A single parent captive is owned by one parent company and provides insurance coverage exclusively for that company and its subsidiaries. This structure offers maximum control and allows the parent company to retain underwriting profits while managing its specific risk profile.

Best for: Large corporations with significant insurable risks seeking complete control over their insurance program.

A group captive is collectively owned by multiple companies that share common interests or operate in similar industries. The captive provides coverage for all member companies, allowing them to pool resources and share risk management expertise.

Best for: Companies in the same industry seeking to collaborate on risk management and benefit from shared economies of scale.

A rent-a-captive is owned by a third-party provider and made available for use by other companies. The renting company becomes a participant in the captive, gaining access to captive insurance benefits without the capital requirements and administrative burden of establishing their own captive. Participants can share in the management and profits of the captive.

Best for: Companies exploring captive insurance without the initial capital investment required to establish their own entity.

A protected cell captive is designed to segregate the assets and liabilities of different "cells" within the same captive structure. Each cell operates independently, allowing multiple companies to maintain separate insurance policies within one captive entity while protecting each cell's assets from the liabilities of other cells.

Best for: Multiple unrelated companies seeking captive benefits while maintaining clear separation of assets and liabilities.

Similar to a protected cell captive, a segregated portfolio captive creates separate legal entities for each portfolio within the captive structure. This provides an even higher degree of separation between assets and liabilities, offering enhanced legal protection and financial security for each portfolio.

Best for: Companies requiring the strongest level of asset protection and legal separation within a captive structure.

Note: Wilkes Insurance Ltd operates as a Segregated Portfolio Company regulated by CIMA, providing maximum security and transparency for our clients.

An association captive is created and owned by a formal association of companies with shared interests or industry connections. The captive provides insurance coverage for all member companies within the association, fostering collaboration and collective risk management.

Best for: Trade associations, professional groups, or industry organisations seeking to provide insurance benefits to their members.

A special purpose captive is established to provide coverage for specific, unique risks that traditional insurance companies are unwilling or unable to cover. These captives address niche risk exposures and offer highly customised solutions.

Best for: Companies facing unusual or hard-to-insure risks that fall outside standard insurance markets.