BeneCap

BeneCap

Grow and Diversify Your Captive

BeneCap is an end-to-end solution designed to help grow your captive by integrating employee-paid products with your existing risk management strategies, regardless of captive management affiliation. With BeneCap, MMA and the fronting carrier provide the underwriting, enrollment, administration, and claims handling while the captive participates only on a financial basis. The program is available to all eligible captives, regardless of your captive management firm

Diversify Your Portfolio

Third-Part Premium

Reduce Costs

Increase ROI

Employee Enhancements and Benefits

Our Solution Benefits All Stakeholders

Our Products

How Does It Work?

BeneCap integrates 100% of employee-paid voluntary benefits within a captive’s existing risk management strategies. Designed to protect covered employees by providing additional financial security, the most common are critical illness, accident, hospital indemnity, legal, auto and home; and programs like cell phone coverage, electronic product warranties and ID Theft. BeneCap can diversify a more traditional captive structure, providing you with a solid base of low-risk premium.

Why BeneCap?

All services are provided by Trion and its partners: plan design, underwriting, reinsurance agreements, legal representation for DOL exemptions, administrative services, policy issuance, claim servicing, customer service, marketing, employee communications and enrollment technology. The program is structured as a quota share arrangement and your captive participates on a financial basis only, regardless of captive management affiliation.

Learn More About Our Captive Advantages

The BeneCap
Overview

IRMI
Growing Captives

Captive Insurance
Times Article

Captive Review
January 2018

Captive Review
June 2016

Captive Review
August 2018

The BeneCap Team

Kirk Watkins

BeneCap Solutions Leader, Trion

Kirk has more than 20 years’ experience identifying opportunities and supplying innovative solutions to Fortune 1000 companies through insurance product design, utilization of captive insurance companies, employee benefits, and payroll deduction technology. Combining his financial services, insurance and employee benefits expertise, Kirk created the BeneCap program. Kirk also holds two US patents in the financial services, HRIS and e-commerce areas.

Joe Sadik

Business Coordinator, Trion

Joe joined Trion as a benefits consultant focusing on creating leading-edge benefit programs, to help clients reduce cost and attract top-tier talent. In 2017, he joined the Captive Insurance Practice as a business coordinator. In this role, Joe is a liaison between Trion’s BeneCap and Voluntary Benefits teams managing new business opportunities, and supporting clients in diversifying and growing their captives through low risk, highly predictable, voluntary employee benefits.

Andrew Neary

National Employee Health & Benefits Practice Leader, Trion

Andrew has worked in the employee benefits field for more than 20 years and currently serves as a National Practice Leader for employee health and welfare benefits consulting. He is responsible for developing innovative market initiatives that anticipate employer and market needs, and for overseeing Trion’s consulting practice of account managers, client service and underwriting teams.

Stephanie Lefkowski

BeneCap Account Manager, Trion

Stephanie is a captive consultant responsible for providing analytical, financial, regulatory, sales, and underwriting support to the BeneCap business development team. Stephanie provides the financial analysis and modeling necessary to evaluate captive reinsurance programs and its impact on the client’s strategic and risk management objectives. Stephanie has prepared captive feasibility studies for clients and numerous captive applications submitted to and licensed by various captive domiciles while working for a global captive management firm. As a captive manager, Stephanie has managed over a dozen captives owned by Fortune 500 companies. As an insurance regulator for the State of Arizona, Stephanie has licensed over 50 captive insurance companies and regulated over 130 licensed companies.

Arthur Koritzinsky

Marsh Captive Advisory Leader, Americas

Arthur is the Captive Advisory Leader, Americas in Marsh’s Captive Solutions Group, assisting clients with single parent and association captives, and risk retention. In 2012, Mr. Koritzinsky placed 8th on Captive Review’s Power 50 list, which ranks the most influential people in the captive industry.