Thomas Miller Captive Management specialises in designing, implementing and managing insurance companies on behalf of its clients.
Typically clients consider captive management as a way of reducing their total cost of risk, managing risk or supporting strategic, financial market or operational considerations. Our clients range in size from small producer owned captives through to true multi-line global programmes for multinational listed entities.
As might be expected, an increasing number of organisations are looking at the financial considerations of their insurance programme and are coming to the conclusion that they are giving money away in premiums to an inefficient insurance market. Allowing companies to retain some of those premiums through captive insurance is Thomas Miller Captive Management’s core competence.
We are well positioned to offer the full suite of insurance management solutions, structures and services expected from a leading global captive manager. These include
Solutions
- First party business
- Third party business
- Reinsurance
Structures
- Single parent captives – An insurance company owned by its parent.
- Protected Cell Company – Multiple insurance companies sat within one vehicle to share costs.
- Association or group – Collection of entities who wish to pool their risks.
Services
- Underwriting
- Claims management
- Accounting – Financial reporting
- Cash management
- Compliance
- Administration
- Corporate and statutory
- Board meeting arrangements
- In house investment management