Captives
The Horton Group has developed a core competency in area of Captives, with a particular focus on Group Captives.
Construction
Working in conjunction with our captive management partners at Innovative Captive Strategies (ICS), Horton successfully launched a homogeneous construction group captive in May, 2003. This group currently includes 16 contractors and more than $9 million in annual premium, featuring an earned loss ratio that is well below industry standards. Horton is the exclusive broker on this captive.
Mixed (Heterogeneous) –
Horton and ICS formed a second group captive in January 2006. This mixed industry group features manufacturers, distributors, light service and other miscellaneous exposures.
Highlights & Features – Group Captives
- Premiums are developed based on each individual’s actuarial loss history
- Lower overall fixed costs
- Group purchasing power
- Market fluctuations are minimized
- Each member retains 100% of any underwriting profits + investment income
- Networking and exchanging of ideas with some of the best contractors in Chicago
- Customized claim/risk control services and heightened safety awareness
- Reduction in the amount of time involved in the annual renewal process
|
