Are you paying big premiums, but only making few claims?

You’re not getting a fair deal

The losses from less well-run businesses are the reason your premiums keep increasing unpredictably every year.
Does that seem right?

If you’re good, and not just lucky, you’ve proven you can manage risk in your business.
What if you could take some of the risk yourself, in a controlled and manageable way?
What if there was an upside?

You deserve more control

You have no real choice but to buy

No matter how well you manage risk in your business, your own governance, as well as your financiers, customers and business partners, require it.
Shouldn’t there be another way for businesses like yours?

Now you can back yourself

You make an investment

A captive is a private insurance company you own.
Although setup and management is easy – a captive manager does everything for you – ownership and control is yours.
Your investment can be made in the form of cash and/or a letter of credit.
Collateral is adjusted annually on a defined formula, linked to premiums and claims.
As profits accumulate over time, you can use these.

And you take back some of your own risk

Your captive takes some of the risk from your own insurance policy, and it pays your own claims.
You can also take a share of the other risks we insure.
You typically only pay up to $350K per claim, and $2M in total, per line of business, per year.
After 5 years, the claims for each underwriting year are actuarially assessed for novation, which provides finality and a defined exit route – novation means your captive no longer has any responsibility to pay claims.

And control your own downside

Your captive receives reinsurance premiums – up to 80% of the collateral you invest.
There’s no additional premium cost to you.
With RE–PAID, everything’s included, the only costs are captive management fees, and tax.

You manage your profit and loss

And influence your own claims

Everything is handled in accordance with best practice by third-party administrators and lawyers.
You get a real voice on how your claims are handled, defended, and settled.
So you can control your downside.
The more you control your losses, the less you pay out in claims, and the more profit your captive makes.
It’s this independence that delivers the insurance price stability you’ve never had before.

To earn an exceptional return

You turn your premiums into profits, year-on-year

This real-life example shows the average RE–PAID client paying property and general liability insurance premiums between $1M and $5M.

Using actual numbers for the underwriting year to April 2025, the average client paid an insurance premium of $2.1M. This table shows the average performance of the captives those clients own, detailing the average:

collateral investment clients made
profit and loss account performance, showing the reinsurance premium they took back, their costs and claims (including loss reserves and IBNR), and the annual profit they made.
their annual percentage return – the annual profit they made as a percentage of the collateral they invest.

Collateral investment	$756K
Profit and loss
Captive premium income	$605K
Less expenses
Management fees	-$40K
Claims (to ultimate loss ratio)	-$283K
Annual profit (before tax)	$282K

37%	Annual average return

1

Get an illustration

Only very basic information is required. We will quickly work up an illustration, with a profit projection.
This establishes the business case first, and ensures you don’t waste your time doing any unnecessary work.

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2

Get captive ready

Work with a captive manager to understand what’s involved and the decisions that need to be made. This includes things like:
- What’s the captive going to be called?
- Who’s going to own and control it?
- Which advisers are required?

3

Get a quote

All the information you provide directly impacts the insurance premium and how much goes back to the captive.
It’s a real underwriting process – you can talk directly to the underwriting team, who take an individually tailored approach to provide the:
- Insurance quote
- Reinsurance quote
- Profit projection

Get in touch

We get it

Launched back in 2019, RE–PAID was the first turn-key US P&C mid-market captive product.
Every year since launch, I–RE has achieved market recognition as an award finalist and winner.
Underwriting solution of the year
2025 Captive Review US Awards
E&S Underwriting team of the year
2024 Insurance Insider US Awards
Underwriting solution of the year
2024 Captive Review US Awards
Underwriting solution of the year
2023 Captive Review US Awards
Program launch of the year
2022 The Insurer Program Manager Awards
Reinsurance firm of the year
2021 Captive International US Awards
Insurance solution of the year
2020 Captive Review US Captive Awards
Insurance underwriting team of the year
2020 Business Insurance US Insurance Awards
MGA initiative of the year
2019 Insurance Day London Market Awards
Innovative ART structure/new risk placement
2019 Captive Review US Captive Awards