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Captive Management
SRS provides a full range of captive management services to assist owners in the formation of captives and their on-going operation. Our services are tailored to fit the needs of individual clients.
Formation/Licensing
- Business plan preparation
- Application preparation and filing
- Assistance with selection of service providers
- Development of governance structure
- Development of captive operating manual
General Management Services
- Board meeting services including coordination of meetings and preparation of materials
- Provision of local office
- Local director services
- Captive extranet
Financial Services
- Maintenance of accounting and financial records
- Preparation of management accounts
- Preparation of annual budget
- Cash management services
- Premium tax filings and assistance with income tax preparations and other tax issues
Regulatory Compliance Services
- Ensuring regulatory compliance in the local domicile
- Preparation and filing of regulatory reports
- Maintenance of records in accordance with regulatory requirements
- Responding to regulatory examinations and inquiries
Insurance Services
- Issuance of policies and/or certificates of insurance
- Liaison with insurance brokers
- Reconciliation of ceded reinsurance
- Preparation of analytic reports including benchmarking and cause of loss reports
- Management of exposure and loss data
We enforce a strict peer review process to ensure the accuracy and quality of our work. All clients receive an annual stewardship report detailing our activities during the year.
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