The contents, views and editorial quality of this report are the responsibility of the author(s) and CMHC accepts no responsibility for them or any consequences arising from the reader’s use of the information, materials and techniques described herein. [...] Marsh i Canada Mortgage and Housing Corporation ( CMHC ) Research Objectives Marsh Canada Limited (“Marsh”) was engaged by the Canada Mortgage and Housing Corporation (“CMHC”) to meet the primary objectives specified below: 1. Identify and analyze the categories of risk in the business of building new or renovating existing housing and the categories of risk that are typically assigned to a third [...] Group Captive In a group captive, the captive underwrites the risks, determining the appropriate premium for the risks and exposures to risks of each of its Definition members. [...] The members share in the profits and the losses of the group in proportion to the size of their individual shares. [...] In the event that a subcontractor causes a loss, you need the security of knowing there are resources to pay for the loss and keep the project on schedule.