Captive Solutions

When more traditional insurance products are not a good fit, or when your company needs to manage your cost of risk more directly, a captive insurance option can be an excellent choice. Captive solutions provide a powerful means to take charge of your organization’s risk, enhance financial resilience, and drive sustainable growth.


A captive is an insurance subsidiary of a company formed to insure or reinsure the risks of its parent. It functions similarly to a conventional insurer, except you are the owner. The benefits of setting up a captive include:

  • Coverage tailored to meet your needs
  • Reduced operating costs
  • Improved cash flow
  • Increased coverage and capacity
  • Investment income to fund losses
  • Direct access to wholesale reinsurance markets
  • Funding and underwriting flexibility
  • Greater control over claims

MJ can help you explore an array of captive insurance possibilities for your business, including property and casualty and employee benefits solutions.

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Single Cell Captives

Establishing a single cell captive can save you money and protect you against risks that are excluded or otherwise not covered by your primary insurance. While the single cell captive fills the gaps in your existing coverage, it can also help to finance some of the costs associated with extending that coverage.

Group Captives

As its name suggests, a group captive is owned by a group of companies who share similar risks or business interests. Open to companies in nearly any industry, group captives offer the opportunity to earn back a portion of your premium and learn from other companies in your industry or with similar insurance needs. 

Employee Benefits Captives

Healthcare coverage is a top cost for any organization. An employee benefits captive is a great healthcare savings alternative—especially for midsize companies with 100–500 employees—limiting your exposure and giving you access to analytics that can help you control costs. 

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Think a captive solution is right for your business? Reach out to us today to get started.

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