USA Risk Group is pleased to announce the expansion of its captive management office in Scottsdale, Arizona....

Forming a Captive or Risk Retention Group

From initial concept to final implementation, the establishment and management of a captive requires close attention to the many details of financing, taxation, regulatory compliance, coordination with service providers, and administration.

The following list offers a sampling of the steps involved:

Determine your risk exposures and coverage needs.
USA Risk Group can assess your needs, evaluate existing programs, and structure coverages to ensure that you have the most effective risk financing for your exposures.

Assess the viability of a captive or RRG.
USA Risk Group will conduct a preliminary analysis of your risk profile, including exposures and coverage needs, to determine viability.

Determine your fronting and reinsurance needs.
USA Risk can access and negotiate with an extensive network of brokered and direct providers in worldwide markets.

Review the advantages, disadvantages, and requirements of available offshore and onshore domiciles.
Member companies of USA Risk Group are strategically located in leading offshore and onshore domiciles. Your USA Risk Group advisor will refer you to the most advantageous domicile for your unique situation.

Select and contract with service providers such as auditors, actuaries, attorneys, and bankers.
USA Risk will identify and serve as a liaison to selected service providers, ensuring the most cost-effective use of their time.

Meet with regulators and manage application processes for formation, incorporation, and licensing.
USA Risk Group maintains constructive working relationships with regulators in offshore and onshore domiciles. A comprehensive understanding of local requirements and practices enhances the efficiency of the application and approval process.

Provide for ongoing administration and regulatory review.
USA Risk offers a full range of services that simplify administration, including coordination of Board and Shareholder meetings, serving as Directors and Officers, and designing optimal accounting, recordkeeping, and regulatory reporting procedures.