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Captive Insurance & Alternative Risk Solutions

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In today’s competitive market, traditional insurance can struggle to keep pace with the unique and complex realities of many organizations. 

Captive insurance and alternative risk financing offer a powerful alternative—supporting greater control over claims, improved pricing stability over time, and the ability to address exposures that can be difficult to place in the commercial market.

For over 50 years, Brown & Brown has helped organizations explore alternatives to traditional insurance and has pioneered many of the most innovative captive design concepts in the industry today. As a leader in alternative risk management since 1981, our teams bring risk optimization and financing experience across a wide range of captive structures.

Brown & Brown Captive Practice: Scale, Sophistication, and Recognized Performance

Our captive work spans the full spectrum—from organizations launching early-stage programs to some of the largest and most complex captive engagements in the market.

Brown & Brown currently manages over 1,000 captives and alternative risk structures across 25 domiciles in North America, supported by a team of 200+ dedicated captive professionals. Our scale includes $25B in assets under management and over $10B in gross premiums under management. 

Operational discipline matters in captive management. Brown & Brown is also noted as the first captive manager to invest in a SOC 1 Type 2 audit under SSAE 18, reinforcing a controls-focused approach that supports consistent, dependable delivery.

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Dedicated Team. No Outsourcing.

Brown & Brown offers dedicated captive personnel with professional designations including CPCU, ARM, CPA, and CA, and we do not outsource our captive management services. This structure supports continuity, responsiveness, and consistent delivery aligned to your reporting calendar and governance needs.

Award-Winning Captive Management

Brown & Brown’s captive management and consulting practice is widely recognized for performance, innovation, and leadership in the captive industry. Recent recognition includes multiple honors such as Top 5 Captive Manager in the Business Insurance rankings, Captive Review U.S. Awards including Captive Manager of the Year – More than $1B GWP (Winner: Brown & Brown) and Captive Service Professional of the Year (Winner: Matt Takamine – Brown & Brown). Brown & Brown was also Highly Commended for Captive Consultant of the Year. 

This recognition builds on a track record of repeated honors over time, including the practice’s continued presence in Captive Review’s Power 50 industry rankings, which highlight influential leaders shaping the captive marketplace.

Brown & Brown Captive Insurance Services

We offer a comprehensive, personalized solution tailored to help meet your unique needs across the captive lifecycle, including: 

  • Annual actuarial analysis and support
  • Audit support
  • Banking oversight
  • Brokerage and analytics support
  • Budget preparation and review
  • Business plan approval support
  • Captive/alternative risk consulting
  • Captive management
  • Coordinate and attend annual captive meetings
  • Critical analysis around risk retention
  • Domicile representation
  • Feasibility services
  • Financial statement management (monthly, quarterly and annual)
  • Policy review
  • Regulatory examination support

Important note: We do not provide tax advice or legal filing services.

Financial Reporting and Audit Support

Captive reporting needs to be accurate and on schedule—every cycle—because it supports meaningful decisions about risk financing, retention, and program performance.

As captive managers, we support financial reporting needs and deadlines and can tailor deliverables to your requirements. Our reporting can extend beyond balance sheets, income statements, and cash flow statements, including underwriting reports by line of business and policy year, pro forma projections, cash flow projections, and other analyses aligned to operational and governance objectives.

Benefits of Captive Insurance Programs

Captives can do more than finance risk—they can support resilience and growth. When used as a strategic tool, a captive may help reduce volatility, strengthen decision-making with better data, and provide flexibility to reinvest potential savings into areas such as innovation, expansion, or employee benefits.

We take a holistic view of alternative risk financing and bring a disciplined review cadence, so your program remains aligned to evolving exposures, market realities, and governance expectations.

Coverages Captives May Support

Captive programs can support a wide variety of coverages, including (but not limited to):  

  • Auto Liability
  • Business Interruption
  • Business Travel Accident
  • Crisis Response
  • Cyber
  • Difference in Conditions
  • Earthquake/Windstorm
  • Excess Liability/International Liability
  • Extended Service Contracts
  • General Liability
  • Healthcare Professional Liability
  • International Employee Benefits
  • Professional Liability
  • Property
  • TRIPRA
  • Workers’ Compensation

For Private, Midmarket Organizations

For private, midmarket organizations, Brown & Brown delivers comprehensive captive management through Risk Management Advisors (RMA), a national firm specializing in the design, structuring, and management of captive insurance companies. 

Frequently Asked Questions About Captive Insurance

Captive insurance is an alternative risk management approach where a business forms and owns an insurance company—known as a “captive”—to insure the risks of its parent company or a group of related entities. Compared to traditional insurance, a captive can support more tailored coverage, greater control over insurance costs and claims, and improved stability in pricing over time.

There are many types of captive insurance companies, including single-parent captives and group captives.

A single-parent captive is set up to insure one business or a series of related businesses. It can offer greater control and can be tailored to meet the organization’s specific needs, including certain exposures that may be difficult to place in the commercial marketplace.

Group captives are owned by a group of companies that share similar risks. Group captives can offer shared scale and risk sharing, and they can also be structured to reflect the member companies’ priorities and coverage needs.

Depending on program structure and objectives, captives may support a broad range of risks, including:

  • Auto liability
  • Business
  • Directors and officers
  • Employee benefits, including medical stop loss
  • Environmental
  • Extended warranty
  • General liability
  • Large deductible programs
  • Legal expenses
  • Medical malpractice
  • Property damage loss waiver
  • Reputational risk and cyber liability
  • Supply chain interruption
  • Tenant damage waiver
  • Workers’ compensation

Sizeable organizations that can control their company’s risk performance and outcomes are often strong candidates for captives. They are frequently best-in-class in their market or industry and have the systems and processes in place to outperform others.

Captives can be especially compelling in challenging market conditions or when organizations want a more intentional approach to risk financing, retention, and long-term program stability. Some of the insurance challenges these organizations may face include:

  • Existing captives that need assistance with basic organizational, administrative, and financial management to stay aligned with regulatory requirements
  • Hard markets, including rising insurance premiums, increasing deductible limits, new policy exclusions, and the imposition of sub-limit caps
  • Lack of customizable coverages in the commercial marketplace, including legislative/regulatory changes, administrative actions, and business interruptions
  • Rising costs of employee benefits, administration, and compliance with insurance programs

Additional Resources

Connect with Brown & Brown

Schedule a consultation with our captive specialists to discuss how we can help you evaluate, structure, or manage a captive program that supports long-term resilience and financial stability.

Connect with Our Team