Legacy Solutions Report 2018

What are the options when a captive or certain portfolio becomes unattractive or inefficient? The Captive Review Legacy Solutions Report highlights the run-off and legacy solution market and the potential options for captives that want to shut down or restructure.

While some captive owners and consultants may still be in the dark, legacy solutions and management can be a valuable strategic tool in the captive’s lifecycle.

With captives maturing and high merger and acquisition activity at parent level, corporates are increasingly looking to consolidate their captive operations and ensure as efficient structure as possible is in place.

When applied strategically, a legacy solution can function as an enabler, a tool used to release capital which can then be deployed to write new lines of business or sent back to the parent.

There are several different options when approaching legacy solutions. Selling the whole captive can be attractive when the subsidiary is no longer needed, while loss portfolio transfers, novations and commutations allow the removal of a specific portfolio of business while keeping the captive intact.

This report should provide captive owners and the wider industry with a better understanding of what solutions exist and how they can be applied.

AM Best assigns ratings to OneNexus’ Oklahoma captive

Oklahoma
OneNexus Oklahoma Captive Corp started writing business in 2023 as a special purpose insurer providing contractual liability insurance...
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CIC appoints new VP of people and operations

Jake Ridgway joins CIC Services with responsibilities including performance management, compensation strategy, employee development and multiple process improvement...
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Marsh leans into innovation and ART as captive trends evolve

As markets shift and Marsh Captive Solutions conducts more strategic reviews than feasibility studies for the first time...
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Property losses take ADM captive to negative ratings outlook

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Vermont-domiciled Agrinational is the captive of Archer Daniels Midland Company (ADM) and has reported ongoing volatility in its...
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