Garnet Captive manages and markets multiple group captive programs. Our groups are marketed through our network of retail brokers. We have both heterogeneous and industry-specific group captives. Typically, the minimum premium for our group captives is $150,000.
A heterogeneous group captive includes employers from multiple industries, but typically writes only one line of coverage. The mix of industries provides Members with stability through diversification. Garnet Captive has created several different heterogeneous group captives that collectively encompass most industries. The group captives are separated based on the employers’ severity exposure.
Garnet Captive’s open heterogeneous group captives:
CommonWealth focuses on non-CA employers with low to medium severity exposures.
GADA focuses on franchise auto dealerships.
RST focuses on CA employers with low-severity exposures.
Union focuses on CA employers with medium- everity exposures.
Please contact Garnet Captive to determine which group captive is the ideal fit for your client.
An industry-specific group captive includes employers from within a single industry, but may encompass multiple lines of coverage. This type of group captive works well where there is little variance in operations from one employer to the next. Common operations allow for the standardization of risk selection, loss control, and claims adjusting.
Garnet Captive’s open industry specific group captives:
Auto Dealership Program focuses on franchise auto dealerships.
New Group Captives
Garnet Captive continuously seeks to start new group captives. If you have a group of employers that you think would be interested in forming a new group captive, please contact J.J Purdy.