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ARTICLE · 16 MAY 2019

It's Time For A Captive Check-Up

Butler Snow LLP
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A lot of work goes into forming a captive. It may take prospective captive owners several years to get all of the internal stakeholders behind the idea of forming a captive.

United StatesCorporate/Commercial Law

A lot of work goes into forming a captive. It may take prospective captive owners several years to get all of the internal stakeholders behind the idea of forming a captive. It may then take upwards of a year to execute the final design and implementation of the captive program. One couldn't blame the company risk manager or CFO if they decide to take a break from getting into the details of their newly formed captive and entrust the ongoing operations to the captive manager or program manager. While there is nothing wrong with letting the captive manager and service providers some time to execute the plan of operation, captive owners should mark their calendar for a comprehensive health check-up two or three years down the road.

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