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Changing Captive Managers

Not happy with your current manager? Lack of objectivity? No new ideas?
Account manager constantly changing? Why not change managers? If you're under the impression that changing alternative risk managers is an inordinately complicated, cost prohibitive undertaking, we invite you to consider Total Captive Solutions, one of the nation's leading independent providers of alternative risk (medical malpractice) management services.

Total Captive Solutions has developed a proven captive management transition formula designed to facilitate an efficient, seamless transfer.

Working closely with key members of your team, we will:

  • Evaluate the structure of the coverage provided in the captive to ensure we have a complete understanding of limits, retentions and reinsurance.
  • Discuss the policy issuance and premium flow process.
  • Initiate a detailed review of the third party administrator's claims
    reporting process.
  • Examine all aspects of the cash management function within the captive.
  • Review your company's investment database.
  • Establish the format and deadlines for reporting the periodic financial
    statement to ensure there is no delay in you receiving the first financial
    statement after the transition, as well as every other we prepare.
  • Obtain a clear understanding of all balance sheet and income statement
    items within the captive group's financial working papers.
  • Outline a strategy for the secure transfer and placement of all relevant
    documents and historical data.
  • Identify any areas of deficiency in record keeping or information exchange and any other areas that we feel we can improve.

This process will include our designated account manager and a member of our executive staff. Transferring management from your manager to Total Captive Solutions will be done in a smooth, efficient and seamless manner.

 

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