R.I.P.Company manufactures herbicide and pesticide.The company had difficulty finding affordable liability insurance.R.I.P.established its own insurance company based in Bermuda for the purpose of insuring R.I.P.'s loss exposures.The company that R.I.P.formed is called a

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R.I.P. established its own insurance company specifically to insure its own loss exposures. This is known as a captive insurer, which is a subsidiary company formed by a large parent company to finance and insure the risks of its owner. Captive insurers are typically set up in favorable locations such as Bermuda to take advantage of tax and regulatory benefits.

RIPCompany Manufactures Herbicide and Pesticide