CIC Services’ Sean King, JD, CPA Named In Power 50 By Captive Review
Sean King, the Founding Principal of CIC Services, has recently been recognized as #41 in the Captive Review’s “Power 50 2024” list, a compilation of the most influential professionals in the captive insurance industry. This recognition is particularly noteworthy given the typical focus of this list on leaders of businesses serving large captives or those acting as domicile regulators.
Sean King stands out as a passionate advocate for small and middle-market businesses within the captive insurance sector. While many industry leaders concentrate on catering to large corporations and high-value captives, Sean has dedicated himself to ensuring that small and mid-market businesses and business owners receive the same risk management, coverages, and captive opportunities that were once reserved only for large companies. His commitment to leveling the playing field in an industry often dominated by larger entities sets him apart.
Under Sean’s leadership, CIC Services has become a prominent voice in advocating for small captives. He was the mastermind behind CIC Services’ 9-0 Supreme Court victory against the IRS and the Service’s illegal Notice 2016-66. Despite facing scrutiny and administrative overreach from the IRS in recent years, Sean’s expertise and dedication have helped numerous businesses navigate the complexities of captive insurance arrangements successfully. His belief in the potential of small captives has driven him to spearhead initiatives that promote their growth and viability.
In addition to his role as the Founding Principal, Sean serves as CEO and In-House Counsel for CIC Services. His deep knowledge and insights into the captive market have established him as one of the industry’s most respected figures. In 2015, Sean’s contributions were recognized when he served on the CICA committee that developed CICA’s formal Information Statement On Small Captive Insurance Companies, underscoring his commitment to advancing the interests of small captives.
Sean King’s inclusion in the “Power 50 2024” list highlights his unwavering dedication to championing the cause of small and middle-market businesses in the captive insurance industry. Through his leadership and advocacy, Sean continues to pave the way for these businesses, ensuring they receive the coverage and opportunities they rightfully deserve.
