In Guidry-Burnham’s view, the captive model exposes a company to longer-term repercussions than the traditional P&C structure. “Everything that you do today has that longer-term impact, much longer than you see in the traditional PMT market,” she said. Premiums don’t just move through the system – they influence ongoing capital needs, reserve structures, and reinsurance cost curves for years. Missteps early on can create cascading financial and regulatory headaches later.