How to Find a Captive Insurance Manager: A Strategic Guide for Business Owners
- Nate Jones, CPCU, ARM, CLCS, AU
- Nov 12
- 2 min read
Captive insurance is a powerful tool for businesses looking to take control of their risk management and reduce long-term insurance costs. But setting up and managing a captive requires specialized expertise. That’s where a captive insurance manager comes in.
In this guide, we’ll walk you through how to find a qualified captive insurance manager, what to look for, and why Wexford Insurance is a trusted resource for captive insurance consulting.
What Is a Captive Insurance Manager?
A captive insurance manager is a licensed professional or firm that oversees the day-to-day operations of a captive insurance company. Their responsibilities typically include:
Regulatory compliance
Financial reporting
Claims management
Underwriting and policy issuance
Risk assessment and mitigation strategies
Choosing the right manager is critical to the success of your captive insurance program.
Why Businesses Choose Captive Insurance
Before diving into how to find a manager, it’s important to understand why businesses opt for captive insurance:
Cost Control: Captives can reduce insurance costs over time.
Customization: Policies can be tailored to specific risks.
Profit Retention: Unused premiums stay within the business.
Improved Risk Management: Captives encourage proactive risk mitigation.
How to Find the Right Captive Insurance Manager
Here are key steps and criteria to help you find the best captive insurance manager for your business:
1. Look for Industry Experience
Choose a manager with experience in your industry. Whether you're in trucking, excavation, construction, or security services, industry-specific knowledge ensures your captive is structured effectively.
2. Verify Licensing and Credentials
Captive managers must be licensed in the jurisdictions where your captive operates. Check for certifications such as ACI (Associate in Captive Insurance) or ARM (Associate in Risk Management).
3. Evaluate Their Services
Some managers offer full-service solutions, while others specialize in certain areas. Make sure their offerings align with your needs, including:
Feasibility studies
Captive formation
Ongoing management
Regulatory filings
4. Ask About Technology and Reporting
Modern captive managers should offer digital dashboards, real-time reporting, and secure data management systems.
5. Request References and Case Studies
Ask for examples of successful captive programs they've managed. This helps you gauge their track record and client satisfaction.
Why Wexford Insurance Is a Trusted Captive Insurance Consultant
At Wexford Insurance, we specialize in helping business owners nationwide explore and implement captive insurance solutions. With deep expertise across industries like trucking, excavation, security, and more, our team provides:
Feasibility analysis tailored to your business model
Customized captive structures that align with your risk profile
Ongoing management and compliance support
Educational resources to help you understand your options
Whether you're a seasoned entrepreneur or just exploring captive insurance for the first time, Wexford Insurance is here to guide you every step of the way.
Final Thoughts
Finding the right captive insurance manager is a strategic decision that can significantly impact your business’s financial health and risk management. By partnering with a knowledgeable consultant like Wexford Insurance, you gain access to industry-specific expertise and a team committed to your long-term success.
Ready to explore captive insurance for your business? Contact Wexford Insurance today to schedule a consultation and discover how a captive can work for you.
