The Beginning

image description

Captives got their start in the shipping industry in England in the 1700's​.

image description

​T​he term "captives" was coined​ in the late 1950's​ by Fred Reiss, a Risk Manager for the Youngstown Ohio Steel Company. The term referred​ to the coal mines owned by the steel company called captive mines​, which​ Fred needed to self insure.

image description

98% of all S&P companies and all 20 Dow Jones Industrial companies own their own captive.

image description

There are currently 40+ states that have captive legislation on their books. Vermont is the largest domicile in the United States and Delaware is the fastest growing domicile in the world.

What Is a Captive?

A captive is an insurance company that you own and control. It can be designed for just about any risk, including coverage of gaps in commercial policies while protecting against risk where no coverage exists at all. It does NOT replace your commercial insurance program, it ENHANCES it.

Some of the benefits of a captive are:

  • Creates significant SAVINGS for you on your commercial premiums
  • Provides you GREATER PROTECTION using difference-in-conditions policies
  • Creates a WAR CHEST of assets you own that are used for further protection, investments, or, when it’s time to exit, returns it
image description

Why Now?

Due to competition both domestically and internationally - costs of establishing and running a captive have decreased over time making it affordable for the small to mid-sized business. Captives are not just a tool for the Fortune 500 companies anymore.

Favorable legislation has been passed creating incentives for the small to mid-size businesses to establish their own captive.

Subscribe to our Knowledge Center



After experiencing tremendous losses due to a natural disaster uncovered by my commercial carrier, I knew it was time to form a captive and shopped around for a captive manager...we couldn’t be happier that we chose Elevate.

Joe M.

Communication is quick and effective, documents are always organized and available and my questions are always answered efficiently and professionally.

Adam G.

We chose Elevate because of their reputation in our business community, and their services have exceeded expectations. We trust Elevate.

John R.

I have worked with Jerry Messick and the Elevate Captive team since 2012. They have been instrumental in guiding us properly on how to implement and run a captive successfully. The due diligence and proactive service on the part of the Elevate team is unrivaled. Their product knowledge and how to use the instrument to our benefit, while providing sound risk management and compliance principles is another huge differentiating factor for their firm. In addition, the team of experts that Elevate has referred us to in the legal and financial advisory areas has turned out to be top notch. The Captive is only as good as the entire team. Finally, it has to be mentioned that we “just plain like” Jerry and Co.. Friendly, smart and easy to work with. A real pleasure.

John H.