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Text 3: This is a third spot you can add content.Text 2: Content, Content, content. A captive is an insurance company that is owned (wholly or partially) by a business or a business owner that insures certain risks of that business. Once the domain of only the Fortune 500 and other larger companies, today there are thousands of captive insurance companies, many insuring successful middle market companies. Benefits of a captive may include lower insurance costs, greater transparency and control, improved cash flows, risk management improvements and greater access to coverage.