BCLP's Captive Insurance Team has extensive experience in the captive insurance and alternative risk transfer areas of the insurance industry. Our services include assisting clients with the design, formation and licensing of captive insurance companies, including pure (single parent), group, agency, cell and association captives, and advising on related regulatory compliance issues. Our Captive Insurance Team’s clients are based in various jurisdictions including Fortune 500 companies, national associations and privately held businesses.
We have extensive experience on the corporate, regulatory and tax aspects of captives. We assist clients with the creation of optimal capital structures for captives, including the design of financial instruments unique to the insurance industry, and help clients meet their captive's insurance regulatory, financial and investment requirements. Our lawyers also have a thorough understanding of the reinsurance arrangements used by captives, including collateralization requirements and financial statement credit for reinsurance obligations. We have been at the forefront on the use of captive insurance companies to provide employee benefits coverages, as well as more traditional coverages. We also advise and structure risk purchasing groups and risk retention groups for various industries.