Captives

Regardless of the insurance market cycle, the use of captive insurance companies has increased year after year over the past two decades. Captives are wholly-owned insurance subsidiaries that provide funding vehicles for their parents' risks. There are now over 5,000 captive insurers worldwide. Over 80% of Fortune 500 companies employ of some type of captive insurance company arrangement.

The advantages of captives are multiple and can be significant:

• Potential short and long-term cost savings
• Customized employee benefits designs and property/casualty programs
• Enterprise risk financing applications
• Potential tax advantages as compared to conventional insurance

Spring is a recognized leader in captive insurance. There is no other firm out there that is as dedicated and flexible with providing you with the right solution from development through implementation.

Our consultants helped innovate captive funding of employee benefits, beginning with the first captive benefits program launched by Columbia Energy. We have since helped many other organizations through the Department of Labor (DOL) process. Our strategies have incorporated group life and AD&D insurance, long term disability, retiree medical benefits, pensions, workers' compensation, medical stop loss, and other liability risks. We have worked with captive's that have been domiciled both domestically and offshore.