captive insurance company

Fin
an insurance company that has been established by a parent company to underwrite all its insurance risks and those of its subsidiaries. The benefit is that the premiums paid do not leave the organization. Many captive insurance companies are established offshore for tax purposes.

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  • Captive Insurance Company — A company that provides risk mitigation services for its parent company. A captive insurance company may be formed if the parent company is unable to find an outside firm to insure against a particular business risk; if the parent company… …   Investment dictionary

  • Captive Insurance Company — Ein Eigenversicherer oder Eigenversicherungsunternehmen (englisch Captive Insurance Company oder auch kurz Captive; von englisch captive für „gefangen“ oder „gefesselt“) ist ein firmeneigenes Versicherungsunternehmen, das dem Mutterunternehmen… …   Deutsch Wikipedia

  • Captive Insurance Company —    An insurance company owned by the company or companies whose risks it insures. Using a captive company brings costs and tax advantages so they are often used when a company considers itself large enough to insure its own risks …   Financial and business terms

  • captive insurance company — An insurance company that is totally owned by another organization and insures only, or mostly, the parent company s risks. In this way the parent organization is able to obtain insurance cover (particularly those classes that are compulsory by… …   Big dictionary of business and management

  • captive insurance company — An insurance company set up by one or more commercial or industrial companies with the object of insuring their risks …   Accounting dictionary

  • Captive insurance — companies are insurance companies established with the specific objective of financing risks emanating from their parent group or groups but they sometimes also insure risks of the group s customers as well. Using a captive insurer is a risk… …   Wikipedia

  • Captive Insurance — Ein Eigenversicherer oder Eigenversicherungsunternehmen (englisch Captive Insurance Company oder auch kurz Captive; von englisch captive für „gefangen“ oder „gefesselt“) ist ein firmeneigenes Versicherungsunternehmen, das dem Mutterunternehmen… …   Deutsch Wikipedia

  • First Colony Life Insurance Company — Founded by Edwin Horner in 1955, First Colony Life (FCL) grew from a local term life insurance company in Lynchburg, Virginia, specializing in impaired risk underwriting into a national provider of life insurance and annuity products. First… …   Wikipedia

  • Captive D'assurance — La notion de captive d’assurance est ici employée dans une acception très large. Elle regroupe quatre types de captives d assurance : Une captive d’assurance stricto sensu, ou captive d’assurance directe est une société filiale, créée par… …   Wikipédia en Français

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

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