Captive management
With premium increases, restrictive wordings, increased deductibles and in some cases limited capacity, more firms are turning to captives to finance their risk exposure.
The benefits of using a captive insurance company are that it puts your company in greater control of your insurance programme. Depending on claims experience, well-managed captives can provide lower and more stable premiums, and firms can benefit from the accumulated profits accrued under the programme.
Using a captive requires analysis, and a specialist captive management company is needed to manage the captive.
We do not provide captive management at Miller; instead we have chosen two like-minded, independent captive managers as our preferred suppliers. Where appropriate, we will work with them to develop insurance solutions for our clients or they can contact them direct.