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CIC Services launches new property/casualty reinsurance pool Knox Re
August 12 2019

CIC Services launches new property/casualty reinsurance pool Knox Re

Randy Sadler Recent Headlines

Intelligent Insurer reports on CIC Services launching a new reinsurance pool for property and casualty (P&C) coverages.

View full article on intelligentinsurer.com

CIC Services launches P&C reinsurance pool, Knox Re Meet CIC Services In Charlotte August 21-23

Related Posts

Recent Headlines

Cyber Coverage – Captive Insurance Times

As firms moved to a work-from-home environment in response to COVID-19, cybersecurity has been highlighted as an increasing challenge. Industry experts suggest while captive coverage is tailored to the needs of the business, a commercial policy is just as important. Although many firms use commercial cyber policies for coverage, there can be gaps, leaving firms […]

Recent Headlines

Is Captive Insurance the Right Fit for Your Clients?

If the turmoil of 2020 has shown businesses anything, it’s that they should have been better protected and most businesses could have benefited from more insurance and more money. The pandemic and riots have forced thousands of businesses into bankruptcy with many more still on the ropes. It’s impossible to predict what the next crisis […]

Recent Headlines

Tech companies turn to captives as cyber risk increases

An increasing number of tech companies are replacing or supplementing commercial insurance with captive insurance, according to Randy Sadler, principal at CIC Services. 

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Captivating Thinking

  • Cyber Coverage – Captive Insurance Times
  • Solving the Successful Business Owner’s Chief Conundrum
  • Christopher Gallo, CFE, has joined CIC Services as managing director
  • Is Captive Insurance the Right Fit for Your Clients?
  • Tech companies turn to captives as cyber risk increases

Contact CIC Services

9721 Cogdill Road, Suite 202
Knoxville, TN 37932
Phone: 865.248.3044
Fax: 865.966.1199

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Stronger Business Model

Businesses who implement ERM programs combined with a captive to plan for unforseen risks stand a better chance of surviving, and passing to the next generation.

Improved Cost Controls

Captive owners can leverage their ERM and captive programs to improve their negotiating ability when renewing their commercial insurance coverages.

Wealth Accumulation

Profitable captives will see their reserves grow over time to significant sums which can be utilized by their owners for retirement or other life cycle needs.

Advantageous Tax Treatment

Insurance companies are the only entities allowed to expense projected future expense against current-year revenues (claim reserves). Small captives (premiums of $2.2M or less per year) may also elect to only be taxed on their investment income, potentially resulting in substantial tax savings for their owners.

Insurance Profits

Utilizing your captive to reduce or replace your commercial insurance coverage with policies issued by your captive allows you to capture insurance profits previously realized by the carriers.

Improved Risk Management

Adding a captive and ERM program will result in a higher awareness and enhanced strategies for how your organization thinks about and plans for all risks.

Asset Protection

The assets held by a properly organized and managed captive enjoy a very high degree of protection from both the business’ and business owner’s creditors.