Captives
As risk management has established itself on the corporate agenda, so the captive has come to prominence as an effective and efficient mechanism for establishing greater control over risk transfer, risk allocation and risk financing strategies.Since the first captive-type structure in the 1920s, the self insurance vehicle has continually evolved to meet the ever-changing demands of the corporate environment. It is an integral part of the strategic planning of most large companies, and plays an increasingly prominent role in the self-insurance strategies of many smaller organisations.
The captive advantage
At Kane, we firmly believe that combining the many benefits of captives and other risk financing structures, such as reduced overall insurance spend, centralised risk control and bespoke coverage, with more traditional insurance and reinsurance products provides an extremely attractive option for today’s insurance buyer.
Our captive team offers a wealth of experience in establishing and managing captives and other self-insurance structures, including protected and incorporated cell companies. We have advised a range of large international corporate clients on all aspects of their captive strategy, including formation, implementation and the ongoing renewal of complex captive programmes.
Working in partnership
Central to our success is the strength of our client partnerships. Every relationship is founded upon a comprehensive understanding of the individual aims and objectives of the organisation, which enables us to successfully tailor an effective risk financing strategy.
We have also forged value enhancing partnerships with re/insurance brokers and lead insurers and reinsurers, both locally and internationally, whose contribution can be vital to the long-term success of any risk management solution.
At Kane, our approach to captive management is based upon building long-term sustainable relationships with our clients founded upon partnership and understanding.