MIJS Captive Management partners with I-Re
MIJS Captive Management has partnered with commercial P&C underwriters, I–RE, to enable MIJS’s mid-market clients to take on some of their own commercial P&C insurance risk in a standalone captive.
I–RE is a commercial P&C underwriter solely dedicated to sharing risk and reward with high-performing mid-market companies. Through RE–PAID, these companies have the opportunity to take a share of their own commercial P&C risk and earn substantial profits from their premiums, amounting to hundreds of thousands, even millions, of dollars. Since its launch in 2019, RE–PAID has benefitted well-managed mid-market companies who face rising premiums despite maintaining low claims loss ratios, the company said.
Matthew Howard, partner, MIJS Captive Management, said: “Our philosophy is rooted in the belief that quality service requires not only expertise but a deep understanding of the unique needs of each client. We are excited to work with I–RE, whose proven track record in the P&C insurance sector aligns perfectly with our commitment to delivering exceptional service. This partnership will help us to broaden our reach, further enhancing our distinguished captive management services and providing our clients with unmatched access to A-rated commercial P&C insurance solutions. By partnering with I–RE, we will create significant value for our clients, staying true to our dedication to personalized attention and excellence in every aspect of our practice.”
Andy Jeckells, co-founder and co-chief executive of I–RE, added, “There are some extraordinary companies operating today who are working hard to manage their risks and do the right thing when it comes to securing the future of their businesses. These business owners feel it’s unfair that they are consistently paying high premiums despite their diligent management of risks and low claims records. This is why RE–PAID works so well at enabling more of these hard-working, high-performing mid-market companies to take back a share of their own risk and reap the rewards – to re-invest, to expand, to help them continue to grow strong. We’re excited to partner with MIJS Captive Management, LLC and the opportunities that RE–PAID will bring to us working together as a team, and to their clients.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.