Insurance broker Hylant has set up a primary casualty, heterogeneous group captive designed to provide well-performing middle-market business a cost-saving option.
The captive, Haven Re, offers a range of casualty coverages to member firms, including automobile liability and physical damage cover; general liability including products and completed operations; and workers' compensation and employer's liability.
Kip Irle, senior vice president of captives at Hylant had led the effort to design and structure Haven Re.
“Focusing on high-performing middle-market businesses and joining them together to realize premium savings with well-designed coverage was core to the success of this captive,” said Irle.
Mike Hylant, CEO of Hylant, added: "Businesses of all sizes are seeking creative options to manage their risk while balancing costs. Haven Re was carefully designed to provide the solid protection each client seeks, with added support services not available in standard insurance placements.”
Hylant, Captive, Insurance, Haven Re, North America