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Captive Management
Who We Are | Why Form A Captive | How We Can Help | Services We Provide | Contact Us Who We AreSB&T Captive Management Company traces its history back to the earliest days of the captive industry in Vermont. Our president, Roger Teese, played a key role in developing this industry, serving as Chairman of the Vermont Captive Insurance Association during the first two years of its existence. Since that time we have built strong professional ties to the captive insurance regulators and developed long-standing relationships with many other providers which may service your captive in legal, audit and actuarial capacities. These established relationships help ensure that your experience in forming and operating a captive will be a smooth and pleasant one. SB&T Captive Management is an affiliate of Smith, Bell & Thompson, Inc. who in December 2004 was acquired by Hilb Rogal & Hobbs ( HRH ). SB&T Captive Management is a separate and distinct unit from the HRH brokerage business. All information about our clients is kept strictly confidential, yet if the situation arises we do have the resources of HRH at our disposal. SB&T Captive Management is respected by many large, mid-sized and small brokers due to our experience and the quality service we have provided since 1982. Our experience and structure permits us to be problem-solvers, not just number crunchers. We can be very flexible, providing underwriting, policy issuance and administration in any combination that you may desire. SB&T stands ready to assist clients and brokers with creative alternatives to traditional insurance, banking, and investment. As a major player in captive management, we also have full access to worldwide insurance and reinsurance markets, which we know how to use for your advantage. We have now amassed a captive client base with over $1 billion in assets and $385 million in premiums. Our clients range from manufacturers to professional organizations to non-profits. We also work closely with insurance brokers throughout the country seeking alternative insurance arrangements for their clients. CAPTIVES Why should you consider this option?Organizing as a captive is a form of self-insurance. There are numerous types of captives including pure parent captives, association captives, industrial insured groups, risk retention groups, branch captives and sponsored captives. SB&T works with them all. There are many good business reasons for forming a captive: Gain control over insurance costs Participate in investment earnings Improved net cash flow Direct access to the reinsurance markets Stability in your insurance products Tailor-made coverage to meet your needs Possible tax benefits Fewer regulatory restrictions Formalization of risk management program Improved loss control and claims handling services. SB&T What we can do for you...Our goal is to be a partner in the relationship versus just another service provider where we can share over 20 years of experience. Many diverse clients have sought our assistance in establishing and licensing their own captive insurance companies. SB&T will assist you through the process, from preparing the application and overseeing the feasibility study, to commencing business after the captive license is issued. You may choose to utilize our many relationships with fronting carriers and reinsurance arrangements in the United States (and worldwide). In your capacity as a captive owner, we can assist you with regulatory items by filing all applicable forms with the various state regulators. We can also be instrumental in helping you select service providers, and can generally serve as your liaison with regard to regulatory items and service provider issues SB&T Captive Management Company will be there to assist you every step of the way! SB&T Services we can provideServing you is our main goal. The following is a partial list of services we provide. However, in developing a custom-tailored program to fit your particular needs, we would be happy to perform other services that may be required.Feasibility study and application coordination
SB&T Where to find us...
Gateway Square Phone: (802) 863-5774 or (800) 735-1800, Fax: (802) 862-1424 |
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