WMS Captive Insurance Company Management Services

WMS, LLC provides Captive Insurance Management Services to Captive Insurance Companies Worldwide!

• Provide all Underwriting required by Captive including all Policy Forms, Rates, Premium Calculations, Rules and Loss Costs

• Verify Captive Premium Pricing with Third Party Underwriters and/or Actuaries

• Provide all Policy Issuance, Renewal, Cancellation and Administration in Domicile

• Perform all Premium Invoicing, Collection and Deposits

• Accept all contracts on behalf of  Captive in Domicile

• Pay all Loss Claims on behalf of Captive

• Contract with and Compensate All Third Party Consultants and Service Providers

• Arrange all Third Party Reinsurance required to satisfy the insurance and tax needs of the Captive Please click on ( WMS Captive Reinsurance Services ) for more detail.

• Maintain the Captive's corporate books and records and perform all required corporate house keeping in domicile

• Perform all Captive Accounting including the preparation of periodic Captive Financial Statements and Cession Reports

• Document and Monitor Captive Loan Activity, etc.

• Prepare and File all Regulatory Reports including the Captive NAIC Annual Statement

• Payment of  Regulatory Fees

• Perform Periodic Domicile Solvency Margin & Capitalization Analysis

• Perform Periodic Loss Reserve Analysis

• Coordinate the Captive's Annual Audit by an Auditor who is approved by the  Insurance Regulators of the Domicile (Only if Annual Audit is required)

• Assist CPA Firm in the Preparation of the Captive's Annual Form 1120-PC Tax Return

• Perform ongoing Interface with the Insurance Regulators in Domicile and US Tax Authorities

• Monitor and Respond to Legislation and Regulatory Pronouncements

• Monitor and Implement Options that Optimize the benefits of the Captive to its Shareholders

• Captive Shut Down and Wind Up Activities (If and when required)

WMS Captive Taxation Services - Obtaining an IRS Private Letter Ruling for your Captive

WMS is happy to act on Captive Insurance Company's behalf  to obtain a Private Letter Ruling or Determination Letter from the IRS which guarantees in writing the tax treatment it will receive from the IRS. Since the tax treatment the IRS accords your Captive is critical, we recommend that all Captive request a Private Letter Ruling or Determination Letter from the IRS.       Learn more

WMS provides Captive Reinsurance Pool Access

Reinsurance is a critical part of any well structured Captive Insurance Program. Without the proper amount and type of reinsurance, your Captive will not be able to achieve the degree of risk shifting and risk distribution which are required in order to realize important insurance and tax benefits. These insurance and tax benefits will play an essential role in the future success of your Captive. That's why WMS incorporates the appropriate amount of reinsurance in every Captive it creates. We will also assist you in identifying and selecting a reinsurer who will meet all your reinsurance needs at an affordable low price.        Learn more        

We can also assist you in selecting professional service providers for your captive's ongoing operational needs in any of the following key areas:

• Accounting Services other than audit and CPA.
• Accounting Services/ Auditors / CPA Firms
• Actuaries
• Bankers
• Claims Adjusters and Administrators
• Clerical and administrative personnel services
• Insurance and Reinsurance Brokers and Agents
• Insurance Service Bureaus
• Investment Managers
• Lawyers
• Licensed Insurance Management Company in the Domicile
• Office Rental Agents
• Reinsurers
• Underwriters, CPCU

At WMS we specialize in providing our clients with comprehensive underwriting support including policy forms, rules, rates, loss costs and reserve levels for the following commercial lines of Property and Casualty Insurance:

WMS provides critically needed access to Captive Reinsurance Pools. Reinsurance Pool participation is a critical and essential part of any well structured Captive Insurance Program. At WMS, we incorporate the use of reinsurance in every Captive. By participating in a Reinsurance Pool, a Captive is able to gain essential risk shifting and risk distribution benefits that are critical to reducing and stabilizing its long term loss costs as well as meeting IRS Safe Harbor guidelines which regulate the taxation of Insurance Companies.