SETTING UP A CAPTIVE （ IN-HOUSE INSURANCE COMPANY ）
Service for corporations like these:
A corporation that expands its businesses globally with large risks and accordingly large size of yearly insurance premiums
A corporation that is anxious over whether the ERM (Enterprise Risk Management) has been properly implemented, while the expected risk for its businesses is rather large.
A corporation that hopes to comprehensively manage the risk of multiple business entities.
Overview of service
By setting up a captive (in-house insurance company), your own reinsurance company, your potential risks can be revealed through its planning.
A captive will be set up and operated in a captive domicile (the place to set up one in) overseas backed by the world reinsurance market.
There are many cases you can find beneficial possibilities for management of your company such as insurance premiums or expansion of coverage by utilizing a captive
Though it will be a highly specialized risk management scheme, we can construct a seamless operational system with a team comprised of both domestic and overseas specialists through our global network for you if outsourced to us.
Supporting application / approval operations in setting up a small-amount / short-term insurance company
Evaluating your company’s system of risk management
Supporting application to / approval by Finance Ministry in each of the countries
Negotiating terms with domestic non-life insurance companies to be an underwriter
Proposal of revising an existing captive (pure captive, rent-a-captive, cell captive, association captive, etc.)
Supporting the change / transfer of an existing
Advantages to set up captive
Directly accessing the reinsurance market through an in-house insurance company is possible
You’ll be able to realise the potential risks of assets with an in-house insurance company.
Comprehensively controlling the risk of all the group companies.
You will be able to underwrite specific-risk insurances that is hard / impossible for the general insurance market to underwrite.
Depending on the domicile the captive is to be set up in, you can also arrange the tax regime or operational style to be fitted to your needs.
Examples of captive domicile
Asia / Oceania: Labuan, Singapore, Hong Kong, Micronesia, etc.
Bermuda, Caribbean Sea: Bermuda, Cayman Islands, British Virgin Islands, Barbados, etc.
North America: State of Hawaii, Vermont, South Carolina, etc.
Europe: Guernsey, Jersey, Luxemburg, etc.
Actual example of captive 1
Client A: manufacturer with overseas subsidiaries
The insurance for each owned real estate and its subsidiaries was all individually managed which made towering premiums.
a captive in-house insurance company has been set up with an overseas subsidiary as its parent company, in order to be able to comprehensively manage the fire insurances for a tremendous number of owned real estates.
For those companies please contact us
Companies with a large risk to exposure due to overseas operations.
Companies who wish to manage their risk management system.
Companies who wish to consolidate their risk with one or miltiple entities.