Member-owned group captive insurance

Captive8 makes it easy for groups and associations to setup their own insurance company to insure the risks of their members.

The Problem

As the global insurance market continues to harden, organizations are increasingly facing multiple challenges:

Lack of Capacity

Insurers are no longer willing to underwrite certain risks.

Increasing Premiums

Premiums are going up, even for those who have favorable loss experiences.

Limited Coverages

Coverage options for new policies are more limited, and insurers are reducing or eliminating certain coverages on renewal.

Denied Claims

Insurers are increasingly denying claims. Business interruption claims due to COVID-19 are an example.

Solution

The Solution

An online insurance marketplace where groups and associations can easily and cost effectively setup their own captive insurance company to provide customized coverages to their members while participating in the profitability of the underlying insurance program.

Broader Coverage

A captive may be able to provide coverages where the conventional market is unwilling or unable to for certain risks.

Lower Premiums

With a good loss ratio, the captive has the potential to reduce or at least stabilize the price of coverage.

Profit Sharing

A captive is able to participate in the profits of its own insurance program.

Cash Flow

Establishing a captive allows more flexibility in premium payment planning.

Customized Coverages

A captive has complete freedom to insure any risk it chooses and to customize the terms and conditions of its policies.

Improved Claims Handling

A captive is also able to establish its own claims handling policies and procedures.

About

Find Out More About Us

Captive8 was created out of the need to reduce the cost and complexity of captive insurance for small to medium sized organizations.

  • Who We Are

    We specialize in the setup of captive insurance companies for associations and groups. "Association" or "group" captives are insurance companies that are owned and managed by multiple non-related organizations. Among other things, they offer the opportunity for members of a group or association to participate in the profitability of their own insurance program.

  • Vision

    To give small and medium sized businesses the opportunity to participate in the profitability of their own insurance programs while simultaneously having more control over claims and underwriting.

Shafeen Mawani

CEO & President, Fortress Insurance

Fortress has a long-standing goal to collaborate with, and explore, new insurance product niches and insurance programs. The concept and technological framework of Captive8 is something new and exciting and we're happy to explore this adventure with their team.

Barrie McWha

Partner, Wedgewood Golf Management

I am excited to work with this team on a project that is exciting for both golfers and golf courses. Today we can offer contests that will attract people to the game, and benefit golf courses everywhere.”

James Clay

CEO, J.T. Insurance

Captive8 offers brokers an innovative tool to deliver customized insurance solutions to their clients while maintaining control and transparency.

Adam Niman

Niman Financial Inc. and Co-Founder of Kibono Inc.

Captive8’s smart contract technology brings transparency and efficiency to investing in captives' capital reserves, offering secure management and confidence.

Marjan Madani

Co-Founder, Marjan Davinci Laser & Cosmetic

Captive8's innovative platform brings a new level of efficiency and control to the insurance process, making it easier for businesses like ours to explore tailored risk management solutions while focusing on growth and client satisfaction.

Products

First Products

The first products on Captive8 include a portfolio of coverages.

  • All
  • Prize Indemnity
  • Property
  • Credit
  • Weather

Eagle1 Hole In One Insurance

Prize Indemnity

Glass Replacement

Property

Insurance for Receivables

Credit Insurance

Coverage for Flooding and Drought

Weather

Strata Insurance

Property

F.A.Q

Frequently Asked Questions

These FAQs address some of the most common questions about our platform.

  • A Captive insurance company (“Captive”) is a specialized private insurer that is usually setup to provide coverage for a specific risk. Captives accept premiums that would normally have been paid to a regular insurer. If the claims paid are less than the premium collected, the captive makes a profit, just as a regular insurance company would. The difference is that the Captive owner benefits, not the regular insurer.

  • Captives make up 2% to 3% of the commercial insurance market and have been growing steadily in popularity since the 1960’s when the first captives were being formed in Bermuda. Today, Captives are a fixture among Fortune 1000 companies. Many smaller companies and even groups of individuals also use Captives. Competition has driven down captive formation and operational costs to the point where Captives have become a realistic option for even relatively small organizations.

  • Association Captives are setup to insure the risks of its members. An example of such an association could be a condominium homeowners association, whose members are the Stratas. Group Captives are like Association Captives and are made up of a collection of like-minded organizations that band together to form an insurance facility that retains some risk but spreads the risk of unanticipated losses among each other, thereby diminishing the impact of a bad loss year for one or more of its members.

  • Individual businesses can't setup their own captive on our plaform, but the groups or associations that represent them can.

  • The insurance marketplace commonly goes through its “hard” and “soft” cycles where premium fluctuations have little relation to individual loss experience. These swings can be avoided by joining with other like-minded, successful companies to create your own group or association captive insurance company, making your costs more predictable and stable. In this way, you can lower your costs and earn investment income — both benefits you won’t receive from a traditional insurance company.

  • Simply contact us and we'll go through the process of setting up a captive on our platform to provide insurance coverage to your members.

Recent News

Captive News

Stay up-to-date with the latest developments and insights in captive insurance.

 

Connecticut lawmakers to consider captive changes

Publication Date: 2025-01-24 6:32:38 PM Connecticut lawmakers to consider captive changes : Please provide the text of the article you wish to have rewritten, and I'll be happy to assist you in reducing the token count while preserving the core detai...
Published on: Jan 24, 2025

 

Connecticut lawmakers to consider captive changes

Publication Date: 2025-01-24 6:32:38 PM Connecticut lawmakers to consider captive changes: The Connecticut House Insurance and Real Estate Committee will conduct a public hearing on a bill proposing greater flexibility for businesses to convert capti...
Published on: Jan 24, 2025

 

LA wildfires threaten European reinsurers’ budgets

Publication Date: 2025-01-24 4:07:02 PM LA wildfires threaten European reinsurers’ budgets: Fitch Ratings Inc. has issued a warning regarding the Los Angeles wildfires, which have the potential to consume over 30% of the catastrophe budgets of Europe...
Published on: Jan 24, 2025

 

Specialist Risk Group expands into Europe with new partnership

Publication Date: 2025-01-24 4:06:32 PM Specialist Risk Group expands into Europe with new partnership: Specialist Risk Group Ltd., a U.K.-based insurance broker, is set to expand into mainland Europe through a partnership with Germany-based Ecclesia...
Published on: Jan 24, 2025

 

Tennessee workers’ compensation rates decline for 12th consecutive year

Publication Date: 2025-01-24 3:12:33 PM Tennessee workers’ compensation rates decline for 12th consecutive year: Tennessee's workers’ compensation insurance premiums will decrease for the 12th year in a row in 2025, benefiting most businesses startin...
Published on: Jan 24, 2025

 

Relm Addresses Growing Risk of Crypto Exchange Bankruptcy

Publication Date: 2025-01-24 3:05:19 PM Relm Addresses Growing Risk of Crypto Exchange Bankruptcy : Please provide the article text you would like revised.
Published on: Jan 24, 2025

 

Relm Addresses Growing Risk of Crypto Exchange Bankruptcy with Innovative FALTAWEB3 Product Launch

Publication Date: 2025-01-24 3:05:19 PM Relm Addresses Growing Risk of Crypto Exchange Bankruptcy with Innovative FALTAWEB3 Product Launch: Relm Insurance, a Bermuda-based specialty insurer, has launched FALTAWEB3, a pioneering risk transfer solution...
Published on: Jan 24, 2025

 

WTW unveils new investment management insurance offering in US

Publication Date: 2025-01-24 12:13:55 PM WTW unveils new investment management insurance offering in US: Willis, a part of WTW, has launched the Investment Management Insurance (IMI) Plus for US clients. Originally introduced in July 2024 for the UK...
Published on: Jan 24, 2025

 

Hong Kong Wraps Up Valuable Participation at WEF Annual Meeting

Publication Date: 2025-01-24 11:21:36 AM Hong Kong Wraps Up Valuable Participation at WEF Annual Meeting: The Financial Secretary of Hong Kong SAR, Paul Chan, concluded his participation in the World Economic Forum (WEF) Annual Meeting in Davos, Swit...
Published on: Jan 24, 2025

Team

Our Team

Our team consists of leaders in insurance, technology and investment.

Kevin Day

Chief Executive Officer

Daniel Klein

Chief Financial Officer

Jurgens Bosman

Chief Compliance Officer

Steven Beeghly

Advisor

Contact

Contact Us

If you would like to explore the opportunity to set up a captive insurance company for your industry association or group, take the next step and start building!

Call Us

+1 888 910-6322 (OFBC)