Captive Management

SRS provides a full range of captive management services to assist owners in the formation of captives and their on-going operation. Our services are tailored to fit the needs of individual clients.

Formation/Licensing

  • Business plan preparation
  • Application preparation and filing
  • Assistance with selection of service providers
  • Development of governance structure
  • Development of captive operating manual

General Management Services

  • Board meeting services including coordination of meetings and preparation of materials
  • Provision of local office
  • Local director services
  • Captive extranet

Financial Services

  • Maintenance of  accounting and financial records
  • Preparation of management accounts
  • Preparation of annual budget
  • Cash management services
  • Premium tax filings and assistance with income tax preparations and other tax issues

Regulatory Compliance Services

  • Ensuring regulatory compliance in the local domicile
  • Preparation and filing of regulatory reports
  • Maintenance of records in accordance with regulatory requirements
  • Responding to regulatory examinations and inquiries

Insurance Services

  • Issuance of policies and/or certificates of insurance
  • Liaison with insurance brokers
  • Reconciliation of ceded reinsurance
  • Preparation of analytic reports including benchmarking and cause of loss reports
  • Management of exposure and loss data

We enforce a strict peer review process to ensure the accuracy and quality of our work. All clients receive an annual stewardship report detailing our activities during the year.