Captives

An Innovative Way to Manage Risk and Have Control Over Insurance Costs

Join the more than 300 organizations of all sizes who have chosen one of our captive or alternative risk transfer (ART) solutions to better manage their complex risks. We rely on our deep captive knowledge, resources and partnerships to help you gain more financial flexibility and protection. Captives can provide:

More control over your insurance program
Better risk management
Lower insurance costs
More cash flow
Underwriting profits and investment income

Group and Single-Parent Captives

A group captive insurance company is member owned, which means the buyer is an owner in the insurance company.

A single-parent captive is owned by one company. The captive insures the company and/or its affiliates. Our single-parent captive clients benefit from top talent and industry expertise.

Employee Benefits Captives

We provide a thorough analysis of captive options for our employee benefits clients, tailored to their strategic and financial goals. If alternative risk transfer is appropriate and a good fit, we’ll help select the appropriate captive, help with setup, and provide ongoing oversight and analytics to help you manage risk on your own terms.

Potential benefits of a healthcare captive include:

Greater control of healthcare spend
Collaboration on risk management and other cost-containment strategies
More stability

Endorsements

“After years of receiving premium quotes the day of renewal with continual increases regardless of performance, we decided to make the insurance line a profit center instead of simply an increasing cost line. As a result of that decision and McGriff’s constant support, that decision has literally and figuratively paid dividends. I highly encourage all companies to consider joining a captive!”

– Eric Newburg, Chief Financial Officer, Diaz Foods

“Our company was founded in 1949. For almost 50 years, we insured our major lines through traditional insurance. We had a very solid relationship with our long-term broker. However, premiums trended upwards every year, and we listened when Brian Crochiere of McGriff approached us about the captive concept. I attended several informational sessions with McGriff and Captive Resources, and as our interest became serious, I was invited to attend the August 1998 board meeting in Montreal. I came back from that board meeting having witnessed the strength of the membership group and the professionalism of the Captive Resources team. I concluded that this was something we HAD to do! While we had a difficult time ‘breaking up’ with our former insurance broker, we made the leap of faith to Churchill Casualty through McGriff, and we have not looked back since. The captive concept has helped us greatly reduce our premiums while helping control our risk and, as a privately owned company, returned distributions to the owners every year. I can’t imagine now that we ever had reservations about joining!”

– F. Christian Haab, Jr., CEO, F.C. Haab Co., Inc.

“Our company, Hoober, Inc., has been in the captive since 2006. The benefits have gone far beyond the dollar savings, which have been significant. With the help of McGriff and the captive, we have transformed our safety culture, which has improved every aspect of our business. Our employees know that their safety and well-being is our top priority, and this shift in focus came directly from being part of the captive.”

– Don Mikes, President & CEO, Hoober, Inc.