What is captive insurance?
(December 2010) Captive insurance is an alternative to self-insurance in which a parent group or groups create a licensed insurance company to provide coverage for itself. The main purpose of doing so is to avoid using traditional commercial insurance companies, which have volatile pricing and may not meet the specific needs of the company.
Who is capsure insurance?
CapSure Insurance – CapSure Insurance Group is an independent insurance agency specializing in property and casualty insurance for unique industries. A fresh focus on unique industries, specializing in property and casualty insurance.
What is aggregate excess insurance for captives?
The captive purchases Aggregate Excess insurance to protect itself against unexpected frequency claims. So, in the unlikely event that the captive exhausts its loss funds, the aggregate excess would drop down and pay any additional claims in the captive retention layer.