Our History
Founded in 2023, Apex Insurance (Cayman), Ltd. was established to provide high-performing heavy construction, civil, and industrial contractors with a customized, stable alternative to commercial insurance. The captive was built on the premise that safety-conscious companies should not subsidize lower-performing peers in high-risk sectors. Today, Apex has quickly grown into a strong community of over 107 member-owners representing tens of millions in annual premiums and hundreds of millions in payroll, all leveraging true risk sharing to drive stability and shared success.
Performance
As of June 30, 2025
Select Charts
Gross Earned Premium
Shows the total premium written into the captive each year, reflecting the overall size and growth of the program over time.
$61 M
Number of Shareholders
Highlights how many companies participate in the captive each year, illustrating growth, stability, and the strength of the member community. Figures include both active and inactive members.
Becoming a member of Apex means taking an active, controlling role in a company’s insurance future. This shift in responsibility is precisely how members achieve long-term stability and potential financial rewards.
The Legal Structure: Control and Security
Apex is licensed and managed in the Cayman Islands, serving to reinsure risks from our U.S.-licensed policy-issuing carrier.
This proven structure provides the necessary security and financial efficiency for the core lines of coverage: Workers’ Compensation, General Liability, Automobile Liability and Physical Damage. The company provides a global structure backed by the security of a recognized U.S. carrier.
Owner-Driven Governance and Voice
Each shareholder is entitled to appoint a Director to the Apex Board. This ensures direct representation and shared control:
- Equal Vote, Shared Power: Every shareholder holds one equal vote, regardless of premium size. A simple majority governs most items, ensuring that the captive is managed in the best interest of all members.
- Active Participation: Primary responsibilities include actively controlling losses and participating in Board meetings and Risk & Claims workshops.
- Like-Minded Insureds: Members may use their expertise to educate other high-quality businesses about the benefits of the captive concept, helping to maintain and enhance the group’s financial strength.
The Committee Structure: Focused Expertise
Apex management strength lies in its strong committee structure and the frequent, individual involvement of all Directors. This focused oversight is how owners exercise granular control over the captive’s operations and strategic future.
Executive: Develops and steers the long-range plans and strategic direction for the company.
Finance: Reviews all financial statements, ensures member financial compliance, and advises the Board on the investment policies for the company’s assets.
Underwriting: Oversees and reports on underwriting results within the captive retention and reinsurance layers. Work alongside Captive Resources to evaluate reinsurance renewal terms and potential structural changes. Ensure new member development continues to adhere to the underwriting standards and strategic growth initiatives.
Risk Control: Sets loss control goals, reviews performance reports, and actively works with members to achieve the required safety and claims management targets.
Nominating: Recommends future officers, committee chairpersons, or members-at-large to the Board to ensure strong, continuous leadership and representation.
Premiums Built For Individuals, Not The Market
One-size-fits-all pricing is out. In Apex, each member company’s annual premium is actuarially tailored to actual results and commitment to safety.
This is not a market rate. It is a performance rate. Premium dollars retain predictable, company-specific risk, while catastrophic events are shared across the group. The model encourages accountability, rewards disciplined management, and makes long-term insurance costs more predictable.
Criteria
Because each member of Apex is an owner, the following criteria has been established to ensure the quality of membership and long-term strength of the Company:
- Management Commitment to Safety
- Financially Strong Company
- Loss Experience Better than Average for Industry Group
- Regular Attendance and Participation in Board Meetings
- Business Philosophy Compatible with Apex Group
- One-time Cash Contribution to Capitalization of $36,000
- Minimum Annual Casualty Premium of $350,000
We empower members to be proactive. Each member receives dedicated funds to engage a loss control consultant who acts as a trusted partner, focused solely on preventative strategies to reduce risk exposure and improve long-term performance.
Claims Management with Clarity
While the Third-Party Administrator (TPA) handles claims and has that authority, the captive maintains oversight.
Partner with our dedicated third-party claims administrator, leveraging leading technology and customized handling instructions that reflect company service expectations and ensure clear visibility and input throughout the process.
Peer-Driven Knowledge Sharing
Once a year, Apex hosts intensive Risk Control Workshops focused specifically on advanced claims management and loss prevention strategies.
These customized, unique events allow members to network with fellow owners and leverage collective expertise to refine risk strategies.
Consistent, High-Impact Learning
Stay ahead of emerging risk trends. As a Apex member, organizations receive complimentary access to monthly webinars, concise one-hour sessions designed to
deliver practical, actionable insights on safety, claims, and risk issues directly to internal teams.
Digital Safety Library
Access a powerful, web-based service filled with tools to bolster the entire risk program.
This centralized Risk Platform provides an abundance of resources, from comprehensive safety training modules to up-to-date guidance on employment practices.
Full Access, Real-Time Insight: The Power of the Member Portal
The secure Member Portal is a single point of access for all essential captive information.
Members can review key documents, join member-only forum discussions, and retrieve the library of risk control and webinar recordings.
Apex is supported by a trusted network of experienced service providers who play an important role in the captive’s operations, oversight, and long-term success.
Insurance Consultant:
Captive Resources, LLC
Policy Issuance:
AXA XL
Reinsurer:
AXA XL
Servicing Insurance Broker:
Various National Brokers
Claims Administration:
Sedgwick
Loss Control Consultant:
Various National Network
Insurance Manager:
Kensington Management Group
Auditor:
EY
Credit Banks:
Fifth Third & Mizuho
Operating Bank:
ScotiaBank & Trust (Cayman), Ltd. and RBC Royal Bank (Cayman), Ltd.
Actuary:
Edgewater Actuarial Insights, LLC
Key Considerations
The Ownership Advantage
Apex members share a common goal: protecting their people and their businesses. We empower sophisticated business leaders with unmatched control and the opportunity to turn a commitment to business excellence into a financial asset.
The model is built on three core pillars: financial stability, a rewarding safety culture, and peer-to-peer trust.
Superior Safety Culture and Transparency
In Apex, an investment in workplace safety is rewarded. Members are bonded by a shared commitment to minimize losses and are provided with actionable steps and proven recommendations to elevate their safety culture
his focus on loss control translates into fewer claims and a safer workforce, which is the necessary foundation for long-term financial stability within the captive. The selection process is stringent. We partner only with industry leaders who demonstrate managerial commitment to safety and financial stability. This selective, transparent process ensures a foundation of trust that helps protect the Insurance Program.
Financial Control
We transform insurance premiums into a source of stability and potential returns. The concept is simple: by joining a captive for a true sharing of risk, owners may also earn the financial rewards previously retained by traditional carriers. Member success is our success.
This collective strength allows partners to achieve long-term premium stabilization and the opportunity to generate returns from cost savings, underwriting results and investment returns on captive capital and surplus.
Collaborative Governance
A key differentiator of Apex is the active participation and collective input of its shareholders. This is not a passive commerical insurance purchase. It is an executive-level peer network where shareholders actively govern the company.
This shared interest creates a constructive network of national business leaders eager to improve their own companies while contributing to the overall success and direction of the group. Collective input shapes the company’s future, ensuring the captive always operates in the best interest of the membership.
For Executives
Apex empowers business leaders to turn insurance into a strategic advantage, giving them control over costs, culture, and outcomes while connecting them with a powerful network of like-minded executives.
Control Corporate Destiny
Leaders navigate complex challenges, balancing ambitious financial milestones with the critical task of leading organizational culture.
Apex was founded by business owners who wanted more control over costs and outcomes. That same entrepreneurial spirit drives Apex today, empowering member companies to set the strategic course for their risk management future.
Transform Premium into a Strategic Spend
In the traditional market, excellent claims performance rarely translates into financial benefits. The annual premium is often a sunk, fixed cost with little control over the rate.
With Apex, that dynamic fundamentally changes. The premium becomes a strategic spend and not simply an expense. Member companies have the opportunity to earn returns that directly reflect superior loss performance and the collective success of the group.
Safety Culture as a Performance Lever
Every effective CEO understands that culture is king for team performance.
A strong safety culture is perhaps the most critical component, ensuring employees return home safely and minimizing business disruption. Upon joining the Apex community, members benefit from the collective experience and insight of other successful leaders. Access includes direct safety coaching and proven strategies from fellow executives on cultivating a culture of safety and implementing safer, more efficient operations.
Network with Proven Business Leaders
As an Apex partner, organizations are not just buying insurance; they are joining over 107 elite companies united in a commitment to controlling costs, improving safety, and growing the group’s financial strength.
Partners frequently cite this deep sense of camaraderie as a key benefit, sometimes leading to valuable new business opportunities and extensive, practical peer-to-peer business training that goes far beyond insurance.
For Financial Managers And Directors
Apex gives financial leaders greater control, predictability, and return on their insurance spend, transforming premiums into an Insurance Program that delivers stability, savings, and a potential return on premiums paid.
Stability and Control
Finance directors and CFOs know an insurance program’s financial implications extend far beyond the initial premium. Leaders must assess long-term cost trends, volatility, and how claims activity impacts a company’s fiscal health.
Apex was created by business leaders to solve these exact challenges, transforming insurance from a volatile expense into a controllable asset.
Long-Term Cost Predictability
Traditional insurance markets rise and fall with industry trends, often ignoring a company’s actual claims performance. Apex replaces that uncertainty with stability. Members benefit from more predictable premiums that reflect their safety record and the group’s collective results, not external market swings.
This consistency supports accurate, data-driven budgeting and long-term financial planning, helping finance teams project costs with confidence year after year.
Reduce Claims, Realize Savings
Apex provides the tools and expertise to implement safer company-wide practices, turning operational improvements into measurable financial savings.
Members receive guidance and coaching on creating robust cultures of safety, with specific strategies for risk reduction across a range of industries. By implementing these practices across the organization, companies directly and proactively reduce claims costs, securing an improved financial outcome year after year.
Turning Premium into a Strategic Spend
In Apex, the premium does not disappear, it works for the company. By sharing risk and practicing proactive loss control, members transform insurance from a fixed expense into a strategic spend.
When the group performs well, members can earn dividends that reflect both company-specific and collective results. It is insurance with accountability.
“We made the decision to join Apex in 2019 at the advice of one of our buying group member-friends. Since joining the Captive, we have seen team growth in how we approach our risk management, which has led to an enhanced safety environment for our employees. The Captive has also given us the opportunity to have greater control over our insurance program through its transparency and predictability. We look forward to continuing to build on our experience in Apex.”
President
Joined 2019
“We joined Apex in 2009 after being introduced by another member, and the decision reshaped how we operate. Almost overnight, our view on safety and risk management shifted from reactionary to proactive. We had always called ourselves a safe company, but with the tools and resources available to Apex members, we formalized our safety policies and now have candid, forward-looking conversations about identifying and mitigating risk. The financial impact has surpassed our expectations, especially as we shared the value created with our employees through our ESOP. And I underestimated how much I’d gain from being connected to other distributors. The experience of fellow Apex members has become one of my most valuable resources.”
EVP
Joined 2009
About Captive Resources
For more than four decades, Captive Resources has helped mid-market companies become insurance company owners rather than insurance buyers—reducing total cost of risk through the creation, development, and oversight of member-owned group captive insurance companies.
Today, Captive Resources advises more than 50 group captives across a range of industries.
Captive Resources supports Casualty and Medical Stop Loss group captives, as well as a Property group captive available to members of the Casualty programs.
Additional offerings include group captive premium financing and umbrella support services.
Comprehensive support is provided across all aspects of captive operations, including claims advocacy, risk management, financial services, regulatory compliance, investment services, operational oversight, and more.