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A recent New Jersey Supreme Court case highlights an important lesson for medical practices: having insurance does not always mean you’re fully protected.

We’re honored to share that CIC Services has once again been recognized as Highly Commended for Captive Manager of the Year in the Captive Review US Captive Awards 2026. This recognition reflects our ongoing commitment to helping businesses take greater control of risk through innovative captive insurance strategies and exceptional client service.

Receiving this distinction once again underscores the strength of our team, the trust of our clients, and the results we strive to deliver every day. It also builds upon a longstanding record of industry recognition, including Captive Manager of the Year honors in 2025, 2024, 2023, and 2021.

At CIC Services, we believe captive insurance is far more than an alternative risk financing tool. When designed and managed strategically, a captive can help organizations gain greater control over insurance costs, improve cash flow and liquidity, address difficult-to-insure risks, and strengthen long-term financial resilience. Our role extends well beyond administration. We work closely with each client to understand their business objectives, identify emerging exposures, and build captive solutions that support both risk management and growth.

What Sets CIC Services Apart

Our approach is grounded in deep expertise, innovation, and client-focused guidance:

• Technical expertise: We help clients navigate complex regulatory environments, develop tailored captive structures, and implement risk management strategies that support long-term performance and stability.
• Client empowerment: We turn complex insurance and risk management concepts into practical insights, giving clients the clarity and confidence to make strategic business decisions.
• Innovation: Whether addressing emerging risks such as cyber threats and artificial intelligence exposures or aligning captive strategies with broader business goals, we continuously seek new ways to create value.
• Long-term partnership: We are committed to building lasting relationships and measure our success by the strength, growth, and resilience of the organizations we serve.

Turning Recognition Into Results

Being recognized as Highly Commended for Captive Manager of the Year in 2026 reinforces our commitment to delivering exceptional service, innovative solutions, and measurable results for our clients. As businesses continue to face an increasingly complex risk environment, we remain focused on helping them use captive insurance to protect what they have built while creating new opportunities for growth and financial strength.

We thank Captive Review for this recognition and extend our sincere gratitude to our clients, partners, and team members whose trust, collaboration, and dedication make achievements like this possible.

To learn more about CIC Services and how captive insurance can help turn risk into a profit center, contact us today.

Business risk has become a financial planning issue, not just an operational concern.

Christopher Gallo will transition from his role as managing director after six years with the firm to pursue an independent captive insurance consulting venture. The firm continues to serve clients nationwide in the design and management of disciplined captive insurance programs focused on long-term liquidity and regulatory compliance.

“I am very blessed for having the opportunity to work with CIC Services, as their problem-solving, corporate governance, ingenuity, and integrity are second to none. It has been stated that success has many authors, as evidenced by being a part of forming state-of-the-art captives covering risks such as a carbon footprint, stranded asset, and title insurance, in addition to insuring third-party risks. I intend to utilize CIC Services as captive manager for all such future captive formations,” Gallo stated.

Gallo brings more than 40 years of experience in insurance regulation and captive insurance oversight to his new endeavor. During his time at CIC Services, he contributed to client engagements grounded in the firm’s disciplined approach to captive insurance, with a focus on regulatory substance, documentation, and sustainable liquidity.

Before joining CIC Services, Gallo built a 35-year regulatory career with the State of Connecticut’s Financial Regulation Division. He progressed from trainee to insurance-accredited financial examiner and earned his Certified Financial Examiner (CFE) designation in 2012. His regulatory experience included a rotation with the Swiss Financial Markets Supervisory Authority in Bern, Switzerland, and a presentation to the National Association of Insurance Commissioners’ Roundtable Forum in April 2013. He also led a supervisory college panel and discussion with regulators from the Dutch National Bank.

In 2013, Gallo transferred to Connecticut’s newly formed Captive Division, reporting directly to the division director. There, he helped devise and present true risk-based captive legislation to the governor’s office and industry stakeholders, constructed the division’s true risk-based examination process, served as examiner in charge for reports of examination, and oversaw the division’s NAIC self-evaluation guide, interim annual reviews, and accreditation reviews. He joined CIC Services in 2019, bringing his regulatory perspective to a firm recognized for its emphasis on properly structured captive programs and long-term risk discipline.

“The perspective Chris brought from his regulatory career has been valuable to our team and our clients,” said CIC Services Principal and Chief Operating Officer Bryan Ridgway. “CIC Services was built on a foundation of regulatory discipline, documentation, and sustainable liquidity, and Chris’s experience aligned well with those principles. We remain focused on delivering properly structured captive programs for our clients and wish him continued success as he begins this next chapter.”

Gallo earned a Bachelor of Science in administrative science from Central Connecticut State University in 1982. He resides in Florida with his wife, Serina. Together, they have been blessed with five children and double-digit grandchildren.