CAPTIVE MANAGEMENT

In order to ensure the proper implementation and ongoing administration of a captive, it is critical to secure the services of an experienced manager with the depth of resources necessary to implement and administer the most complex of captive and alternative risk transfer programs. QUEST offers the following services to the prospective and current captive owner:
 

• Organization of the captive Feasibility Study to consider whether a captive, rent-a-captive, cell captive or other special purpose vehicle would be the best risk management solution.
   
• Analysis of risk financing alternatives and evaluation, creation and operation of all forms of captive insurance companies, rent-a-captives, risk retention groups, association and pooling insurance concepts.
   
• Advice on which domicile is the best location for the captive.
   
• Co-ordination of tax, banking, auditing, actuarial, legal advice and legal representation concerning offshore and onshore insurance matters.
   
• Complete and fully computerized accounting services providing monthly, quarterly or annual financial statements tailored to meet individual reporting requirements.
   
• Financial management including cash flow monitoring and market trends analysis and investment of the captive’s funds following guidelines established by the parent or sponsors’ Board of Directors or Investment Committee.
   
• Access to well-established working relationships with the financial, legal, actuarial, accounting communities and Government representatives.