The Baldwin Group, a NASDAQ-listed independent insurance brokerage and advisory firm, has launched Azimuth Re, Ltd., a new member-owned group captive developed in partnership with Innovative Captive Strategies and tailored specifically for the firm’s construction clients.
The launch comes in response to increasing volatility across the construction insurance market, with the firm anticipating continued instability across critical sectors into 2026 and beyond. Azimuth Re is designed to give high-performing contractors greater control, long-term stability, and the opportunity to benefit directly from strong underwriting performance.
The Baldwin Group delivers tailored insurance solutions across a wide range of personal and commercial clients, operating as a leading independent brokerage and advisory firm. Its construction practice works with contractors to provide risk management, claims support, and safety advisory services.
Azimuth Re brings together best-in-class contractors under a single, disciplined underwriting approach, allowing members to share risk, gain scale, and benefit from underwriting profits when the group performs well. The captive is designed for construction companies paying $250,000 or more annually in workers’ compensation, general liability, and auto premiums.
The programme includes a $350,000 captive retention, aligning member interests around safety performance and long-term financial outcomes. Members operate under a shared risk framework and a single broker model, with construction experts guiding member selection, risk strategy, and long-term performance to protect the integrity of the group.
Azimuth Re is positioned as a solution for forward-thinking contractors committed to employee safety who want greater transparency and stability in their insurance strategy, rather than a broad-access captive open to all clients exploring the model.
The Baldwin Group partner Andy O’Brien said, “In today’s ultra-competitive construction environment, the strongest contractors are those who can most effectively balance growth, risk, and profitability with precision and discipline. As we move forward through 2026 and beyond, we anticipate volatility across many critical sectors of the construction insurance market. By creating a peer group of best-in-class contractors and equipping them with industry-leading risk management, claims, and safety advisory, we’re building a model designed to outperform the standard insurance market while empowering our clients to transform risk management discipline into a competitive advantage.”
The Baldwin Group senior partner Greg Deems said, “What makes Azimuth different is its model of collective responsibility. All members operate under a single broker model and a shared, disciplined risk lens. But we go beyond placing coverage — our construction experts help guide member selection, risk strategy, and long-term performance to protect the strength of the group. That shared accountability drives stronger, more sustainable results. This isn’t going to be our only captive solution where we put any client that is looking for the captive model. It is going to be a place for our like-minded top performers to outpace the market while being on the vanguard of creativity in structure and return.”
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