Active Captive Management (ACM) specializes in the formation of captive insurance and management of captive insurance companies for small and medium size companies.
Combining over 3 decades of Captive Risk Solutions talent and experience, Active Captive Management provides risk transfer solutions in the following industries; Real Estate Development, Healthcare, Fuel and Oil, Nursing Home’s, Manufacturing, Automotive, Agriculture and Franchising, to name a few. Active Captive Management is an approved captive insurance manager in the following domiciles; On-shore: Alabama, Delaware, District of Columbia, Florida, Kentucky, Hawaii, Montana, Nevada, New Jersey, Oregon, South Carolina, Tennessee and Utah. Off-shore: Anguilla, Bermuda, Nevis, Puerto Rico and St. Christopher & Nevis.
Captive Insurance Experience Beyond Convention
Consider the alternatives to traditional insurance without experiencing a sales driven philosophy to providing transfer, financing and captive management risk options. Consider Active Captive Management.
Captive Insurance as an alternative risk management strategy is being used by more than half of the Fortune 1,500 US and multinational corporations.
ACM provides smaller or medium size companies a clear definition of a viable captive, assessing our clients risk exposure and financing objectives.
ACM provides the expertise to form, manage and operate your captive, enabling ownership to retain focus on primary business entities, while engaging a team of experts in the captive industry to effectively manage the compliance, regulations and financial aspects of the supporting captive.
What is a Captive Insurance Company anyway, and why would I want one?
Active Captive Management is pleased to announce our first formation in the State of Hawaii.
Designed and facilitated by Cinda Carbone, this Hawaii domiciled pure captive provides policy lines that cover self insured losses and mitigate commercial gaps in coverage for a large privately owned real estate holding company. Ms. Carbone’s extensive experience with the Hawaii Captive Insurance Regulators facilitated a seamless formation process and resulted in our obtaining a license for the new captive within 60 days.
Hawaii’s captive law was enacted in 1987. With 175 captive as of June, 2012, Hawaii is one of the largest on-shore domiciles. Industry Groups typically represented by the Hawaii Captive Insurance Council are: Construction & Real Estate (57), Health Care (29), Telecommunications & Manufacturing (30), Retail & Other Services (25), Financial Services (16) and Transportation & Energy (18). Hawaii captives have grown to an estimated $14 billion in combined assets and $2.6 billion in premiums according to the latest update from the Deputy Insurance Commissioner.
For more information on Hawaii’s captive environment visit the regulatory web site at http://cca.hawaii.gov/captive/ and the Hawaii Captive Insurance Council’s web site at http://hawaiicaptives.com/hawaii-means-business.
Active Captive is pleased to announce our first captive formation in the State of Missouri.
Centrally located, Missouri is home to over 3,000 insurance companies as well as members of some of the world’s largest reinsurance groups are domiciled in the state. Captive legislation was enacted in 2007 and the Department provides a responsive, highly qualified staff
To learn more, visit: Missouri Department of Insurance:
Active Captive is pleased to announce our first captive formation in the State of Nevada.
In 2013 Nevada formed a record 30 captive insurers. Ranked the *7th largest captive domicile nationally, Nevada provides an experienced Insurance Division staff and a fair and consistent regulatory environment.
To learn more, visit: Nevada Division of Insurance:
*BI survey 3/2014.
Active Captive Comments on Proposed Definition of "Multi-State Reinsurer".
ACM recently took a public position in opposition to a proposal by the NAIC’s F Committee to add the definition of “multi-state reinsurer” in the preamble to the NAIC Accreditation Standards. We believe this proposal has unintended and broad reaching consequences and are joining other regulators and industry leaders such as CICA in opposing it. You can find our position letter via this link and if you have any questions about ACM’s position or the issue generally, please do not hesitate to contact ACM’s General Counsel and Chief Compliance Officer, Dana Sheridan.
Current comment letters may be viewed on the NAIC site at: http://www.naic.org/committees_f.htm. The NAIC periodically updates and changes their website and this link may change.
Active Captive is pleased to announce our approval as a captive manager in the State of North Carolina.
North Carolina’s captive legislation was placed in effect in October 2013, establishing 5 licenses as of May 2014. Distinguishing features unique to North Carolina include: Reasonable capital requirements and Competitive premium tax rates with a $100,000 premium tax cap. North Carolina has made a strong long-term commitment to the captive industry. From the Insurance Commissioner to the N.C. General Assembly to the North Carolina Captive Insurance Association, all are committed to making North Carolina a great new home for captives.
To learn more, visit: North Carolina Department of Insurance: http://www.ncdoi.com/NCCaptives
Active Captive is pleased to participate and renew sponsorship of the 9th Annual Montana Captive Insurance Association Conference.
This year’s conference will feature presentations by Monika Lindeen, Commissioner of Securities and Insurance State of Montana, John Jones, President of the MCIA and Domicile Regulators Steve Matthews and Tal Redpath. The MCIA is a premier educational and networking event.
Conference details and registration information may be located at the MCIA website: https://www.mtcaptives.org
Active Captive Management’s General Counsel and Chief Compliance Officer, Dana Hentges Sheridan, Esq., is the author of an article that is featured in the February 2014 ABA online magazine, Business Law Today
The article “Choice of Domicile in Captive Insurance Planning” was co-authored by Jay D. Adkisson, Esq., of Riser Adkisson, LLP. The February issue of Business Law Today features a mini-theme on captive insurance and provides articles and content on what would be the risk management, wealth and tax benefits to a captive, a discussion of considerations going into selecting a domicile for a captive, and what are captive best practices.
Ms. Sheridan and Mr. Adkisson will be part of a panel presenting on captive considerations at the ABA Business Law Section’s Spring Meeting. The meeting will be held at the JW Marriott at L.A. Live, in Los Angeles California from April 10 – 12, 2014. The program they are participating in is called, “Captive Insurance and Organizational Risk Management: Issues and Solutions” and will take place on April 10, from 2:30 to 4:30 p.m.
Read the article at:
What is a Captive Insurance Company and Why Might Someone Want to Form One?
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Dana Hentges Sheridan, Esq. General Counsel of Active Captive participated in a discussion of why a business owner might want to form a captive insurance company. The interview is conducted in two segments, one from the insurance and risk management perspective and the second to discuss tax and wealth management benefits. The primary point of the discussion focuses on the captive as a risk management and insurance tool.
A Captives primary jurisdiction is known as it’s domicile. Selecting the right domicile is an integral component of the captive decision process. Domiciles are represented on shore and off shore, many having been established for decades and home to large and mid market captive insurance companies. The factors to consider when selecting a domicile include: Regulatory Environment, Infrastructure, Geographic Location, Tax and Operating Expenses. The domiciles represented are the largest on shore and off shore, by number of captive licenses.