A group captive is owned and controlled by a group of homogeneous or heterogeneous non-affiliated companies. A group captive can be established as a member-owned captive or can be created through a rent-a-captive approach.
Gunn-Mowery can help you navigate through the alternative market and work with you to determine if a group captive is the best choice for your company. Our experts will conduct a feasibility study to determine if the captive approach is the right choice for you.
Gunn-Mowery will work with you to determine:
- The most suitable location of the captive (taking into account important factors such as convenience, government attitude and taxation)
- The costs of managing the captive
- Outside service providers for engineering and claims, so that the overall objectives of the plan are met and allow for future diversification
- Appropriate policy issuance and reinsurance providers
For more information, contact us today.