Alternative Risk and Captive Programs

From group captives to large deductible and self-insured programs, HWI provides the in-house resources to provide the most suitable program structure as well as the most efficient transfer and retention of risk. Our groups of professionals cover a variety of alternative risk programs, providing cost savings through dividends and investment income, reduced volatility, and greater control of the claims process. Our captive services include:

  • Feasibility Studies -Discovery Phase
  • Collateral Review Projection
  • Detailed Analysis of Claim and Reserve Allocation
  • Program Structure Design Options

Single Parent Captive 

  • These are companies with a single owner to whom the insurance coverage is provided. An inside risk manager or financial officer at the parent company is typically responsible and will monitor them closely. A domiciled captive insurance manager will manage the captive.

Association Captive

  •  A type of captive insurance company where the primary purpose is the insurance of the risks of members of an association that either owns or sponsors the captive. Ownership rests with the association or individual members.

Rent-a-Captive 

  • An arrangement where a captive insurer "rents" its services to an outside organization, in order to provide the benefits a captive offers without the financial burdens that a captive typically requires. With a fee based arrangement in place (typically a percentage of the premium paid by the renter), certain captives agree to provide a full suite of risk solutions including but not limited to the underwriting, rating, claims management, accounting, reinsurance, and financial expertise to unrelated organizations.

 Protected Cell Company

  •  Referred to as a sponsored captive or rent-a-captive, which maintain separate and distinct underwriting accounts for each participant. Sometimes referred to as protected cell captive (PCC) or segregated cell insurer. If the cells are legally segregated, they may be used to securitize risk.
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