New Captives

Turning Risk into Reward with Expert Captive Management

man signing document

Are you facing the challenges of establishing a new captive insurance company?

You’re likely navigating unfamiliar risk landscapes:
  • Comprehending complex risk environments
  • Determining how to align your captive with evolving business needs
  • Managing regulatory hurdles
Then, there's the added pressure of proving its value to stakeholders, including CFOs with limited captive insurance knowledge.

To navigate these challenges effectively, you need a captive that’s a proactive, strategic tool. You must develop a solution that aligns with your financial and risk priorities and demonstrates clear value to all stakeholders.
schedule a consultation
Peter Child headshot
At SRS, we empower businesses to control and leverage risk through alternative insurance solutions with unparalleled advice and management.
download our brochure

25 Years of Global Captive Management

globe
Global Reach with Local Expertise

Our presence spans across the globe, with locations in North America, South America, Europe, and Caribbean islands. We can effectively manage your captive, no matter its location.

Our extensive expertise in different domiciles means we can navigate various regulations and offer education on the nuances of each.

icon
Domicile-Neutral Approach

Recognizing that each business has distinct requirements, especially for those new to captives, we employ a domicile-neutral strategy.

This approach provides the flexibility to select any leading onshore or offshore domicile for your captive, ensuring it aligns perfectly with your needs and regulatory landscapes.

shakehand
Customized Partnership Model

We focus on building a close partnership to understand your specific needs and challenges, which is especially important for those new to captives.

Our commitment is to implement practical and sustainable solutions effectively, delivering real value to your business.

Chat icon
Combining Management and Consulting Expertise

Our approach to captive management goes beyond routine operations. We integrate top-tier management services with comprehensive consulting support.

You receive day-to-day management and gain access to strategic advice and support tailored to your new captive's specific needs and objectives.

Your Path to Captive Insurance

schedule a consultation
  1. Schedule a Consultation

    Begin by scheduling a consultation with our experts to explore if a captive is the right solution for your organization

  2. Establish Your Captive

    Following the consultation, we'll collaborate with you to establish your captive insurance company, ensuring it aligns perfectly with your organizational goals.

  3. Navigate Risk & Control Costs

    Benefit from our expertise, dedicated team, and ancillary support to effectively manage risk and optimize cost-saving opportunities.

Our Services

Captive Consulting
Receive personalized consulting services tailored to your new captive, guided by our team of expert consultants. You'll have direct access to strategic advice and customized solutions, ensuring your captive is continuously aligned with and actively supporting business objectives.

Comprehensive Feasibility Consulting

Receive expert evaluations and thorough pre-feasibility assessments. We’ll develop loss projections with actuaries and offer detailed analyses, including:

• Premium development
• Program design
• Cost-benefit analysis
• Domicile comparison
• Financial pro formas

Our commitment extends to business plan development, capital, and collateral assessment, including negotiations with fronting companies and helping identify and select service providers.
Ongoing Expert Support

With SRS as your insurance company manager, you benefit from continuous support tailored to your new captive’s growth and development with services such as:

• Annual premium development
• Collateral estimation and negotiation
• Policy wording drafting
• New member underwriting for group captives and RRGs

You’ll also get strategic analysis for new coverage lines, re-domiciling, and restructuring, keeping your captive responsive to changing business landscapes.

Captive Management
Each office is staffed with top-tier captive professionals, guaranteeing you receive expert management that’s specifically tailored to the unique needs of your region and business sector.

Our operations are strategically organized to prioritize regional strengths while maintaining local staffing. You benefit from a globally informed and locally adept service.

Governance, Risk, & Compliance
Receive international top-tier governance, risk, and compliance (GRC) services from SRS. No matter where your business operates, you can access the best in the field.

Our GRC services include:
• Regulatory compliance
• Internal audits
• Independent governance reviews
• Board effectiveness guidance and training
• Company secretary services
• Independent directorships

Each service is tailored to meet your new captive’s specific needs and effectively support your business’s goals and strategies.

Captive 360°
Maximize your new captive’s potential with SRS’s Captive 360°, a unique approach to strategic planning.

This service provides the tools and insights to extract more value from your captive's operations.

Key Benefits of Captive 360°:
• Expert Analysis: Analyze your captive's operations, identifying key opportunities for enhanced value with our seasoned facilitators.
• Focused Action Plan: Receive a clear, actionable plan within 30-45 days, crafted using our proprietary tools, designed for immediate impact.
• Time-Efficient Sessions: Your time is valuable. Optimize for maximum efficiency and effectiveness with five structured sessions.
• Accountable Implementation: Initiatives are assigned leaders for focused execution, ensuring measurable progress.
• Quantifiable ROI: Track the success of implemented actions with clear ROI metrics.

Captive 360° is a positive disruptor to help you get more out of your captive, regardless of type.

Medical Stop Loss

Writing medical stop-loss coverage in a captive is a growing solution for large companies and small to mid-size employers.

Lower fixed expenses and retain underwriting profits that typically go to the carrier.

By integrating Medical Stop Loss into your new captive, you can effectively reduce your overall costs year-over-year. Turn a traditional expense into an opportunity for savings and profit retention. 

Our Services

Captive Consulting
Receive personalized consulting services tailored to your new captive, guided by our team of expert consultants. You'll have direct access to strategic advice and customized solutions, ensuring your captive is continuously aligned with and actively supporting business objectives.

Comprehensive Feasibility Consulting

Receive expert evaluations and thorough pre-feasibility assessments. We’ll develop loss projections with actuaries and offer detailed analyses, including:

• Premium development
• Program design
• Cost-benefit analysis
• Domicile comparison
• Financial pro formas

Our commitment extends to business plan development, capital, and collateral assessment, including negotiations with fronting companies and helping identify and select service providers.
Ongoing Expert Support
With SRS as your insurance company manager, you benefit from continuous support tailored to your new captive’s growth and development with services such as:

• Annual premium development
• Collateral estimation and negotiation
• Policy wording drafting
• New member underwriting for group captives and RRGs

You’ll also get strategic analysis for new coverage lines, re-domiciling, and restructuring, keeping your captive responsive to changing business landscapes.

Captive Management
Each office is staffed with top-tier captive professionals, guaranteeing you receive expert management that’s specifically tailored to the unique needs of your region and business sector.

Our operations are strategically organized to prioritize regional strengths while maintaining local staffing. You benefit from a globally informed and locally adept service.

View our locations:
North America
South America
Europe
International
US Domiciles

We manage captives in all leading US domiciles operating through two regional US business units.

SRS East manages captives domiciled in the eastern United States. The business is headquartered in Vermont, where we have been managing captives since the early 1990s and are the largest independent manager in the domicile. We also have a physical presence in Washington, DC; Charlotte, NC; Nashville, TN; and Charleston, SC. In addition to those domiciles our SRS East team manages captives in Delaware, New Jersey, Alabama and Georgia.

SRS West manages captives in domiciles in the western United States. The business is based in Scottsdale, AZ with satellite offices in Hawaii and Texas. SRS West also manages captives in Missouri, Michigan, Oklahoma, Utah, Nevada, and Montana.
International Domiciles

SRS Barbados manages captives and other international businesses domiciled in Barbados. SRS entered the Barbados market in 2017 with the acquisition of CGE Group a leading independent management company, which has been in operation in Barbados since 2003.

SRS Bermuda manages captives and several commercial reinsurers domiciled in Bermuda. We have been managing captives in Bermuda for over 20 years with a continuous physical presence in the domicile during that time. In 2020, SRS expanded its operations in Bermuda, with the acquisition of another leading independent manager headquartered in Bermuda.

SRS Cayman manages captives domiciled in Cayman. SRS has been managing captives in Cayman with a physical presence in the domicile since 2003. We are currently the second largest manager in Cayman and the largest independent.

SRS Europe was launched in 2017 to manage consulting and management operations in European domiciles and for European captive owners. Our European operations are headquartered in Dublin, Ireland with offices in Guernsey, Luxembourg, Malta, Switzerland and the Netherlands.

Governance, Risk, & Compliance
Our governance, risk and compliance (GRC) practice provides consulting services to a variety of risk bearing entities from captive clients to commercial insurers. With consultants in the US and Europe, our GRC services are provided both internationally and in the US. These services include:

• Regulatory compliance
• Internal audit
• Independent governance review
• Board effectiveness guidance and training
• Company secretary
• Independent directorships
Captive 360°
Captive 360° is a proprietary approach to captive strategic planning available to all captives, not just companies currently under SRS management. Maximum value is realized by strategically analyzing every aspect of a captive’s operations and acting on the most important items.

SRS facilitators with decades of experience deploy Captive 360° to strategically analyze every aspect of a captive’s operations, helping captive owners and stakeholders get more value of their captives. Our proprietary methods, materials, and software deliver a plan in 30-45 days that is focused and actionable, then follow up through the remainder of the yearlong engagement to sustain momentum on implementation. Highlights of this service include:

• Our proprietary methods, materials, and software deliver a plan that is focused and actionable.
• Objectives are prioritized, a handful of initiatives are selected for implementation, and each project is assigned a champion and manager to ensure accountability and drive results.
• We value your time. The five structured sessions are designed for efficiency, to make the most of your time commitment.
• Captive 360° measures the value delivered by the focused action items, so you have a clear view of return on investment at the end of the engagement.

Captive 360° is a positive disruptor to help you get more out of your captive, regardless of type.
Medical Stop Loss

Medical Stop Loss: The use of captives for healthcare.

Writing medical stop loss coverage in a captive is a growing solution for both large companies and small to mid-size employers. It allows its owner to potentially reduce fixed expenses and retain underwriting profits that the carrier otherwise keeps. Combined, the captive owner can reduce year-over-year costs.

Download our brochure for more information.

Don’t constrain your growth and risk management potential.

The effectiveness of your captive's management and strategic direction is vital to its success.

A misalignment can lead to…
• Limited options and reliance on market capacity.
• Failure to monetize and losing control over assets.
• A captive that lacks exceptional service.

Instead, ensure your new captive proactively meets and anticipates your financial and risk challenges.

Reduce the total cost of risk with strategic, tailored solutions that align with your organization's specific needs and goals.
Establish a trusted partnership with SRS.
schedule a consultation
happy man at computer
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram