Leadership & Institutional Formation Ecosystem

About CaptiveStack

CaptiveStack was created out of the need to reduce the cost and complexity of captive insurance for small to medium sized organizations, associations, and commercial trade groups.

Founder & Managing Director

Kevin Day

Founder of CaptiveStack, CanadianCaptive.com, and Ocean Falls Insurance

Background & Industry Vision

Kevin Day founded CaptiveStack to bridge the gap between complex institutional alternative risk transfer structures and mid-market organizations. For decades, Fortune 500 corporations have used captive insurance subsidiaries to escape commercial market cycles, stabilize premiums, and retain underwriting profits. CaptiveStack brings the same financial sovereignty to trade associations and member groups.

Leadership & Career Focus (Editable Profile Field):

Extensive background in Property & Casualty (P&C) risk underwriting, captive structuring, digital insurance architecture, and cross-border risk management between Canada and US/offshore domiciles.

P&C and Captive Experience

As the principal behind CanadianCaptive.com (Canada's premier research portal for onshore and offshore captive domiciles) and Ocean Falls Insurance, Kevin has advised commercial organizations on alternative risk mechanisms, captive feasibility, and collateral optimization.

Credentials & Affiliations (Editable Profile Field):

Active participant in international captive conferences and domicile working groups across Vermont, Utah, Delaware, Cayman, Bermuda, British Columbia, and Alberta.

In-Depth Domicile Research

Explore detailed statutory comparisons, capital guidelines, and regulatory histories at CanadianCaptive.com.

Research Domiciles
Institutional Stakeholders

How Captive Formation Works

Forming and operating a compliant member-owned captive insurance company requires collaboration among five specialized institutional roles. CaptiveStack integrates this process from feasibility to ongoing management.

01 Actuarial Feasibility & Reserves

The Actuary

Performs historical loss analysis, calculates expected loss frequencies and severities, certifies rate adequacy, and prepares the independent actuarial feasibility study required by the domicile insurance commissioner.

Core Responsibilities:
  • 5-year loss run analysis
  • Binomial & frequency modeling
  • Capital reserve certification
  • Pro forma loss ratios
02 Domicile Administration & Regulatory Liaison

The Captive Manager

Coordinates the formal application with the domicile regulator, maintains the captive’s statutory accounting records, prepares annual NAIC or domicile regulatory filings, and oversees daily administrative operations.

Core Responsibilities:
  • Business plan drafting
  • Regulatory application submission
  • Statutory accounting & audit liaison
  • Board minute books & compliance
03 Licensed Paper & Regulatory Compliance

The Fronting Carrier

Provides an A-rated admitted or licensed insurance policy paper required by certificates of insurance, contractual counterparties, and lenders, while ceding retained member risk to the captive via a reinsurance agreement.

Core Responsibilities:
  • A-rated policy issuance
  • State/provincial certificate compliance
  • Collateral & trust agreement administration
  • Fronting fee schedules
04 Catastrophic Stop-Loss & Capital Backstop

The Reinsurer

Provides specific excess-of-loss and aggregate stop-loss treaty reinsurance, ensuring that catastrophic claims exceeding the captive’s retention detachment point are fully absorbed without further member capital calls.

Core Responsibilities:
  • Specific excess treaty
  • Aggregate stop-loss coverage
  • Quota-share participation
  • Tail risk protection
05 Licensing & Ongoing Solvency Oversight

The Domicile Regulator

State, provincial, or offshore insurance commissioner division that reviews the feasibility study, conducts background and fitness checks on principals, issues the formal Certificate of Authority (license), and conducts periodic examinations.

Core Responsibilities:
  • Initial charter review
  • Certificate of Authority
  • Annual financial audit review
  • Risk-based capital monitoring
Institutional Partner Network

Independent Advisors, Actuaries & Fronting Partners

CaptiveStack works alongside accredited third-party service providers across North America and international domiciles.

Actuarial Partners

Network Partners Available

Independent credentialed FCAS / MAAA actuarial firms with specialized practices in association group captives and alternative risk financing.

  • Milliman / Pinnacle / Independent practice networks
  • Custom binomial prize indemnity modeling
  • Formal domicile feasibility certifications

Captive Management Partners

Licensed Across All Domiciles

Full-service captive management firms licensed in Vermont, Utah, Delaware, Cayman, Bermuda, Barbados, BC, and Alberta.

  • Turnkey regulatory application submission
  • Statutory financial statement preparation
  • Corporate secretarial & board meeting support

Fronting & Reinsurance Brokers

A-Rated Paper Relationships

Intermediaries and fronting insurers providing admitted paper and reinsurance treaties tailored to mid-market associations.

  • Admitted A-rated AM Best carriers
  • Structured letters of credit & standby collateral trusts
  • Quota-share and excess stop-loss reinsurance

Legal & Tax Counsel

Cross-Border Practice Network

Specialized captive legal counsel advising on group shareholder agreements, participant subscription documents, and federal tax elections.

  • IRC Section 831(b) and 953(d) elections
  • Association quota-share member agreements
  • Domicile statutory corporate filings

Ready to assess your association’s captive feasibility?

Run preliminary actuarial projections or submit your member profile for an initial feasibility review with our team.

CaptiveStack

CaptiveStack makes it easy for groups and associations to setup their own insurance company to insure the risks of their members. We reduce the cost and complexity of captive insurance for small to medium sized organizations.

Association Group Captives Alternative Risk Transfer (ART) Bank LOC Replacement
Regulatory & Professional Services Disclaimer

CaptiveStack provides information, educational resources, and software modeling tools to evaluate captive insurance feasibility and alternative risk financing structures. CaptiveStack is not an insurance company and does not solicit, underwrite, issue, or offer insurance policies to the public.

Captive insurance company formation, capitalization, and licensing are strictly subject to formal regulatory review and statutory approval by the Department of Insurance or regulatory commission in the chosen domicile (such as Vermont, Utah, Delaware, Cayman Islands, Bermuda, Barbados, British Columbia, or Alberta). Policy issuance and coverage terms are additionally subject to underwriting approval by licensed fronting carriers and commercial reinsurers. Prospective captive owners should consult licensed captive managers, credentialed actuaries, legal counsel, and certified public accountants before initiating formation.

© 2026 CaptiveStack Inc. All rights reserved.

Member-Owned Group Captives • Alternative Risk Financing • Standby Capital Reserves