A unique approach to insurance

A "captive insurer" is an insurance vehicle, which is created and wholly owned by the business whose risks it is insuring; it is essentially a more structured and efficient way of self insuring and some of the benefits of a captive include:

• Premiums that accurately reflect the risks presented;
• Broader and simpler insurance contracts;
• Coverage for risks that are not readily insurable in the commercial market;
• Access to the reinsurance market;
• A new income stream;
• Reduced reliance on the commercial insurance market.

The beauty of a captive insurer is that it provides a way of recognising the unique risk profile of the business being insured; it can respond to your specific needs and provide exactly the cover you require.