Origin Specialty Underwriters Agency, LLC, a national managing general agent (MGA) specializing in hospitality, construction, and related sectors, has launched Origin Captive Solutions, a new division focused on offering captive insurance options for middle-market businesses.
The initiative, developed in collaboration with GPW & Associates, Inc., aims to provide customized risk management solutions by structuring and managing captive insurance programs. The division will be supported by a team of industry professionals, including underwriters, actuaries, certified public accountants, and captive insurance specialists.
Strategic Leadership and Market Focus
Daniel Rossen has been appointed as the managing director of Origin Captive Solutions. The division will initially concentrate on property insurance solutions backed by AM Best-rated paper, allowing captives to assume risk while complying with lender requirements.
The expansion reflects a broader trend in the U.S. insurance industry, where captive insurance—once primarily used by large corporations—is becoming increasingly viable for mid-market businesses. Experts, including Alera Group SVP and national practice leader Prabal Lakhanpal, have noted that economic shifts and rising market pressures are driving interest in captives as a strategic risk management tool.
A Growing Market for Captives
Captive insurance, which allows businesses to self-insure by creating their own insurance companies, has evolved significantly in recent years. Traditionally used by large organizations, new captive structures—including group captives and cell captives—have made these solutions accessible to a wider range of businesses, including mid-sized and smaller enterprises.
Beyond its expansion into captive insurance, Origin Specialty has also strengthened its presence in agribusiness. The company recently acquired Agricultural Insurance Management Services (AIMS), a managing general underwriter specializing in agribusiness coverage. Founded by industry veteran Clark Lindley in 2000, AIMS has been underwriting policies for nearly 25 years.
With the addition of Origin Captive Solutions and its ongoing expansion into new sectors, Origin Specialty is positioning itself as a key player in providing innovative risk management solutions for middle-market businesses.