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ALTERNATIVE RISK SOLUTIONS

Risk Financing risk through mechanisms other than traditional insurance becomes important when you want to maintain overall control of your risk management program. The alternative risk market traditionally includes captives and elements of self-insurance, such as large deductibles or self-insured retentions. However, many other approaches have evolved. Other techniques now often being used are rent-a-captives, group captives, non-controlled foreign corporation dividend programs, and multi-year/multi-line insurance placements. The evolving esoteric capital markets approaches are being investigated as other alternatives, although are not widespread and not as generally applicable to most risks.

The key element of these alternatives is the tailor made aspect of the program. Each program needs to be analyzed specifically for your particular anticipated cost/benefit outcome. Elements such as cash flow, optimum deductibles, your long range planning goals, tax efficiencies, and frictional cost of establishing the mechanisms both internally and externally must be properly analyzed.

The expertise and judgment required for these types of plans are gained through seasoned market knowledge along with experience in and insight into the underwriting and risk management disciplines. The staff at MHBT has experience in the underwriting and marketing of large risks as well as managing self-insurance, large deductibles, and captives from the risk management perspective. We are available to work with you in designing and implementing a cost effective and advantageous program that will meet your needs.

For those unique and unusual risks and coverages that require an "invention of policy," our knowledgeable staff can understand and represent your needs to underwriters of the many companies available to MHBT. We are able to model a program that will ultimately meet your goals with respect to risk finance and overall control of your risk management program.