Elevate Risk Solutions

Why Captives?

Captives got their start in the shipping industry in England in the 1700's​.

T​he term “captives” was coined​ in the late 1950’s​ by Fred Reiss, a Risk Manager for the Youngstown Ohio Steel Company. The term referred​ to the coal mines owned by the steel company called captive mines​, which​ Fred needed to self insure.

98% of all S&P; companies and all 20 Dow Jones Industrial companies own their own captive.

There are currently 40+ states that have captive legislation on their books. Vermont is the largest domicile in the United States and Delaware is the fastest growing domicile in the world.

What Is a Captive?

A captive is an insurance company that you own and control. It can be designed for just about any risk, including coverage of gaps in commercial policies while protecting against risk where no coverage exists at all. It does NOT replace your commercial insurance program, it ENHANCES it.

Some of the benefits of a captive are:

  • Creates significant SAVINGS for you on your commercial premiums
  • Provides you GREATER PROTECTION using difference-in-conditions policies
  • Creates a WAR CHEST of assets you own that are used for further protection, investments, or, distribution back to you

Why Now?

Due to competition both domestically and internationally – costs of establishing and running a captive have decreased over time making it affordable for the small to mid-sized business. Captives are not just a tool for the Fortune 500 companies anymore.

Favorable legislation has been passed creating incentives for the small to mid-size businesses to establish their own captive.


We will be the most respected provider of risk solutions in the world and set an example for honest communication with Clients, Service Partners, and Domicile Regulators. To do this, we will maintain a culture that supports our team members so they can provide extraordinary service while always maintaining direct, honest, and timely communication to those we work with. We will honor diversity and embrace new ideas.

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