Captive Basics

Captives have increasingly become rooted into the DNA of businesses around the world. They have evolved from a risk financing alternative solely for the largest corporations looking to self-insure where the traditional insurance market was insufficient to an option for companies of all types and sizes. Read More

It is said that while many Risk Retention Group (RRG) are licensed under states' captive insurance company laws, not all captives are RRGs. Learn about the key contrasts of RRGs and other types of captives, including the number licensed, scope of coverage, and interest in formation. Read More

A risk retention group (RRG) is a captive insurance company formed pursuant to the federal Liability Risk Retention Act. This article discusses some of the basics of RRGs, including differences between RRGs and other types of captives. Read More

Driven by a hard insurance market and greater global uncertainty, the captive insurance market saw significant growth during 2022. In addition to new captive owners, many companies already using captives extended the concept to address other risk exposures. Read More

As insurance markets harden and risk management costs increase, many business owners are challenging the conventional method of financing business risk. For those business owners who have an appetite for self-insuring their company's risks, forming a captive insurance company will be a useful tool in their risk management process. Read More