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Captive Insurance Company Definition

A captive insurance company is a form of corporate "self-insurance."While there are financial benefits of creating a separate entity to provide insurance services, parent companies must consider ...…

What Is Captive Insurance? Captive.com

Aug 08, 2018 · A "captive insurer" is generally defined as an insurance company that is wholly owned and controlled by its insureds; its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer's underwriting profits.…

Captive Insurance Companies - The CPA Journal

Because of the prevailing state insurance regulations in the 1950s, Reiss’s initial captive insurance company was established in Bermuda. Thus, the initial growth of the captive insurance industry was offshore, and many still believe that captives are a strictly offshore business phenomenon.…

Captives 101: What Are They, and Why Do I Want One ...

Jan 01, 2002 · The accepted definition of a "captive," an insurance company that is owned by the insured, is true, but not useful for decision making in a time of challenge. To begin, let us be clear that captives are all about money. You want one to make money. It will cost money to have one. You will pay your own losses, come what may.…