Membership Criteria
The current shareholders of Archway
approve each new prospect for acceptance into the company.
The shareholders are the primary source for contacting new
companies about potential membership into Archway. The
captive consultant and broker are responsible for continuing
communication with each acceptable prospect.
The attributes required for memberships
are:
- Management commitment to safety
- Financially strong company
- Historic loss experience average or better for the industry
- Management philosophy compatible with Archway group
- Minimum casualty premium of $200,000
The essence of success for Archway is
two-fold: continued participation by each shareholder in
governing Archway; aggressive risk control management within
their own business.
Each current policyholder in Archway is
evaluated every year by the Risk Control Committee for its
maintenance of a strong managerial commitment to effective
loss control. The group knows each policyholder’s loss
records and the best results are recognized and formally
rewarded by Archway. |