The Alternative Insurance Market: Captive Insurance Company
What is Captive Insurance? A group captive is an insurance company that provides insurance to and is controlled by its members. Group captives, like NorthStar Insurance Ltd, have multiple owners. They are formed by a group of individuals or entities that come together to jointly own the new company. They can be a group of like companies; homogeneous, or they can be compromised of a variety of industries, which is heterogeneous.
More control— it’s what you can expect when you work with our team of experienced professionals. Because we administer one of the largest, most successful and most experienced Central Pennsylvania-based captives, we have the special knowledge, resources, and experience to guide you through the alternative market.
We’re focused on providing you with a variety of flexible tools to help you gain control over risk management issues and reduce costs showing you the Upside of Insurance.
Members enjoy the benefits of lower costs, improved loss control, and claims management, as well as opportunities for dividend distribution and long-term control over their insurance destiny.
Gunn-Mowery has one of the largest and most successful captive insurance programs in Central PA. If you’re looking for captive insurance in Harrisburg, PA, or anywhere in the region, don’t you want the best?
You can join Gunn-Mowery’s captive, which is the largest and most successful in the region or Gunn-Mowery can also help you create your own self-insurance solution.
The Upside of our Alternative Funding Services:
- Self-insured retention programs
- High deductible plans
- Single parent and group parent captive management, 831B programs
- Program design
- Reducing costs –turn your insurance expense into a profit center
- Improving risk management
- Increasing cash flow
- Controlling your insurance destiny by avoiding market volatility of the general insurance industry Enjoying stability and predictability
The NorthStar captive has given our company the knowledge, tools, and professional resources we need to finally gain control of our business costs. I would recommend NorthStar to any business that is serious about workplace safety.” -Peter Phillips, CEO, Phillips Office Solutions
“Being a member in NorthStar has helped us focus greater attention on loss control and claims management, which has ultimately provided a more consistent control of our insurance costs. When we look back over the past 15 years and compare our experience to the traditional insurance marketplace, we can easily see the benefits the captive has provided.” – Jon Kessler, Chief Financial Officer, Gannett Fleming, Inc.
We have the industry insights, expertise and team to take you further. If you are looking for an alternative market or need a more customized solution, contact Gunn-Mowery. Our captive solutions give you more control over risk, help you enhance safety and allow you to manage insurance costs. To control insurance expenses while enjoying peace of mind, contact Gunn-Mowery.