Captive Management Services

• Underwriting & Claims Management
  • Preparation and issuance of policies and endorsements to ensure suitability within the overall risk financing objectives
  • Preparation and issuance of certificates of insurance where required by the captive
  • Assist with credentialing and claims history request
  • Liaison with the captive's insurance brokers to ensure its efficient use as a core part of the risk management programme
  • Collaboration with the captive's brokers to structure and place any required reinsurance program behind the captive
  • Coordination with the appointed actuaries for the captive
  • Maintenance, reporting and analysis of underwriting and claims statistical records
  • Underwriting functions such as captive premium recommendation and allocation
• Cash Management

  We undertake the management of cash, including:

  • Coordination of the selected investment advisors to ensure timely reporting
  • Monitoring cash balances held in the captive's bank accounts and investing surplus funds on a timely basis in accordance with the company's investment policy
  • Execute checks and set up wire instructions within agreed limits of authority conferred by the captive's Board
• Financial Accounting / Management

  Managing an insurance company requires specialised accounting skills as there are differences in the methodology of recording transactions when compared to usual corporate accounting. Our services include:

  • Provision of management accounts
  • A comparison against budget and other specifically requested schedules such as investment details, and underwriting and claims information
  • Management commentary highlighting any significant items in the financial statements, budget variances, statutory compliance issues
  • Oversight and management of a timely and successful annual audit in conjunction with the captive's auditors
  • Effective management of operations and assets
  • Handling all correspondence in relation to the captive's continuing business
  • All of our reports and financials are peer reviewed prior to release and can be tailored to the specific requirements of our clients
• Board Meeting Services

  We provide services for Board Meetings including:

  • Preparation of a comprehensive Board book of agenda items and supporting material, such as past minutes for ratification, financial and underwriting reports, claims reviews, auditor, actuarial and investment reports and special items for consideration by the Board, such as strategy reviews
  • Act as the captive's Company Secretary and prepare necessary resolutions and actions of the shareholder and the Board of Directors
• Compliance & Corporate Governance

  Aon is responsible for ensuring regulatory compliance. We will act as the principal representative for the captive as set out under the provisions of the laws of the various domiciles in which we do business and fulfill the following duties:

  • Maintain principal place of business in the domicile, if required
  • Monitor the captive's compliance with insurance regulations and requirements contained in the applicable laws and, if necessary, make recommendations as to corrective action
  • Prepare, coordinate and submit the annual filings as required by the Law
  • Arrange for the payment of appropriate local government fees
  • Prepare and submit business plan amendments for regulatory approval, including the addition of new covers, changes in limits, rotation of directors
  • Liaise with the captive's appointed attorneys and auditors
• Integrated Captive Solutions and Services

  In addition to our captive management capabilities, we also offer a wide range of consulting services including:

  • Risk Financing
  • Actuarial
  • Risk Profiling
  • Risk Optimisation Analysis
  • IT Solutions
  • Loss Control and Management
  • Valuations

Aon Captive & Insurance Management Brochure