Captive Insurance Programs
MGU SRS is uniquely qualified in the Captive Insurer arena. Senior management members each have over 20 years of specific captive experience. The team provides and specialize in:
What is a Captive?
Generally speaking a captive is an alternative to self-insurance and particularly the commercial market. A captive is domiciled in a particular jurisdiction to maximize the value to the client. Historically Captives were domiciled only "off-shore" but more recently several states have become more "friendly" toward captives with passing of legislation to try and keep business (and the dollars) closer to home. The captives can take several forms to include parent, cells, segregated portfolios, sponsored and non-sponsored single parent, group, association and agency captives. There are also "rent-a-captive" relationships.
A captive may be a good choice for you as it can allow you to: