Getting Started with Captive Insurance

Comerica's Captive Insurance Group is indispensable in the successful formation of your captive insurance program. Begin discussions with Comerica’s Captive Insurance Group early in the program planning process to take full advantage of our expertise.

Our experienced professionals understand the special needs of captives — they have a thorough knowledge of the regulations, complexities and local nuances that are critical to facilitating the process. Comerica has relationships with the world's leading insurance, captive management, consulting, auditing and legal firms, and our team will put these professionals to work for you.

By assembling the right team early you'll benefit from these services, making the process of forming your captive insurance program efficient and productive. Contact us to today see if a captive is right for you.

Captives can provide a number of benefits over traditional insurance, including:
  • Risk mitigation: You structure the type of coverage and level of risk
  • Cost savings: You bypass commercial brokers and retain underwriting profits and investment income
  • Protection from price fluctuations: You stabilize your risk management costs
  • Cash flow: You control investments and can structure maturities to meet your cash flow needs

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Captive subsidiaries come in a variety of types, each with its own regulations, complexities and local nuances. These are a few of the most common:
  • Single Parent
  • Multiple Parent
  • Heterogeneous
  • Rent-a-Captive
  • Segregated Cell
Here at Comerica’s Captive Insurance Group we work hard to clarify your specific needs, then shift into execution, delivering customized financial services for your captive insurance program.

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There are approximately 5,000 captives in the world; Bermuda is the largest domicile. Comerica is active in these major domiciles:

Offshore

  • Barbados
  • Bermuda
  • British Virgin Islands
  • Cayman Islands

Onshore

  • Arizona
  • Delaware
  • Hawaii
  • Michigan

 

  • Nevada
  • South Carolina
  • Vermont
  • Washington, D.C.

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