Running an insurance company, even a small one, demands specialized expertise. A captive manager is a firm or professional that handles the day-to-day operations of a captive insurer on behalf of its owners. Services typically include underwriting administration, regulatory filings, accounting, and coordination with actuaries and auditors.

Most captive owners are industrial or service companies without in-house insurance operations staff. The manager supplies that infrastructure under a formal management agreement. Fees are usually fixed or based on premium volume. The quality of the manager directly affects compliance and the captive’s reputation with regulators.

Managers often maintain offices in popular captive domiciles and maintain relationships with local regulators, banks, and service providers. They do not normally assume underwriting risk themselves. Clear governance ensures that strategic decisions remain with the captive’s board while routine execution is delegated.

• Firm that operates a captive insurer for its owners
• Handles administration, compliance, and reporting
• Works under a management agreement
• Does not typically bear insurance risk