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

Are you getting a fair deal?

If you think your insurer is either making huge profits out of you, or they’re using your premiums to pay for someone else’s claims. And your premiums keep increasing unpredictably year-on-year.

Then how do you feel? It’s just not right.

Do you deserve more control?

You buy insurance to manage your downside – it’s there to pay for unforeseen losses that could potentially destabilize your business. But you have no real choice but to buy – it’s basically a mandatory purchase.

If you could take the risk yourself, and manage it in a controlled way with limited exposure, would you?

Shouldn’t there be an upside?

Back yourself

You make an investment

You invest capital and/or collateral 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.

You take ownership

Your investment vehicle is a captive – a private insurance company you own. Set up and management is easy, everything gets done for you.

And you take your own risk

Your captive takes some of the risk from your own insurance policy, and it pays your own claims. You become your own reinsurer. You can also take a share of the other risks we insure.

But a limited amount – up to $500K per claim, and $2M in total.

And only for a limited time – a built-in 5-year novation agreement removes responsibility to pay claims ceases after 5 years. This provides finality, and a defined exit route.

Control your own downside

You manage your profit and loss

Income

Your captive receives reinsurance premiums – up to 80% of the collateral you invest. It’s funded from the insurance premiums you already pay – there’s no additional premium cost to you.

Costs

Everything’s included, the only costs are management fees, and tax.

Claims

Your claims are handled as you’d expect using third-party administrators and lawyers.

But you get a real voice on how your claims are handled, defended, and settled. And the more you control your losses, the less you will pay out in claims. It’s this independence that delivers the insurance price stability you’ve never been able to achieve before.

Turn your premiums into profits

You earn a return, year-on-year

This real-life example shows the average RE–PAID client captive in 2024. Using actual numbers as at November 2025, it shows the average:

  • collateral investment clients make

  • reinsurance premium their captives receive

  • costs and claims they’re paying

  • annual profit they’re making.

Collateral investment

$453K

Profit and loss

 

Captive premium income

$266K

Less expenses (costs and claims)

$45K

Annual profit (before tax)

$221K

49%

Return

1

Get an illustration

  • Only very basic information is required. We will quickly work up an illustration, with a 5-year profit projection.

    This establishes the business case first, and ensures you don’t waste your time doing any unnecessary work.

Get our application form download

2

Get captive ready

  • Work with a captive manager – 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 need 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

We know what to do and how to do it.

Launched back in 2019, RE–PAID was the first turn-key US P&C mid-market captive product.

Every year since, 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