This clear, concise, relevant text addresses all the issues relating to captive insurance companies.
The book reflects Paul Bawcutt's wide-ranging experience and considerable international expertise.

Author(s): Bawcutt, P. A.
 

Dedication

Preface to First Edition

Preface to Fourth Edition

Acknowledgements

 

Chapter

 

1. What is a Captive Formatin and why is it Formed?

What is a captive? Captives today - worldwide review. Reasons for captive formation. Advantages and disadvantages of

captives. Types and choice of captive.

 

2. Criteria for Captive Formation

Components of a feasibility study. Captive considerations for different classses of insurance. Type of captive necessary. Group and association captives. Making the decision. Summary. Annex 2.1: Case Study.

 

3. Reinsurance, Fronting and Underwriting of Captive Insurance Companies

The captive interface with the reinsureance market. Reinsurance, International problems and fronting. Underwriting, Annex 3.1: Case study

 

4. Location of a Captive

Location factors. Considerations when investigating a potential location. Offshore versus domestic. Alternative off-shore locations. Summary and future developments. 

5. Managing a Captive

Captive management requirements. Selecting the managers. Captive set-up and operating costs. Management agreements. Constitution of the captive board. Annex 5.1, Annex 5.2, Annex 5.3

 

6. Accounting, Taxation and Investment Needs

Accounting aspects. Taxation, The issue of captive residency. Investment basics.

 

7. Loss Control and Claims

Loss control, Handling claims.

 

8. The Future Development of Captives

Market reactions to the captive. Legislation in captive locations. Expanding into unrelated business. Captive pooling facilities. Financial reinsurance. Re-location. Summary 

Title: Captive Insurance Companies: Establishment, Operation and Management 4th Ed.
Number of Pages: 4950
Product Code: 4405Q050
ISBN: ISBN 13: 978-1-85609-130-5 (9781856091305), ISBN 10: 1-85609-130-9 (1856091309)
Published Date: August 1997
Binding Format: Hardback
Book Height: 250 mm
Weight: 1.20 kg