Wrap Ups

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A “Wrap Up” is when the owner of a project or prime contractor assumes responsibility for all of the insurance on a job. This method of covering all of the insurance for all contractors at one [...]

Loss Portfolio Transfers

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A Loss Portfolio Transfer is a financial reinsurance transaction in which loss obligations that are already incurred and will ultimately be paid are ceded to a reinsurer. In determining the [...]

Third Party Administration

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A third-party administrator (TPA) handles various types of insurance administration responsibilities, on a fee-for-services basis. TPA responsibilities typically include claims administration, [...]

Captives (on/off shore)

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A Captive is described as an insurance company that has as its primary purpose the financing of the risks of its owners or participants. Captives are typically licensed under special purpose [...]

Risk Retention Groups

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A Risk Retention Group is a self-insurance plan or group captive insurer operating under the Risk Retention Act (RRA) of 1986 that covers all liability exposures, other than workers’ compensation [...]

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