Titan Insurance, Ltd. (Titan) began operations on February 1, 2014, to provide heavy construction contractors with a more customized, affordable and stable insurance alternative. The mission of Titan is to provide the highest quality insurance protection for its non-related shareholders.
The Company is licensed in the Cayman Islands to reinsure risks from the policy issuing company rated A or better by A.M. Best. The policy issuing company is licensed and admitted, providing coverage to the membership in the United States. The types of coverage reinsured by Titan are Workers' Compensation, General Liability, Automobile Liability and Physical Damage.
Titan is a homogeneous member-owned group captive targeting best-in-class, safety-focused contractors and service companies, including but not limited to the areas of Steel Erection, Heavy Highway Construction and Maintenance, Bridge Construction and Maintenance, Scaffolding Contractors, Industrial Contractors, Utilities Contractors, and Demolition Contractors.
Titan Insurance, Ltd. Facts & Figures (as of 8.5.2023)
Number of Members: 117 members
Annual Premiums: $94.3 million
Captive Retention: $500,000
Lines of coverage: Workers' Compensation, General Liability, Automobile Liability and Physical Damage
A Fund: $0-$100,000
B Fund: $100,001-$500,000
Primary Auto Limits: $2 million
Primary GL Limits: $2 mil./$4 mil./$4 mil.
Allocated Loss Adjustment Expenses: Capped
Aggregate Excess: Unlimited
Membership Criteria
Because each member of Titan Insurance, Ltd. is an owner, the following criteria has been established to ensure the quality of membership and long-term strength of the Company:
- Management Commitment to Safety and Claims Management
- Financially Strong Company
- Loss Experience Better Than Average for Industry Group
- Business Philosophy Compatible with Titan Insurance, Ltd.