Baker & Daniels' insurance and financial services professionals assist clients with the formation and management of captive insurance companies, risk retention groups (RRGs) and other alternative risk mechanisms. Our professionals:
- Advise and assist state insurance regulators.
- Perform an initial cost-benefit analysis of forming a captive and assist in designing the specific program.
- Evaluate the form of captive (pure, association, protected cell, etc.).
- Prepare corporate and transactional documentation.
- Consult on a business plan, including product and reinsurance programs.
- Advise on corporate governance, securities law and tax requirements.
- Monitor the captive operating plan and results to ensure regulatory compliance.
- Analyze statutory and GAAP financial information and the captive's financial results.
- Advise on rating agency issues and implications.
We can also serve as a captive manager in Washington, D.C. and Utah through B&D Consulting, our consulting division in Washington, D.C.