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Jm Niland Services Available To Brokers

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JM Niland & Associates was founded in 2002 to help mid-sized companies form and manage captive insurance companies. The company is led by Jim Niland, who has over 30 years of insurance experience. JMN provides feasibility studies, helps design captives, and manages day-to-day captive operations as an outsourced solution. Using a captive can improve risk management and claims handling while potentially offering tax benefits compared to traditional insurance.

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Captive Design and Management Services
JM Niland & Associates Founded in 2002 to utilize the Alternative Risk Transfer Marketplace for the benefit of mid-market insured Owned and Operated by Jim Niland 32 years of commercial insurance brokerage experience Last 10 years dedicated to captive design and management Member of a robust network of insurance service providers and professionals Long track record of successful captive design and management Turning Risk into Reward
Captives Wholly owned subsidiaries created to provide insurance to the parent companies (AICPA Audit & Accounting Guidelines) A form of alternative risk financing or self-insurance Allows a company to tailor their insurance products and access the reinsurance marketplace Can improve claims handling and provide more control over premium fluctuations Potentially offers tax advantages Turning Risk into Reward
Broker Value Proposition Businesses with more than $1 million in premiums would probably benefit from establishing a captive and someone will introduce it to them Once a company forms a captive they rarely return to the commercial insurance market If you can design a captive for your customer it will take that customer out of the commercial marketplace and improve retention of the customer for the long-term Turning Risk into Reward
JM Niland & Associates Services Initial feasibility study and design and develop the captive on your behalf Back-end infrastructure and support to allow you to propose a captive to your client Assist with management of the captive on an ongoing basis Tailored services to provide the appropriate support Fees based only on services required Turning Risk into Reward
JM Niland & Associates Objective To serve as your outsourced customer service representative for all your customers captive needs in a more cost-effective manner than hiring a full- time captive management professional Turning Risk into Reward
Development Process & Timeline One One-Two Two-Three Two-Three Life of the Company Day Months Months Months Initial Mini- Complete Captive Captive Entity Meeting Feasibility Feasibility Entity Formation Study Study Formation Review of Current Feasibility Study Retain Captive Brokers: Risk Transfer Completed by an Management Manage customer relationship Program Actuary Company Continue to write non-captive Coverage Determine Domicile insurance policies Determination of Limits Secure consistent source of Capital and Annual Apply for a License Loss History revenue for the agency Premiums Necessary Establish Ownership Availability of Structure JM Niland & Associates: fronting and Provide back-room Secure Fronting and reinsurance managements services to Reinsurance ensure a happy customer Select Claims Additional services required Go/No Go Decision Go/No Go Decision Admin Company by the broker Turning Risk into Reward
Contact Information For more information about how JM Niland & Associates can help you grow your insurance brokerage business through captive management contact: James Niland Email: jim@jmniland.com Office: (716) 773-0182 Fax: (716) 773-0183 Cell: (716) 818-4361 Turning Risk into Reward

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Jm Niland Services Available To Brokers

  • 1. Captive Design and Management Services
  • 2. JM Niland & Associates Founded in 2002 to utilize the Alternative Risk Transfer Marketplace for the benefit of mid-market insured Owned and Operated by Jim Niland 32 years of commercial insurance brokerage experience Last 10 years dedicated to captive design and management Member of a robust network of insurance service providers and professionals Long track record of successful captive design and management Turning Risk into Reward
  • 3. Captives Wholly owned subsidiaries created to provide insurance to the parent companies (AICPA Audit & Accounting Guidelines) A form of alternative risk financing or self-insurance Allows a company to tailor their insurance products and access the reinsurance marketplace Can improve claims handling and provide more control over premium fluctuations Potentially offers tax advantages Turning Risk into Reward
  • 4. Broker Value Proposition Businesses with more than $1 million in premiums would probably benefit from establishing a captive and someone will introduce it to them Once a company forms a captive they rarely return to the commercial insurance market If you can design a captive for your customer it will take that customer out of the commercial marketplace and improve retention of the customer for the long-term Turning Risk into Reward
  • 5. JM Niland & Associates Services Initial feasibility study and design and develop the captive on your behalf Back-end infrastructure and support to allow you to propose a captive to your client Assist with management of the captive on an ongoing basis Tailored services to provide the appropriate support Fees based only on services required Turning Risk into Reward
  • 6. JM Niland & Associates Objective To serve as your outsourced customer service representative for all your customers captive needs in a more cost-effective manner than hiring a full- time captive management professional Turning Risk into Reward
  • 7. Development Process & Timeline One One-Two Two-Three Two-Three Life of the Company Day Months Months Months Initial Mini- Complete Captive Captive Entity Meeting Feasibility Feasibility Entity Formation Study Study Formation Review of Current Feasibility Study Retain Captive Brokers: Risk Transfer Completed by an Management Manage customer relationship Program Actuary Company Continue to write non-captive Coverage Determine Domicile insurance policies Determination of Limits Secure consistent source of Capital and Annual Apply for a License Loss History revenue for the agency Premiums Necessary Establish Ownership Availability of Structure JM Niland & Associates: fronting and Provide back-room Secure Fronting and reinsurance managements services to Reinsurance ensure a happy customer Select Claims Additional services required Go/No Go Decision Go/No Go Decision Admin Company by the broker Turning Risk into Reward
  • 8. Contact Information For more information about how JM Niland & Associates can help you grow your insurance brokerage business through captive management contact: James Niland Email: jim@jmniland.com Office: (716) 773-0182 Fax: (716) 773-0183 Cell: (716) 818-4361 Turning Risk into Reward