Trusted Captive Insurance Manager
Ram C. Patel
Principal, CIO
Ram serves as Chief Investment Officer for CIC Services, where he helps with compliance, financial modeling, operational support, and advanced financial strategies for the Captives. He has spent his whole life in the hotel industry while also having a background in Supply Chain Management and Insurance. He also holds a Life license active in TN.
Ram is a very adventurous person and likes to learn about new industries and concepts. He is still very involved in the hotel industry and is part of several major hotel associations. Ram received his Bachelor of Science in Supply Chain Management from the University of Tennessee in 2015.
Ram can be found playing golf, going to UT sporting events, or hanging out with friends when he isn’t working. He resides in Lenoir City, TN.
Recent Industry News
New IRS Captive Rules Beg To Be Challenged
On January 14, just days before the end of the Biden Administration, the US Treasury continued its multi-decade-long attacks on Congressionally-authorized captive insurance arrangements by issuing a new final regulation relating to 831(b) small captive insurance companies: https://public-inspection.federalregister.gov/2025-00393.pdf. Unfortunately, the new rule very much resembles the originally proposed rule that received overwhelmingly negative feedback from […]
How The Captive Insurance Industry Can Increase Your Profits
Listen to CIC Services’s own Randy Sadler as he discusses how captive insurance can increase your profits with the Profit Coach 4 You podcast host. In the episode, you will hear how captive insurance can reduce insurance costs and generate profit for your business. Click play on the video below, or click here to read the […]
CIC Services Announces The 60 Day Captive Insurance Countdown For 2024
The Strategic Advantage of Captive Insurance in Today’s Chaotic Environment In the current chaotic landscape, business owners face unprecedented challenges that demand innovative solutions. Recent global events have underscored the necessity for stability and adaptability, making captive insurance a compelling option for many organizations.
Repeal Of Chevron Doctrine Bodes Well For Captive Insurance
The Supreme Court of the United States (SCOTUS) recently issued a very important ruling overturning the Chevron Doctrine. This ruling reins in the out-of-control administrative state and restores Constitutional balance between the Executive and Judicial branches of government. To understand why this is so, a little background is necessary: With limited exception, our Constitution gives […]