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Captive Solutions

Providing innovative risk management solutions for our clients

Are you looking for alternative ways to manage your organization’s risk?

Do you want more control over your insurance costs?

At McGriff, we have a dedicated team that advises clients who may be interested in captive or Alternative Risk Transfer (ART) options. Our goal is to provide support and expertise so you have the knowledge and confidence to choose a risk management solution that best fits your organization and management philosophy.

Benefits of captive insurance solutions

What is captive insurance?

A captive is an insurance company that provides insurance to and is controlled by its owners.

What can a captive do for you?

  • Provide control over your insurance program
  • Improve risk management
  • Reduce your insurance costs
  • Improve your cash flow
  • Return underwriting profits and investment income

Our innovative solutions include:

  • Client education
  • Analytics
  • Holistic risk management
  • Enhanced risk control
  • Claims advocacy

Types of captives we represent

Group captives

What is a group captive? A group captive insurance company is member owned, which means the purchaser of insurance is an owner in the insurance company providing the insurance coverage. 

McGriff has over 250 clients who have chosen a group captive solution in both homogeneous and heterogeneous captives.  We partner with the very best group captive managers and value our long-standing relationships.  

In addition, we have a dedicated Captive Risk Control and Claims Advocacy team that work closely with our group captive clients to ensure maximum profitability.

Testimonial: Eric Newburg, Chief Financial Officer, Diaz Foods

“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!”

Testimonial: F. Christian Haab, Jr., CEO, F.C. Haab Co., Inc.

“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!” 

Testimonial: Don Mikes, President & CEO, Hoober, 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.”

Single-parent captives

What is a single-parent captive? A single-parent captive is owned and controlled by one company and insures that company and/or its affiliates.

Working with the McGriff Captive Solutions team, our clients gain access to internal and external top talent and industry expertise. The coordination between captive internal and external experts is an integral part of the success of the McGriff single-parent captive platform. Our captive capabilities are not limited to brokerage; our captive expertise incorporates many teams within the Truist family.

Employee benefits captive

McGriff partners with our clients to explore a broad range of strategies and ensure their employee benefits program is optimized and aligned with their organizational goals. This collaborative strategic planning process includes evaluation of employee benefits captives. We’ll provide a thorough analysis of captive options, factoring the unique dynamics of each client into the assessment.  If the client decides to pursue the captive approach, McGriff coordinates selection of the appropriate captive, supports implementation, and provides ongoing oversight and analysis to ensure goals are achieved.

Potential benefits of a healthcare captive include:

  • Greater control of healthcare spend
  • Collaboration on risk management and other cost-containment strategies
  • Opportunity for improved stability

Risk management solutions

Analytic Solutions

Make informed business decisions with the help of our dedicated team of analysts.

Claim Consulting Solutions

Proactive claims management solutions designed to mitigate claim costs and reduce your total cost of risk.

Client Education

As part of our comprehensive service commitment, we offer a variety of educational offerings on a number of important topics.

Risk Control Solutions

Wide-ranging client-focused services tailored to your business.

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Our approach begins with understanding your needs and goals, so please contact us with any questions to get started.

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Insurance products and services offered through McGriff Insurance Services, Inc., a subsidiary of Truist Insurance Holdings, Inc., are not a deposit, not FDIC insured, not guaranteed by a bank, not insured by any federal government agency and may go down in value.

McGriff Insurance Services, Inc. CA License #0C64544