Ocorian strengthens Capital Markets team
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Sherman Taylor, Client Director details the key benefits of an effective captive insurance company and why it is an attractive option for businesses.
A well-run captive can be an effective risk management tool, reducing group insurance costs for the captive owner. However, the commercial rationale for incorporating and establishing a captive extends beyond profit considerations, and the current insurance hard market cycle has created new industry buzz about captives.
Benefits for the captive owner include:
The ability to influence pricing is another benefit of owning a captive. Large rate increases were evident in the latest round of insurance renewals, and it is unlikely that rate will come down in the near future as insurance and reinsurance companies are still dealing with the impact of major loss events spanning the past four years. It is highly anticipated that pandemic losses will exacerbate the situation and drive even more interest in captives. If you are thinking of establishing a captive insurance company, find out the key elements you need to consider here.
Captive solutions
Our team provide a suite of legal, administration and fiduciary services to the ILS and captive market from our Bermuda, Cayman and BVI offices, ensuring that all structures remain compliant with applicable regulations in each jurisdiction. We add value throughout the life cycle, from incorporation and licensing, to unwinding and voluntary liquidations when the structure ends its natural life - precision and technical expertise has been the hallmark of our service offerings to this important global industry. If you would like to discuss how we could support your captive needs, please get in touch or learn more here.
Ocorian appoints Head of Capital Markets EMEA
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Ocorian's Gold Excellence winners
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ESG focus set to intensify in the capital markets direct lending sector
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