Rent A Captive Programs

Rent-A-Captive (RAC) ownership offers almost parallel benefits to those of stand alone captives but is faster to set up, less expensive to create, and can utilize the capital already existing within the overall RAC facility to collateralize individual cells. 

ASL manages three (3) of the world’s top ten (10) RAC facilities and has built a broad spectrum of RAC cells for clients to address highly a diversified range of needs.  All ASL’s RAC facilities are fully enacted by Parliament to provide segregated cell structures which protect individual client assets and reserves against the liabilities or insolvency of any other participants within the same RAC facility. 

A Rent-A-Captive Plan is an insurance plan structured to accomplish five major objectives:

  • To provide the insured with the underwriting profit which would normally accrue to an insurance company.
  • To preserve the investment income, on premium cash flow and claims reserves, that traditionally is accrued by the insurance company.
  • To give the insured greater involvement in claims management and claims adjustment in order to reduce the experience modification or experience rating factors and therefore to reduce the ultimate cost of insurance.
  • To give the insured more direct control over the component parts of the program of insurance resulting in greater flexibility over planning for the future.
  • To maximize any tax benefits which may be available.

ASL’s management team works effectively with all clients to determine the correct captive structures in order to optimize the resulting benefits. With extensive experience in both Captive and RAC facilities ASL’s expertise can assist in determining the perfect solution for each individual situation.

With every client's needs being unique we tailor our services according to those specific needs and our services cover, but are not limited to, the following areas:

  • Feasibility studies
  • Creation of a suitable Rent-A-Captive vehicle
  • Preparation and issuance of insurance and reinsurance policies and certificates of insurance
  • Collection of premiums and reinsurance recoveries
  • Validation and payment of losses
  • Treasury operations
  • Provision of financial statements tailored to client needs, and annual statutory statements as required by the Bermuda Government
  • Provision of detailed underwriting analyses.
  • Evaluations of investment performance
  • Corporation administration, including the co-ordination of AGMs and directors meetings and serving as principal representative or directors and officers as needed
  • RAC efficacy reviews.
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ASL also ensures that its captives run smoothly by liaising with all other relevant service providers such as Lawyers, Investment Advisors, Auditors, Loss Adjusters, Fronting Companies, Reinsurers, and the Bermuda Government.