Welcome to MIJS Captive
Moore Ingram Johnson & Steele LLP (MIJS) began its captive practice in 2008 to provide businesses with an alternative to the standard captive management model. Given the various legal complexities that go into a properly operating captive insurance company, MIJS believed it was important to provide a captive management team that consists of attorneys and insurance professionals with expertise in insurance defense/coverage, regulatory compliance, accounting, corporate, and tax. That way MIJS could provide the captive industry with a lawyer based management option which would provide the same attention to detail, responsiveness, and confidentiality one should expect from a law firm.
Given the recent concerns that the Treasury and IRS Commissioner have expressed about the Internal Revenue Code (“IRC”) Section 831(b), we have assisted our clients in navigating their captive out of this Code Section’s election. We firmly believe that all of our Captive clients have a legitimate business purpose in forming a legitimate Captive insurance company. Nevertheless, we now have over half of our captives under management filing their federal corporate tax returns under IRC 831(a). This allows these captive clients to continue their risk management program without the concern that they will be subject to the IRS’ Dirty Dozen classification.
MIJS clients and the captive industry alike have recognized MIJS for its exemplary captive management services with MIJS having been awarded the Independent Captive Manager of the Year award by Captive Review in 2014 and 2015 as well as being recognized by Highly Commended Captive Manager of Enterprise Risk Captives in by Captive Review in 2017.
MIJS captive expertise includes forming and managing:
- Large and Small Single Parent Pure Captives
- Group Captives
- Self Insured Programs
- Industrial Insured Captive
- Enterprise Risk Captives
- Sponsor and Protected Cell Captives
In the interests of protecting our clients from undue scrutiny, MIJS forms and manages its client’s captive insurance companies exclusively with U.S. domiciles with strict regulatory oversight that require adequate capital, adhere to regular reporting requirements, and comply with rules and regulations of the Internal Revenue Service.
Captive management services that MIJS provides include:
- Conduct a comprehensive feasibility study
- Risk underwriting and policy design working closely with the insured’s insurance broker
- All insurance and corporate regulatory compliance in 11 US domiciles
- Facilitating necessary reinsurance utilizing independent advisors
- Claims intake and resolution
- Facilitate the production of quarterly and year end GAAP financials utilizing nationally recognized independent CPAs with Captive Insurance experience
- Facilitating production of audited financials and Captive federal tax returns utilizing nationally recognized independent CPAs with Captive Insurance experience
- Facilitating actuarially sound funding analysis at formation of the Captive with annual funding analysis at renewal utilizing nationally recognized independent actuaries with captive insurance experience
- Should captive be audited by state or IRS, MIJS assists with audit responses at no additional charge.
MIJS Captive Management, LLC is pleased to announce that it has partnered with commercial P&C underwriters, I–RE, to enable MIJS’s high performing, mid-market clients to take on some of their own commercial P&C insurance risk in a standalone captive.
MIJS Captive Management, LLC, the captive manager practice of legal services provider, Moore Ingram Johnson and Steele LLP, was established in 2008 to provide businesses with an alternative to the standard captive management model.
I–RE is the only commercial P&C underwriter solely dedicated to sharing risk and reward with high-performing mid-market companies. Through RE–PAID, these well-managed companies have the opportunity to take a share of their own commercial P&C risk and earn substantial profits from their premiums, amounting to hundreds of thousands, even millions, of dollars. Since its launch in 2019, RE–PAID has been truly transformative, financially benefitting well-managed mid-market companies who face rising premiums despite maintaining low claims loss ratios.
I-RE targets US underserved core mid-market with captive product relaunch
Reinsurance News
27th August 2026
Author Kassandra Jimenez-Sanchez
I-RE, the re/insurance underwriters and captive specialist, has announced the relaunch of its captive product RE-PAID, to target an underserved “core mid-market” of US businesses, paying between $1m and $5m to $10m in premium, with five-year loss ratios belowe 40%.
While the captive insurance market continued to expand steadily each year, with EY (2024) noting that captive premiums now account for almost 25% of commercial insurance in the US, I-RE identified a gap that this core mid-market segment falls into.
The observation is that this market is too small to justify a ‘pure’ single-parent captive but too large to be satisfied with a group captive which delivers premium savings but little flexibility or control.
Andy Jeckells, Co-founder of I-RE, commented: “There’s a large, ambitious segment of the market that’s been overlooked: businesses paying $1m to $5-$10m in premium, with hundreds of thousands of them across the US.
“That’s why we’ve refocused RE-PAID entirely on this segment, rebuilding it around the investment and ROI language its owners think in, rather than the premium savings driving smaller businesses, or the ‘total cost of risk’ approach used by big business.”
Jeckell continued: “These businesses are not big enough to stand alone, but they’re big enough to want the flexibility and control a group captive can’t offer. Single-parent captives have traditionally been too complex and costly for them, weighed down by fronting fees, stacking collateral and reinsurance arrangements that stop making sense below $5-6m of premium.
“And group captives are built to save clients money, not make them money, with compulsory dividends, so no retention of profits, and a lack of control over claims or the captive itself. RE-PAID was built to close that gap.”
As part of the relaunch, I-RE has increased its commercial property primary limit to up to $20m and its general liability limit to up to $5m, as well as added a new excess facility for both lines up to required limits.
The firm has also enhanced its structured service, with support and guidance, to fast-track brokers and clients from enquiry through to captive formation, and built a brand new website, designed following client and broker feedback to best serve their needs.
RE-PAID enables clients to invest collateral into a single-parent captive and act as their own reinsurer with limited risk. This grants them control over claims handling and downside protection.
Since collateral does not stack and risk is taken on annually, a one-off investment can generate strong annual returns, the firm explains.
Rather than just saving on premium, clients retain profits to build a growing asset while premiums stay consistent and brokers retain commissions. For the average RE-PAID client paying $1m-$5m in premium to I-RE the average annual return on investment has been 37%.