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01 / Case Study

Taking on 100% of the Risk

How a segregated portfolio company helped a growing physician services organization

Several years ago, we restructured our offshore captive to a segregated portfolio company to meet the evolving needs of a growing physician services organization that, much like physician-owned practices, was interested in leveraging their volume and homogenous risk profile to their advantage.

At the time, the group’s traditional medical professional liability (MPL) coverage was spread across multiple carriers and states. With the ultimate goal of a fully self-insured program, the group initially chose to have us take a portion of the first $1 million per claim. This quota share arrangement allowed the group to immediately leverage their size while gradually growing more comfortable in sharing in their risk exposure.

Over time, as the group grew and their underwriting performance remained profitable, they took on the full primary layer of $1 million per claim and began reaping 100% of the bottom-line benefits from their cell.

Today, Curi continues to manage all aspects of the captive program on behalf of the group, creating a passive opportunity for the group to enjoy the rewards derived from strong underwriting performance, progressive risk management, and our dynamic claims handling services.

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