U.S. companies are increasingly seeking ways to diversify and add third party risk to their single-parent captive to maximize underwriting gain. This can be accomplished by assuming risk on the company’s life and disability benefits programs offered by Zurich.
With over 25 years of experience in the captive management space, Zurich is among a select group of U.S. carriers with the appetite and experience to underwrite employee benefits within a captive. Zurich may be one of the few carriers with the capability to support a Captives Employee Benefit and Liability and Property risk simultaneously, helping achieve underwriting gain and protect the captive from major losses across all lines through a unique basket aggregate policy approach. Access to Zurich’s wholly owned captive and participation in a captive cell is also an alternative not easily available in the general market.
Zurich will work with an organization and their captive consultant to set appropriate mortality and morbidity pricing, harmonize and improve benefits where necessary and provide consultative support throughout the Department of Labor approval process. Our competitive fronting/administrative fees and collateral requirements, along with the addition of aggregate stop loss policies to mitigate catastrophic risk, are market leaders.