Originally published in the Captive Review, Guernsey
Report, October 2008
Glyn Smith of Heath Lambert tells us how to give your
captive a health check to ensure its future
A CAPTIVE should be a long-term, dynamic tool used as an
integral part of a comprehensive risk management strategy or in the
development of an insurance profit centre.
Many captives have been established and in operation for many
years, so how do their owners assess performance against strategic
objectives, continue to achieve optimum risk retention levels and
develop use of their captives to maximum financial benefit as they
mature?
Furthermore, it is likely that as their captives have matured,
owners will have seen their business interests and activities
develop and evolve, much of it against a difficult political
background and highly competitive and demanding market conditions.
In such changing times, captives are able to evolve to respond to
the many challenges which their owners face.
