Construction

Construction August 2011

The Van Gilder construction practice started working with group construction captives in 1999 in response to the "hard insurance" market. We recognized a need for our larger clients to take control of their insurance costs in a constantly changing insurance environment. If a group captive is a good fit from a business, cultural and economic stand point, our captive clients have performed well and benefited from lower costs, return of unused loss funds and investment income.

Workers' Compensation

According to Best's Special Report on U.S. Workers' Compensation (October 4th, 2010), "...the workers' compensation segment's underwriting performance continued to weaken.  The deterioration was driven primarily by the downward spiral in premium volume as the economy continued to take its toll on exposure levels and competitive pricing remained widespread." 

Construction October 2010