MIJS partners with I-RE to bring commercial P&C insurance to mid-market companies

MIJS Captive Management, LLC has partnered with International Re (I-RE), a specialist captive insurance and reinsurance MGA, to help MIJS’s mid-market clients take on part of their own commercial property and casualty (P&C) insurance risk in a standalone captive.

MIJS Captive Management, LLC, the captive management arm of legal services provider Moore Ingram Johnson and Steele LLP, was established in 2008 to offer businesses an alternative to the traditional captive management model.

I-RE is the only commercial P&C underwriter focused solely on sharing risk and reward with high-performing mid-market companies. Through its RE-PAID program, these companies can assume a portion of their own P&C risk and earn substantial profits from their premiums.

Since its launch in 2019, RE-PAID has been transformative, financially benefiting well-managed mid-market companies that face rising premiums despite maintaining low claims ratios.

Matthew J. Howard, Partner at MIJS Captive Management, LLC, said: “At MIJS Captive Management, LLC, our philosophy is rooted in the belief that quality service requires not only expertise but a deep understanding of the unique needs of each client. We are excited to work with I–RE, whose proven track record in the P&C insurance sector aligns perfectly with our commitment to delivering exceptional service.”

He added: “This partnership will help us to broaden our reach, further enhancing our distinguished captive management services and providing our clients with unmatched access to A-rated commercial P&C insurance solutions. By partnering with I–RE, we will create significant value for our clients, staying true to our dedication to personalised attention and excellence in every aspect of our practice.”

Andy Jeckells, Co-Founder and Co-CEO of I–RE, commented: “There are some extraordinary companies operating today who are working hard to manage their risks and do the right thing when it comes to securing the future of their businesses. These business owners feel it’s unfair that they are consistently paying high premiums despite their diligent management of risks and low claims records.

“This is why RE–PAID works so well at enabling more of these hard-working, high-performing mid-market companies to take back a share of their own risk and reap the rewards – to re-invest, to expand, to help them continue to grow strong.

“We’re excited to partner with MIJS Captive Management, LLC and the opportunities that RE–PAID will bring to us working together as a team, and to their clients,” Jeckells concluded.

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