The Baldwin Group, an insurance distribution firm, has launched Azimuth Re, Ltd., a new member-owned group captive tailored for its construction clients, in partnership with Innovative Captive Strategies.
Baldwin explained that Azimuth is designed for “forward-thinking” construction companies that pay $250,000 or more annually in workers’ compensation, general liability, and auto premiums.
The program includes a $350,000 captive retention and is reportedly built for contractors committed to employee safety who want greater stability and transparency in their insurance strategy.
“Azimuth brings together high-performing contractors seeking greater control and long-term stability in how they manage risk. By grouping best-in-class companies under a single, disciplined underwriting approach, members share risk, gain scale, and have the opportunity to benefit from underwriting profits when the group performs well,” Baldwin said.
Andy O’Brien, Partner at The Baldwin Group, commented, “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.”
Greg Deems, Senior Partner, The Baldwin Group, added, “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.”
