Great American Captive
Captives are a great alternative to "business as usual"! Great American Captive business models deliver risk-sharing options to retail agents and associations, as well as to large accounts, either on an individual (single entity) or group basis. Through the formation of a captive insurance company our risk-sharing agents and clients can:
Stabilize insurance costs
Provide coverage solutions unavailable in the traditional market
Diversify revenue streams
Gain control of their own financial destiny
What Is a Captive?
The term “captive” originally referred to a company that was formed primarily to provide insurance coverage for the assets and risk liabilities of its parent company. Today, captives are used for many purposes, but at their simplest, they allow those involved to share profits in return for sharing risks.
Our captive business model brings risk-sharing capabilities to a variety of organizations, including:
Retail Agents: our industry leading Agency Captive model offers your agency an opportunity to take a risk position on your book of business, be it heterogeneous or homogeneous in nature.
Associations: an attractive source of non-dues revenue, our Association Captive model gives the association the ability to participate in the members risk as a whole.
Large Account Customers: whether your firm wishes to build its own captive (Single Entity Captive) or combine forces with other peer companies (Group Captive) our model offers a variety of risk-participation options to meet your needs.