Our captive insurance management firms are in many ways the quarterback of your captive advisory team. The manager functions as an extension of the insurance regulators, and is a valuable resource to assist the Oxford Risk Management team with the day-to-day operations of your captive insurance company.
Oxford and the legal team will send out packages that include the documentation required to submit for the review and anticipated regulatory approval of your captive. The process will vary by domicile, but you can expect the packages to include items such as:
- Formal application
- Verification of identity of owners and directors
- Request for copies of drivers licenses and passports
- Biographical affidavits
- Financial information from each prospective owner
We will work with the regulatory team to determine appropriate capitalization requirements, and oversee the process through completion and approval of your captive.