Experience with feasibility studies is not limited solely to the implementation of facilities and solutions but is indicated, in some fashion, anytime there is a change in the business, risk, coverage, or domicile of the facility.
The illustration shown here is
representative of the various captive structures that Tom has had significant experience with regards to:
- Design
- Development
- Planning
- Education and Training
- Enterprise Risk
- Operation
- Underwriting
- Vendor Oversight
- Domicile Relocation
- Entity Combination
- New Coverages
- Policy Drafting
- Coverage Placement
Feasibility Consulting Services include:
- Pre-feasibility assessment
- Development of loss projections in conjunction with actuary
- Premium development
- Formalized risk funding analysis
- Captive program design
- Retention selection
- Success factors
- Operational assessment: goals and objectives, flow of funds, coverage form, ownership structure, underwriting, etc.
- Cost benefit analysis
- Domicile comparison
- Domestic and foreign tax assessment
- Development of financial pro forma’s
- Business plan development
- Capital and collateral assessment including negotiation with fronting companies
- Identification and selection of service providers
Captive Incorporation:
- Business Plan Development
- Applications
- By-Laws
- Articles of Incorporation
- Directors & Officers
- Vendor Selection
- Budgets
- Policy Drafting
- Coverage Placement