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Captive Insurance Company Jobs in Michigan (NOW HIRING)

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 ...

MassMutual Great Lakes

Financial Advisor

Southfield, MI · On-site

$50K - $75K/yr

You'll operate under a non-captive, open-architecture platform, giving you access to a wide range ... MassMutual is a leading mutual life insurance company that is run for the benefit of its members ...

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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 26, 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.

Risk Financing Manager - Insurance Officer (NA)

Auburn Hills, MI • On-site

Stellantis
IT Services

7.5

Company rating: 7.5 out of 10

Based on 131 frontline employees who took The Breakroom Quiz

15th of 45 rated automakers

Good employer

Recommended by students

Paid breaks

Learn more about Stellantisexternal

Full-time

Re-posted 20 days ago

Job description

At Stellantis (Formerly Fiat Chrysler Automobiles), we want to empower you to bring your best. That is why we strive to create an environment where our core values of Innovation, Leadership, Passion, Cooperation, and Responsibility can thrive. At Stellantis, you will work in a dynamic, fast-paced environment with people who exemplify the entrepreneurial spirit and work together as a team to continually think bigger and bolder.
The Manager Risk Financing is a high profile senior analytical position within the North American Risk Management function. This is a high impact position with wide-ranging influence. You will often be the "face" of North American Risk Management in discussions with senior executives, insurance regulators, and insurance companies.
Responsibilities include but are not limited to:
  • Assist in structuring and negotiating insurance programs; develop underwriting presentations and present them to senior leaders at insurance company partners during carrier meetings
  • Assist in negotiating and managing relationships with property and casualty/employee benefits insurance brokerage firms and third party administrators across the North American region
  • Present insurance and risk management solutions proposals to senior leaders in the organization
  • Provide leadership to captive team including a cross-functional working group (Legal, Accounting, Finance and external service providers)
  • Assist in directing the captive's underwriting process; work with actuaries, brokers and captive managers to determine appropriate premiums, limits, and retentions to cover risks of the corporate parent and affiliates
  • Assist in coordinating with Finance, Legal and captive leadership on dividend strategies to maximize the efficient use of captive insurance company assets
  • Collect, analyze and summarize data for insurance renewals
  • Review insurance terms in leases and contracts with third parties and negotiate insurance terms when needed; work collaboratively with corporate business development to minimize risk in new ventures
  • Participates in merger and acquisition activities; provides risk management and insurance expertise while procuring additional insurance coverage as necessary
  • Participate in reviewing employee benefits insurance programs for affiliated entities
  • Participate in annual budget review and preparation

Basic Qualifications:
  • Bachelor's degree in Risk Management/Insurance, Finance or relevant experience
  • Minimum of 8 years of relevant insurance experience as a corporate insurance broker, underwriter or risk manager
  • Ability to demonstrate an advanced technical understanding of insurance policy terms and conditions
  • Experience negotiating insurance terms and conditions in contracts with third parties
  • Strong interpersonal and analytical skills

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