 1990s, the Solicitors Indemnity Fund («SIF»), the captive insurer for lawyers in England and Wales, was experiencing significant debt.
A couple of days later Cindy does indeed get the 20 year term life quote from their captive insurer.
By creating a captive insurer, they get a policy with a limit and the ability to anticipate and control risk.
Why does Disney own a captive insurer in Vermont?
Most people who don't have renters insurance haven't made a choice to self - insure per se, and they have no desire to do something patently ridiculous like start a captive insurer to cover their own liability risk.
As far as self insurance go do you have the scale to make it a captive insurer?
Assuming you really mean «self - insure,» a good rule of thumb is that setting up a captive insurer only makes sense if you pay between $ 100 - $ 500k per year in premiums.