Agency Captives
Aligning insurance carrier and agent interests to produce a winning solution for both
An agency captive is a reinsurance facility whereby the agent is assuming risk by reinsuring a portion of their book of business insured through a traditional carrier.
Agency Captives provide benefits for carriers and agents alike.
Insurance Carrier Benefits
- Aligns the carrier and agent with respect to insuring profitable business
- Increases retention
- Increases profitability
- Enhances agent relationship
Insurance Agent Benefits
- Provides an additional stream of revenue
- Ability to share in underwriting profits and related investment income
- Strategic relationship with insurance carrier
- Ownership of a reinsurance company
Risk Services have worked with multiple nationally recognized AM Best A-rated traditional insurance carriers to develop Agency Captive programs for their independent agents. Our carrier sponsored Agency Captive programs have enabled carriers to incentivize their key agencies to produce over one billion dollars of new superior loss ratio business through aligning the interests of the insurance carriers and the agents. Additionally, Risk Services has worked on agent driven Agency Captive programs whereby an agent with a profitable book of business establishes a strategic relationship with an insurance carrier to share in their underwriting profits and related investment income.
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 UsRogerisms
“We are the smorgasbord of captive insurance. Captive management, regulatory compliance, formation and licensing are the appetizers, policyholder services the main course, and reinsurance placements the dessert.”
Risk Services can provide all the necessary insurance professional services our clients need to complete their captive insurance programs.
[rä-jer-izem]Words of wisdom from our CEO, Michael Rogers
“In 2006, Communities of Faith risk retention group was not pleased with their captive manager. Risk Services came in and provided the professionalism and expertise that was lacking and has been providing excellent service for the past 12 years. Troy Winch and Mary Garofalo have been incredible to work with and their counsel has made Communities of Faith a great risk retention group.”
Perry Smith, USI Southwest