Global Captive Management (GCM) has launched Outcomes SPC, a segregated portfolio company aimed at lowering barriers to entry for businesses considering captive insurance.
The new structure is designed to appeal to firms that may be too small or early-stage for a traditional single-parent captive but are seeking long-term risk management stability.
Outcomes SPC allows companies to benefit from the advantages of captive insurance while operating within a shared structure that reduces costs and administrative burden.
Participants retain control of their own insurance programmes, which remain entirely separate from others within the SPC, protecting both assets and liabilities.
Alanna Trundle, president of GCM, says Outcomes SPC “is intended for and attractive to candidates that would also be looking into a single-parent captive company, but who want a lower point of entry”.
“These are companies who have an entrepreneurial spirit, they are willing to take on risk, they have a good loss control programme, they see the captive as a long-term investment, and they are looking for stability in premiums,” she adds.
Trundle notes the structure offers “operational efficiencies, lower levels of government fees, and potentially lower levels of capital required compared to starting a standalone captive”.
She adds that each insurance programme remains independent, “allowing companies to tailor their coverage to their needs”.
Tom Stewart, president of the Holmes Murphy PLUS division, which includes GCM, says: “I am excited to see Outcomes SPC help companies break into the captive space and take control of their own insurance structure.”
