In this Power Producers Podcast episode, David Carothers is
joined by Jason
Duby, Captive Manager at Garnet
Captive, to dive deep into the concept of captives and how they can provide
valuable opportunities for businesses, particularly as the market continues to
harden. Jason breaks down the intricacies of captive insurance, explaining how
they work, who benefits, and what sets Garnet
Captive apart from other options in the industry.
and Jason explore the different types of captives, the benefits of
participating in one, and the financial implications for businesses that choose
this route. The conversation also touches on the importance of risk management
and the steps businesses need to take to set up and benefit from a captive
Jason
explains how businesses can form their own insurance group to manage risk,
reduce costs, and potentially recoup unused premiums—highlighting the
efficiency of group captives.
They break down single-parent, group, homogeneous, and protected cell captives,
explaining their structures and benefits for different business types.
Jason outlines Garnet’s faster
distributions, lower upfront costs, and risk management support that help
businesses see quicker returns.
They discuss the cost of joining a captive, including collateral and
underwriting requirements for businesses with strong risk profiles.
Captives allow businesses to customize claims handling and implement tailored
risk management strategies.
David and Jason
advise producers on spotting good captive candidates and warning signs like
poor loss history or price-focused buyers.