Partnership Offers Innovative P&C Insurance Solutions for Mid-Market Firms

November 20, 2024

The collaboration between MIJS Captive Management, LLC, and International Re (I-RE) aims to revolutionize the insurance landscape for mid-market companies by offering bespoke commercial property and casualty (P&C) insurance solutions. Established within the legal services provider Moore Ingram Johnson and Steele LLP, MIJS Captive Management has been pioneering alternative captive management models since 2008. The company’s approach centers on delivering personalized, high-quality service rooted in a deep understanding of clients’ unique needs. This strategic partnership is designed to empower mid-market companies to assume part of their own P&C insurance risks through standalone captives, leading to potential financial benefits and greater control over their risk management strategies.

I-RE, the only commercial P&C underwriter dedicated to risk-sharing with high-performing mid-market companies, operates the innovative RE-PAID program. Launched in 2019, RE-PAID has significantly benefited well-managed companies facing rising insurance premiums despite maintaining low claims ratios. By participating in their risk management actively, businesses can turn premiums into a profit source, thereby playing a more proactive role in their financial health. The alignment of I-RE’s track record with MIJS’s commitment to exceptional service is a key driver of this partnership’s potential success. Matthew J. Howard, a partner at MIJS, emphasized that this collaboration aims to extend MIJS’s reach and amplify the value provided to clients by offering access to A-rated P&C insurance solutions.

Empowering Mid-Market Companies

The collaboration between MIJS Captive Management, LLC, and International Re (I-RE) aims to transform the insurance landscape for mid-market companies with tailored commercial property and casualty (P&C) insurance solutions. MIJS Captive Management, founded within Moore Ingram Johnson and Steele LLP, has been leading alternative captive management since 2008. Their focus is on providing personalized, high-quality service, deeply understanding clients’ specific needs. This partnership empowers mid-market companies to take on part of their P&C insurance risks through standalone captives, leading to financial benefits and greater control over risk management.

I-RE, the sole commercial P&C underwriter dedicated to risk-sharing with high-performing mid-market firms, operates the innovative RE-PAID program, launched in 2019. This program has greatly benefited well-managed companies facing rising insurance premiums despite low claims ratios. By actively participating in risk management, businesses can convert premiums into a profit source, enhancing their financial health. The alignment of I-RE’s successful track record with MIJS’s exceptional service is crucial for this partnership’s success. Matthew J. Howard, a partner at MIJS, stressed that the collaboration aims to extend MIJS’s reach and amplify value by offering access to A-rated P&C insurance solutions.

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