Alternative Risk TransferContact & Navigate
When coverage in the fully insured marketplace is unreasonably expensive or difficult to obtain, a Captive or Alternative Risk Transfer program might benefit your business. However, it's a big step and there is much to consider.
When you need to explore alternative risk financing strategies, let McGriff Insurance Services guide you through the options. It's another specialty of ours.
In fact, we have a Bermuda-based captive, BB&T Assurance Ltd., in place to provide focused alternative risk transfer expertise, consulting, and program management. Among other services, BB&T Assurance provides the following to aid in your initial decision making process and ongoing risk management:
- Explain the various types of Captive structures, including their benefits and pitfalls, in order to identify the most suitable program
- Complete feasibility/actuarial study for alternative risk transfer and Captive programs
- Analyze various retention and aggregate levels to assist in selecting a program with the highest risk-reward ratio
- Provide assistance in setting up Captives and vendor selection: (legal services, reinsurance, captive management, third party administration, etc.)