Captives/Risk Retention Groups
Our alternative risk experts help clients join, create or grow Risk Retention Groups and Captive programs. In the alternative risk market, clients can effectively craft some of their own language for coverage terms.
In a traditional risk market, a client would pay premiums to an insurance carrier who then bears risk for premiums paid. With an alternative risk scenario, a client pays a similar premium but also has the opportunity “earn back” those premiums with investment income—if they have good loss experience. This offers the client stability associated with long-term cost of risk.
Since the development of our Alternative Risk unit in 2004, we have written potential distributions to clients approaching $10 million. Services in this area include: on-shore and off-shore captive consultation, risk retention group design and formation, captive insurance placement, and multi-state and international capabilities.
Client Anecdote: A large Midwestern distributor with an average workers compensation record decided to recommit to safety. We proposed they join a group captive at the same cost as their traditional carrier. The client maintained a strict focus on safety and returning employees to work on a modified-duty basis. After five years in the group captive, they amassed equity of 27% of the premiums paid into the captive. Gregory & Appel delivered a price, product and service that allowed the client to reduce their cost of risk.
Products & Services
- Ambulance / Patient Transport
- Property Owners & Managers
Shawn, who has worked in production at Gregory & Appel since 1996, specializes in large commercial risks with a focus on Risk Retention Groups and Captive insurance programs. Shawn’s book of business is designed around a smaller number of large clients. This approach allows a “hands on” service model for sophisticated risk management clients. He has earned his Accredited Advisor of Insurance (AAI) designation. Shawn graduated from University of Evansville with a dual major in Marketing and Health Care Management. He was also a member of the varsity men\'s tennis team. Brad joined Gregory & Appel in 2003 after fifteen years working for public and privately held insurance brokerage firms. Brad began his insurance career as a commercial underwriter at Heritage Mutual Insurance Company, now Acuity. Brad specializes in Alternative Risk and large casualty insurance placements. He holds a BA from Bowling Green State University.