CIC Services, LLC Named 2024 Captive Manager of the Year for Unmatched

The designation marks the third time and second consecutive year CIC Services has been chosen.

CIC Services, LLC is proud to announce that it has been named Captive Manager of the Year (<$1bn GWP) for 2024 by Captive Review. This prestigious recognition marks the third time CIC Services has received this honor and the second consecutive year in a row, solidifying its position as a leader in the captive insurance industry.

CIC Services has been recognized for its exceptional innovation and leadership, particularly in serving the middle market. Over the past year, the firm has introduced groundbreaking solutions for its clients, including the addition of healthcare and warranty coverage to existing captives, layering General Liability and Property coverage, and forming complex agency captives to address environmental risks and carbon footprint concerns. The company’s continued focus on client-centric, innovative approaches has driven significant growth, with 96 new captives formed in the last three years, including 34 in 2023 alone.

“We are deeply honored to be recognized as Captive Manager of the Year for 2024 by Captive Review,” said Bryan Ridgway, Principal and Chief Operating Officer of CIC Services. “This award is a testament to the hard work and dedication of our entire team, as well as the trust and collaboration we share with our valued clients. At CIC Services, we are committed to delivering
innovative solutions that meet the unique needs of our clients and help them achieve their risk management goals.”

CIC Services’ commitment to defending small and middle-market captives from IRS overreach has also been a cornerstone of its industry leadership. This advocacy, along with the company’s expansion into new industries and insurance products has set CIC Services apart as an industry leader.

“Receiving this award for the third time, and the second year in a row, is incredibly gratifying,” added Ridgway. “It motivates us to continue pushing the boundaries of what we can achieve for our clients. Our goal has always been to empower businesses with the tools they need to protect their assets and manage risk effectively, and this recognition affirms that we are on the right path.”

CIC Services has also experienced significant internal growth, adding 15% more staff in the last year, including key industry talent such as former state regulators and experts in underwriting and risk management. The firm’s commitment to innovation is further demonstrated by its adoption of advanced automation tools, which have enhanced communication and streamlined operations, resulting in improved client service.

Looking ahead, CIC Services remains focused on delivering value to its clients through continued innovation and industry-leading expertise. The firm would like to extend its gratitude to Captive Review for recognizing their achievements and to their clients for their continued trust and partnership.