Captive insurance entities are formed and entirely owned by a non-insurance company, with the purpose of functioning as a primary insurer for the parent company and its subsidiaries. Captives frequently serve as a fundamental component of a company’s local or global insurance program, providing increased adaptability and control over risk management strategies and costs.
With over 30 years of experience serving a wide range of insurance companies, the Brown Plus Insurance Practice includes a specialized focus on captive insurance. Captives can trust our insurance team to provide efficient services and communication for all their tax and business advisory needs.
What Types of Captive Insurers Does Brown Plus Serve?
Our dedicated insurance team serves the following types of captive insurers and more across many domiciles within the United States:
- Alternative Risk Entities
- Employee Benefits Captives
- Self-Insured Groups
- Single-Parent Captive Insurers
Industry Memberships
At Brown Plus, we stay current with developments impacting captive insurance companies. We monitor the activities of the National Association of Insurance Commissioners (NAIC), the Insurance Accounting & Systems Association (IASA), the Insurance Tax Conference (ITC), numerous state insurance departments and the Internal Revenue Service (IRS) to keep up to date.
What Tax and Advisory Services Do We Provide for Captive Insurance Companies?
The Brown Plus Insurance Practice provides captives with a variety of specialized tax and advisory services, including:
Tax Services
- Business Tax Services
- Merger and Acquisition (M&A) Consulting
- Research and Development (R&D) Tax Credit Consulting
- State and Local Tax Services
- Tax Compliance
- 953(d) Elections
Advisory Services
- Business Valuations
- Corporate Governance Annual Disclosure Consulting
- Cybersecurity Assessments (NAIC Data Security Model Law) and Education for Board Members
- Human Resources (HR) Consulting
- Litigation Services
- Outsourced Accounting Services
- Representation with State Regulators and/or AM Best
Why Should Captives Choose Brown Plus for Their Tax and Advisory Needs?
Our insurance professionals are knowledgeable on the state-specific regulations and other complex demands facing the alternative-risk industry. Our Practice maintains excellent working relationships with captive management companies and group administrators, allowing for valued tax benefits. We assist captive managers in meeting regulatory reporting needs and provide consulting services to enable customized solutions, drawing on decades of relevant experience and insight into best practices.
At Brown Plus, we stay current with developments impacting captive insurance companies. We monitor the activities of the National Association of Insurance Commissioners (NAIC), the Insurance Accounting & Systems Association (IASA), the Insurance Tax Conference (ITC), numerous state insurance departments and the Internal Revenue Service (IRS) to keep up to date. We communicate important information on industry updates through regular email newsletters, as well as our annual Insurance Webinar.
Brown Plus is committed to providing the alternative-risk insurance sector with skilled tax and advisory services. Contact us today to learn how we can help you see what’s possible for your captive insurance company!
Our Locations
Brown Plus provides services nationwide with a concentration of clients in the Mid-Atlantic region. Our offices are located throughout Pennsylvania and Maryland.
