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Segregated Cells
All of the benefits of a Captive Insurance Company — without all of the cost.
Utilizing its structure as a Segregated Portfolio Company, PRASEC leverages its existing relationships and agreements (with insurance regulators, legal firms, captive managers, audit and accounting firms, etc.) to offer insureds the opportunity to enter into a captive arrangement at a fraction of a captive’s start-up costs.
By acquiring a cell in PRASEC, the insured group will enjoy all the benefits of its own captive insurance company, but not be burdened by the cost and difficulty of establishing one from start-up. Using the structure already put in place by PRASEC, the insured group will have the ability to quickly and efficiently (and at a predictable and reduced cost) enter into the captive insurance marketplace.
Under the regulations of the Cayman Islands, each cell (or segregated portfolio) authorized by PRASEC is a separate entity. What this means is that the financial results from one cell do not impact any other cell. By using this structure, you have can access a captive facility and avoid sharing risk with other participating groups.
Upon your purchase of a segregated portfolio (or cell) in PRASEC, your group will attain access to PRASEC’s insurance products.
PRASEC cells are available at a discounted rate to NAPA Participating Groups and to clients of NAPA Management Services Corporation.
For more information about PRASEC or the ownership of a segregated cell, please email us or call PSCS at 516-945-3120.