Captive and Risk Retention Groups

Herman Risk Management provides independent expert advice and consultation in the design, formation and implementation of alternative risk transfer (ART) programs, including the formation of captives, with an emphasis on providing our clients with innovative risk financing solutions that protect their assets and advance them toward satisfaction of their unique personal and business objectives. 

Herman Risk Management offers turn-key captive solutions through the preparation of feasibility studies, design and formation of captive structures, placement of reinsurance and fronting arrangements, and ongoing program oversight and management. 

A captive insurance company is a vehicle that allows a company or group to manage some of their own risks as part of an overall risk management strategy. It is a licensed and regulated insurance or reinsurance company whose business is supplied and controlled by its owners, who are the principle insured’s. A captive insurance company can provide for better control of risk management and opportunities to reduce costs.  

Ideal candidates for captives include but are not limited to:

• Professional Liability including Medical Malpractice Insurance
• Real Estate including property coverage, Builder's Risk and Wrap Around programs
• High net worth individuals