A feasibility study conducted by Gecalux Group will take into account several areas, among which are:

• The structure and objectives of the Group
• The risks suitable for inclusion
• Appropriate underwriting & retrocession programmes
• Costs and benefits comparison of the possible domiciles
• Consolidation issues
• Influence of the asset allocation policy

Gecalux Group will assist in structuring and tailoring the captive in order to maximize the potential benefits. The result will be a simulation of the captive business plan over 10 years under various possible scenarios. It will include the balance-sheet and profit & loss account projections as well as a free cash-flow analysis and a cost-of-risk comparison with other alternatives.

 

 

Once the feasibility study has been conducted and its conclusions approved by the group, the final step before establishing the captive is the presentation of the official business-plan to the authorities and the request for their approval. The completion of the full process generally takes between 6 and 9 months.