Envision Captive Consultants has launched group captive, Phoenix Captive Insurance, for construction type risks.
The Phoenix Captive launched in March 2023, and stemmed from a group of contractors who felt the need to join together and fight against the legal and economic pressures facing their businesses.
The captive is for all types of construction companies, including commercial and residential, as well as contractors in the oil and gas and energy sectors.
“We’ve built one of the most unique group captives in the industry and brokers want to be a part of it,” said Andrew Cardoza, relationship manager at Envision Captive Consultants.
“This captive programme is growing within Envision’s pre-qualified broker network, which includes a partnership with the InCite Network.”
The expectation is all captive members would approach safety, quality control and risk management as best practice leaders in their respective industries.
This risk management-focused programme is a heterogeneous contractor programme in partnership with AXA XL.
“We at AXA XL are thrilled to partner with Envision Captive Consultants and the Phoenix Captive on this collaborative endeavour,” said Mark Benz, senior vice president and head of group captives for AXA XL.
“We are looking forward to the success of the programme.”