A Canadian based transportation service turned to Captives Insure (“C.I.”) for an alternative means of procuring their Excess Auto Liability Coverage. Looking for a solution to retain risk and premium in part of their excess tower, this insured turned to C.I. to procure $5m xs $5m auto liability coverage.
A Houston-based residential property management/development company turned to Captives Insure (“C.I.”) for an alternative means of procuring their General Liability and Property coverage. Even with excellent claims history and risk management efforts, the commercial market was unwilling to give them the credit they deserve and administered rate increases and higher retentions.
One of the nation’s largest home builders worked with C.I. to procure their builders risk coverage. They were not getting the credit they deserve in the standard market for their claim free loss history, they were able to form their own captive and stop burning money in the commercial insurance market.
A nearly loss-free Texas-based industrial client with both domestic and international exposures worked with C.I. to provide a captive solution for their property exposures. Even with excellent loss history and proper risk management strategies in place, the standard market still imposed rate increases year over year.
A large international industrial client approached C.I. to perform a comprehensive Enterprise Risk Assessment to uncover any risks their business may be exposed to. Their primary concern being the exposure to international trade credit risk to protect the insured businesses from losses related to buyers’ non-payment of commercial debts.
One of the largest U.S. based specialty construction and infrastructure companies works with C.I. to procure excess liability coverage. Taking a $5m xs $15m quota share position, this client will retain over $2.5m within their captive and still satisfy all lender requirements. With a historical loss ratio of 0% in this layer, this insured is now able to take control of their insurance program and gain underwriting profit that was a sunk cost in the commercial market previously.
A Texas based property management/development company turned to Captives Insure (“C.I.”) for an alternative means of procuring their General Liability and Property coverage. Even with excellent claims history and risk management efforts, the commercial market was unwilling to give them the credit they deserve and administered rate increases and higher retentions.
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