Support Structure

There are many component parts of a successful program. Presidio uses the best professionals, each with a defined set of tasks that as a whole create the best program for its members. This set of professionals encompasses the following:

1. Captive Resources, LLC (Consultant) - The consultant, as an independent contractor, has the ultimate responsibility to the Board of Directors to see that all decisions of the Board are carried out by its support structure members. They are involved as a nonvoting member in all executive meetings and assist the President and Executive Board in the planning of these meetings.
2. Presidio Broker - The insurance broker, as an independent contractor, is responsible for all insurance aspects of the Insurance Program including coordination of policy issuance, billing and premium collection, placement of coverage not available in Presidio, and certificates of insurance and vehicle I.D. card issuance.
3. Kensington Management Group Ltd. (Underwriting Manager) - The underwriting manager is responsible for managing the day-to-day operations of the company and is, therefore, located in the Cayman Islands. This primarily consists of managing the financial operations of the company and accounting for all financial transactions. They also prepare and maintain the corporate and statutory records including minutes of meetings and advise the members on developments in insurance and fiscal matters as they affect insurance companies in the Cayman Islands.
4. The Hartford Insurance Company (Program Insurance Co.) - The Program Insurance Company issues the actual policies that “insure” the shareholders of the Company. Discover P&C is a licensed and A rated insurance carrier, which takes care of all the legal requirements of providing insurance for the shareholders.
5. The Hartford Insurance Company (Specific Excess Reinsurer) - The specific excess reinsurer is “ceded” the shock loss or large loss layer, on a per occurrence basis, that the Company as a company is not willing to retain. It receives a premium for its participation in this layer and pays all claims in this layer.
6. Pinnacle Actuarial Resources, Inc. (Actuarial Firm) - The actuarial firm, as an independent contractor, takes loss data supplied by the shareholders and compiled by the broker and, after trending and developing this data, sets a “loss pick” for each member upon which the members final premium is based.
7. Gallagher Bassett Services (Claims Administration Service) - The Program Insurer employs an independent contractor to negotiate and settle all claims against its shareholder insureds.
8. Loss Prevention Services - Serious emphasis is stressed by the shareholder insureds within their own companies on good loss prevention practices. It is realized that through good loss prevention, claims can be prevented, which helps lower costs. The Company has its own Loss Control Committee, which develops standards and goals that members must strive to achieve. Risk Consultants is hired as an independent contractor by the Company to periodically visit each member’s facilities to assist in achieving these standards and rate, on a point system, a shareholder insureds progress toward these goals.
9. PricewaterhouseCoopers (Auditors) - while the Cayman Island managers, Kensington; prepare the financial reports they are audited by PWC in accordance with U.S. generally accepted auditing standards. Tax preparation for Presidio is handled by Ernst & Young.
10. Royal Bank of Canada – Provides the banking and investment service needs to Presidio.