Montgomery Moore

Captive Management

Montgomery Moore captive management services provides independent access to the captive insurance market for alternative risk transfer programs, and operations include designing and implementing finite risk structures, and general insurance broking services.

Our captives strutures are provided and adminiter on the Republic of Panama, an emerging captive market destination. Panama Captive law is one of the most progresive and business friendly in the world and provides many advantages over other jurisdictions, including, reasonable operating cost and ease of domicile.

Montgomery Moore provides the following captive Insurance Solutions:

Process of registering and incorporating the captive through the insurance regulator.
Act as Principal Representatives and provide the Principal Office.
Assist in the development of any feasibility study or consultant report or comment on proposals contained in such reviews;
Assist in developing the insurance programme, including arranging any fronting facilities, specific and aggregate reinsurance to protect the captive, and locating other service providers e.g. claim assessors/adjusters etc;
Assist with the selection of lawyers, bankers, auditors, investment managers and other service providers, as required by the insurance company;
Assist in the production of the insurance company Business Plan for inclusion in the licence application;
Arrange and attend directors and shareholder meetings;
Maintain the accounts of the insurance company. This will involve establishing the general ledger of the company in a form consistent with international accounting standards.
Financial statements (income and balance sheet plus attendant notes) will be produced no less frequently than quarterly, and distributed according to instructions.
Full financial statements will be prepared at the end of the insurance company fiscal year for audit purposes. As managers, we will liaise with the auditor to assist the efficient completion of the audit;
Monitor investment returns and/or make investments as requested;

Tatistical analyses (e.g. loss triangulations) and reports (e.g. budget comparisons or projections) will be prepared as required.

Process of registering and incorporating the captive through the insurance regulator.

Act as Principal Representatives and provide the Principal Office.

Assist in the development of any feasibility study or consultant report or comment on proposals contained in such reviews;

Assist in developing the insurance programme, including arranging any fronting facilities, specific and aggregate reinsurance to protect the captive, and locating other service providers e.g. claim assessors/adjusters etc;

Assist with the selection of lawyers, bankers, auditors, investment managers and other service providers, as required by the insurance company;

Assist in the production of the insurance company Business Plan for inclusion in the licence application;

Arrange and attend directors and shareholder meetings;

Maintain the accounts of the insurance company. This will involve establishing the general ledger of the company in a form consistent with international accounting standards.

Financial statements (income and balance sheet plus attendant notes) will be produced no less frequently than quarterly, and distributed according to instructions.

Full financial statements will be prepared at the end of the insurance company fiscal year for audit purposes. As managers, we will liaise with the auditor to assist the efficient completion of the audit;

Monitor investment returns and/or make investments as requested;