Own the Insurance You Already Pay For
Retain more of your own risk and keep the underwriting profit an outside carrier would otherwise take. Beagle owns the carrier, the claims administrator, and the program infrastructure.
Feasibility review • Formation • Program management • Claims
What a Captive Actually Is
A licensed insurance company you set up to insure your own risk. Own the bank instead of just depositing into it. The insured facing experience does not change. The owner of the economics does.
Illustrative only. Every captive is structured differently and requires capital reserved up front. A feasibility review produces the real numbers for your portfolio.
Traditional
Premium leaves the portfolio
With a captive
Surplus stays in the portfolio
What We Run For You
Most captive projects stall because they need a broker, an actuary, a manager, and a claims shop who have never worked together. Beagle is all of it.
Feasibility Review
Independent actuarial projections run against your own policies and loss history. If the numbers do not support a captive, we say so.
Structure and Formation
We design the structure, handle the filings, and stand up the entity, including the fronting paper and the reinsurance that moves risk into it.
Program Management and Claims
Underwriting, policy administration, accounting, filings, reserving, governance, and claims, all through our own team. Nothing is subcontracted.
Is This a Fit For You?
The quickest test is your own loss ratio. Utah Insurance Department guidance holds that if claims run below 60 to 65 percent of premium, you are likely subsidizing other insureds and should evaluate a captive. Beyond that, these structures tend to make sense when most of the following are true.
Why Run It With Beagle
Plenty of firms will manage a captive for you. Very few of them are also the carrier.
We Are the Carrier, Not a Broker
Beagle owns and operates its own carrier and its own claims administrator. We can issue the fronting paper your programs are written on and cede the risk into your captive through reinsurance, so there is no third party between you and the underwriting result.
Keep the Underwriting Upside
In a conventional program, the carrier keeps whatever is left after claims and costs. A captive structure is how that residual stays with the organization generating the risk.
One Engagement, Not a Vendor Chain
A captive usually means a fronting carrier, a captive manager, an actuary, a claims administrator, and a tax preparer, each engaged separately and each coordinating on every filing. Beagle is all of them, under one agreement.
Built on a Live Book
We did not learn this from a textbook. Beagle already operates a captive structure behind its own programs, so the mechanics are proven before your organization relies on them.
Frequently Asked Questions
Common questions about captive structures for large property management organizations.
A captive is an insurance structure that allows an organization to retain more of its own risk and participate in underwriting profit, instead of allowing an outside carrier to keep all of the upside. Premium that would have left the business as pure expense becomes an asset the organization has a stake in.
Products That Facilitate Property Management
Beagle products work even better together
Turn Compliance Into a Revenue Stream
A master liability policy that protects property owners from tenant-caused damage. Beagle handles enrollment, billing, and compliance monitoring automatically.
Lower Move-In Barriers, Keep Full Protection
Replace traditional security deposits with a low monthly fee. Reduce move-in costs for residents while maintaining your financial protection against damages.
Open Your Portfolio to Pet Owners
Cover property damage caused by pets and dog bite liabilities. Attract pet owners without increasing risk to your portfolio.
Your Benefits, Your Markup, Your Revenue
Beagle never takes a cut of your revenue: you keep 100% of the markup on every benefit you offer. Set your own pricing and build a new profit center for your portfolio.