A cell captive – a ‘virtual insurance company’ – is owned and controlled jointly by the client(s) and the cell captive insurer. It is a contractual relationship formed by the insurer issuing a separate class of preference shares, coupled with an agreement.

The agreement

The agreement sets out the rights and obligations of the preference shareholder (the cell owner) and the insurer. It also governs the arrangements in respect of the insurance business transacted, counts, and access to information. This structure can be utilised by any corporate to underwrite its own risks, but is usually best suited to a group of companies, or a joint venture.


Defined as a third party cell captive arrangement where insurance business is ancillary to the primary business activity of the cell owner.


The stand-out benefit of the Cell Captive solution is that it enables you to keep your independence while we not only equip you, but empower you….


Whatever your organisation, volatile cash flow exposure (courtesy of severe claims and ever-increasing conventional market premiums)….



The first party cell captive as a risk management technique

The first party cell captive as a risk management technique

Click here to watch a snippet of the Interview. Alfons van der Vyver Executive Head: Risk Finance Solutions at Centriq Insurance Company Limited is talking about a very interesting concept of cell captives, but more particular about first party cell captives, which is...

An exciting time for UMAs

An exciting time for UMAs

COVER: Centriq is very much a big player in the UMA market, focusing on specialist underwriters. Can you give us your observations on the UMA environment at the moment? Martin: When it comes to UMAs you can usually see the...

Stretching the limbs of the cell captive

Stretching the limbs of the cell captive

The concept of a first party cell captive is not new, but over the years it has proven to be highly resilient as a risk management tool, regardless of fluctuations in market conditions. The Covid-19 pandemic has in many ways tempered, and probably prolonged, an...