Scott has industry-leading knowledge and experience with group captive insurance programs dating back to 2001 when we started a client-owned captive that has since returned more than $38.7 million to its members.
We specialize in group captives, which are formed by multiple businesses joining together to form their own insurance company. Group captive insurance programs create a highly collaborative experience in which business owners learn from other like-minded companies and share best practices among the group. Our captive solutions range from single-parent to heterogeneous and homogeneous group captives to 831(b) captives. We have captive operations in the United States and Grand Cayman.
Advantages of Group Captive Insurance:
- Members benefit from the captive’s profitability and gain back unused loss funds plus income from investments
- The direct return to the owners is a huge incentive to better employ risk management strategies within their organizations
- A stronger, healthier company that controls its own destiny and views risk as a critical element of success
In the Words of a Client
“The captive idea was exactly what we were looking for since we value control and personal responsibility in everything we do. Being an owner of our own insurance company allows us to share our ideas and experiences while learning from the other companies we have partnered with. We’ve emerged as a better company and enjoy the financial benefits of this one-of-a-kind approach to risk management.”
– A large North Carolina corporation captive owner