MRG Captive & Alternative Risk Solutions

MRG Captive Expertise

Welcome to the world of Captive Insurance and Alternative Risk where you own and control (sometimes with other insureds) the insurance company. The primary purpose of these programs is to insure the risks of its owners, and in turn, the owner can benefit from receiving the underwriting profits.

From Single Cell to Self-Insured to Group Captives, MRG can assist in explaining potential options for your business. As your business continues to grow, you need to continue to evolve your insurance to make sure your insurance program continues to work for you.  MRG partners with the top captive organizations in the world. Let our experts due a detailed analysis to see if this is a viable option for your organization.

Captive Insurance vs. Traditional Insurance

Some of the obstacles of your Traditional Insurance program:

  • Unavailability of coverage
  • Coverage that is too expensive
  • Coverage that cannot be tailored appropriately for an organization’s needs
  • Premium rates that do not meet an organization’s loss profile
  • Inflexible policies
  • Inflexible terms
  • Inability to estimate loss frequency or loss severity
  • Lack of a tax benefit for retaining risk

Whereas, Captive Insurance allows for many benefits your company can potentially take advantage of:

  • Broader coverage
  • Increased control over your risk-management program
  • Improved cash flow through:
    • Custom tailored coverages
    • Improved Claims Handling and Reporting
    • Stabilized budgets
  • Incentive to control losses
  • Direct access to wholesale reinsurance markets
  • Positive tax benefits