Cincinnati
19 April 2017
Reporter: Becky Butcher
Great American Insurance launches motor captive facility
Great American Insurance Group has launched a captive offering aimed at motor carriers with independent contractor fleets.

The Great American Advantage Captive offers motor carriers member-owned group or single-parent captive opportunities that feature flexibility in risk-sharing structure, low costs entry and the ability to share in underwriting profits.

The captive allows motor carriers with large independent contractor fleets to have access to coverages from Great American Insurance Group, including non-trucking liability, physical damage, occupational accident, contingent liability and workers’ compensation.

Randal Smith, divisional senior vice president of Great American’s trucking division, said: “We’re delighted to offer this new product to motor carriers across the country. By participating, they have the opportunity to earn both underwriting profit and investment income, while protecting their independent contractors through a comprehensive insurance programme.”

Smith suggested that the new captive offering is “ideal for motor carriers with 50 or more independent contractor units that have an appetite for risk, are financially strong, and prioritise safety and successful claims management”.

More news
The latest news from Captive Insurance Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Zurich North America names new captive head
26 July 2017 | Illinois | Reporter: Becky Butcher
Todd Cunningham has been appointed head of single-parent and sponsored cell captives for Zurich in North America
Robus hires captive expert
26 July 2017 | St Peter Port | Reporter: Becky Butcher
Robus Risk Services Guernsey has appointed Ben Dunning as director
Clyde & Co continues to expand office space in the US
25 July 2017 | Los Angeles | Reporter: Becky Butcher
Clyde & Co has opened a new office in Los Angeles, marking the company’s ninth US office
Michael Burns to receive Fred Reiss award
24 July 2017 | Hamilton | Reporter: Becky Butcher
Michael Burns, a Bermudian corporate lawyer, has been chosen to receive the second Fred Reiss Lifetime Achievement Award
Excellent ratings for Nuclear Electric Insurance
24 July 2017 | Oldwick | Reporter: Becky Butcher
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit rating of “a+” of Nuclear Electric Insurance Limited
Modelling needed for cyber ILS market development
24 July 2017 | Zurich | Reporter: Katherine Brown
Better modelling and pricing metrics are needed before the insurance-linked securities (ILS) marketplace is introduced to cyber risk transfer, Florian Heimann of AIR Worldwide has said
OECD releases additional guidance on CbC reporting
21 July 2017 | Brussels | Reporter: Becky Butcher
The Organisation for Economic Co-operation and Development (OECD) has provided further guidance on the implementation of country-by-country (CbC) reporting under its framework on base erosion and profit shifting (BEPS) initiative