In 1991, The Welch family formed Charter Partners (CP) to serve entrepreneurs with a new, community-driven alternative to the rising costs and declining trust in the property/casualty insurance marketplace. The focus of the new venture was to provide privately-held entrepreneurial business owners with stability and choice in addressing safety, risk management and insurance issues.
We love new ideas, great people, fast cars, and trips to exotic places. So why did we get into insurance? We believe that no matter what industry you're involved in, creativity an innovation can make things better. Why can't insurance be exciting and interesting too?
In 2007, we helped our members migrate from renting to owning their own captive, Cooperative Partnership Insurance Company (CPIC). CPIC is a mutual insurance company owned exclusively by its insured’s, domiciled in Vermont. Vermont is the preeminent base of operations in the United States for captive insurers, and third largest domicile in the world. In 2012, we restructured CPIC to a sponsored captive.