A captive solution is just on of several alternatives to traditional insurance solutions or ”Risk Transfer” belonging under our general headline “Risk Management Solutions”. Other typical alternative solutions are loss sensitive or high deductible programs.
When companies of a considerable size with well-known claims patterns and/or with a specific catastrophe exposure wish to retain a share of the insurable risk these types of alternative insurance solutions is an alternative to traditional – risk transfer – insurance solutions.
When a merger or acquisition takes place certain warranties are agreed between the parties. Chartis makes insurances tailored to cover breach of warranties, which uncovered can result in costly liabilities.