Catalyst Insurance, Ltd. was created from the need of nationwide ambulance and emergency medical transportation services businesses to obtain insurance coverage at a more affordable cost. The founding members of Catalyst Insurance, Ltd. perceived that the commercial insurance industry was not responsive to this basic business necessity.
Catalyst Insurance, Ltd. was formed on June 1, 2005. With the assistance of Captive Resources, LLC, an independent captive consultant, the original members of Catalyst Insurance, Ltd. sought to create a more customized and affordable insurance alternative.
Through forming Catalyst Insurance, Ltd., the goal of these business owners was to increase buying power and allow member companies many of the same advantages of control generally afforded to only the largest companies.
Catalyst Insurance, Ltd. is no longer just for companies focused on ambulance and emergency medical transportation services. The Board of Directors also approved the expansion of eligible classes of business to other healthcare related companies, including assisted living facilities, skilled nursing facilities, nursing homes, hospitals, home healthcare agencies, and para-transit/community associations.