5 June 2013New Captive Models

Vanliner forms third group captive

Vanliner insurance Company, notable as an insurer of the moving and storage industry, has announced the formation of its third group captive. Move-CAP has been designed for “premier moving and storage operations” open to all moving and storage companies regardless of van line affiliation.

Ray Wise, president of Vanliner, commented: “it is exciting to add Move-CAP , the first group captive program open to all moving and storage companies, to our growing alternative risk transfer portfolio. The program was designed to provide a more cost-effective risk management solution for safety conscious moving companies, regardless of their van line affiliation. Move-CAP members enjoy the opportunity to network, share best practices and have a say in important program decisions including those that impact underwriting and loss control. Move-CAP is yet another avenue for Vanliner to expand its market reach by forming long-term partnerships with this larger audience of independent and diverse moving and storage professionals.”

Wes Stewart, president of Stewart Moving Company, added: “Vanliner’s long time expertise in moving and storage coupled with their risk management expertise had a direct impact on our decision to enter this program. In just a few months we have already seen a difference, and appreciate Vanliner’s efforts in providing us with the latest resources and tools needed to take our safety program to the next level.”