At Captive Resources (CRI), we work with two main types of casualty group captives: heterogeneous group captives and homogeneous group captives. If your company is considering joining a group captive, there are advantages to joining either structure. Both types share the common objectives of providing members more control and long-term stability of their insurance costs, incorporate the same funding formula and unbundled structure, and typically offer the same coverages — workers’ compensation, general liability, automobile liability, and physical damage (although coverages are tailored by each captive for the membership’s unique needs). Ultimately, it comes down to which option complements your company best.
Here is a brief overview of each type of group captive:
Heterogeneous Group Captives
Captive Resources supports 20 heterogeneous casualty captives from diverse industries, including (but not limited to) select construction and manufacturing classes, retail, wholesale, distribution, and specialty trade contractors. The risk diversification in these captives achieves a greater spread of risk.
Contact us for more information on heterogeneous casualty captives.
Homogeneous Group Captives
Homogeneous captives are comprised of member-companies from the same industry. Given that members have similar insurance and risk management needs and concerns, coverage and loss prevention programs can be customized to the captive’s specific industry.
Explore the homogeneous captives we support to find the right fit for your company.