Captive Formation and Management Services Par Excellence!

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There are numerous reasons to form a captive, some of the most common are: · 

·Reduced insurance costs based on a company’s own historical loss experience

 · Stabilized pricing with a more consistent year-over-year premium cost

 · Freedom to insure any risk and to customize the terms and conditions of its policies

 · Direct access to reinsurance markets that have fewer regulatory barriers and can provide coverage at a lower cost

 · Capture underwriting profit

 · Beneficial tax treatment IRC Sec 831 (b).  


Your  medical practise / company may be a good candidate to form a captive if  it has a good loss record and risk management practices, the ability to  finance its own exposure, or unusual or hard-to-place risks.   

Forming a Captive: 

Detailed  below are the general steps involved in forming a captive insurance  company when using Captive Synergy LLC as your preferred and trusted  Captive Management Company: 

Step 1 –  Risk Assessment through disclosure of all previous insurance and claims  going back five years.   Supplying Captive Synergy LLC with all company  financials and tax returns over the past five years which will form  part of the risk assessment to determine whether a captive insurance  company is right for your business.   

Step 2  – Initial Discussion with our Actuarial consultant.   Call or email the  Captive Synergy LLC team to arrange a meeting to discuss the proposed  captive and to obtain feedback. Prior to the meeting, a written summary  of the proposed captive should be provided to Captive Synergy LLC for  review. The level of detail needed in the summary will depend on the  complexity of the proposed captive.   

Step 3  – Sign a letter of engagement, pay your fees and then collaborate with  Captive Synergy LLC we will prepare all your organizational documents  and Captive Application to submit to a US based domicile for review and  approval.    Organizational documents will need to be filed with the  regulating authority’s Secretary of State once approved by the  Commissioner of Insurance.