Primer on the Structure and Ownership of Captives. Captive Defined. A closely held insurance company controlled by its owners … ... offering insurance products or reinsurance support to its owners as the principal beneficiaries ...
A closely held insurance company controlled by its owners…
... offering insurance products or reinsurance support to its owners as the principal beneficiaries...
...and the owners-policyholders actively participate in decisions influencing underwriting, operations and investments.
CoverageCaptives are Established to EitherInsure or Reinsure Risk
AgreementCaptives as part of an integrated and complex risk financing program
*Some Non-RRG groups offer direct insurance coverage as a non-admitted foreign carrier.