Missouri
10 February 2017
Reporter: Katherine Brown
Safety National adds captive services
Safety National has added captive services and guaranteed cost workers' compensation to its list of client products.

The captive service will provide coverage flexibility and services catered to maximise the company’s contribution to the captive’s overall risk-financing strategy.

The captive services are aimed at captives that require a risk-sharing partner and supplies admitted and non-admitted paper.

Additionally, it provides statutory coverage for workers’ compensation and flexible limits for other lines like auto liability, commercial general liability, miscellaneous liability and inland marine with rent-a-captive options also available.

Lisa Lacey Willitts, national director for captives, will serve as captive services’ primary contact for inquiries and business requests.

The guaranteed cost workers' compensation product, which requires a minimum for programme eligibility of $750,000, will serve large employers in need of a first-dollar programme.

The company holds preference for specialty classes that includes hotels and related hospitality, light manufacturing, technology, retail and food-related industries.

Abbie Berg, large guaranteed cost underwriting manager, will be the primary contact for inquiries and business requests for cost workers' compensation.

Tom Hebson, vice president of large guaranteed cost workers’ compensation and captive serves at Safety National, commented: “Both of these product lines are a natural and logical fit for Safety National.”

He continued: “They fit firmly into our specialised expertise, containing many of the same characteristics of our core business offerings, and also align nicely with our overall capabilities. We are extremely pleased to make these new options available to our clients and look forward to developing risk-financing solutions that best meet their needs.”

More Industry 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
FCC Services captive reports ‘financially solid’ 2016 results
22 June 2017 | Colorado | Reporter: Becky Butcher
The Farm Credit System Captive Insurance Company, the captive insurer of FCC Services, has reported a net income of $10.3 million in 2016, an increase of 7.8 percent compared to the previous year
OECD ranks Barbados as “largely compliant”
22 June 2017 | Bridgetown | Reporter: Becky Butcher
Barbados has been recognised by the Organisation for Economic Co-operation and Development’s (OCED) Global Forum as being “largely compliant” during 2016
A.M. Best: SFCR analysis shows strong solvency ratios for captives
21 June 2017 | London | Reporter: Becky Butcher
A.M. Best has obtained and analysed the Solvency and Financial Condition Reports (SFCR) from its rated European captives, which found that solvency ratios are “very strong”
FERMA releases BEPS guidelines for captives
20 June 2017 | Brussels | Reporter: Becky Butcher
FERMA has released guidelines for captive insurance and reinsurance arrangements to ensure a consistent implementation of the Organisation for Economic Co-operation and Development’s recommendations on BEPS
Captives need to act now over BEPS compliance
19 June 2017 | London | Reporter: Becky Butcher
Multinational companies with large captives need to be prepared to demonstrate their alignment to BEPS principles or face potential reputational damage and financial penalties, according to Nick Gale of Marsh Captive Solutions
Breakwater provides growth capital to Hamilton Captive Management
15 June 2017 | California | Reporter: Becky Butcher
Breakwater Investment Management, a private investment firm, has provided a senior secured term loan to support the continued growth of Hamilton Captive Management
JLT Capital Markets closes $65.1m cat bond
14 June 2017 | New York | Reporter: Becky Butcher
Jardine Lloyd Thompson (JLT) Capital Markets, an affiliate of JLT Re, has closed the private placement catastrophe bond, Market Re 2017-1, at $65.1 million