The Captive Alternative

Whitehead, William G.
November 2003
Financial Executive;Nov2003, Vol. 19 Issue 8, p25
Academic Journal
This article focuses on the use of captive alternative, a long-term solution used by financial managers in small and middle-sized enterprises that was once confined to large companies. The author discusses some of the challenges faced by financial managers and examines the benefits offered by captives for an organization's financial health. The author discusses the differences between single and group captives and outlines how to reduce to the risk of entering into one of these arrangements. The author also discusses factors considered by financial executives before establishing their company's own insurance enterprise which include weighing the costs, choosing the best advisors, determining policy issuance and deciding how to manage the captive.


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