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A fronting fee is a charge made by an Insurer for issuing licenced paper in their name but where the risk of loss is actually carried by a "captive" insurer. It is paid by the captive insurer as a percentage of the gross premium charged.
The benefit relates to insurance appearing to be provided by an Insurer with an AM Best or Standard & Poors rating and in some cases where regulatory concerns state that an Insurer issuing certain classes of cover must be licenced in the location where cover is required. The captive is unlikely to be hold any financial security rating and may not meet the minimum requirements for capitalisation of an Insurer required to issue the licenced paper required.
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