Captives Insure to launch EmpoweredRE program

Captives Insure is to launch a group captive in 2025.

Open to approved brokers and captive management firms, Captives Insure said that the EmpoweredRE program is easily able to be integrated into insurance solutions without requiring any change to commissions or fee structures.

Designed exclusively for well-managed businesses, and exclusive to Captives.Insure, EmpoweredRE provides a turn-key solution to Workers’ Compensation, Auto, and General Liability challenges faced by insureds today.

With EmpoweredRE clients can expect:

AM Best-rated policies with deductibles and sublimits designed to match contractual requirements

Anticipated +60% of policy premium in a captive

Utilise an existing broker, captive manager, or existing captive insurance arrangements

Clients keep 100% of their captive’s underwriting profit

Complete control over the requests for surplus distributions from a captive’s investment account

The program qualifications include:

Minimum premium of $500K for underwritten coverages

Client must provide evidence of formal risk management programs and procedures

Strong insured financial position

Excellent loss histories (<40%)

Submissions no less than 60 days prior to the desired effective date