Turn Your Captive Into a Profit Center (Or Use Promethean’s FairShare Captive)
Enhance your relationships with employees, customers, members, students, alumni, or tenants.
• No Need to Own or Join a Group Captive
• Profitable, Third-party Premium
• Minimal Effort & Risk
• Diversification
What is FairShare?
FairShare utilizes our captive insurance company to reinsure all of your employee, member, tenant or customer insurance programs. If you are a captive owner, we can retrocede your share of the risk to your captive, providing you with profitable, low-risk, third-party premium.
Working with Promethean Makes Good Business Sense.
Here’s Why:
We handle the details and make it easy:
Promethean and our partners provide program design, underwriting, distribution, premium collection, claims servicing, and customer service. Your captive participates only on a financial basis.
If you do not currently have a captive, you can utilize Promethean’s captive, FairShare Insurance Company.
- We work with your broker or captive manager if desired
- We partner with best-in-class fronting carriers for you
- Provide your employees with lower premiums and superior coverage
- No group captive ownership, investment, or additional capital needed
- Complete transparency
Low-risk, profitable, third-party premium:
- Projected 80% -85% combined ratios
- Projected 15% – 20% return
- (The surplus from ERISA benefits must be used for the betterment of the employees. The surplus from non-ERISA benefits can be used for any purpose.)
- High frequency, low severity, low limits
- Uncorrelated to any existing risk
- Third party premium may strengthen federal income tax positioning
Let Promethean Help You
- Provide your employees, customers, members, students, alumni, or tenants with something of value that improves their lives.
- Create revenue for your organization to better serve your employees, customers, members, students, alumni, or tenants.
