Excerpt: Group captives have the potential to service a burgeoning middle market interest in captive insurance. US Captive talks with leading figures from the market about the considerations behind going down the group captive route.
While those that opt to enter a group captive arrangement will inevitably face challenges around balancing the management of such entities—particularly as regards governance, claims, the division of profit and loss, and entry and exit from the group—they nevertheless represent a potentially strong fit to a host of sectors. As Nick Hentges, executive vice president and principal at Captive Resources (CRI), an independent captive consultant outlined, the group captive concept works well for manufacturers, wholesalers, retailers, distributors, and contractors, with the potential for many other industries to pursue the concept.
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