Brokerage offers captive option for middle market

Hylant Group Inc. has launched a group captive insurance option for middle-market businesses.

Member firms can insure automobile liability and physical damage, general liability including products and completed operations, and workers compensation and employers liability through the Tennessee-domiciled Haven Re group captive, the Toledo, Ohio-based brokerage said Tuesday in a statement.

Group captives combine traditional insurance with a layer of self-insurance, helping members reduce insurance costs over time, the statement noted.

“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,” Kip Irle, Hylant’s Chicago-based senior vice president of captives, said in the statement.