Creating a captive has become an integral part of the long term risk financing strategies of many organizations. Spanning from the preparation of a feasibility study and a business plan, through to the license application, company incorporation and the ongoing daily management of the captive, AMS will manage this process to suit each clients’ needs.
As an independent captive manager AMS has the freedom to focus on the needs of your organization always keeping your best interests at heart and ultimately delivering the optimum solution for you and your business.
Whereas the flexibility inherent to captive structures draws the attention of the discerning insurance buyer, it must be understood that these formations might not suit the needs of every organization.
The decision to set up a captive must be underpinned by a detailed risk profile assessment with a focus on financial viability, business targets and long term commitments to ensure that an organization benefits from the implementation of these financial strategies.
The captive formation process can be arduous and will be subject amongst other factors to the requirements posed by the parent company, the type of captive and the captive jurisdiction chosen. It is therefore essential that you hire the services of a knowledgeable captive manager able to accompany you through these proceedings.
The AMS professional team offers a rare acumen, i.e.; a good knowledge of the legislation of various captive jurisdictions along with a detailed understanding of the intricacies associated to the insurance and reinsurance laws across different parts of the world. This combination of talents will ensure that on each case, AMS will guide you through the formation of the captive structure that is best suited for you.
Conscious of the fact that different clients have different requirements, AMS offers a full range of services tailored to different client’s needs, including:
- Ownership structure
- Company incorporation
- Complete policy drafting
- Obtaining reinsurance
- Creating financial projections
- Capital requirement calculations
- Risk management
- Compliance procedures
Situations may arise when organizations fail to maximize the full potential of their captives. These scenarios can emerge from varied circumstances, e.g.; fluctuations of to the insurance market, shifts in the parent company’s corporate targets, to name a few. At times like these, it is important for clients to rely upon the support of a proactive captive manager prepared to go the extra mile to protect their interest.
AMS understands that captive formations are highly adaptable and, therefore monitors its captive structures’ offering on regular basis to assess its viability in the light of the changing market conditions. This modus operandi will ensure that a maximum return is delivered to your organization at any point in time.
AMS takes pride in its close rapport with clients and their advisers, always ensuring that the clients’ captive formations remain firmly aligned with the their business objectives and long-term goals.
Re-domiciliation or Liquidation
Whilst assessing the corporate needs of a parent company; captive owners may conclude that either the re-domiciliation or liquidation of the captive formation in question is required.
There are various factors that can trigger the re-domiciliation or liquidation of a captive entity, such as changes to the new insurance regulations, political pressure, revisions in tax laws, new corporate ownership and many others. AMS can assist you at every step to secure a smooth process either through the re-domiciliation or winding up of your captive’s operation.