Effective Captive Management Service

Captive.com released a great article pointing out the struggles with the ongoing maintenance and administration of their captive due to poor captive management.  After the client submitted its application to the Department of Insurance and the captive insurance company is approved, the ongoing management is handled by the captive manager.  The article refers to the captive management team as the “back office” which is the department that handles the accounting and administration of licensed captives.  There are countless examples of poor communication and unresponsiveness of the captive manager, procedures and deadlines not being met, and insecure record keeping, all of which are simply unacceptable practices for a professional captive management firm.  Click below to read the full article and learn the right questions to ask about your captive management team.

Oxford is proud to have an Independent, Best-In-Class Captive Manager, The Taft Companies, LLC.  The Taft principals serve on the board of directors of the Self-Insurance Institute of America, the captive Insurance Counsel of the District of Columbia, the Montana Captive Insurance Association, and the South Carolina Captive Association.  They are, without a doubt, well-respected among State Regulators, insurers, industry associations and clients alike.  Call Oxford today to learn more about Taft and all of our Best-In-Class service providers.

Buying an 831(b) CaptiveHow Is the Back Office