The Baldwin Group has launched Azimuth Re, a new member-owned group captive designed specifically for the construction sector. Developed in partnership with Innovative Captive Strategies, the product is tailored to Baldwin’s construction client base.
The launch comes in response to growing volatility across the construction insurance market, with the firm anticipating continued turbulence through 2026 and beyond. Azimuth Re aims to give high-performing contractors greater control and long-term stability in how they manage risk.
The Baldwin Group is an independent insurance brokerage and advisory firm that delivers tailored insurance solutions to a broad range of personal and commercial clients. The firm operates under the Nasdaq ticker BWIN and works across multiple sectors, with a particular focus on providing specialist risk management guidance to construction industry clients.
Azimuth Re brings together contractors under a single, disciplined underwriting approach, enabling members to share risk, gain scale, and benefit from underwriting profits when the group performs well. The product is designed for construction companies spending $250,000 or more annually in workers’ compensation, general liability, and auto premiums. The programme includes a $350,000 captive retention structure, creating a direct alignment of interests around safety performance and long-term financial outcomes.
Beyond coverage placement, the programme provides members with access to industry-leading risk management, claims support, and safety advisory services. Member selection is guided by Baldwin’s construction experts, with all participants operating under a single broker model and a shared risk framework. The structure is intended to attract like-minded, top-performing contractors committed to employee safety, transparency, and long-term insurance strategy discipline.
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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