Captive Capabilities

Captive Management

  • Bermuda's regulators understand captive business
  • Reduced capital requirements
  • Access to flexible (re)insurance structures

You need to determine whether owning your own captive is the best option for your business. We can help you decide. First, we can analyze your company’s risk-bearing ability, loss history, and risk management philosophy. We then identify captive structures that are appropriate for your business objectives and work with the (re)insurance market to optimize risk management solutions.

Overview

Services performed by a Captive Manager

  • Draft business plans, complete regulatory questionnaires and coordinate company formation submission to regulatory authorities
  • Insurance and claims administration services, documentation of reinsurance and claims settlement
  • Financial services including management accounting, financial reporting and financial analysis
  • Treasury services including fund transfers, short-term financial investing and management of collateral
  • Corporate and administrative services including the coordination of corporate meetings, liaising with external auditors, the filing of statutory statements and payment of government fees

Chubb Alternative Risk Ltd.

Chubb Alternative Risk Ltd. is a Bermuda-based licensed captive management company capable of providing the full complement of support services required for owned captive insurance companies. Additionally, Chubb Alternative Risk works with Chubb entities and brokers to develop feasibility studies for companies seriously considering the formation of a single parent or group captive.