Meadowbrook specializes in alternative risk management solutions for agents, professional/trade associations and small to medium-sized insureds.
In addition to offering traditional agency profit sharing plans, Meadowbrook has significant experience with alternative market risk sharing vehicles.
The alternative risk market employs various approaches to financing and managing risk exposures, including the use of captives, risk retention and risk purchasing groups, governmental pools, trusts and self-insurance plans.
Meadowbrook strives to develop risk-sharing relationships with our program partners and client groups. We have found that when a client's financial interests are aligned with ours, there is a greater likelihood of generating an underwriting profit. Our risk-sharing programs allow clients to participate in the financial outcome of their insurance program by sharing in the underwriting results, expenses and investment income generated.
In a client risk-sharing program, individual companies, groups or associations participate in the operating results through a captive, rent-a-captive, or a retrospectively rated program.
In an agent risk-sharing program, the agent participates in the operating results of the program. Risk-sharing is achieved either through an agent owned captive, a rent-a-captive or through a commission structure tied to underwriting results.
Groups and associations may also participate in risk sharing via dividend plan options, group captives, and risk retention or purchasing groups.
Meadowbrook also offers a rent-a-captive risk-sharing vehicle. A rent-a-captive allows a client or agent-partner to retain a significant portion of their own loss exposure without the administrative costs and capital commitment required to establish and operate a captive.