

ABOUT BLOOM
Bloom is a Delaware-based cell captive insurance product offering a turnkey captive funding option for companies and groups that don't have the resources or appetite to form their own stand-alone captive.
Bloom is powered by the award-winning actuaries, consultants and underwrites of Spring Consulting Group, but operates as its own entity.
HOW IT WORKS

Benefits and P&C coverages
A platform for a group solution for mid-sized entities
A less expensive, more transparent alternative
Best-in-class vendors with pre-negotiated agreements

Bloom is set up with separate "series cells" to provide entities an opportunity to participate in the results of the insurance programs. By joining Bloom, companies have access to:

BLOOM ADVANTAGES
SAVINGS
Average savings of 5-25% vs. a commercial carrier
RISK MANAGEMENT
Operate and manage a central risk pool with appropriate reinsurance for your peak risks
TURNKEY OR CUSTOMIZED
Use our pre-vetted, best-in-class vendors and ready-to-go structure, or tailor your program to unique needs
CONTROL
Customized program with improved reporting and claims cost management
TURNKEY OR CUSTOMIZED
Use our pre-vetted, best-in-class vendors and ready-to-go structure, or tailor your program to unique needs
TRANSPARENCY
You'll know where every dollar is going and be aware of any changes before they're made
ECONOMIES OF SCALE
By joining together with other groups, additional savings can be achieved over time through things like carving out Rx
WHO CAN LEVERAGE BLOOM?
Best suited for small and mid-sized companies
Organizations without the ability, resources, or appetite to develop their own single-parent captive
Particularly those seeking additional or alternative medical stop-loss or P&C coverage