Introducing Synergix Re
A captive built for captives.
Over the past several months, we’ve explored why medical stop-loss captives have been so effective for employers and why the next evolution is about taking more control of risk, not less.
Today, we’re proud to introduce Synergix Re, a Nevada-domiciled captive designed to help captives retain more of the risk they already manage well and keep underwriting profit within the captive ecosystem.
Synergix Re is owned by captives. Policyholders are shareholders.
This is the next iteration of captive insurance.
Prefer a quick overview?
Watch a brief video introducing Synergix Re, or visit synergix.insure to learn more.
Why Synergix Re was created
As captive managers, we routinely review captive structures, reinsurance agreements, and bordereaux reports across the market. In doing so, one pattern consistently emerges: many group reinsurance captives transfer excess risk back to fronting carriers at a cost that far exceeds the claims ultimately reimbursed.
In these arrangements, the fronting carrier often collects significantly more in premium than it pays in claims, retaining underwriting profits that should belong to the captive owners.
Synergix Re was created to address this imbalance.
Built to support captives
Synergix Re was purpose-built to support:
- Existing group reinsurance captives
- Single-parent direct writer and reinsurance captives
Synergix Re will issue or reinsure excess medical stop-loss policies and is structured to hold the next 2,000,000 of medical stop-loss claims risk. This allows captives to confidently retain more risk in layers they are already managing effectively.
And this is only the beginning.
Alignment through ownership
Synergix Re will be managed by Complete Captive Management Services, while governance and control remain with its shareholder captives. This structure ensures alignment, transparency, and long-term sustainability.
Underwriting profits flow back to the insured captives, not out of the captive ecosystem.
As Phil Holowka, Chief Operating Officer at medTRANS, shared when discussing the launch: “We are so excited to bring Synergix to the captive market. Finally, a captive for captives.”
Reducing frictional cost
Synergix Re was also designed to reduce inefficiencies that often inflate excess coverage costs.
Key advantages include:
- A 10 percent expense load, approximately three times lower than typical market standards
- Reduced G and A expenses that would otherwise pad premium
- Profit participation that rewards strong performance
This model reinforces disciplined risk management and long-term thinking.
Addressing undersized captive layers
Over the years, as we’ve reviewed captive programs, one issue keeps coming up. Large group captives with tens of thousands of covered lives often retain captive layers of only a few hundred thousand dollars.
As Phil explains: “I grew frustrated seeing group reinsurance captives with 10,000, 15,000, or even 30,000 employee lives retaining only 300,000 or 400,000 dollars. A group captive of that size should not have such a small captive layer.”
The challenge is not the captive itself, but the disadvantage to participating employers. Paying premium levels above market and receiving only a small portion back years later does not create value.
Synergix Re was built to give captives access to this excess layer and participate directly in the risk and reward.
As Phil put it, “Give me ten captives, and nine of them paid more premium into the excess layer than they ever received back in claims. Synergix was built to change that.”
A blueprint for captive success
Captives exist to manage risk for the benefit of their shareholders. Synergix Re enables captives to be both policyholders and shareholders, creating alignment that traditional excess arrangements cannot match.
Medical stop-loss excess is just the first ambition.
Join the conversation
Synergix Re will be sponsoring an informational session at the World Captive Forum in Orlando on February 4, 2026. Learn more at synergix.insure.
If you are a captive program manager or an owner of a single-parent captive, we’re happy to share Synergix Re’s business plan and discuss how this structure may support your long-term strategy.
A captive for captives.
The next level is here.