Palmetto assists our clients in assembling teams of top-notch insurance management, underwriting, claims, investment management, actuary, audit, and legal experts during the formation stage of a new insurance company. Palmetto is uniquely equipped to serve as a client’s captive manager or guide a selected captive manager to assure that the team will select appropriate domiciles, develop and document business plans, project financial results, and walk an application to regulators from submission to approval. Long term relationships with regulators based on mutual respect facilitate this process. Once a client is fully operational, we act as a team captain (or corporate officers, if necessary) to assure that all team members are achieving their individual benchmarks and properly contributing toward the collective success of the client.
