A Captive is an Insurance Company with all the attendant attributes of an insurance company; it can underwrite risks, issue policies, pay claims, participate in the reinsurance markets as any other licensed insurance company is able to do, subject to the provisions of the relevant licensing authority.
In its simplest form, it is a wholly owned legal entity formed for the purpose of underwriting the insurable risks of its parent company and/or affiliated companies of the parent.
Hyperion Insurance Management is a boutique, multi-jurisdictional Insurance Management practice, specialising in the formation and management of captive (re)insurance companies.
We are strategically licensed in the world’s major captive jurisdictions and, unlike most of our competitors, we focus on providing tailored solutions depending on the specific needs and domicile of your Company.
This includes careful attention to the scale, complexity and longevity of the related transactions, as well as consideration to other key economic factors, such as future acquisitions, geographical expansion and exponential growth.
Captives can offer a number of benefits to a wide variance of clients, ranging from large corporations and conglomerates, to family run businesses.
The solutions they provide form an important part of risk management, estate planning, asset protection and tax optimization techniques for entities and family offices around the globe.
It is widely reported that the majority of S&P 500 and FTSE 100 companies utilize either one or multiple captives. However, many small to mid-sized companies, particularly those with cross-border insurance risks, are often unaware of the potential benefits that captive structures can offer.
As a licensed Insurance Manager, Hyperion assists its clients from inception, starting with the initial domicile selection, the drafting of the feasibility study and co-ordination of the licensing process. These services specifically include the provision of a registered office, client accounting and secretarial functions, as well as assistance with insurance related functions, such as policy issuance, reinsurance and claims handling, if required. As a multi-jurisdictional practice, we offer our clients a balanced view on the suitability of domiciles, related costs, ease of establishment, ongoing regulatory issues and exit strategies.
Hyperion Captive Services:
- captive feasibility studies
- completion of the licensing application process for (re)insurance companies
- provision of a resident Insurance Manager
- provision of a principal office
- establishment of reinsurance programs for the captive (re)insurance company
- establishment of fronting programs for the captive (re)insurance company
- advice on policy rating and issuance
- claims administration and loss control
- accounting services and maintenance of proper books and records
- liaison with actuaries, auditors and tax advisors
Please visit contact us for more information on captives structures, Hyperion Insurance Management, the services we provide and the jurisdictions we operate in.