42%
Equity position against premium
Case Study
Building a 42% Equity Position and Nearly 11% in Dividends
A founding member turned strong safety and risk management into lasting value.
Read the case study
Resources
Case Study
Driving 37% Cost Savings and $1.2M in Equity
After 25+ years with a traditional carrier, an automotive group gained control and flexibility with Haven Re.
37%
Reduction in premium costs vs. traditional spend
$1.2M
Total equity accumulated over five years of membership
25%
Initial premium savings against conventional market pricing
- Industry
- Automotive
- Previous Program
- Traditional insurance
- Haven Re Membership
- 5 years
01 The Challenge
A long carrier relationship with no reward for strong performance
An automotive group had been with a traditional insurance provider for more than 25 years. Though happy with the relationship, the company was missing out on enhanced savings given its favorable loss experience.
It also had little control over its insurance costs from year to year.
02 The Solution
A captive built around best-in-class operations
Hylant began educating the company on the advantages of joining Haven Re and creating long-term stability over its annual insurance spend.
Though initially skeptical of the program's ability to be a long-term solution, the company worked with the captive team to understand Haven Re's structure, discuss submission timing, and develop an overall strategy to determine viability.
The fronting carrier and excess provider visited the company's facility to better understand the business. It was clear the operations were best-in-class, with strong controls in place to make a captive a feasible long-term strategy.
Given the 25% initial premium savings and conversations with other Haven Re members, the company ended its 25-year relationship with its traditional carrier and joined Haven Re. The captive has also given it ease and flexibility in adding coverage unique to the company.
03 The Journey
How they joined Haven Re
-
1
Learn
Hylant illustrated the advantages of joining Haven Re and the long-term stability it could provide.
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2
Evaluate
The captive team walked through Haven Re’s structure, submission timing, and an overall strategy.
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3
Visit
The fronting carrier and excess provider toured the company’s facility and met with its stakeholders.
-
4
Connect
The company attended the captive board meeting and spoke with existing members.
-
5
Join
The company left its traditional carrier of 25 years and became a Haven Re member.
04 The Results
From a fixed annual expense to long-term stability
Before
Traditional insurance carrier
- No added savings despite a favorable loss experience
- Little control over insurance costs
- Limited flexibility in coverage
After
Haven Re group captive
- 25% initial premium savings against market pricing
- 37% reduction in premium costs
- $1.2M in equity built over five years
- Flexible coverage tailored to the company
More Member Stories
See how other Haven Re members are taking control of their insurance programs.
34%
Reduction in rates upon renewal
Case Study
How a $100M Contractor Cut Insurance Costs by 34% and Gained $1.1M in Equity
A fast-growing contractor with very few claims joined Haven Re, lowered its rates at renewal, and built $1.1M in equity over four years.
Read the case studyReady to Regain Control Over Your Insurance Spend?
Haven Re provides businesses with greater control over their insurance program, offering pricing based on positive performance.
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