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Industry: Financial Institutions
Type of Service: Planning & Analysis

Engaged as advisor to chemical manufacturer. Company was not able to place a needed coverage in the commercial insurance market; as such all losses were being paid using after tax dollars.

Established a captive to provide coverage using the policy language desired the client. Premiums paid to fund the coverage incurred a nominal tax rate, approximately 3%. Investment income earned by the company helped fund losses, underwriting gains inured to the benefit of the client as well.