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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?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.
Insurance-focused CPA and consulting firm providing audit, tax, accounting advisory, risk, compliance, technology, and operational consulting services to captive insurance entities and other specialized organizations.
Comerica Bank is a division of Fifth Third Bank providing dedicated banking services to captive insurance companies, insurers and reinsurers. Its captive services include collateral, letters of credit, Regulation 114 trusts, custody, investment management, treasury management, financing and foreign exchange solutions.
U.S. accident and health insurance business of W. R. Berkley Corporation offering Employer Stop Loss, Medical Group Captive Programs, Managed Care and Specialty Accident solutions, including group captive programs for self-funded employers.
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Not sure whether Group Captive is the right route for your risk-financing need? A short structured questionnaire will map your requirements to the right kinds of provider.