Aon  |  Professional Services Practice
Captive Insurance

A captive insurance company is an insurance vehicle which primarily insures the risks of its owner or owners. Professional Service firms (such as law firms, accounting firms, consulting firms, and design & construction firms) have been employing captive insurance companies, in their various forms, for many decades – particularly in connection with the risk financing of professional liability.

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Captive Strategies to Support Sustainability Objectives

January 2024 - Following the release of Aon’s “Using a Captive Insurance Company to Drive Positive ESG Outcomes”, the Professional Services Practice shares further insights on how captive insurance companies can help support the sustainability strategies of their professional service firm parents.

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Professional service firms use captives in numerous ways, including:

  • acting as a risk retention entity
  • as a risk sharing vehicle
  • in the creation of risk capacity where it may not be readily available in the commercial insurance market

Firms have used single parent captives, group captives and protected cell companies to facilitate achieving their risk financing and risk management objectives.

We have compiled valuable information on captives for professional service firms and are able to provide highly customized captive consulting services, as well as segment-sensitive actuarial modeling.