21 April 2016Actuarial & underwriting

BevCap Captive Group unveils domicile change

BevCap Captive Group has revealed it has joined BevCap Health under the umbrella of BevCap Sponsored Captive Insurance, a sponsored cell captive domiciled in Hawaii.

The group, which was founded in 2008, was launched to allow beer distributors to take control of their worker’s compensation, auto liability and general liability insurance.

BevCap also unveiled two new members: West Side Beer Distributing in Michigan and Double Eagle Distributing in Florida.

Lance Abbott, president of BevCap’s programme manager BevCap Management, said: “To the best of my knowledge, the establishment of our second cell in Hawaii makes BevCap Sponsored CIC the first Hawaii captive to have multiple active cells.

“We are delighted with our partnership with the Hawaii regulatory team and look forward to growing our business with them.”