Independent captive advisory for organizations that need clarity, control, and economic discipline in their insurance programs.
Typically relevant when annual insurance premium spend exceeds €500,000.
Berrizal Partners advises organizations with complex insurance programs—typically spending €500,000+ per year—that want to use captive structures to improve risk financing without disrupting governance or counterpart relationships.
If insurance decisions reach executive committee or board level, our work is usually relevant.
Coverage is spread across lines, geographies, entities, and carriers—without a unified view of what is retained vs transferred, and at what economic cost.
Premiums rise while decision-making becomes renewal-driven rather than economics-driven.
Captives exist but remain underutilized, poorly defined, or hard to defend under governance scrutiny—especially when questions shift from “can we” to “should we.”
The outcome is often not poor insurance, but suboptimal risk financing. We bring structure, comparability, and economic clarity to captive decisions and the programs they support.
We advise across the captive lifecycle—feasibility, structuring, formation, optimisation, expansion, and restructuring—aligned with TCOR, governance requirements, and long-term resilience.
Inventory coverages across lines and geographies: limits, retentions, aggregation, loss flow, and funding mechanics.
Define what the captive should cover (and what it should not), structure options (pure captive, cell, hybrid), and a board-ready economic rationale.
Retention and layering strategy, reinsurance design, fronting mechanics, collateral optimisation, and programme architecture.
Decision rights, controls, reporting cadence, and board documentation that makes the captive explainable and sustainable.
Outputs are designed to be explainable and defensible—to finance, risk, and governance stakeholders.
We are explicit about boundaries because they protect decision quality. We work alongside your brokers and providers—without economic conflicts.
We coordinate with brokers, captive managers, and legal/tax advisers to support implementation—while remaining independent from placement economics.
Policies, limits, deductibles, retentions, loss flow, premium allocation, and constraints across entities and countries.
Define the captive’s role, reinsurance and fronting architecture, capital approach, and counterfactual options—anchored in TCOR and resilience.
Work with counterparties to execute the selected architecture and establish an operating cadence for ongoing optimisation.
Captives are long-term instruments. Poorly structured, they lock in inefficiencies. Well designed, they become strategic assets. Our role is to ensure your captive strategy is economically justified, operationally coherent, and defensible over time.
If your organisation spends more than €500k per year in insurance premiums, we can confirm whether captive solutions are economically relevant and what the right next step should be.