A single parent captive is one that is owned entirely by the parent company and/or its subsidiaries. A single parent captive allows the company to control its own affairs and design a captive that allows them to meet their objectives.
Gunn-Mowery can help you navigate through the alternative market and work with you to determine if a single parent captive is the best choice for your company. Our experts will conduct a feasibility study to determine if the captive approach is the right 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
- Securing outside service providers for engineering and claims and developing a plan for future development, so that the overall objectives of the plan are met and allow for future diversification
- Appropriate policy issuance and reinsurance providers