Insurance is an integral part of any business. At Capital Investment Company (Bermuda) Ltd. (CIC), we understand that an alternative risk management product (e.g., a Captive), when properly structured and managed, has proven to be a valuable financial resource. The formation of captive insurance and reinsurance companies establishes the potential of a broader control over the management of insurance and insurance cost stability, through risk management, resulting in distinct and tangible benefits for the captive owner.
A Captive Benefits Analysis (CBA) is a low-risk, low-cost way to evaluate the potential benefits of a captive company, and CIC would welcome the opportunity to perform such an evaluation.
Experience has also confirmed to CIC that once the captive has run its useful course, a mechanism needs to be established to obviate unnecessary costs at closure. CIC’s sister company, Captech Reinsurance Company Ltd. (CRC), Segregated Account Company (SAC), provides a mechanism for solvent run-off arrangement.