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.
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“Many prospects are lost in the captive wilderness. First we have to get you to the starting line, so we can get you to the finishing line.”
Due to the vast number of options/solutions available in the captive industry, prospects often spend exorbitant amounts of time and money trying to develop a captive program. Risk Services helps our prospective clients focus on the best and most viable options and then delivers.[rä-jer-izem]
Words of wisdom from our CEO, Michael Rogers
“We were a new company and needed lots of attention and help to get our feet wet. Michael Rogers and his team at Risk Services have provided captive management and underwriting services to us. Troy Winch is always available for questions and guidance. Theresa Schroder and her underwriting team are ready and willing to face the challenges and resolve them. I always feel they are part of us and we make a great winning team. A-ONE is now well known in commercial transportation insurance market, and we could not have done it without Risk Services.”
Don Ko, A-One Risk Retention Group, Inc