Unrelated Risks

Document Sample
Unrelated Risks Powered By Docstoc
					!
–


–
        ! "
–                 #$
    %         "
&   "   ' ()
                                        * +   ,- . ' # + / '       0

•       , (0           1        2                   2
    –' 3           $        4 5                         6   7
    –          1                              $
• ,-               ( 04 ( ,       22          07
   5       1             8
    –          2       $            2    ,                     0
• -            (       9/
      5 :;<             2
    – 2                     (
                                         = . +'= ## / - . ' # + / '

•              2
    %                       5
      5                         ( 2 8,                  0
    % =                             22
                                    2                       (
    % 2 (                                                       8 5
         $              1       ,           0
           %                                        2
           %        5       1       2
    % *            22    1 '                2   ,               (0
       $                5               ,               0
                                           '   - # += '>   -

• *                                            1
        5            2             (
  –     5    2                 2                           (
        ,2       0
• =22                              3                  41
                 1             5       7
  –              8
             1
  –* 5               5                 (                   1
                         5 5           (
                                ' -     . + )= ' , = . +'= #0

•                                      1
   2   %                          (
• ?@A; = 22                 5              %
                  (   22
    )                           1 , B               0
              5       1     2
        5                   2              (


                  * > / / +* > / = +
                              + C'       = . )= ' - . ' # + / '

•             5                                      $
    2             (
    – '                   ,              2       0
    –.                2              2
          (
    –             8                  2
              D
    –                     $                  2            (
                      1
                                    -.' # + / '



     *                        E@<
     =/     =           FF<         GG<
• ' 3                                             (
                1
  –                 (         1
  –/        5
• '     '       E;;E%H@ '                 :;<
       3
  – .               %
                                                + C   =+ &    =.+

• '     '        E;;:%F;   1                              '
                95       (   ,              0

  –=        2             9       3              2 (
• . 5           2         2, (0             1                 D
  –.              3           1                       2
    $            1    1               =-'       2         (
  –* 5

  –.                                   # (2
                                    =-'   =) -.' # + / '

•              "
    –E                                        I
         5                      (
    –+                                    5       1
                   1        1
    –                      (                          2
                                      (
    –                           < 2                   1
         ( J           6
    –"                     2                      5
                                                    "

$            2

    Captive #1

                 Reinsurance Pool         Pool buys CAT
                 Owned by captives       or CLASH cover,
Captive #2       Or the owners of         plus Excess of
                 The captive                   Loss

                      Captive buys reinsurance

Captives #3-12    Captive reinsures a quota share
                           of the pool
                      =-'   =) -.' # + / '

•
    –     3           2     1        ( 21
    – '       5
•                 (
    –             K             I1
                                               "#= >       '

• '              '    E;;A             1
   2
    –+                                                 5
•                          2               2               (
    –.   5                         1       5
                 I    41       2           2               7
•                          5                     1         2
                           (       2                   (
    –=       5       1 1                   &
             5        2
                                                 = +* '       "#= >   '

• #+/                4               1           5                7
    –    5                 1     2       3           /= #
•                                            2            2

    –                5               5                        1

    –        1             2 1       2               /= #
         3
    –L           2                       5                                2
                     ( 5          2
                                 2 2
                                       - +=    ' '

• " 2
  –     (                                      (4 2
                    7    2                 5
  –                               2        2
                5
  –/        1                          I



      >L-       + = . 9 +*   , #) /   #. 0
                       - +=   '   ./ - .   " '+. ' '

•
    –                                                  (
         1
    –+       (                       2%            (
    –*                        %


        >L-      + = . 9 +*       ==/ -    =)    "+ #
                                          * +   ,- . ' # + / '       0

•       , (0           1          2                   2
    –' 3           $        4 5                         6    7
    –          1                                $
• ,-               ( 04 ( ,       22            07
   5       1             8
    –          2       $              2    ,                     0
• -            (       9/
      5 :;<             2
    – 2                     (
       ! "

 & "         I '+
#$
                              =. + +   .+




•               J
        (   +       3
                              M

•               J   5   2 5
    5
                                /       =.


• /       5    ''           2
  –           ! 1           4   7
  –#
      •
      •
  –'           ! 2      2
  –"
  – 2               5   J           !
   2
                            )'= . + = . / ' + = .



•            2 (            !   5
    –L         5I
    – C= #
•                   6   J           6

    – #=
    –+
    –)
                             )'= . + = . / ' + = .

•                    %
    –                    I

    –)   !   2
    –#
      •. 1       2
      •+
•
    –)
    – +"
    –      I 2
                                 "= # > ! "'       -



• "
  –        5I
  –
  –'   5                %5
  –"       I       J5        5                 (
  –)           !
                                               "= # > ! "'   -


• "                        ! '
    –)              +  J
    –.     2       $ 1               ! 1
     2   2                       $
    –-                                     !
     4 1           7
•
    –          !       "
    –"                           J                  5    2   J
      5                    (          2
                                  = . +'   +


•           1 (
• '
• "     ! $       42   72
•        +"
        4 7             J5   5   J5

• #=   I+
•           2      J
                 9

           "


   Kornerstone Administrative Services
A member of the Ken Garff Automotive Group
                                              +- />



Kornerstone Guaranty Insurance Company

  A Utah Captive Insurance Company


Who formed Kornerstone Guaranty?

 Ken Garff Auto Group & its affiliated companies
                                                +- />


• Why did we form this company?
  – Underwriting Profits
  – Greater Investment Returns
  – More control over our cash and operations
  – Possible income tax benefits
• How our program works
  – We insure products sold by our automobile
    dealerships
  – Extended Warranties, Gap Waivers, and Theft
    products
                                           +- />


• What’s next?
  – Property & Casualty large deductibles
  – Workers Compensation – not allowed by Utah
    Captive Statute
  – Self-insured Medical Plans and Employee
    Benefits
  – Other unrelated risk opportunities - open
    discussion
            !


"   #   !

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:6
posted:10/1/2012
language:Hindi
pages:31