Roundstone's Proud Involvement in the West Virginia Workers' Compensation Consortium
Captive Review nominated the West Virginia Workers' Compensation Consortium (WVWCC) for its 2012 Innovation in Captive Management Award and Group/Association Captive of the Year.
- (1888PressRelease) September 21, 2012 - Roundstone is proud of its involvement in this insurance program partnership between labor and management. As the Captive Program Manager who developed and manages this very successful program from inception to its current roster of 32 members; we want to thank all the stakeholders for their commitment to safety and success.
Roundstone's WVWCC is a voluntary program for Building Trade Contractors in the construction industry that offers union contractors the opportunity to exit the standard insurance market and avoid subsidizing insurance premiums of non- union construction companies. WVWCC was launched as a group captive in West Virginia in 2009 and provides the lowest overall cost solution for Workers' Compensation in West Virginia and surrounding states. The program has grown to 32 Contractors at the start of the fourth year. This summer the WVWCC program returned a premium distribution to the eligible members for the 2009 Underwriting Year.
Roundstone Management, Ltd. ("Roundstone") based in Westlake, Ohio is an insurance organization focused on the development, underwriting and servicing of alternative risk products, including captives, rent-a-captives and specialty insurance programs. Roundstone offers intermediaries and buyers an expertise in the captive marketplace with an unbundled services approach utilizing the facilities of Roundstone Insurance, Ltd., a class III Bermuda reinsurer registered as a segregated account company.
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