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Captive Management Services


We are an enthusiastic manager – we enjoy working with our clients and with their captive boards and finding new and better ways to contribute to their success. The domicile team allocated to your captive will reflect that enthusiasm, coupled with specific experience in your business sector.

The core functions involved in captive management are carried out by your captive management team in the appropriate domicile. That team will be comprised of professionals qualified and experienced in each of the relevant disciplines, which include:

  • Insurance

  • Underwriting

  • Claims

  • Accountancy

  • Company Secretarial

  • Corporate Governance


These core functions are carried out in the domicile in order to comply with the requirements of the Regulator, and demonstrate that the captive has a true domicile base and identity.

Every client has access to a qualified insurer (Associate of the Chartered Insurance Institute or better), a Chartered Accountant and is supported by a number of experienced administrators. Each office has a support infrastructure including a Compliance Officer, a dedicated IT unit, corporate secretarial expertise and a fully trained Money Laundering Reporting Officer.

Willis has established effective relationships with the Regulators in each domicile, all major (and many minor) fronting insurers and reinsurers, broking houses etc. to facilitate the smooth and effective administration of your captive insurance program.

We have also established relationships with all major banks, investment managers, legal advisers, and auditors etc. to ensure the smooth running of the company. Whether management requirements are for a cell, PCC or captive, Willis has a team of dedicated professionals available.

Our key technical functions include:

Insurance Management

  • Captive development and programme design

  • Underwriting

  • Premium administration

  • Policy documentation

  • Claims handling, administration and reporting

  • Liaison with insurance and reinsurance brokers

  • Maintaining underwriting accounts and statistics

  • Claims analysis and MI

Accountancy

  • Management accounts

  • Group consolidation reporting

  • Statutory annual accounts

  • Full accounting documentation including budgets and cash flow statements

Company Secretarial

  • Compliance with local regulations

  • Provide registered office

  • Act as General Representative

  • Maintenance of corporate records

  • Notice and Minutes of directors’ meetings

  • Preparation of board papers

Corporate Governance

In line with international ‘best practice’ and the relevant regulatory Codes of Conduct, the production and maintenance of a governance framework including:

  • Procedure Manual

  • Key Risk and control Matrix

  • Schedule of Key Actions

  • Provision of Money Laundering Reporting Officer and Compliance Officer as required

Banking and Investments

  • Cash management

  • Monitoring of investment managers as required

  • Monitoring currency exposures

  • Authorisation and payment of expenses

Consulting and Technical Support

  • Professionally qualified staff

  • Access to the wider knowledge base of other members of the captive practice worldwide

  • The resources and expertise elsewhere throughout Willis

Board of Directors’ Meeting Pack

These Packs are key deliverables covering all aspects of captive governance and operation and represent one of the more visible outputs from the Manager.

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