Zurich and ICS launch group captive for sustainability-minded companies
"Envision Re's sustainability lens is unique in the group captives marketplace," said
The difference begins at member vetting. Prospective members of the captive start with a sustainability assessment of their carbon footprint and energy consumption, led by Zurich Resilience Solutions. The purpose is not to hold them to any single standard, but to provide them baseline data and a report from which they can develop or adjust their roadmap to progress in their sustainability journey.
Members can be at various points on the sustainability continuum. Members will have access to
ICS will manage the Envision RE captive. Since 1999, ICS has specialized in creating member-owned group captives to provide an alternative solution for businesses to insure workers' compensation, general liability and auto coverages. ICS manages over 35 group captives in both the property-casualty and employee benefits space.
"ICS has built its reputation around creating captives with higher engagement and more control with a peer group experience for its captive owners," said
The captive is vetting members representing sectors such as agriculture, alternative energy, construction, manufacturing, professional services, supply chain, technology, transportation and logistics, and wholesale. The captive will align with the typical group captive structure with one addition: a Sustainability committee in addition to Risk Control, Finance and Underwriting committees.
As best practices on sustainability rapidly evolve, Zurich Resilience Solutions will offer Envision Re members a range of tools and support to help manage both operational and embodied emissions in a company's energy infrastructure, construction, product development, manufacturing, distribution and more.
The introduction of the Envision Re captive reflects
"Reducing reliance on fossil fuels and carbon emissions remains a key priority for
Reflecting its purpose to "create a brighter future together,"
The Group has about 56,000 employees and is headquartered in
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