Captive Insurance

Insurance

  • Print This Page Email This Page

Stevens & Lee has extensive experience in evaluating, structuring and forming captive insurance companies and other risk financing vehicles. We provide legal counsel in connection with the design and implementation of alternatives to traditional commercial insurance, as well as the ongoing operational aspects of an alternative risk program.

We work with various alternative risk formats, including pure captives, group captives, protected cell companies, risk retention groups and self-insurance trusts. We have represented various parties to transactions, whether the organizer of a captive, a prospective member of a risk retention group, or the board of directors considering a fundamental transaction. We have also worked on transactions involving numerous different onshore and offshore domiciles.

Stevens & Lee is involved in all aspects of the following:

  • Domicile analysis
  • Effective structuring of a program, including selecting the appropriate form of entity and advice on corporate governance and securities law requirements
  • Tax planning, including the special issues surrounding tax-exempt organizations
  • Drafting and review of essential documents, including corporate documents, offering documents, subscribers’ agreements and other reciprocal documentation, policy forms and reinsurance agreements
  • Licensing approvals
  • Special regulatory matters, including problems involving the registration of risk retention groups, approval of fundamental transactions and securing regulatory exemptions
  • Loss portfolio transfers
  • Disclosure issues surrounding insurance brokers

Stevens & Lee has particular expertise in the health care industry, where we have worked on behalf of numerous hospitals, physician groups and nursing homes to create captives or risk retention groups covering medical malpractice exposures.

We also have represented clients operating in other industries, including technology, real estate and construction, auto dealers, franchisors and financial services concerns. Stevens & Lee also has particular expertise in the formation of group and association worker’s compensation captive insurance programs, as well as state licensed worker’s compensation companies.

Stevens & Lee maintains an office in Charleston, South Carolina, to assist clients and other service providers in licensing under that state’s laws. We also provide legal and consulting services in a number of other jurisdictions in which captives are often domiciled. These include Vermont, the District of Columbia, Delaware, Bermuda and the Cayman Islands, among others.

Ballarotto_Jacob

Jacob E. Ballarotto

Associate

jeb@stevenslee.com

vcard

Princeton: 609.243.6438

Christensen_Megan

Megan M. Christensen

Shareholder

mmc@stevenslee.com

vcard

Princeton: 609.987.5330

Demmy_John

John D. Demmy

Shareholder

jdd@stevenslee.com

vcard

Wilmington: 302.425.3308

Fox_Tammy

Tamara L. Fox

Associate

tlf@stevenslee.com

vcard

Harrisburg Market Square: 717.255.7354

Gill_Sunjeet

Sunjeet S. Gill

Shareholder

ssg@stevenslee.com

vcard

Valley Forge: 610.205.6076

Philadelphia: 610.205.6076

Goldberger_Lenny

Leonard P. Goldberger

Shareholder

lpg@stevenslee.com

vcard

Valley Forge: 610.205.6046

New York: 212.774.5929

Henefer_Tom

E. Thomas Henefer

Shareholder

eth@stevenslee.com

vcard

Reading: 610.478.2223

Kelso_Wes

Wesley R. Kelso

Shareholder

wrk@stevenslee.com

vcard

Lancaster: 610.478.2242

krulewicz_david

E. David Krulewicz

Associate

edk@stevenslee.com

vcard

Princeton: 609.243.6430

Lewis_Tom

Thomas B. Lewis

Shareholder

tbl@stevenslee.com

vcard

Princeton: 609.987.5335

Payne_Bill

William J. Payne

Counsel

wjp@stevenslee.com

vcard

Valley Forge: 610.205.6041

Ravis_Julie

Julie E. Ravis

Shareholder

jera@stevenslee.com

vcard

Reading: 610.478.2077

Robinson_Eric

Eric M. Robinson

Shareholder

emr@stevenslee.com

vcard

New York: 212.537.0408

Scheim_Charlie

Charles C. Scheim

Shareholder

ccs@stevenslee.com

vcard

Reading: 610.478.2282

Scobie_Jonathan

Jonathan A. Scobie

Associate

jasc@stevenslee.com

vcard

Princeton: 609.987.6656

Spencer_Scott

Scott H. Spencer

Shareholder

shs@stevenslee.com

vcard

Harrisburg Market Square: 717.399.6634

Thornton_Bill

William P. Thornton, Jr.

Shareholder

wpt@stevenslee.com

vcard

Philadelphia: 215.496.3820

Reading: 610.478.2020

Related Resources