Great American Captive Risk-Sharing Models
Captives are a great alternative to "business as usual"! Great American Captive business models deliver risk-sharing options to retail agent and associations, as well as to large accounts, either on an individual (singled entity) or group basis. Through the formation of a captive insurance company our risk partners can:
Stabilize insurance costs
Provide coverage solutions unavailable in the traditional market
Diversify revenue streams
Gain control of their own financial destiny
What Is a Captive?
The term “captive” originally referred to a company that was formed primarily to provide insurance coverage for the assets and risk liabilities of its parent company. Today, captives are used for many purposes, but at their simplest, they allow those involved to share profits in return for sharing risks.
The Advantages of Forming a Captive with Great American Include:
Flexible risk-participation options with both Quota Share (QS) and Excess of Loss (XOL) structures available
Franchise value
No channel conflicts
Multi-line capabilities, including a suite of Cyber Risk product solutions
Property capacity up to $30mm per risk, per location
Reasonable collateral terms, including a Funds Withheld option which offers very attractive interest rates
Unlimited Aggregate Protection
Transparent operation and Open Communication
No arbitrary dictates
To learn more about the benefits of Great American Captive business models, commercial lines products and services, visit our Alternative Markets website.