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Captive Solutions / Azimuth Re
AZIMUTH RE LTD

A group captive built for construction leaders

Construction’s strongest operators don’t settle for standard insurance. Azimuth Re, Ltd. is a member-owned group captive designed exclusively for top-performing contractors — offering greater control, long-term cost stability, and meaningful financial returns through disciplined risk management.

DIFFERENTIATED SOLUTION

Construction risk management, reimagined

Azimuth Re, Ltd. is a construction-focused, homogeneous group captive developed by The Baldwin Group in partnership with Innovative Captive Strategies. It brings together best-in-class contractors under a single, disciplined underwriting framework, creating a peer group that shares risk, builds scale, and rewards performance.

Designed to reward discipline

Unlike traditional insurance, a group captive gives members a direct stake in the program’s outcomes. When the group performs well through fewer claims, strong safety initiatives, and disciplined operations, members have the opportunity to benefit from underwriting profits.

Azimuth Re is not designed for contractors simply seeking an alternative to traditional insurance. It is built for contractors who already operate at the highest level and want a structure aligned with their standards.

ELIGIBILITY

Built for high-performing contractors

Since the strength of the group depends on the quality of each member, membership is selective by design. The program is designed for construction firms that:

  • Operate as commercial or specialty contractors, including general contractors and specialty trades
  • Pay $250,000 or more annually in combined workers’ compensation, general liability, and auto premiums
  • Maintain a strong safety culture and proactive loss control program
  • Are focused on long-term cost stability, not just annual pricing
  • Seek greater transparency and control over their insurance strategy

Think your firm might qualify?

If your firm fits this profile, you may be an ideal candidate for a captive feasibility review.

HOW IT WORKS

The Azimuth Re difference

Azimuth Re, Ltd. brings together best-in-class contractors under a single, disciplined underwriting framework. Every member is evaluated through the same risk lens, creating a peer group with aligned incentives and shared accountability.

Here’s what that standard looks like in practice.

Selective membership

Each firm is vetted for safety culture, financial stability, and operational discipline before membership is extended. This keeps the group’s risk profile consistent, helping protect participants.

Aligned incentives

The $350,000 captive retention creates a direct financial stake for every member. When the group performs well, members have the opportunity to benefit from underwriting profits, which the standard market simply doesn’t offer.

Streamlined loss control

Loss control teams embedded in the construction industry partner closely with members to strengthen safety practices, reinforce accountability, and drive consistent performance across the group.

Coordinated advisory

The Baldwin Group serves as the single broker for all Azimuth members — one risk management philosophy, one advisory team, and one voice in the market.

Strategic orientation

Azimuth Re is designed for contractors who think beyond the next renewal. Over time, the structure rewards patience, discipline, and performance.

Ready to see if Azimuth Re fits your firm’s risk strategy?

Connect with us

WHY THE BALDWIN GROUP

A strong foundation for lasting success

As a top-12 national insurance firm with a dedicated Construction Practice, The Baldwin Group understands the operating realities contractors face and built Azimuth Re, Ltd. to address a clear gap: top-performing contractors were being grouped with average performers in programs that didn’t reflect their discipline. Azimuth changes that.

Dedicated construction expertise

Deep knowledge of contractor exposures, trades, and loss patterns across general liability, commercial auto liability, and workers’ compensation.

Captive program management

Partnership with Innovative Captive Strategies, a leading captive manager

Claims advocacy

Hands-on oversight and resolution through Creative Risk Solutions.

Risk engineering

Proactive, embedded in loss control tailored to construction operations

Single point of contact

One advisory team across underwriting, risk management, and claims
To understand the market conditions driving demand for solutions like Azimuth, read our 2026 Construction State of the Market report.

FAQS

Common questions about Azimuth Re, Ltd.

Understanding how a group captive works is the first step toward knowing whether it’s right for your firm. Here are the questions we hear most often.

What is a homogeneous group captive?
A homogeneous group captive is one in which all members operate in the same industry — in this case, construction. This consistency in risk profile makes underwriting more predictable and creates a meaningful peer group with shared interests.
How is Azimuth different from a traditional group captive?
Most group captives are open to multiple industries and managed by third parties with limited broker involvement. Azimuth Re is construction-exclusive, broker-developed, and supported by a single advisory team across underwriting, risk management, and claims, giving members a level of alignment and continuity that a standard captive structure doesn’t offer.
How is Azimuth Re different from a standard insurance program?
In a standard program, your premium dollars go entirely to an insurer, and if your loss performance is strong, those profits belong to the insurer. In Azimuth Re, a portion of your premium funds the captive layer, owned by the member group. When the group performs well, those reserves can be returned as underwriting profit. You also gain greater transparency, input on risk strategy, and accountability.
For a deeper look at how the model works, review the Construction Captive Guide.
What does “captive retention” mean for my company?
The $350,000 captive retention is the amount each member’s losses are retained within the captive structure before the insurer’s coverage kicks in. This retention creates a financial stake in performance and is the mechanism through which strong performers have the opportunity to receive profit distributions.
How do I know if my firm is captive-ready?
Qualifying firms typically pay $250,000 or more annually in general liability, commercial auto liability, and workers’ compensation premiums. Maintaining a strong culture of safety and predictable loss history are critical criteria to meet. Connect with a member of out team to assess fit and run a feasibility analysis.
Start with the Captive Readiness Checklist for a practical self-assessment.
What lines of coverage does Azimuth Re include?
Azimuth Re currently offers general liability ($2M per occurrence / $4M aggregate), commercial auto liability ($2M), and statutory workers’ compensation. Structuring these three primary lines together within the captive maximizes alignment of incentives across the group.
What happens if the group has a bad year?
The captive structure includes layered coverage above the retention. The $350,000 per-member retention is the extent of direct financial participation at the captive layer. Losses above that threshold are transferred to AXA XL. Members are not exposed to losses beyond their contracted participation.
Does my firm have to be a Baldwin Group client to join?
Azimuth Re, Ltd. is currently structured for qualifying construction firms that engage with The Baldwin Group as their advisor. Membership requires single-agency representation through The Baldwin Group.
YOUR PARTNER FOR THE FUTURE

Ready for what’s next?

Let’s start with a conversation. A Construction expert will review your firm’s profile, explain the feasibility process, and help you understand if there’s a fit — with no obligation to commit.

Speak with an advisor