- End-of-Year Licensing Opportunities
- Sponsored Cell Captives offer a Quick Way to License a Captive
- JLTIM offers its sponsored cell facility, Isosceles Insurance Company
NEW YORK, NEW YORK (NOVEMBER 27, 2017) – As 2017 draws to a close, risk managers are dealing with the usual concerns, as well as a couple of new ones. In the usual category, captive licensing deadlines for 2017 are nearing. Among the new concerns, rising premiums in some lines of insurance may squeeze some risk budgets in 2018. A rent-a-captive, also known as a sponsored cell captive, offers a potential solution in both cases.
“Captives are an effective way to finance risk, particularly when traditional insurance markets harden,” says JLT Insurance Management (USA) LLC Managing Partner Thomas P. Stokes. “Organizations may also use sponsored cell captives to fund niche insurance or the offshore risks of a domestic company, and access reinsurance and fronting arrangements.”
Sponsored cell captives segregate the assets and liabilities of each client, and generally offer lower start-up and exit costs and less administration. They are also a quick way to license a captive.
JLTIM offers clients its cell facility solutions, Isosceles Insurance Companies, which are domiciled in the U.S., Bermuda, Barbados and Guernsey.
Contact us to learn more about Isosceles and how we can assist you with all of your risk management and risk financing efforts.
Anne Marie Towle
Tel: +1 317 922 4390
Tel: +1 802 391 3081
NOTES TO EDITORS:
About JLT Insurance Management (USA) LLC
JLTIM USA is an independent, full-service captive insurance management and captive consulting company with a multi-domicile reach. JLTIM USA is a part of Jardine Lloyd Thompson Group.
About Jardine Lloyd Thompson
Jardine Lloyd Thompson is one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT’s client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.
JLT is quoted on the London Stock Exchange and owns offices in 40 territories with more than 10,600 employees. Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries.
For further information about JLT, please visit our website www.jlt.com.