The commercial insurance marketplace is constantly evolving thanks to a myriad of factors influencing market conditions at any given time. The market can swing from years of reasonable rates and favorable underwriting to years with rate hikes and limited capacity, leaving even companies with steady risk profiles and good loss histories scrambling to find coverage that fits their needs.
This fluctuation between hard and soft markets — and the resulting coverage challenges — have led many companies to seek alternatives to traditional insurance.
Artex has long been at the forefront of providing a diverse range of insurance alternatives to a broad spectrum of industry sectors. We currently manage several Group Captive programs — each open to new members — specifically designed to meet the needs of mid-market organizations looking for an alternative risk transfer solution for:
- Workers' compensation
- General liability
- Auto liability
Artex group captives open to new members
Artex offers both homogenous (formed by businesses within the same industry) and heterogenous (formed by businesses from different industries) group captives, all of which are open to new members. Group captives offer key benefits of pricing stability and reduced insurance costs, increased control over claims management and loss control, and return of underwriting profit and investment income.
- Are committed to risk management and safety
- Have a loss ratio below 50%
- Pay more than $250,000 in premium for auto liability, workers' compensation, and/or general liability
Ideal candidates for Artex group captives include:
- Middle-market organizations across all industry sectors
- Construction companies (trade and artisan contractors, commercial contractors)
- Electrical and mechanical contractors
- Organizations in food-related industries (bakers, food processors, food manufacturers, food distributors)
- Trucking companies (ground transportation, trucking for hire, convenience store operators, petroleum marketers)