Captives

Captives are independent insurance companies established and owned by its members. This form of member-owned insurance insures the risks of its members by covering the traditional losses and transferring away unpredictable losses. Typically, captives lower upfront premiums and return underwriting profits and investment income to the owner/members. In addition, captives offer many benefits.

• Reduce cost because premiums based on individual's actuarial loss record
• Minimize risk to market fluctuations
• Lower overall fixed costs
• Increase your purchasing power
• Provide greater wealth management since members retain all underwriting profits
• Increase control over claims and offers risk control services

Why MJ?

We provide expert advice to our clients seeking to create captives. Our goal is to help our clients create captives that help them cover risks that are difficult to insure, reduce fixed costs, leverage volume to reduce costs and increase control over their financial future. 

Expertise & Capabilities to offer expert advice

• Captive Team with keen understanding and experience in captive specialty 
• Guidance on feasibility study, domicile selection and applications including financial forecasts
• Advice on captive ownership structure, formation and new corporate entities

Proactive, ongoing management via our captive partners

• Our captive partners manage lending relationships, maintain corporate records, handle payment of all regulatory and audit fees, oversee loss handling/claims processing, conduct loss reserve analysis, and provide options for optimizing benefits.

Resourceful to meet your specific needs

• Our expansive network of underwriters, partners and industry affiliations offer you a wide range of expertise, services and coverage options
• As a member of Assurex Global, the world's largest privately held brokerage group, we provide you with global offerings and options
• Our Risk Management Center, an online management tool, enables you to easily manageyour various insurance, risk management and OSHA compliance responsibilities
• Web-based access to your insurance program