Captives

Menu
CONTACT US

About

Our History

Founded in 1996 with the support of Captive Resources, LLC, Affinity Insurance Ltd. was created by business owners seeking a better, more predictable insurance alternative. What began as a way to take control of rising costs has grown into a thriving captive of 465 member companies, built on shared ownership, financial strength, and a proven record of stability and results.

Performance

2/5

Select Charts

Gross Earned Premium

Our gross earned premium growth highlights the expanding strength and stability of its member companies, demonstrating the financial power of shared ownership and disciplined risk management.

Members

Our gross earned premium growth highlights the expanding strength and stability of its member companies, demonstrating the financial power of shared ownership and disciplined risk management.

Investment Income

Our gross earned premium growth highlights the expanding strength and stability of its member companies, demonstrating the financial power of shared ownership and disciplined risk management.

Distributions

Our gross earned premium growth highlights the expanding strength and stability of its member companies, demonstrating the financial power of shared ownership and disciplined risk management.

Incurred Loss Ratio

Our gross earned premium growth highlights the expanding strength and stability of its member companies, demonstrating the financial power of shared ownership and disciplined risk management.

Premiums Built For Performance, Not The Market

One-size-fits-all pricing is out. In Affinity, each member company’s annual premium is actuarially tailored to actual results and commitment to safety. This is not a market rate. It is a performance rate. Premium dollars retain predictable, company-specific risk, while catastrophic events are shared across the group. The model encourages accountability, rewards disciplined management, and makes long-term insurance costs more predictable.

Criteria

Because each member of Affinity is an owner, the following criteria has been established to ensure the quality of membership and long-term strength of the company:

  • Management Commitment to Safety
  • Financially Strong Company
  • Loss Experience Better than Average for Industry Group
  • Regular Attendance and Participation in Board Meetings
  • Business Philosophy Compatible with Affinity
  • One Time contribution to capitalization of $36,000
  • Minimum Incoming Annualized Premium of $450,000es.
We empower members to be proactive. Each member receives dedicated funds to engage a loss control consultant who acts as a trusted partner, focused solely on preventative strategies to reduce risk exposure and improve long-term performance.
Claims Management with Clarity
While the TPA handles claims and has that authority, the company maintains oversight. Partner with our dedicated third-party claims administrator, leveraging leading technology and customized handling instructions that reflect company service expectations and ensure clear visibility and input throughout the process.
Twice a year, Affinity hosts intensive Risk Control Workshops focused specifically on advanced claims management and loss prevention strategies. These customized, unique events allow members to network with fellow owners and leverage collective expertise to refine risk strategies.
Stay ahead of emerging risk trends. As Affinity members, organizations receive complimentary access to monthly webinars, concise one-hour sessions designed to deliver practical, actionable insights on safety, claims, and risk issues directly to internal teams.
Access a powerful, web-based service filled with tools to bolster the entire risk program. This centralized Risk Platform provides an abundance of resources, from comprehensive safety training modules to up-to-date guidance on employment practices.
The secure Member Portal is a single point of access for all essential captive information. Members can review key documents like annual financial reports, access board meeting summaries, join member-only forum discussions, and retrieve the library of risk control and webinar recordings.

Affinity’s management strength lies in its strong committee structure and the frequent, individual involvement of all Directors.

Insurance Consultant:
Captive Resources, LLC

Policy Issuance: 

Zurich North America

Reinsurer: 

Zurich North America


Insurance Brokers: 

Nationwide Network

Claims Administration:
Gallagher Bassett Services, Zurich North America

Loss Control Consultant: Nationwide Network

Insurance Manager:
Kensington Management Group

Auditor: PricewaterhouseCoopers

Credit Banks:
Société Générale, Barclays Bank PLC, Deutsche Bank



Operating Bank: 

Scotiabank & Trust (Cayman) Ltd.

Actuary:
Pinnacle Actuarial Resources, Inc.

Becoming a member of Affinity means taking an active, controlling role in a company’s insurance future. This shift in responsibility is precisely how members achieve long-term stability and financial rewards.

The Legal Structure: Control and Security
Affinity Insurance Ltd. is licensed and managed in the Cayman Islands, serving to reinsure risks from our U.S.-licensed policy-issuing carrier. This proven structure provides the necessary security and financial efficiency for the core lines of coverage: Workers’ Compensation, General Liability, and Automobile Liability and Physical Damage. The company gains the control of a global structure backed by the security of a recognized U.S. carrier.
Each shareholder is entitled to appoint a Director to the Affinity Board. This ensures direct representation and shared control:
  • Equal Vote, Shared Power: Every shareholder holds one equal vote, regardless of premium size. A simple majority governs, ensuring that the captive is managed in the best interest of all members.
  • Active Participation: Primary responsibilities include actively controlling losses and participating in Board meetings and Risk & Claims workshops.
  • Growing the Equity: Members are encouraged to use their expertise to educate other high-quality businesses about the benefits of the captive concept, helping to maintain and enhance the group’s financial strength.

Affinity’s management strength lies in its strong committee structure and the frequent, individual involvement of all Directors. This focused oversight is how owners exercise granular control over the captive’s operations and strategic future.

Executive: Develops and steers the long-range plans and strategic direction for the company.

Finance: Reviews all financial statements, ensures member financial compliance, and advises the Board on the investment policies for the company’s assets.

Underwriting: Advises the Board on acceptable risks, ensuring that all risks assumed are adequately underwritten to protect the group’s financial stability.

Risk Control: Sets aggressive loss control goals, reviews performance reports, and actively works with members to achieve the required safety and claims management targets.

Membership Development: Assists existing members in sharing the captive’s value proposition and educating prospective high-quality companies about the benefits of Affinity.

Long Range Planning: Dedicated to developing and formalizing future plans for the company based on ongoing strategic analysis.

Nominating: Recommends future officers and committee chairpersons to the Board for two-year terms, ensuring strong, continuous leadership.

Learn More About Affinity

Contact us

Benefits of Joining Affinity

The Ownership Advantage

Affinity members share a common goal: protecting their people and their businesses. We empower sophisticated business leaders with unmatched control and the opportunity to turn a commitment to business excellence into a financial asset. The model is built on three core pillars: financial stability, a rewarding safety culture, and peer-to-peer trust.

In Affinity, an investment in workplace safety is directly rewarded. Partners are bonded by a shared commitment to minimal losses and are provided with actionable steps and proven recommendations to elevate their safety culture. This focus on loss control translates into fewer claims and a safer workforce, which is the necessary foundation for long-term financial stability within the captive. The selection process is stringent. We partner only with industry leaders who demonstrate managerial commitment to safety and financial stability. This selective, transparent process ensures a foundation of trust that protects every owner’s investment and upholds the group’s financial strength.

We transform insurance premiums into a source of stability and equity. The concept is simple: by joining a captive for a true sharing of risk, owners earn the financial rewards previously retained by traditional carriers. Member success is our success. This collective strength allows partners to achieve long-term premium stabilization and the opportunity to generate dividends, which are a direct return of underwriting profit to members. This financial advantage, coupled with expert risk coaching, makes a disciplined approach to risk a clear profit center.

A key differentiator of Affinity is the active participation and collective input of its shareholders. This is not a passive investment. It is an executive-level peer network where shareholders actively govern the company. This shared interest creates a constructive network of national business leaders eager to improve their own companies while contributing to the overall success and direction of the group. Collective input shapes the company’s future, ensuring the captive always operates in the best interest of the membership.

Affinity For Executives

Affinity empowers business leaders to turn insurance into a strategic advantage, giving them control over costs, culture, and outcomes while connecting them with a powerful network of like-minded executives.

Control Corporate Destiny
Leaders navigate complex challenges, balancing ambitious financial milestones with the critical task of leading organizational culture. Affinity was founded by business owners who wanted more control over costs and outcomes. That same entrepreneurial spirit drives Affinity today, empowering member companies to set the strategic course for their risk management future.
In the traditional market, excellent claims performance rarely translates into financial benefits. The annual premium is often a sunk, fixed cost with little control over the rate. With Affinity, that dynamic fundamentally changes. The premium becomes an investment. Member companies have the opportunity to earn dividends that directly reflect superior loss performance and the collective success of the group. This model works: since inception, Affinity has returned over ### million in dividends to its partners, proving that excellent risk management pays tangible financial rewards.
Every effective CEO understands that culture is king for team performance. A strong safety culture is perhaps the most critical component, ensuring employees return home safely and minimizing business disruption. Upon joining the Affinity community, members benefit from the collective experience and insight of other successful leaders. Access includes direct safety coaching and proven strategies from fellow executives on cultivating a culture of safety and implementing safer, more efficient operations.
As an Affinity partner, organizations are not just buying insurance; they are joining over 450 elite companies united in a commitment to controlling costs, improving safety, and growing the group’s financial strength. Partners frequently cite this deep sense of camaraderie as a key benefit, often leading to valuable new business opportunities and extensive, practical peer-to-peer business training that goes far beyond insurance.

Learn More About Affinity

Contact us

Affinity For Financial Managers And Directors

Affinity empowers business leaders to turn insurance into a strategic advantage, giving them control over costs, culture, and outcomes while connecting them with a powerful network of like-minded executives.

Stability, ROI, and Control
Finance directors and CFOs know an insurance program’s financial implications extend far beyond the initial premium. Leaders must assess long-term cost trends, volatility, and how claims activity impacts a company’s fiscal health. Affinity was created by business leaders to solve these exact challenges, transforming insurance from a volatile expense into a controllable, financially rewarding asset. For successful companies, Affinity is a direct and valuable contributor to sustained financial success.
Traditional insurance markets rise and fall with industry trends, often ignoring a company’s actual performance. Affinity replaces that uncertainty with stability. Members benefit from more predictable premiums that reflect their safety record and the group’s collective results, not external market swings. This consistency supports accurate, data-driven budgeting and long-term financial planning, helping finance teams project costs with confidence year after year.
Affinity provides the tools and expertise to implement safer company-wide practices, turning operational improvements into measurable financial savings. Members receive guidance and coaching on creating robust cultures of safety, with specific strategies for risk reduction across a range of industries. By implementing these practices across the organization, companies directly and proactively reduce claims costs, securing a lower financial outcome year after year.
In Affinity, the premium does not disappear, it works for the company. By sharing risk and practicing proactive loss control, members transform insurance from a fixed expense into a true investment. When the group performs well, members earn dividends that reflect both company-specific and collective results. Since inception, Affinity has returned more than $### million in dividends to its partners. It is insurance with accountability, with the potential for measurable return on investment.

“In the captive, I know exactly how our premiums are calculated. That transparency lets me estimate future insurance costs with confidence, a huge advantage when we’re bidding multi-year projects.”

CFO

Construction Firm

About Captive Resources

Captive Resources partners with mid-sized companies to form and manage Property & Casualty group captives, licensed insurance companies owned and governed by their members. Participants gain a real voice in decisions, open visibility into where their dollars go, and the ability to design coverage around their needs.

With four decades of proven performance and more than 45 captives supported, we bring the expertise, governance, and services that help members reduce volatility, improve outcomes, and participate in the financial benefits their performance creates. Learn More