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Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
In this article by Christopher Gallo, published on Insurance News Net, Gallo discusses the evolution of captive insurance companies from traditional risk mitigation tools to powerful financial empowerment mechanisms. Captives play a pivotal role in helping businesses safeguard assets, manage risks effectively, and unlock untapped financial potential, leading to lasting success. Today, approximately 90% of […]
The recent article published by Insurance NewsNet, “How Captive Insurance Provides Bank-Like Benefits,” by Chris Gallo, Managing Director at CIC Services, highlights how captive insurance companies have transformed significantly in the dynamic modern business environment. They’ve evolved beyond traditional risk management, becoming innovative drivers of financial empowerment akin to banks. Now, they’re crucial in helping […]
The recent article published by Captive International, “Business in the Crosshairs: Addressing Political Dynamics in the U.S. with Captive Insurance” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights the current challenging political landscape for businesses in the United States, emphasizing the need for proactive management of political risks. The article discusses the reasons […]
In this article by Randy Sadler, Sadler discusses the possibility of a Russian nuclear attack on Europe. The potential impact on businesses and global supply chains is highlighted, drawing parallels to the unpreparedness of many companies for the COVID-19 pandemic. Banks and supply chains have already been impacted by the ongoing war between Russia and […]
In the prominently featured article “Fewer options, more fees” by the knowledgeable Shoshanna Simmons of CIC Services, Simmons discusses the challenges businesses face in obtaining and retaining insurance coverage, particularly in the excess and surplus insurance markets, cyber insurance, and umbrella policies. The article highlights that commercial insurers are reducing their coverage offerings due to […]
Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
In this article by Christopher Gallo, published on Insurance News Net, Gallo discusses the evolution of captive insurance companies from traditional risk mitigation tools to powerful financial empowerment mechanisms. Captives play a pivotal role in helping businesses safeguard assets, manage risks effectively, and unlock untapped financial potential, leading to lasting success. Today, approximately 90% of […]
The recent article published by Insurance NewsNet, “How Captive Insurance Provides Bank-Like Benefits,” by Chris Gallo, Managing Director at CIC Services, highlights how captive insurance companies have transformed significantly in the dynamic modern business environment. They’ve evolved beyond traditional risk management, becoming innovative drivers of financial empowerment akin to banks. Now, they’re crucial in helping […]
The recent article published by Captive International, “Business in the Crosshairs: Addressing Political Dynamics in the U.S. with Captive Insurance” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights the current challenging political landscape for businesses in the United States, emphasizing the need for proactive management of political risks. The article discusses the reasons […]
In this article by Randy Sadler, Sadler discusses the possibility of a Russian nuclear attack on Europe. The potential impact on businesses and global supply chains is highlighted, drawing parallels to the unpreparedness of many companies for the COVID-19 pandemic. Banks and supply chains have already been impacted by the ongoing war between Russia and […]
In the prominently featured article “Fewer options, more fees” by the knowledgeable Shoshanna Simmons of CIC Services, Simmons discusses the challenges businesses face in obtaining and retaining insurance coverage, particularly in the excess and surplus insurance markets, cyber insurance, and umbrella policies. The article highlights that commercial insurers are reducing their coverage offerings due to […]
Sign Up for the Captivating Thinking Newsletter
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.
Captive owners can leverage their ERM and captive programs to improve their negotiating ability when renewing their commercial insurance coverages.
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.
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.
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.
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.
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.