A Group Captives is formed by a group of individuals or entities that come together to jointly own a captive insurance company and will usually be in the same industry. The group captive or pool may also provide other risk management services for the group. These can be for-profits or non-profits. Group captives are common to share the cost of captive formation and operation. The sharing of the costs of captive formation as well as operation thereof typically define group captives.
