Offshore Captive Insurance

Offshore Captive Insurance is becoming increasingly popular as corporations gain a better understanding of how works and laws are established to enable to set up s. Through the sector, are now equipped with another, effective and practical strategy that can be used to manage risks, while at the same being in control of their corporate .

For many years we have guided our clientele to tried and tested offshore financial solutions for estate planning and asset management. In addition to banking and company formation services, we put clients in touch with approved government agents in Dominica and St. Kitts and Nevis who process economic citizenship applications. A second passport helps give easier entry to many countries and consequently- better education, jobs and business opportunities. For feedback on how to apply and other methods of tax and estate planning please submit any questions that you may have

Established mainly to cover the risks and assets of a parent and can be used either as a re or . This makes a type of that is internal to an , making the purpose for which it was created limited, making its services restricted from being extended to the public.

There are many reasons why is so popular nowadays, one being the need by to be able to insure themselves adequately and in function of the type of assets and risks that they acquire. Furthermore, because the traditional form of can be so expensive to maintain, and prove to be difficult in terms of getting an policy that can be tailored to suit the needs of in covering their risks and assets, has proven to be an effective solution. Given the diverse range of assets that acquire nowadays, it is difficult to obtain that are willing to insure such risks. Regular are also increasingly designing their credit rating without taking into consideration the circumstances under which losses are incurred, and instead consider market trends, which complicates approval for coverage. Other are also left without coverage because of having insufficient credit for coverage and showing to have very low or weak loss control, causing them to be classified as ineligible for coverage by .

is classified into five main groups. These include single parent s, association s, group s, rent-a- and agency s, depending on the purpose for which the is formed and the type of owner; be it a group, individual or association. As such, single parent s are established by a parent or its affiliates which are not engaged in any type of business to insure their risks, by forming an re or . A **** group of may also come together and establish a group to insure a common need that is shared by all within the group, whilst on the other hand, a rent-a- can be established to offer services and benefits to small to medium size enterprises and that are financially unable to create on their own, for a moderate fee. Similar to the group , an association is created to insure the assets and risks of member , industries, service or trade organisations or group in the association. And finally, agency are re that establish to reinsure the risks and assets of their clients.

In light of the structure and grounds on which are founded, they are of major financial benefits to , who are capable of devising a suitable premium plan that does not result too difficult for the and that are involved. This is because over head costs and profit margins are not included in the premiums, making them much lower than usual. are also able to adjust the amount of risk that the or re will assume based on their judgment of the different economic and market factors at play.

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