Is a captive insurance solution right for your business?

A group captive is an insurance firm owned and run solely for the benefit of its captive members. It enables middle-market employers to boost their underwriting credibility by leveraging collective purchasing power. Group captives have the authority to select service providers, decide coverage levels, manage losses, guide the use of excess coverage, and, ultimately, share in the results to create bottom-line profit. Leveraging this joint power enables medium-sized enterprises to balance risk retention with transfer, lowering costs and promoting long-term stability between covered group members and underwriters.
 
Group captives can be heterogeneous or homogeneous. A heterogeneous captive insures a group of unrelated enterprises from several industries. It promotes strong growth through risk diversification. A homogenous captive is an entity controlled by several enterprises in the same industry segment or association with comparable insurance requirements.