Building a 42% Equity Position and Nearly 11% in Dividends

A successful contractor had invested heavily in improving its safety culture and risk management practices, resulting in fewer claims and lower claim costs. While those efforts improved the company's risk profile, its traditional insurance program offered little opportunity to share in the financial benefits.

Even in years with strong loss results, the company continued to pay fixed premiums with no reward for its improved loss history.

As a forward-thinking organization focused on smarter risk-financing decisions, its leaders began exploring alternatives, including a captive insurance program, to better align insurance costs with performance.

While the contractor's business wasn't large enough to form its own captive, Hylant recommended Haven Re, a boutique group captive built to help mid-sized companies take control of their insurance costs, gain stability, and unlock financial returns.

As one of the founding members involved in the formation of Haven Re in 2018, the contractor has been reaping the rewards of its strong loss performance for many years.

Despite increases in exposure over time, the contractor's current captive costs are lower than they were before joining Haven Re, and it has gained greater control and predictability over its insurance costs.