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Captive Insurance Company Jobs in Michigan (NOW HIRING)

The Hartford

Captives Underwriter

Troy, MI · Hybrid

$124K - $199K/yr

... insurance company that goes well beyond coverages and policies. Working here means having every ... The Captives Underwriter's major purpose is to profitably grow their assigned Captive Programs and ...

The Hartford

Captives Underwriter

Grand Rapids, MI · Hybrid

$124K - $199K/yr

... company that goes well beyond coverages and policies. Working here means having every opportunity ... Experience with Captive insurance programs is desirable * Strong Excel and Math skills * Strong ...

The Hartford

Captives Underwriter

Troy, MI · Hybrid

$124K - $199K/yr

... company that goes well beyond coverages and policies. Working here means having every opportunity ... Experience with Captive insurance programs is desirable * Strong Excel and Math skills * Strong ...

The Hartford

Captives Underwriter

Grand Rapids, MI · Hybrid

$124K - $199K/yr

... insurance company that goes well beyond coverages and policies. Working here means having every ... The Captives Underwriter's major purpose is to profitably grow their assigned Captive Programs and ...

Pinnacle Financial Partners

Be Seen First

Life Insurance Agent

Troy, MI · On-site

$25K - $249K/yr

Unlike captive agencies that are limited to one insurance company, our agents have access to multiple carriers and products, giving them more flexibility when helping clients find coverage that fits ...

New

Pinnacle Financial Partners

Be Seen First

Life Insurance Agent

Detroit, MI · On-site

$25K - $249K/yr

Unlike captive agencies that are limited to one insurance company, our agents have access to multiple carriers and products, giving them more flexibility when helping clients find coverage that fits ...

New

Pinnacle Financial Partners

Be Seen First

Life Insurance Agent

Detroit, MI · On-site

$25K - $249K/yr

Unlike captive agencies that are limited to one insurance company, our agents have access to multiple carriers and products, giving them more flexibility when helping clients find coverage that fits ...

New

Pinnacle Financial Partners

Be Seen First

Life Insurance Agent

Troy, MI · On-site

$25K - $249K/yr

Unlike captive agencies that are limited to one insurance company, our agents have access to multiple carriers and products, giving them more flexibility when helping clients find coverage that fits ...

New

Pinnacle Financial Partners

Be Seen First

Life Insurance Agent

Detroit, MI · On-site

$60K - $500K/yr

Unlike captive agencies that are limited to one insurance company, our agents have access to multiple carriers and products, giving them more flexibility when helping clients find coverage that fits ...

New

Pinnacle Financial Partners

Be Seen First

Life Insurance Agent

Detroit, MI · On-site

$60K - $500K/yr

Unlike captive agencies that are limited to one insurance company, our agents have access to multiple carriers and products, giving them more flexibility when helping clients find coverage that fits ...

New

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All JobsCaptive Insurance Company JobsCaptive Insurance Company Jobs in Michigan

Captive Insurance Company information

See Michigan salary details

$21.8K

$56.7K

$105.9K

How much do captive insurance company jobs pay per year?

As of Aug 30, 2026, the average yearly pay for captive insurance company in Michigan is $56,673.00, according to ZipRecruiter salary data. Most workers in this role earn between $38,800.00 and $67,100.00 per year, depending on experience, location, and employer.

What is a captive insurance company?

A captive insurance company is a type of insurance company that is wholly owned and controlled by its insureds. Its primary purpose is to insure the risks of its owners, and its insureds benefit from the captive insurer's underwriting profits. Captives are often formed by businesses to better manage their risks, reduce insurance costs, and gain more control over their insurance programs. They can be established in various domiciles, both onshore and offshore, depending on regulatory and tax considerations.

What are the key skills and qualifications needed to thrive as a captive insurance company manager?

To thrive as a Captive Insurance Company Manager, you need expertise in insurance regulations, risk management, financial analysis, and typically a relevant degree such as in finance, accounting, or business, along with industry certifications like ACI or CPCU. Familiarity with risk management software, accounting systems, and compliance platforms is crucial for daily operations. Strong leadership, analytical thinking, and excellent communication skills help navigate complex regulatory environments and build relationships with clients and regulators. These competencies ensure the company operates efficiently, maintains compliance, and delivers value to stakeholders in a highly specialized insurance sector.

What are some common challenges faced when working in a captive insurance company, and how are they typically addressed?

Professionals in captive insurance companies often encounter challenges such as navigating complex regulatory environments, ensuring compliance across multiple jurisdictions, and balancing the unique needs of parent organizations with sound risk management practices. Addressing these challenges requires a solid understanding of insurance regulations, proactive communication with regulators, and close collaboration with legal and finance teams. Many captive professionals also participate in industry associations and continuing education to stay updated on evolving best practices and regulatory changes.

What is the difference between Captive Insurance Company vs Insurance Underwriter?

AspectCaptive Insurance CompanyInsurance Underwriter
CredentialsInsurance licenses, actuarial knowledge, business managementInsurance licenses, risk assessment, underwriting certifications
Work EnvironmentCorporate setting, insurance company offices, risk management teamsInsurance companies, brokerage firms, underwriting departments
Industry UsageUsed by corporations to self-insure risksEvaluates and prices insurance risks for clients

While both roles involve insurance, a Captive Insurance Company is a legal entity created to insure a company's own risks, focusing on risk management and corporate finance. An Insurance Underwriter assesses and prices risks for insurance policies, working within insurance companies or brokers. The two roles differ in scope: captives manage internal risk, whereas underwriters evaluate external risks for clients.

What does a captive insurance company do?

A captive insurance company is a specialized insurance entity created by a business to insure its own risks. It manages and finances claims internally, often reducing costs and providing tailored coverage, and requires knowledge of insurance regulations and risk management practices.

What are popular job titles related to Captive Insurance Company jobs in Michigan?

For Captive Insurance Company jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Captive Insurance Company jobs in Michigan look for?

The top searched job categories for Captive Insurance Company jobs in Michigan are:

Captive Insurance Company jobs near you
Infographic showing various Captive Insurance Company job openings in Michigan as of August 2026, with employment types broken down into 1% As Needed, 66% Full Time, 29% Part Time, 3% Contract, and 1% Nights. Highlights an 94% Physical, 1% Hybrid, and 5% Remote job distribution, with an average salary of $56,673 per year, or $27.2 per hour.

Manager Corporate Insurance Risk Finance - Onsite

McLaren

Grand Blanc, MI • On-site

Full-time

This job post has expired 2 days ago. Applications are no longer accepted.

Job description

Position Summary:
Responsible for the strategic administration of the organization's enterprise insurance and risk financing programs, including oversight of the commercial property and casualty insurance portfolio, workers' compensation program, and assisting leadership with management of the self-insured captive. Leads insurance procurement, claims management, contract risk transfer, policy interpretation, and coverage analysis to optimize financial protection and minimize organizational risk. Partners with brokers, insurers, actuaries, legal counsel, and operational leadership to evaluate emerging risks, develop cost-effective risk financing strategies, and maximize insurance recoveries. Provides analytical support through risk exposure modeling and insurance program performance metrics. Oversees insurance compliance activities, including certificates of insurance, contractual insurance requirements, regulatory reporting, and premium audits.
Essential Functions and Responsibilities as Assigned:
1. Leads the procurement and administration of the organization's commercial property and casualty (P&C) insurance programs, including underwriting submissions, broker and carrier negotiations, policy placement, coverage analysis, policy review, premium allocation, invoice approval, premium audits, and renewal management.
2. Develops annual insurance budgets, premium allocation methodologies, and maintains department manuals, databases, records, policies, and schedules.
3. Monitors state insurance assessments and other regulatory requirements affecting insurance programs.
4. Assist leadership in the oversight of McLaren's self-insured captive insurance company and other risk financing initiatives.
5. Reviews contracts, leases, and other agreements to evaluate insurance requirements, indemnification provisions, and contractual risk transfer provisions to ensure adequate protection of organizational interests.
6. Independently manages Workers' Compensation (WC) program and property, automobile, and other P&C claims through final resolution.
7. Analyzes claim exposures, determines applicable insurance coverage, develops recovery strategies, and maximizes claim reimbursements, including subrogation opportunities.
8. Conducts on-site and off-site claim investigations, prepares claim submissions, coordinates with carriers and third-party administrators (TPA), and monitors claim activity through final disposition.
9. Performs financial and operational risk analyses, including loss trends and organizational exposure assessments to recommend strategies to reduce or transfer risk.
10. Coordinates, prepares, and authorizes Certificates of Insurance (COI) and review external COIs for compliance with contract requirements.
11. Manages organizational insurance compliance activities, including claims verification, motor vehicle reports, and insurance documentation.
Qualifications:
Required:
• Bachelor of Business Administration (BBA), Accounting, Insurance, Risk Management, or related field.
• Seven years of related professional experience in risk management or commercial insurance/brokerage. Experience in claims oversight and settlement. An advanced knowledge of insurance (including underwriting, coverage forms, preferred endorsements, and loss control activities), risk financing, and actuarial methods.
Preferred:
  • Designated as a Chartered Property Casualty Underwriter (CPCU)
  • Designated as a Chartered Financial Consultant (ChFC)

• Juris Doctor (JD) degree from an accredited law school (active license not necessary).
McLaren logo

About McLaren

Sourced by ZipRecruiter

McLaren Group is globally renowned as one of the world’s most illustrious high-technology brands. Since the formation of McLaren Racing in 1963, McLaren has been pioneering and innovating in the competitive world of Formula 1, forging a formidable reputation which has seen the racing team win 20 World Championships and over 180 races. The Group has built on its successful racing expertise and diversified to include a global, high-performance sports car business, McLaren Automotive, and a game-changing technology and innovation business, McLaren Applied. Despite the broadening of the group’s business interests, McLaren’s goal remains singular: we exist to win in everything we do.

Industry

Automobile dealers and manufacturing

Company size

10,000+ Employees

Headquarters location

Woking, Surrey, GB

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