New Middle-Market Group Captive Insurance Company Launched

Ohio-based Hylant Group Inc. (Hylant) has formed Haven Re, a new Tennessee-domiciled group captive insurance company for middle-market businesses.

Haven Re members may insure automobile liability and physical damage, general liability including products and completed operations, and workers compensation and employers liability.

Hylant said group captive members can significantly reduce their insurance costs over time, better manage premium volatility, capture investment income and underwriting profits, and leverage cash flow advantages.

"Focusing on high-performing middle-market businesses and joining them together to realize premium savings with well-designed coverage was core to the success of this captive," said Kip Irle, senior vice president of captives at Hylant.

Hylant partnered with The Hartford to support Haven Re. The Hartford will handle claim management and loss control for Haven Re members.