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The Convergence Group Captive is designed for best-in-class organizations across various industries, providing a long-term solution to manage risk while offering stability and the opportunity to turn insurance premiums into profit. Established in 2017, this heterogeneous group captive offers comprehensive coverage for Workers’ Compensation, General Liability, and Auto Liability (including Auto Physical Damage), helping businesses take control of their insurance costs and benefit from their effective risk management strategies.
Coverages
- Workers’ Compensation (WC)
- General Liability (GL)
- Auto Liability (including Auto Physical Damage)
Coverage Eligibility
- Businesses across various industries, including hospitality, manufacturing, distribution, wholesale, retail, healthcare, financial services, real estate, and more.
- Minimum premium of $250,000.
- Nationwide availability.
- Commitment to risk management and strong safety culture.
Program Partners
- Carrier/Reinsurer: The Hartford
- TPA: CCMSI
- Captive Manager: SRS
Program Highlights
- Long-Term Control: Reduces the impact of insurance market cycles, giving members stability in pricing and program management.
- Profit Participation: Members can share in underwriting profits, with premiums based on individual loss experience.
- Pricing Stability: Premiums are developed based on loss experience, independent of market fluctuations.
- Customized Claims Management: Members participate directly in claim handling, settlement decisions, and proactive litigation.
- Investment Income: Earns and returns investment income to members, maximizing financial benefits.
- Direct Accountability: Service providers report directly to members, ensuring transparent, member-focused support.
- Tailored Risk Management: Loss control and claims management are customized to meet the unique needs of each member.
- Cost Control: Members have the greatest possible long-term control over insurance costs and risk management.
Optional Enhancements
- Loss Control Services: Tailored risk management programs designed to meet the specific needs of each member.
- Claims Administration Tools: Exclusive tools to help reduce claim costs and improve overall risk management.
- Proactive Litigation Support: Access to specialized services for handling complex claims and litigation.
Carrier
- The Hartford (A+ Rated)
Speak to an Expert
Josh Stoll
VP, Group Captives
Specialty Captive Group, a division of Specialty Program Group
