McGriff has announced the formation of a new group captive practice, McGriff Captive Solutions. The company has named 40-year industry veteran Steve Aldrich to lead the new captive practice. Aldrich also serves as McGriff’s industry practice group leader.
“The new practice will serve as an advisory resource for companies seeking a more cost-efficient way to finance risk while offering members ownership of their underwriting profit otherwise retained by an insurance company,” McGriff said. “Economic outcomes are tied to a company’s own performance along with the group’s collective experience.”