Captive Options for Brokers
Artisans Insurance Ltd.
Minimum Premium: $100,000
Artisans Insurance Ltd. (Artisans) was formed in 1998 to provide a more customized, affordable and stable insurance alternative for its artisan contractor member-owners. Its mission is to provide the highest quality insurance protection for its non-related shareholders. The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, Zurich North American Insurance Company (rated A+ by A.M. Best). Zurich North American Insurance Company is licensed and admitted providing coverage to the membership in the United States. The types of coverage reinsured by Artisans are Workers’ Compensation, Automobile Liability and Physical Damage.
Artisans is a homogeneous, member-owned group captive targeting best in class, safety-focused, specialty trade contractors. It offers loss control and claims management programs tailored specifically for its contractor member companies.
Boulder Insurance, Ltd.
Minimum Premium: $150,000
Boulder Insurance, Ltd. (Boulder) was formed in 2003 for businesses with short haul, heavy fleet, and heavy construction exposures. With the assistance of Captive Resources, the original members of Boulder sought to create a more customized, affordable and stable insurance alternative. The mission of Boulder is to provide the highest quality insurance protection for its non-related shareholders.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, Zurich American Insurance Company, (rated A+ by A.M. Best). Zurich American Insurance Company is licensed and admitted providing coverage to the membership in the United States. The types of coverage reinsured by Boulder are Workers’ Compensation, General Liability, Automobile Liability and Physical Damage.
Boulder is a homogeneous member-owned group captive targeting above average, safety-focused businesses who utilize short haul, heavy trucks in their operations, including, but not limited to wholesale producers and distributors of concrete, stone, sand, gravel, asphalt and other construction materials; ready-mix concrete manufacture and delivery; local, specialized trucking for agricultural products, coal, recyclables, waste, fuel, structural concrete, or other bulk materials; street and road paving; concrete pumping and other contractor services utilizing heavy trucks.
Catalyst Insurance, Ltd.
Minimum Premium $150,000
Catalyst Insurance, Ltd. (Catalyst) was formed in 2005 to serve the insurance needs of the Ambulance and Medical Transportation industries. With the assistance of Captive Resources, the original members of Catalyst sought to create a more customized, affordable and stable insurance alternative. Its mission is to provide the highest quality insurance protection for its transportation shareholders.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, Old Republic Insurance Company, rated A+ by A.M. Best. Old Republic Insurance Company is licensed and admitted providing coverage to the membership in the United States. The types of coverage reinsured by Catalyst are Workers’ Compensation, Automobile Liability and Physical Damage. Catalyst's loss control and claims management programs are structured to address the specific needs of its ambulance and medical transportation company members.
The Board of Directors approved the expansion of eligible classes of business to other healthcare related companies. Types of other businesses include: Assisted Living Facilities, Skilled Nursing Facilities, Nursing Homes, Hospitals, Home Healthcare Agencies,Para-Transit/Community Associations.
Evolution Insurance Company, Ltd.
Minimum Annual Casualty Premium of $250,000
Evolution Insurance Company, Ltd. (Evolution) was formed in 2004. With the assistance of Captive Resources, the founding members of Evolution sought to create a more customized, affordable and stable insurance alternative. Evolution’s mission is to provide the highest quality insurance protection for its diverse shareholders.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, American International Group (AIG), rated A by A.M. Best. AIG is licensed and admitted providing coverage to the membership in the United States. Evolution reinsures Workers’ Compensation, General Liability, Automobile Liability and Physical Damage coverage.
Evolution is a heterogeneous captive, targeting a variety of industries including, but not limited to Manufacturing, Distribution, Contracting, Retail and Services.
General Contractors Insurance Ltd.
Minimum Annual Casualty Premium of $150,000
General Contractors Insurance Ltd. (GCI) was formed in 2007 to satisfy the need of commercial general contractors to obtain casualty coverage at a predictable cost. With the assistance of Captive Resources, the founding members of GCI sought to create a more customized, affordable and stable insurance alternative. GCI’s mission is to provide the highest quality insurance protection for its non-related shareholders.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, American International Group (AIG), rated "A" by A.M. Best. AIG is licensed and admitted providing coverage to the membership in the United States. The types of coverage reinsured by GCI are Workers’ Compensation, General Liability, Automobile Liability and Physical Damage.
GCI is a homogeneous member-owned, group captive whose commercial general contractor members are involved in both design-build and construction management, and are located nationwide.
Industrial Staffing Ltd.
Minimum Annual WC Premium of $250,000
Industrial Staffing Ltd. was formed in January 2014 to provide an affordable and stable insurance alternative for temporary employment agencies. Its mission is to provide the highest quality workers’ compensation insurance protection and services for its shareholders, at a predictable cost.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, Zurich North America (rated A+ by A.M. Best). Zurich North America is licensed and admitted providing coverage to the membership in the United States. Industrial Staffing reinsures Workers’ Compensation coverage only.
Industrial Staffing will represent all segments of staffing with a focus on industrial, agriculture, drivers, construction and energy.The Company will have its own loss control platform specific to these industry sectors.
National Contractors Insurance Ltd.
Minimum Annual Casualty Premium of $200,000
National Contractors Insurance Ltd. (NCI) was formed in 1997 to provide a customized, affordable and stable insurance alternative for commercial construction businesses. Its mission is to provide the highest quality casualty insurance protection for its non-related shareholders, at a predictable cost.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, Zurich North America (rated A by A.M. Best). Zurich North America is licensed and admitted providing coverage to the membership in the United States. The types of coverage reinsured by NCI are Workers’ Compensation, General Liability, Automobile Liability and Physical Damage.
The construction industry trades that NCI serves include mechanical, electrical, utility, street and road, insulation, site preparation, masonry, concrete and drywall contractors. The membership promotes solid industry and regional spread of risk. In addition, NCI members have consistently outperformed industry safety benchmarks since the Company’s inception.
Roofers Insurance, Ltd.
Minimum Annual Casualty Premium of $175,000
Roofers Insurance, Ltd. (Roofers) was formed in 2006 to provide a more customized, affordable and stable insurance alternative for its member-owners. Roofers is a homogeneous captive targeting commercial roofing contractors and offering loss control and claims management programs tailored specifically for this industry segment. Its mission is to provide the highest quality insurance protection for its non-related shareholders.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, CNA (rated A by A.M. Best). CNA is licensed and admitted providing coverage to the membership in the United States. The types of coverage reinsured by Roofers are Workers’Compensation, General Liability, Automobile Liability and Physical Damage.
Titan Insurance, Ltd.
Minimum Premium of $200,000
Titan Insurance, Ltd. (Titan) began operations on February 1, 2014 to provide heavy construction contractors with a more customized, affordable and stable insurance alternative. The mission of Titan is to provide the highest quality insurance protection for its non-related shareholders.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company rated A or better by A.M. Best, and is licensed and admitted providing coverage to the membership in the United States. The types of coverage reinsured by Titan are Workers’ Compensation, General Liability, Automobile Liability and Physical Damage.
Titan is a homogeneous member-owned group captive targeting best-in-class, safety-focused contractors and service companies including but not limited to the areas of Steel Erection, Heavy Highway Construction and Maintenance, Bridge Construction and Maintenance, ScaffoldingContractors, Industrial Contractors, Utilities Contractors, Demolition Contractors, etc.
TRAX Insurance Ltd.
Minimum Premium: $150,000
TRAX Insurance Ltd. (TRAX) was formed in 1996 to provide a more customized, affordable and stable insurance alternative for its passenger transportation company member-owners. Its mission is to provide the highest quality insurance protection for its non-related shareholders.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, National Interstate Insurance Company (rated A by A.M. Best). National Interstate is a licensed and admitted carrier providing coverage to the membership in the United States.
The types of coverage reinsured by TRAX are Workers’ Compensation, General Liability, Automobile Liability, Automobile Physical Damage and Garage Liability. Liability coverages are offered at $5,000,000 limits.
TRAX’s membership consists of the top passenger transportation companies in the U.S., and includes Motor Coach, School Bus, AirportVan, Limousine and non-emergency Para transit operators.
Temporary Services Insurance Ltd. (TSIL)
Minimum Annual WC Premium of $100,000
Temporary Services Insurance Ltd. (TSIL) was formed in 1993 to provide an affordable and stable insurance alternative for temporary employment agencies. Its mission is to provide the highest quality workers’ compensation insurance protection and services for its shareholders, at a predictable cost.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, Zurich North America (rated A+ by A.M. Best). Zurich North America is licensed and admitted providing coverage to the membership in the United States. TSIL reinsures Workers’ Compensation coverage only.
Over the years, TSIL has grown with independent family owned and operated staffing companies across the country. They represent all segments of staffing including clerical, light industrial, healthcare, IT and professional. TSIL has developed its own ‘world class’ risk control program with an internet based platform known as TRIAD. It is through this platform that TSIL provides more than just an insurance product, it supports and complements all of the staffing owners’ operational needs as well.
Victus Insurance Company, Ltd.
Minimum Annual Casualty Premium: $100,000
Victus Insurance, Ltd. (Victus) was formed in 2010 to provide a more customized, affordable and stable insurance alternative for Agri-business companies. Its mission is to provide the highest quality casualty insurance protection for its non-related shareholders, at a predictable cost.
“Victus” is the Latin word for “that which sustains life”, a fitting name for an agricultural based, homogeneous member-owned group captive insurance company. The target market definition is relatively broad, being inclusive of agri-businesses from “dirt to dinner” and related input and output service businesses as well. The captive’s strategy is to develop a market segment that will provide good spread of risk by industry and through multiple regions.
Current members include but are not limited to fruit and citrus growers, various farming operations, dairies, vineyards, rice mills, food distributors and irrigation contractors/distributors.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, Arch Insurance Company (rated A by A.M. Best). Arch Insurance Company is licensed and admitted providing coverage to the membership in the United States. The types of coverage reinsured by Victus are Workers’ Compensation, General Liability, Automobile Liability and Physical Damage. Reinsurance which protects Victus against catastrophic losses exceeding the captive retention is also provided by Arch Insurance Company, as is unlimited aggregate excess insurance.
Wheels Insurance, Ltd.
Minimum Power Units: 50
Wheels Insurance, Ltd. (Wheels) was formed in 2005 to provide a more customized, affordable and stable insurance alternative for its diverse transportation member-owners. Its mission is to provide the highest quality insurance protection for its non-related shareholders.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, National Interstate Insurance Company (rated A by A.M. Best). National Interstate Insurance Company is licensed and admitted providing coverage to the membership in the United States. The types of coverage reinsured by Wheels are Workers’ Compensation, General Liability, Automobile Liability and Physical Damage.
Wheels is a homogeneous member-owned, group captive whose target risk is a best-in-class, safety-focused, long haul trucking company.It offers loss control and claims management programs tailored specifically for this industry segment.
Wildcat Energy Insurance, Ltd.
Minimum Premium: $250,000
Wildcat Energy Insurance, Ltd. (Wildcat) was formed in 2009 to provide oil and gas well operators with a more customized, affordable and stable insurance alternative. The mission of Wildcat is to provide the highest quality insurance protection for its non-related shareholders.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company, Zurich American Insurance Company, (rated A+ by A.M. Best). Zurich American Insurance Company is licensed and admitted providing coverage to the membership in the United States. The types of coverage reinsured by Wildcat are Workers’ Compensation, General Liability, Automobile Liability and Physical Damage.
Wildcat is a homogeneous member-owned group captive targeting above average, safety-focused operators and service companies including but not limited to the areas of drilling, well servicing, equipment maintenance, mud/dirt work, site prep, chemical treatment, wireline, fracking,tool rental, trucking and consulting and engineering.