Captive management is the administration and operation of a captive insurance company —a private insurer set up by a parent business to self-insure its own risks. A captive manager handles day-to-day regulatory compliance, accounting, tax filings , and coordination with actuaries and auditors.

Key Benefits of Captives

• Cost savings by bypassing traditional commercial market price spikes.

• Retention of underwriting profits and investment income within your own business group.

• Customization of policies for unique or hard-to-insure operational risks.

• Direct access to wholesale reinsurance markets.

Core Duties of a Captive Manager

• Regulatory reporting and creation of required business plans or board files.

• Policy issuance, premium collections, and claims administration alignment.

• Coordination with third-party service providers like independent auditors and tax advisors.

• Ongoing optimization, feasibility reviews, and potential redomestication or jurisdiction shifts.

Common Captive Structures

• Single-parent (pure) captives insuring only the parent company and affiliates.

• Group captives formed by multiple organizations in a shared industry with similar risks.

• Sponsored or cell captives managed by a firm where individual entities operate isolated risk series.

If you're exploring this for your business, tell me: Are you looking into a single-parent or group captive structure? What specific lines of risk or coverage (like liability or property) are you trying to manage?