Alternative Risk TransferContact & Navigate
When coverage in the fully insured marketplace is unreasonably expensive or difficult to obtain, a Captive or Alternative Risk Transfer program might benefit your business. However, it's a big step and there is much to consider.
When you need to explore alternative risk financing strategies, let BB&T Insurance Services guide you through the options. It's another specialty of ours.
In fact, we have a Bermuda-based captive, BB&T Assurance Ltd., in place to provide focused alternative risk transfer expertise, consulting, and program management. Among other services, BB&T Assurance provides the following to aid in your initial decision making process and ongoing risk management:
- Explain the various types of Captive structures, including their benefits and pitfalls, in order to identify the most suitable program
- Complete feasibility/actuarial study for alternative risk transfer and Captive programs
- Analyze various retention and aggregate levels to assist in selecting a program with the highest risk-reward ratio
- Provide assistance in setting up Captives and vendor selection: (legal services, reinsurance, captive management, third party administration, etc.)