ALTERNATIVE RISK FINANCING

Alternative risk transfer arrangements blend risk transfer with risk retention mechanisms. HLS possesses vast experience in all forms and levels of self-insurance, including captives, fronting arrangements, risk retention groups, large deductible or SIR plans, and stop loss insurance products. We have unique carrier arrangements in which we work in conjunction with sophisticated clients to form programs that combine all of the benefits of standard risk transfer with those of a self-insurance arrangement. Whether you face collateral issues, fronting needs, actuarial needs, or desire to cover only catastrophic losses, HLS offers highly creative solutions and capabilities in this complex aspect of the insurance industry.

Captive Formation & Consultation

Insurance captives can take many different forms. Some of the more frequently used arrangements include single parent captives, where ownership resides within one organization, rent-a-captives in which members join a previously established captive, and segregated portfolio companies, where members essentially purchase a cell in the captive and are responsible only for their own activities.

The most critical aspect in developing a captive insurance company is to evaluate the parent organization. This entity must have financial strength, a staff committed to risk management, a long-term view of risk finance, a predictable loss experience, and an interest in reducing loss.

We work with our clients from the initial stage of determining feasibility all the way through completion and management.  Regardless of which captive option is selected, we will assist in selecting the appropriate service providers with which to contract and explain the costs associated with the overall arrangement of your captive.  This will prove to be invaluable in making this transition.

HLS offers advanced, creative solutions to the most sophisticated buyer.