What is a cell captive arrangement?

A registered insurance company (“insurer”) and a corporate (“cell owner”) enter into a shareholder’s agreement in terms of which the corporate “purchases” a cell captive (“cell”), which is an insurance vehicle created by the insurer.

The insurer’s insurance license is extended for use by the cell owner for the insurance of:

its own assets, for example its own buildings (“first party cells”) or
the assets and/or lives of its customers or employees, for example cell phones of customers of a cell phone network provider (“third party cells”).
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corporate
adjective
relating to a large company or group: airlines are very keen on their corporate identity.
• Law (of a large company or group) authorized to act as a single entity and recognized as such in law. local authorities, like other corporate bodies, may reduce capital spending. the rules set by the corporate organization.
• of or shared by all the members of a group: the service emphasizes the corporate responsibility of the congregation.

noun
a corporate company or group. > korporativna tvrtka/grupa