Originally published in the Captive Review, Guernsey Report, October 2008
Glyn Smith of Heath Lambert tells us how to give your captive a health check to ensure its future
A CAPTIVE should be a long-term, dynamic tool used as an integral part of a comprehensive risk management strategy or in the development of an insurance profit centre.
Many captives have been established and in operation for many years, so how do their owners assess performance against strategic objectives, continue to achieve optimum risk retention levels and develop use of their captives to maximum financial benefit as they mature?
Furthermore, it is likely that as their captives have matured, owners will have seen their business interests and activities develop and evolve, much of it against a difficult political background and highly competitive and demanding market conditions. In such changing times, captives are able to evolve to...
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