Charter Partners Risk Services is a mutual benefit company organized in Vermont. Vermont was one of the first states to support captives and its the premier state for captive legal, regulatory, and legislative support.‍ An insurance company requires a lot of smart people working collaborative to run smoothly. Our insurance company includes dozens of active members as well as hand picked insurance carriers, legal experts, insurance experts, and claims handlers.

Roughly 35% of all premium dollars are immediately paid to run the captive efficiently. This is a similar amount of expense seen in the traditional insurance market. 
The other 65% is placed into a loss fund, to be used for claims and ideally for distributions when claims don't happen!( regulated by Vermont Laws.) 

Investment Opportunities

Beyond the loss performance, the profitability and success of the captive depends upon income earned on the investment of assets. While there can be no assurance that the Company will be able to earn an investment return sufficient to offset potential expenses and underwriting losses, there are opportunities to grow premium dollars through smart investment.

Money from the loss fund can be invested under the Vermont Insurance Code, which stress diversification of risks and conservation of principal and liquidity, the investments of the captive are subject to the normal risks of the market, as well as risks inherent in the individual securities.

Participation and performance is the key to getting a return

CP Network

The CP Network works transparently in a connected network of service providers including your broker, the carrier, and third party risk specialists. Using outside resources allows for greater knowledge sharing and clarity of roles so that you're premium dollars are working towards the best outcome.

The following companies work together to to run the captive legal, operationally, and efficiently. All of these can change over time. All captives have these expenses either internally or externally. Ours happens to be an external network which provides more transparency and access. 

• Charter Partners – Maintains the network partnership and oversees them. 

• Brokers –  Industry experts, Coverage Advice,  Certs & Other Service

• AIG – Captive Accountant

• Primmer, Piper, Eggleston – Captive Legal, in Vermont one of the best places in the world for captives.

• Carrier – A+ rated Carrier, Claims Handlers and Final Approval

• TPA – Third Party Administrator Claims Handlers

• Board of directors - Made up of members and experts in insurance 

• Members – You and your peers
  
  

Investment

Beyond the loss performance, the profitability and success of the captive depends upon income earned on the investment of assets. While there can be no assurance that the Company will be able to earn an investment return sufficient to offset potential expenses and underwriting losses, there are opportunities to grow premium dollars through smart investment.

Money from the loss fund can be invested under the Vermont Insurance Code, which stress diversification of risks and conservation of principal and liquidity, the investments of the captive are subject to the normal risks of the market, as well as risks inherent in the individual securities.