Churchill Casualty Ltd. was created from the need of businesses to obtain insurance coverage at a more affordable cost. The founding members of Churchill perceived that the commercial insurance industry was not responsive to this basic business necessity.
Churchill was formed in 1992. With the assistance of Captive Resources, the original members of Churchill sought to create a more customized, affordable insurance alternative. In forming Churchill, the goal of these business owners was to increase buying power and allow member companies many of the same advantages of control generally afforded to only the largest companies.
The mission of Churchill is to provide the highest quality insurance protection for its non-related shareholders. By bonding together to create a true sharing of risk, the shareholders can control their insurance costs and avoid the volatility of the general insurance industry. Additional benefits are created through the increased assurance of coverage, the stabilization of premiums and the improved management of risk through effective loss control.
The Company, through the active participation of its shareholders, provides the long-term security of a well-managed offshore insurance company. To meet this goal, only those providers of services that can meet the highest standards of excellence shall be associated with Churchill.
The philosophy of Churchill emphasizes that insurance is a manageable cost. Through the understanding of insurance as a business, Churchill shareholders have unveiled the mystique of the insurance industry. Based upon this simple yet powerful concept, Churchill has grown to become a documented world class captive with well documented financial and underwriting history. Through ownership in Churchill, shareholders have indeed taken control of their insurance destiny.