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ProCentury Partners Insurance Company (PROPIC) Description of Captive: Century Insurance Group is pleased to offer a fair and affordable approach to captives that will allow you to participate in the underwriting risk of the insureds you write. You know your clients better than anyone, and through our segregated cell arrangement, we give you the opportunity to participate in the performance of the business that you write. We have developed a cost-effective master captive, ProCentury Partners Insurance Company (PROPIC), which is domiciled in the District of Columbia. Through this arrangement, we are able to leverage our resources and capabilities as an A- (Excellent) rated carrier, to efficiently manage the administration of the captive. Each captive participant will be required to provide reinsurance on Century Surety Company policies creating an arrangement that serves to closely align Century’s performance goals with that of each captive. Expense Ratio: We’re an insurance company, not a captive management company. Historically, captive management expenses have been a barrier to participant profitability, but we don’t think it has to be prohibitively expensive. We intend for your expense ratio to be marginally higher than ours. Profile: We believe that the successful captive will consist of program-style opportunities that involve a block of similar risks, at a scale that makes the opportunity efficient for us and for you. In other words, you don’t need to transfer your entire book of business into the captive. Potential Partners: Century is looking to partner with brokers and agents, risk purchasing groups, trade associations, other specialty carriers and Risk Retention Groups. Contact Information: For more information please contact
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