An Insurance Company formed as a single owner organization or an Association Captive owned by multiple entities, referred to as a group captive or industry captive. The Captive Insurance Company retains a substantial portion of each loss and purchases reinsurance as may be suggested, both excess of loss, stop-loss with an annual aggregate, and fronting as may be required. Captives provide; cost savings, cash flow benefits, specialized loss prevention, and claims services not otherwise available. Captives are formed onshore, offshore, with over 5,000 organized today.

RRG RISK RETENTION GROUP INSURANCE
An Insurance Company formed by business owners within the same Industry under the authority of the Federal Risk Retention Act of 1981/1986. An RRG is able to provide LIABILITY insurance for the Insurance Company owners. RRG’s come under the Captive Laws of Captive licensing states. RRG’s must be organized in the U.S. and not offshore.

CELL RRG RISK RETENTION GROUP INSURANCE COMPANY
A Captive Company WITHIN a licensing Captive Company with SEGREGATED premium, losses, expenses, and operations. Less costly to organize than a principal captive.

 
CELL RRG RISK RETENTION GROUP INSURANCE COMPANY
Available in only a couple of states where a separate insurance company can be formed almost independently from the primary licensed Insurer. A Cell RRG is like a Cell Captive (sometimes called Rent-a-Captive or Segregated Captive) in that its operations, claims, Premium, expenses, are all separate and segregated from the parent RRG Insurance Company.

SELF-INSURANCE PROGRAMS
Where a Company sets aside an amount of monies to provide for any losses that may occur, these are claims that would be ordinarily paid under a regular insurance program from a Commercial Insurer. Self-insurance is a formal decision to retain risks rather than pay premiums to transfer risks to an insurance company. Only when claims ARE PAID can the company incur an expense. Funds set aside are not expenses until claims are paid.
 

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