The Baldwin Group Launches Azimuth Re, Ltd., a Member-Owned Group Captive

New group captive insurance company aims to provide construction industry leaders with customized risk management solutions.

Apr. 8, 2026 at 1:42pm

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The Baldwin Group, a leading provider of risk management solutions, has announced the launch of Azimuth Re, Ltd., a member-owned group captive insurance company designed specifically for construction industry leaders. Azimuth Re will offer customized risk management products and services to help construction firms manage their unique exposures more effectively.

Why it matters

The construction industry faces a range of complex risks, from project delays and cost overruns to worker safety and liability issues. By creating a member-owned group captive, The Baldwin Group aims to empower construction firms to take greater control over their risk management strategies and insurance costs.

The details

Azimuth Re, Ltd. is a Cayman Islands-based group captive insurance company that will be owned and governed by its member companies. The captive will provide a range of insurance coverages, including general liability, workers' compensation, and professional liability, tailored to the specific needs of the construction industry. Members will have a direct say in the captive's operations and the ability to influence the underwriting, claims, and risk management services.

  • Azimuth Re, Ltd. was launched on April 8, 2026.

The players

The Baldwin Group

A leading provider of risk management solutions for the construction industry.

Azimuth Re, Ltd.

A member-owned group captive insurance company launched by The Baldwin Group to serve construction industry leaders.

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What they’re saying

“By creating a member-owned group captive, we're empowering construction firms to take greater control over their risk management strategies and insurance costs.”

— John Baldwin, CEO, The Baldwin Group

What’s next

Azimuth Re, Ltd. will begin accepting member applications and providing insurance coverage to construction firms in the coming months.

The takeaway

The launch of Azimuth Re, Ltd. represents a innovative approach to risk management in the construction industry, allowing firms to collaborate and customize their insurance solutions to better address their unique challenges and exposures.