By joining a group captive to satisfy their primary casualty insurance needs, many organizations avoid the challenges of cyclical traditional insurance and reduce total cost of risk. Unlike a traditional insurer, a group captive is not in business to maximize profits. Its purpose is to manage the risks of its member companies, while keeping costs down.
Group captives can be used for workers’ compensation, commercial auto, and general liability exposures. The benefits of a group captive include:
With more than 500 companies of all sizes and across all industries working with Marsh’s Group Captive Practice, Marsh is the leader in group captive insurance.
Through MPACT®, our holistic and integrated approach to reducing casualty total cost of risk, we offer member-owned group captive programs, and provide member companies with a more customized and stable casualty insurance solution than is available via the traditional market.
Before joining a group captive, a prospective new member must meet a minimum premium threshold set by the other members, which share ownership of the captive. Prospective members generally must also demonstrate: