Captive Insurance
What is a captive insurance company?
A captive insurance company (referred to simply as a ‘captive’) is an insurance company that is set up and wholly owned by a non-insurance company to act as a direct insurer or reinsurer for the parent company and its subsidiaries.
The primary purpose of a captive is to reduce the company’s total cost of risk. Captives are often used as an integral part of a company’s international insurance program but can also cover local risks or be used in a purely domestic structure.
Broad solutions to meet a firm's needs for its entire portfolio of business
Single-Parent Captive Insurance
Single-Parent Captive InsuranceA single-parent captive, also called a pure captive, is a licensed reinsurance company formed by a corporation to (re)insure its own risks.
Group Captive Insurance
Group Captive InsuranceA captive insurance company (referred to simply as a ‘captive’) is an insurance company that is set up and wholly owned by a non-insurance company to act as a direct insurer or reinsurer for the parent company and its subsidiaries.
What are the benefits of captives?
The principal benefit of a captive insurance program is delivery of greater flexibility and control over the parent company’s risk management strategies and costs. A captive can be used to insure almost any of its parent’s exposures, from traditional property and casualty coverages to employee benefit programs.
30+ years
Serving companies with innovative captive insurance solutions across multiple captive structures and approaches.
210+
Countries and territories in Zurich’s global network, one of the largest in the insurance industry, able to provide captive fronting where you do business.
500+
Captive-fronting programs now in effect around the world.
Why choose Zurich for captive fronting services?
With 30 years of global experience in serving customers with captives, Zurich is an acknowledged leader in captive services, from transparent, efficient cross-border cash flow services to dedicated claims and regulatory compliance. Zurich serves approximately 500 captive-fronting programs globally, assisting captive owners with tailored solutions for a wide range of complex risks, delivering innovative solutions based on customer needs, feedback and market insights.
Zurich’s approach to the delivery of captive services is distinctively customer-led. We offer a wide range of holistic non-life, life and combined captive solutions customized to the needs of each individual captive owner, provided with the deep technical expertise and knowledge of a team of dedicated captive services specialists. We listen to the needs of captive owners and respond with innovative, combined captive solutions fully supported by end-to-end customer services, including:
- More than 7,100 Claims professionals in 32 countries<
- Over 800 professional Risk Engineers based in 40 countries
- Cost-effective, proprietary collateral options to streamline necessary collateral set-up and reduce costs
Zurich Captive Services recognized for industry excellence
- 2024 Captive International Fronting Services Firm of the Year Award
- 2024 Captive International Fronting Individual of the Year Award
- 2024 Captive Review Fronting Partner Award
- 2024 Captive Review Award for Captive Leadership
- 2023 Captive Review Award for Captive Collaboration Project
- 2023 Business Insurance Innovation Award for Impact Re Ltd. Sustainability Captive
- 2023 Captive Review Award for Captive Leadership
- 2022 Captive Review Award for Lead Fronting Company
- Reinsurance Provider of the Year from Captives International – 2022 U.S. Awards
