Specialised form of captive for businesses seeking the benefits of internal funding without incurring the costs of forming their own captive. A rent-a-captive is formed by a group of investors and operated as a business. Insureds wishing to participate ‘rent’ space, i.e. get their own account, in the captive.
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A specialized form of captive insurance company operation designed for businesses that do not want to own a captive but want to obtain some of the advantages offered by captives. A rent-a-captive is formed by a group of investors and operated as an income-producing business. Insureds who wish to participate rent space in the captive instead of setting up and capitalizing their own captive insurance company.