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.”