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Captive Insurance Manager Jobs (NOW HIRING)

Gunvor

Insurance Manager

Houston, TX

The role manages corporate and local insurance programs, optimizes risk allocation between external markets and the captive, oversees claims handling, and advises business units on insurance and risk ...

Gunvor

Insurance Manager

Houston, TX · On-site

The role manages corporate and local insurance programs, optimizes risk allocation between external markets and the captive, oversees claims handling, and advises business units on insurance and risk ...

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Captive Insurance Manager information

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$37.5K

$82.8K

$122.5K

How much do captive insurance manager jobs pay per year?

As of Jul 13, 2026, the average yearly pay for captive insurance manager in the United States is $82,798.00, according to ZipRecruiter salary data. Most workers in this role earn between $66,500.00 and $99,000.00 per year, depending on experience, location, and employer.

What does a captive manager do?

A captive insurance manager oversees the operations of a captive insurance company, which is a subsidiary created to insure the risks of its parent company or related entities. They handle regulatory compliance, risk management strategies, financial reporting, and ensure the captive operates efficiently and within legal requirements. Strong knowledge of insurance regulations, risk assessment, and management software is essential for this role.

How much do captive managers make?

Captive insurance managers typically earn between $80,000 and $150,000 annually, depending on experience, location, and the size of the captive. Senior managers or those with specialized skills can earn higher salaries, often supplemented by bonuses and benefits. Certifications such as CPCU or ARM can also influence earning potential.

What is the highest paid position in insurance?

In the insurance industry, executive roles such as Chief Executive Officer (CEO), Chief Underwriting Officer, and Chief Risk Officer tend to be the highest paid. These positions require extensive experience, leadership skills, and often advanced certifications, and they oversee company strategy, underwriting, and risk management at the highest level.

What are the key skills and qualifications needed to thrive in the Captive Insurance Manager position, and why are they important?

To thrive as a Captive Insurance Manager, you need a solid understanding of insurance principles, risk management, regulatory compliance, and finance, typically supported by a bachelor’s degree in business, finance, or a related field. Familiarity with captive management software, data analysis tools, and industry certifications such as the Associate in Captive Insurance (ACI) or Chartered Property Casualty Underwriter (CPCU) is valuable. Strong organizational skills, attention to detail, effective communication, and the ability to build client relationships set successful managers apart. These competencies help ensure the effective administration of captive insurance programs, compliance with regulations, and delivery of tailored solutions to clients.

Who are the largest captive managers?

The largest captive managers include companies like Marsh Captive Solutions, Aon Captive & Insurance Management, and Willis Towers Watson. These firms provide comprehensive management services for captive insurance companies, often requiring specialized knowledge in risk management, compliance, and insurance regulations.

What is a Captive Insurance Manager job?

A Captive Insurance Manager oversees the operation and compliance of a captive insurance company, which is a subsidiary created by a parent company to insure its own risks. Their responsibilities include financial management, regulatory compliance, policy issuance, and claims oversight. They work closely with regulators, auditors, and actuaries to ensure the captive remains solvent and compliant. Additionally, they analyze risk exposure and recommend strategies to optimize coverage and financial efficiency.

What are the typical career advancement opportunities for a Captive Insurance Manager?

Captive Insurance Managers can progress in their careers by moving into senior management roles, such as Director of Captive Operations or Chief Risk Officer, especially within larger insurance or risk management firms. Many also transition into specialized consulting, regulatory positions, or broader roles in corporate risk management, expanding their influence and expertise. As the captive insurance industry grows, there are increasing opportunities to manage larger portfolios, lead teams, and help shape company strategy. Pursuing additional professional certifications and building a strong network within the industry can further enhance advancement prospects.

More about Captive Insurance Manager jobs
What cities are hiring for Captive Insurance Manager jobs? Cities with the most Captive Insurance Manager job openings:
What are the most commonly searched types of Captive Insurance jobs? The most popular types of Captive Insurance jobs are:
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Captive Insurance Manager jobs near you
Infographic showing various Captive Insurance Manager job openings in the United States as of July 2026, with employment types broken down into 18% Locum Tenens, 76% As Needed, and 6% Full Time. Highlights an 70% Physical, 6% Hybrid, and 24% Remote job distribution, with an average salary of $82,798 per year, or $39.8 per hour.

Insurance Manager

Gunvor

Houston, TX

Full-time

Posted 6 days ago

Job description

Job Title:

Insurance Manager

Contract Type:

Permanent

Time Type:

Full time

Job Description:

Overview of the Role

The Insurance Manager oversees Gunvor's global insurance strategy to protect company assets, liabilities and operations. The role manages corporate and local insurance programs, optimizes risk allocation between external markets and the captive, oversees claims handling, and advises business units on insurance and risk mitigation to ensure costeffective coverage across the Group.

Main Responsibilities

  • Manage corporate insurance programs: maintain, improve and renew group and local policies (cargo, storage, charterer's liability, civil liability, property, etc.); challenge renewals on premium, deductible and cover; administer required policies; consolidate Group insurance data.

  • Optimize risk allocation: balance cover between external insurers and the captive, and identify opportunities to reduce premium or improve terms.

  • Identify, evaluate and mitigate operational risks: analyse ongoing risks across entities and business lines; assess risks from new projects, contracts and acquisitions; promote loss prevention initiatives.

  • Provide insurance expertise: advise business units on risk placement and policy design; draft and review insurance and risk clauses in commercial contracts; assist on credit/political risk as required.

  • Manage claims: notify and follow up claims with brokers, insurers and surveyors; coordinate mitigation efforts; drive timely resolution and indemnity payments.

  • Review service and competitiveness: obtain annual stewardship reports from brokers/insurers/surveyors; review commissions; run RFPs and tender servicing contracts.

  • Train and raise awareness: educate staff on key insurance program features and claims processes; brief Group entities on program changes.

  • Budgeting and reporting: estimate annual premiums with brokers, assess claim trends, develop loss prevention budgets, and produce regular risk and insurance reports.

  • Market intelligence: monitor insurance market developments relevant to oil & gas and compile data on major industry losses and new products.

  • Administrative duties: manage filing and processing of insurance documents and invoices and perform other duties as assigned.

Profile/Key Skills

  • Bachelor's degree or higher in insurance, risk management, finance or related field; professional insurance qualifications desirable.

  • Minimum 7 years' professional experience in insurance (broker or inhouse), ideally with exposure to oil & gas or commodity trading sectors.

  • Proven experience handling corporate insurance programs, renewals and claims.

  • Knowledge of Lloyd's and continental insurance markets; familiarity with captive insurance structures is a plus.

  • Deep technical knowledge of insurance products, underwriting and market practice.

  • Strong commercial acumen and ability to negotiate coverage, terms and commission structures.
    Excellent organization, stakeholder management and communication skills.
    Results oriented, reliable and able to work across multiple jurisdictions.

  • Fluent English Required

If you think the open position you see is right for you, we encourage you to apply!


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