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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 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 […]
The recent article published by Captive Insurance Times, “CaptiveGPT,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, discusses the potential benefits of using AI platform ChatGPT for captive insurers within the insurtech industry. While there is concern about AI development, ChatGPT offers various advantages, including efficient business operations and enhanced customer service. Despite […]
In the latest article, “On the Bright Side: Preparing Your Business For a More Active Sun” in Business Partner Magazine by CIC Services’s Randy Sadler, experts warn that the sun is expected to be the most active it has been in nearly a century, leading to potential risks for businesses. Solar flares and electromagnetic pulses […]
CIC Services has named Leane Rafalko Director of Captive Management. Leane previously spent eight years with the North Carolina Department of Insurance as Chief Captive Analyst and then joined Hylant Global Captive Solutions as Senior Captive Consultant. Read the full article here
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 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 […]
The recent article published by Captive Insurance Times, “CaptiveGPT,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, discusses the potential benefits of using AI platform ChatGPT for captive insurers within the insurtech industry. While there is concern about AI development, ChatGPT offers various advantages, including efficient business operations and enhanced customer service. Despite […]
In the latest article, “On the Bright Side: Preparing Your Business For a More Active Sun” in Business Partner Magazine by CIC Services’s Randy Sadler, experts warn that the sun is expected to be the most active it has been in nearly a century, leading to potential risks for businesses. Solar flares and electromagnetic pulses […]
CIC Services has named Leane Rafalko Director of Captive Management. Leane previously spent eight years with the North Carolina Department of Insurance as Chief Captive Analyst and then joined Hylant Global Captive Solutions as Senior Captive Consultant. Read the full article here
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.