Insurance brokerage Hylant has launched a group captive insurance company, Haven Re, which will provide a cost-saving option for middle-market businesses.
Member firms can use the heterogenous group captive to insure one, two or all three primary casualty coverages, including automobile liability and physical damage, general liability including products and completed operations, and workers’ compensation and employer’s liability.
To support Haven Re, Hylant partnered with The Hartford, a premier “A” rated insurance company, which will handle claims management and loss control for the members of the group captive.
Haven Re, which is domiciled in Tennessee, is designed for middle-market businesses with a strong commitment to safety and loss control, conservative balance sheet and consistent cash flow.
Hylant’s senior vice president of captives, Kip Irle, who led the design and structuring of Haven Re, said: “Focusing on high-performing middle-market businesses and joining them together to realize premium savings with well-designed coverage was core to the success of this captive.”
Mike Hylant, CEO, added: “Businesses of all sizes are seeking creative options to manage their risk while balancing costs.”
“Haven Re was carefully designed to provide the solid protection each client seeks, with added support services not available in standard insurance placements.”
