Praxis Capital and Investment Management
Captive Insurance
PCIM can work diligently with Law Firms, Actuarials, Accounting Firms, Reinsurance Companies and other Professionals to collaborate on evaluating the implementation and formation of Captive Insurance companies. PCIM is capable of managing Captive Insurance company assets in line with stated Investment Policy Statements.
A Captive Insurance company is an insurnace company created by business owners with the directive of insuring the risks of their parent company. There are many reasons to consider a captive insurance company.
Overviewing Captive Creation and Management:
Determine if a captive might benefit you or your company
Education on proper captive investment management styles for IPS
Prepare, Evaluate or Revise an Investment Policy Statement for your Captive
Assist with the Investment Management of your Captive
Help finalize the design and implementation of the Capitve Insurance Company
Captive Formation Steps:
Complete a feasibility study and asssess the biability of proposed alternative risk programs
Review current insurance programs
Prepare Captive Financial Proforma
Complete Captive-Corporate Tax Analysis, Preliminary Business Plan, business case for insunrace offering, limits, rules, underwriting details and rates.
Analyze the Legal Strucutre of the Captive, and perhaps domicile
Analyze the Current and Proposed Reinsurance Program (if applicable)
Prepare and Submit License Applications - varies by Jurisdiction
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