Definitions for "Rent-A-Captive"
An insurer formed for the purpose of insuring risks associated with the activities of a group of insureds; it is controlled not by the insured but by an insurer, a broker or other third party.
a captive insurance company formed by third-party investor(s), and is operated as an income-producing venture for the renters (companies who participate as insureds)
a captive owned by another company that "rents" its capital and resources to other companies