Hylant Global Captive Solutions
Unclaimed- Captive Management Services
- Risk Consulting
Hylant Global Captive Solutions provides captive feasibility, structuring, implementation, management and exit support throughout the captive lifecycle.
solution
Group captive insurance: evaluating membership
A group captive is an insurer owned by several companies — often unrelated, sometimes in the same industry — that pool part of their risk and share the cost of running it. Each member keeps some of its own losses and shares others, so its results depend partly on the rest of the group.
A captive owned by several companies that pool part of their risk and share the cost of running it.
27 active providers
How are these providers ranked?What members share, and what to check
A group captive is a market term rather than a single legal form. Depending on the domicile and ownership, a group program may be licensed as an association captive, an industrial insured captive, a sponsored captive or another statutory class, and that classification shapes its capital and governance. The program documents, not the label, set your obligations.
| Area | What to check | Why it matters |
|---|---|---|
| Loss sharing | How losses split between your own layer and the shared layer | Determines how much of other members’ experience you carry |
| Capital and collateral | Amount, form, and when and how it is returned | Capital may be tied up beyond your membership |
| Assessments | Whether and when the group can ask members for more funds | Sets your downside in a bad year |
| Distributions | How surplus is calculated and paid, and the waiting period | Benefits arrive years after the premium |
| Governance | Board seats, voting and who sets underwriting standards | Shows how much influence you will have |
| Exit and run-off | Notice, continuing liability for past years and return of collateral | Leaving is rarely a clean break |
Compared with a single-parent captive, you trade control for lower entry cost. An association captive is narrower again: it is limited to the members of an association. A captive manager, an actuary reviewing the program's loss allocation and counsel reading the participation agreement are the usual first specialists.
Benefits and limitations
Potential benefits
- The fixed costs of a licensed insurer are spread across members, which can make a captive workable at mid-market premium levels.
- Pooling the shared layer can smooth the year-to-year volatility a single company would carry alone.
- Reinsurance is bought for the group, not company by company.
- Many programs return part of the underwriting result to members when the group performs well; terms vary.
Key considerations and limitations
- Admission is underwritten: the group reviews your loss history, safety practices and finances.
- Other members' losses can affect your results through the shared layer, and some programs can call for additional funds.
- Members usually post capital or collateral, and the terms for getting it back vary.
- Underwriting and investment decisions are collective, and leaving can leave you tied to past years' claims.
Is this relevant to me?
When it may be worth exploring
- Your premium alone would not justify the fixed cost of your own captive.
- Your loss record and risk management would stand up to underwriting by a peer group.
- You accept shared decisions in exchange for a lower cost of entry.
When it may not fit
- You want sole control over underwriting and investments.
- Your loss record would fall below the group's standard.
- You are not willing to have results affected by members you do not control.
Frequently asked questions
Usually. Some domiciles build an approved captive manager into the licensing process — Vermont's formation steps, for example, begin with engaging one — and even where it is not required, owners commonly outsource day-to-day management because it calls for regulatory, accounting and local expertise. The manager typically handles regulatory filings, accounting, board support and coordination with the actuary and auditor. Rules on self-management differ by domicile.
It depends on the domicile, the type of captive and the risks it writes. Domiciles set minimum capital and surplus requirements in law, and they differ by captive type; Vermont, for example, sets minimums by class and lets the commissioner require more. In practice the amount is often driven by the actuarial analysis of the risk being retained and the regulator's review of the business plan, and it can be well above the statutory minimum.
Providers for Group Captive
Marsh Captive Solutions
Unclaimed- Captive Management Services
- Actuarial Services
- Risk Consulting
Marsh Captive Solutions provides captive consulting, actuarial, formation, management, technology, benchmarking, cell-facility and optimization services across the captive lifecycle.
No reviews yetspringgroup.com30 Federal Street, 4th Floor, Boston, Massachusetts 02110, United States
- Risk Consulting
- Actuarial Services
Spring Consulting Group is an employee benefits, actuarial and risk-management consultancy providing captive feasibility, alternative-risk financing, actuarial, employee-benefits and property-and-casualty consulting services.
- Captive Management Services
- Actuarial Services
- Risk Consulting
Zurich U.S. is the U.S. commercial insurance business of Zurich Insurance Group, providing property and casualty insurance, captive fronting and management, group and single-parent captive solutions, reinsurance, claims, risk engineering and multinational programs.
CBIZ, Inc.
UnclaimedNo reviews yetcbiz.com5959 Rockside Woods Boulevard North, Suite 600, Independence, Ohio 44131, United States
- Risk Consulting
- Actuarial Services
CBIZ, Inc. is a publicly traded professional services company providing accounting, tax, advisory, employee benefits, insurance and technology services. Its insurance practice provides commercial insurance brokerage, risk management, captive and alternative-risk advisory, claims advocacy and employee benefits services.
AXA XL, a division of AXA
UnclaimedNo reviews yetaxaxl.comOne Bermudiana Road, Hamilton HM 08, Bermuda. LinkedIn and AXA XL’s official office information identify Hamilton as the headquarters location.
- Claims Management
- Risk Engineering
- Reinsurance
- Captive Fronting
- Risk Consulting
AXA XL is AXA’s property and casualty and specialty risk division. It provides commercial insurance, reinsurance, risk consulting, multinational programs, captive fronting and structured risk-transfer solutions to mid-sized businesses, large corporations, captive owners and insurance companies globally
CBCS, LLC
Unclaimed- Third-Party Administration
CBCS, LLC is an independent property and casualty Third-Party Claims Administrator providing national workers’ compensation, auto liability, general liability, physical damage and cargo claims services. It supports self-insured employers, large-deductible programs, captive programs, risk retention groups and program managers, with additional nurse case management, medical cost containment, loss-control and reporting capabilities
- Third-Party Administration
Old Republic is a specialty insurance group providing property and casualty insurance, title insurance, alternative-risk financing, captive fronting and reinsurance, claims administration, risk control and other specialty insurance services.
- Risk Consulting
- Captive Management Services
The Baldwin Group’s captive solutions practice develops and manages captive insurance programs and provides feasibility, regulatory, underwriting, claims, governance and renewal support.
American International Group, Inc.
Unclaimed- Captive Management Services
American International Group (AIG) is a global insurance organization providing property-casualty, life, and health insurance and other financial services to businesses and individuals in more than 200 countries and jurisdictions. Through its Captive Solutions business, AIG offers fronting and captive management services, including group captives and sponsored protected cell facilities domiciled in Vermont and Bermuda.
Aprio, LLP
Unclaimed- Healthcare
- Manufacturing
- Utah
- Delaware
- Vermont
Aprio, LLP is a licensed independent CPA firm operating under the Aprio brand and providing audit and attest services. Its insurance practice serves captive insurance companies, risk retention groups, property and casualty insurers, life and annuity carriers, reinsurers, captive managers, program administrators, MGAs and other insurance organizations. Captive-specific work includes audits under GAAP, IFRS and statutory accounting requirements.
Midwest Employers Casualty
UnclaimedNo reviews yetmecasualty.com14755 N. Outer Forty Drive, Suite 300, Chesterfield, Missouri 63017, United States
- Captive Fronting
Midwest Employers Casualty is a specialty insurance carrier providing excess workers compensation insurance and captive solutions to individual self-insured employers, self-insured groups, captives and insurance companies nationwide.
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