Re-think Insurance

Captive Alternatives

J.W. Terrill provides an objective analysis of captive alternatives for a variety of exposures. Whether you’re looking for a different approach to casualty insurance or to reign in healthcare spending, J.W. Terrill’s expertise can navigate the landscape of captive alternatives.

Unlike many captive consultants that specialize in one type of captive, J.W. Terrill can analyze all of the leading captive options for mid-market accounts including Casualty, Enterprise Risk, Employee Benefits and Property.

Program Type

Group Captive

Enterprise Risk Captives
(831B Micro-Captives)

Employee Benefits Captive

Property Captive


- Workers' Compensation,
- General Liability
- Automobile
Fund 20 uninsured business risks such as Reputational Risk, Cyber, Product Recall & Workplace Violence Medical Stop Loss for
Self- Funded Employers

Target Profile

Casualty Premiums of
$150,000 - $5,000,000
- Revenues of $40MM+
- Profits of $2MM+
- Fund up to $2.2MM of premium

- Self-Funded (or a desire to be)
- Financially stable
- Favorable Loss History
- Wellness culture
- 100-1,500 Employees

Only $10,000 minimum premium
No high hazard property

Profit Distribution Time Frame

3-6 Years 2-3 Years 1 Year 1 Year


The premier Multiline
Casualty option for best-in-class companies. Premiums based on 5 year loss history.

Formerly Fund uninsured business risks to enhance risk management with potential tax advantages. Premium limit has been increased to $2.2mm. Reduce the volatility of Self-funding. Employers select their own claims TPA, PBM, retention and Medical Network. Easiest entry into the captive market. Record growth in this segment. Simplified property captive option that offers group purchasing, dividends and is non-assessable.


  • J.W. Terrill Advantages
  • Captive Examples
  • Captive Premium Growth
  • Conferences

J.W. Terrill Advantages

When selecting a broker to evaluate a captive, consider our expertise:

- MMA Group Captive Center of Excellence represents over $200M premium and 350+ clients.

- Unmatched depth in the Group Captive market.

- Our expertise of the captive model allows us to tailor your risk and claim profile.

- We thrive on challenging casualty risks including roofing, construction, security, trucking and utility.

- Delivering a captive alternative when other brokers have failed.

- Learn how casualty loss development, reinsurance and tail impacts your captive selection and claims management strategy.

- J.W. Terrill is actively engaged with the Self-Insurance Institute of America. SIIA is the leading national association representing alternative risk. Our involvement in SIIA allows us to network with the leading captive managers and spearhead captive lobbying.

- We provide J.W. Terrill's local captive practice expertise and have access to Marsh Captive Solutions, with $55 Billion in premiums.

- Objectively evaluate Casualty, Healthcare and Enterprise Risk market options.

Casualty Group Captive Examples

The following examples demonstrate how captives can offer a compelling financial advantage to business owners, and why we recommend companies run the numbers.

Industry Insurance Premium Captive Premium Captive Minimum Captive Maximum Projected Captive Savings Based on Expected Losses Projected Captive Savings %*
Illinois Wood Manufacturer 290,000 200,000 68,000 282,000 149,000 51%
Building Services 2,100,000 1,320,000 400,000 1,900,000 1,060,000 50%
Utility Management 255,000 215,000 71,000 305,000 120,000 47%
Transportation Equipment 200,000 177,000 61,000 258,000 130,000 65%
Trucking Auto Liability 3,000 per unit
1,000,000 Limit
1,800 per unit
5,000,000 Limit
-- -- -- --
* Projected savings includes captive investment income




Conferences and Seminars

RIMS / Tuesday, April 30, 2019
Boston, MA

Turning Premiums into Profits with a Captive Insurance Program
11:00 a.m. - 12:00 p.m.
Duke Niedringhaus, ARM | Senior Vice President | Marsh & McLennan Agency


  Duke Niedringhaus, ARM
  Senior Vice President
  Captive Practice Group Leader
  (314) 594-2622

Client Perspectives

"The captive insurance program has been a big win for us.
We've reduced our work-comp costs and have greater control over the management of our claims than our former fixed-cost workers compensation program."

CFO of a national security contractor

"Better than I ever thought possible. Amazing!"

California business owner after reviewing 5 year captive performance equity statement





A Deep Dive into the Casualty Group Captive Space with Duke Niedringhaus and Rob Walling

Staying Safe:
A Tale of Two Captives

by Bruce Shutan
The Self-Insurer Magazine

Generating Family Wealth from Your Insurance Captive



Learn more about Marsh Captive Solutions