An economical and expedited captive solution
A PCC is its own legal entity, a trait it shares with traditional insurance companies. However, unlike traditional insurance companies, the structure of a PCC is subdivided into the core, which contains the capital for the whole of the entity, and a large number of individual cells. In a PCC, all cells have the option to be capitalized or to use core funds to meet their capitalization requirements individually and separately from the core.
One of the key benefits associated with a PCC facility is that the assets of each individual cell are statutorily segregated to ensure that a claim against one cell cannot be impacted or covered by the assets of another cell.
Protected Cell Captives allow for:
- Expedited formation timeline
- Low entry cost
- Low annual costs
- Share in underwriting profits and related investment income
- Flexibility with respect to coverage forms and claims handling
- Incentive for risk management and loss control
- Access to reinsurance markets
Risk Services has established multiple special purpose PPC facilities and has access to multiple existing PPC facilities available to clients whose needs would be well-suited by such a captive.
Contact Risk Services
Let Risk Services help you navigate through the alternative insurance maze. Reach out to discuss how our innovative insurance solutions can fulfill your business needs.Contact Us
“Captive insurance involves breaking the insurance product down into its various components and then putting it back together in a more efficient manner.”
Risk Services builds captive insurance programs using best of class service providers who are industry specialists.[rä-jer-izem]
Words of wisdom from our CEO, Michael Rogers
“What has always impressed me was the speed and accuracy with which RS can provide information, answers to questions, or regulatory guidance on inquiries that arise in my RRG.”
Andrew Beardall, Government Technology Insurance Company Risk Retention Group, Inc