Captive Insurance

With the realization of the substantial advantages to be afforded a parent company, the utilization of captive insurance companies (“CIC”) in the risk management and financial venues has increased over the past decade.  The Stewart Law Firm has knowledge of the operations of CICs in established and progressive jurisdictions and has been involved in the drafting of legislation for and the marketing of CICs in Delaware.  The Stewart Law Firm can assist clients with all aspects of the implementation and operation of CICs, whether the parent company is a multi-national business or a regional enterprise.

The Stewart Law Firm is able to provide advice and assistance with domicile and entity choice, formation, licensing, compliance with statutory and regulatory requirements, maintenance of books and records and interacting with and representing clients before the primary regulator. In addition, the attorneys from The Stewart Law Firm will work side by side with companies and their advisors, including captive insurance managers and other risk management advisors, to ensure the proper operation of the CIC.  Attorneys from The Stewart Law Firm regularly serve as Delaware counsel to a broad range of special purpose vehicles, and in such capacity are uniquely positioned to add value building upon such significant experiences.  The Stewart Law Firm’s extensive involvement in all aspects of special purpose vehicles helps to ensure that the structure is formed and maintained in an efficient and professional manner and to maximize the intended benefits and advantages.