A domicile is the official address of an insurance company and wherever a captive is domiciled is where it will be regulated by the local insurance authority agencies. Primary drivers in selecting a domicile include proportionate regulation, political stability, reputation, depth of support services ahead of capital and surplus requirements and costs. A captive is most likely to succeed if it is formed in a domicile with regulators that can understand the proposed program.
When we engage in our initial consultation call, we will review your goals for the captive as this information will help determine which domicile will best meet your needs. Factors we consider when making our recommendations for your captive's domicile include how long the domicile has been operating and if its activity has been consistent over the long-term.
We look forward to discussing the goals of your captive and which domiciles would help you achieve those goals.
We help companies spend their insurance dollars more wisely so that they are better positioned to achieve their financial goals. We do this by first learning what their company’s financial goals are, as well as current insurance coverage, risk management strategies and claim history. Then we determine whether forming a captive insurance company for the organization will help improve cash flow and control expenses.
[fa icon="phone"] 1-802-371-2281
[fa icon="envelope"] pmacey@usarisk.ky
[fa icon="home"] PO Box 1085, George Town, Grand Cayman, Cayman Islands KY1-1102