Brokerage offers captive option for middle market
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Hylant Group Inc. has launched a group captive insurance option for middle-market businesses.
Member firms can insure automobile liability and physical damage, general liability including products and completed operations, and workers compensation and employers liability through the Tennessee-domiciled Haven Re group captive, the Toledo, Ohio-based brokerage said Tuesday in a statement.
Group captives combine traditional insurance with a layer of self-insurance, helping members reduce insurance costs over time, the statement noted.
“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,” Kip Irle, Hylant’s Chicago-based senior vice president of captives, said in the statement.
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