Alternative Risk
Do you have unique risks that aren’t addressed by traditional solutions? If so, Capstone Management Group has developed a family of services and offerings to help. We provide a variety of risk-bearing entities with coverage and protection beyond traditional insurance and reinsurance services.
Self-Funding/Managing General Underwriter (MGU)
As an MGU, Capstone provides underwriting services on behalf of many carriers to our brokers seeking alternatives to traditional markets. As an independent third party, we are able to provide underwriting services to brokers seeking multiple options for their clients efficiently with in-depth product expertise.
Workers Comp
Capstone specializes in comprehensive underwriting and risk management solutions for owners and operators who have elected self-insurance as an option for their workers’ compensation programs.
The workers’ compensation industry continues to face significant challenges in today’s evolving insurance and economic environment. As a result, more employers are seeking alternative risk programs as a way to move away from the uncertainty of the traditional insurance market and gain greater control over their risk and claims.
Over the years, Capstone Management Group and its team have demonstrated the experience and expertise necessary to assess, underwrite, and structure efficient and effective self-funded workers’ compensation programs. With deep roots in the reinsurance space, our team understands the complexities and risks associated with workers’ compensation and is well positioned to assist prospective self-insured employers with all aspects of their coverage needs.
Capstone Management Group has become a trusted resource for firms choosing self-insurance for their workers’ compensation programs. We are committed to delivering advanced risk management strategies that help stabilize utilization, reduce claims costs, and improve overall financial outcomes.
As employers take a closer look at total workers’ compensation program costs, self-insured groups continue to stand out as one of the most cost-effective options available.
Captive Insurance Solutions: Captive Formation & Management
Capstone Management Group delivers an alternative perspective to the conventional insurance market. We provide individual businesses, groups, and associations the opportunity to control their insurance costs through the formation and oversight of alternative risk transfer programs.
In its simplest and purest form, a captive is an insurance company that only insures all or part of the risks of its parent/owner. However, this definition is rather narrow and fails to reflect the way in which captives have developed over the years. It may be more useful to describe a captive as an insurer that writes risks whose origins are restricted, or risks to which it has unique access.
Capstone Risk Management Services
In today’s business environment, owners, associations, and corporations demand increased creativity and support from the insurance and reinsurance industries.
Capstone is well aware of the challenges that accompany forming and operating insurance captives and managing their many moving pieces. Capstone works closely with its clients to foster long-term, dedicated partnerships.
Using alternative risk, captives, reinsurance, and stop-loss services, Capstone strives to minimize risk and its associated costs through careful examination and hands-on management. Capstone provides a full range of services from product design, administration, actuarial, and insurance/reinsurance underwriting services.
Capstone can assist in the formation and management of the following programs:
self-insured programs
single-parent captives
group captives
association captives
agency captives
rent-a-captives
cell captives
Capstone has the resources and capabilities to work with agents, associations, and other groups from start to finish in the captive process. It monitors all service providers on an ongoing basis to assure that the program meets client needs and expectations. Capstone also assists in the marketing and placement of reinsurance and fronting carriers for existing captives or other alternative market programs.