Dip your toe into the risk pool
Artex has developed a pooling mechanism for their clients utilizing insurance risk pools. This solution can help small and middle-market companies smooth out insurance losses to make revenue and expenses more predictable. Risk sharing strategies have been around for a long time—in fact, Lloyd’s starting sharing risk for ship voyages dating back to 1688.
The Artex Exchange (AEX) program enables shared risk between many businesses and many captives. This diversification model also creates a source of third-party risk. AEX may permit the business to reposition the collateral to the captive, thereby freeing up substantial after-tax cash for business use or shareholder distribution.
Read the interview by Becky Butcher with TJ Scherer and Karl Huish of Artex "Dip Your Toe into the Risk Pool," in the Captive Insurance Times.Go To External Link