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Group Captives

What is a group captive insurance company?

A group captive is a vehicle allowing various related and/or unrelated businesses to come together and form a collective insurance company, managing select portions of their risks. While small and midsize businesses often lack the scale and resources to form single-parent captives, they can enjoy many of the same benefits by joining forces with companies with which they have affinities, such as similar business segments. Participation in a group captive allows members greater oversight of all facets of their insurance program’s cost savings, as well as the benefit of sharing in investment income.

For more information, contact:

Emmett Witt, Vice President, Captives
Zurich North America
emmett.witt@zurichna.com

A typical group captive is an insurance company established and controlled by multiple member companies to insure portions of the participating businesses risks. Member-owned group captives are wholly owned and controlled by the participants and insure only the member companies that own the captive. Like single-parent captives, group captives can receive risk management expertise from traditional insurance companies experienced in the business of fronting in local markets, reinsurance, claims handling and cash-flow services.

 

Why choose Zurich for Group Captive Services?

Zurich’s Group Captive unit manages more than 45 programs with over 3,200 member companies in North America in a wide range of industry segments. We serve Group Captives with broad industry expertise, including dedicated programs in construction, temporary staffing, transportation, logistics and many more.

Zurich delivers centralized, dedicated services in underwriting, claims, Risk Engineering, actuarial, reinsurance, accounting services and legal expertise. Our service teams help ensure that Group Captive members benefit from the efficiency and oversight of cutting-edge insurance and risk management strategies needed in today’s dynamic economy.

What risk insights does Zurich provide?

Zurich provides relevant, actionable data and risk insights to help identify loss drivers and optimize member risk-management strategies. In addition, nearly 400 U.S.-based Risk Engineers providing industry-specific programs and training, with a dedicated Risk Engineering coordinator assigned to each Group Captive program.

A Group Captive targeting sustainability

Zurich recently announced the formation of a new Group Captive bringing together member companies with a common interest in advancing sustainable business practices. Impact Re, Ltd., will provide the risk-optimization benefits of a member-owned, Zurich-fronted captive, while supporting members’ individual sustainability and ESG objectives. For information, contact: Emmett Witt, Vice President of Captives, Zurich North America at emmett.witt@zurichna.com.

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How can companies join a Zurich Group Captive?

Primary products available for Group Captive Insurance customers include Workers’ Compensation, General Liability, and Commercial Auto and Auto Physical Damage (APD).

Working closely with your broker, a captive consultant can advise on the application process and provide recommendations on a Zurich captive that is the right fit for your company.