What is a Captive?
A captive is a special purpose insurance company that insures the risk of its owners and if desired affiliated third parties. Captives are WHOLLY OWNED SUBSIDIARIES CREATED TO PROVIDE INSURANCE TO THE PARENT COMPANIES. A sophisticated way to self insure and provide significant after tax returns to the owners and their Estates.
- All 30 Companies Comprising the Dow Jones Industrials own Captives
- World Trade Center Captive Insurance Company - In July of 2004, the World Trade Center Captive Insurance Company was created by New York City with funding from the U.S. Federal Emergency Management Agency (FEMA).