Broker and MGA Facilities
Our Broker and MGA Facilities are ready-made frameworks focused on providing you with more clarity and control over risk financing decisions.
Cell captives have been one of the most important steps in the evolution of the captive insurance space, and have become an integral component of the self-insurance market in many of the established captive domiciles. In fact, the growth of such vehicles now outpaces that of traditional captives.
Often referred to as a segregated account company (SAC), a segregated portfolio company (SPC) or a protected cell company (PCC) these plug-and play cellular insurance and (re)insurance solutions — cell companies — ensure the benefits associated with captive insurance ownership are also available to organizations of all sizes.
Through the combination of our Artex-sponsored and client-sponsored cell companies, Artex is now the world's largest manager of cell captives. Our experienced global teams provide service support for the lifecycle of the structure — from the initial feasibility study through formation and ongoing management. Moreover, we offer domicile neutrality and complete independence throughout, unencumbered by ties to specific domiciles or territories. Our focus is solely our client's business objectives.
We currently manage nearly 1000 individual cells for all sizes of business — from small-scale operations to multi-national organizations that encompass a wide range of industry sectors. Our client-driven approach combines international experience with local market expertise, allowing us to deliver a plug-and-play solution that capitalizes on our global access and local insight. The cell solutions we design are based on each customer's individual risk profile, ensuring that our strategies are aligned with each organization's requirements. The flexibility of these structures also enables us to be responsive to changing market conditions and organizational dynamics.
Inside a cell company.
Cell companies can be used in two ways: A parent company can own the whole company, using its separate cells to segregate its risks into different accounts. Or, parties can create individual cells that are independent of the cell company owner. The second method has become a popular risk solution for smaller companies, because the capital requirements of individual cells are significantly lower than those for a captive.
A cell company can be designed to fund increased deductibles under a company's commercial insurance policies, such as property, automobile, employer's liability and product liability, and to write niche insurance products such as cyber liability and supply chain disruption where standard coverage is excessively expensive or unavailable.
Benefits of a cell company.
- Speed of setup, with easy access to an extensive network of own and client-sponsored cell companies
- Assets and liabilities segregated and protected from other cells
- Lower setup and annual operating costs
- Program design flexibility
- Lower exit costs
Often referred to as a Rent-a-Captive, our PCC solution — PremierComp+ — was established in 2002 as a more simplified approach to alternative risk transfer for clients who are interested in less downside risk than most captive programs. This loss sensitive program delivers the right combination of competitive premiums, A.M. Best "A" rated security and long-term cost stability. Benefits include: no capitalization, manageable collateralization and underwriting profits returned to the insured.
Preferred Account Profile
- Target Premium: $250,000-$2 Million
- Firms having the desire to move from guaranteed cost to an alternative risk program
- A discernible management commitment to loss control and workplace safety
- Financially strong firms having the desire to take control of their insurance costs
- Open to a broad range of classifications, including: Automotive Dealers, Agriculture, Construction, Hospitality, Manufacturing, Property Management, Restaurants, Transportation, Wholesale/retail, Warehousing
TOPIC (Transportation Operators Protection Insurance Cell) is a rent-a-captive solution offering many of the advantages of captive ownership with the simplicity of renting. This includes potential return of underwriting profit, as well as unbundled claims handing, loss control, and claims advocacy services.
Preferred Account Profile
- Target Premiums: $250,000 - $2 Million
- Coverages include workers' compensation, commercial auto and general liability
- A discernible management commitment to loss control and workplace safety
- Financially strong firms having the desire to take control of their insurance costs
- Open to a broad range of transportation classifications, including but not limited to: dry van, refrigerated goods, grain and agricultural products, flatbed operations, and sand and gravel
Apartment owners often require tenants to carry renter's insurance, but the process of verifying coverage, subrogating losses and tracking certificates can be a nightmare for property managers and can leave the property owner at risk when the renter's insurance does not respond effectively to a loss.
In North America, Artex has developed a unique captive insurance solution for owners of multi-family housing properties. This solution not only provides the process and technology to effectively implement a renter's liability program, but also provides a structure that provides the property owner with a tenant-funded mechanism to fund for potential losses and may result in an additional revenue stream to the property owners.
Related Products & Services
Formation Management Domiciles
Our highly skilled captive formation specialists provide all types of captive structures in any domicile where the required legislation exists.
Single-Parent Captive
Artex manages in excess of 500 single-parent captives with premium sizes ranging from $300,000 to over $100 million.