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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 Bryan Ridgway for Captive Review, he discusses best practices for establishing a successful captive insurance company. He emphasizes the importance of compliance with state/domicile-imposed regulations, relevant court cases, and IRS safe harbors. He recommends either becoming a captive expert or hiring a qualified captive manager to handle the day-to-day functions and […]
In the recent article published by Captive International, CIC Services announced the appointment of Shoshanna Simmons to the director role of risk and underwriting. Simmons possesses expertise in risk management and insurance, holding a property & casualty insurance license and actively engaging with numerous professional insurance organizations, including membership in the Risk Management Society. Read […]
The recent article published by Business Partner Magazine, “Three Strategies to Deal with Rising Insurance Premiums,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights strategies for reducing business insurance premiums, emphasizing the importance of understanding factors influencing premiums and taking proactive steps to mitigate risks. Captive insurance as a tool for stabilizing […]
In the recent article published by Captive International, CIC Services announced Shoshanna Simmons has been appointed to the position of Director of Risk and Underwriting. Her responsibilities will entail proficiency in actuarial analysis, risk management, underwriting, and regulatory compliance. Read the full announcement here
The recent article published by Business Partner Magazine, “What Tomorrow May Bring: A Look at Insurance in 2023,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, discusses insurance’s rich history dating back to ancient civilizations like the Babylonians and Greeks, evolving into one of the most essential and regulated industries globally. Today, the industry […]
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 Bryan Ridgway for Captive Review, he discusses best practices for establishing a successful captive insurance company. He emphasizes the importance of compliance with state/domicile-imposed regulations, relevant court cases, and IRS safe harbors. He recommends either becoming a captive expert or hiring a qualified captive manager to handle the day-to-day functions and […]
In the recent article published by Captive International, CIC Services announced the appointment of Shoshanna Simmons to the director role of risk and underwriting. Simmons possesses expertise in risk management and insurance, holding a property & casualty insurance license and actively engaging with numerous professional insurance organizations, including membership in the Risk Management Society. Read […]
The recent article published by Business Partner Magazine, “Three Strategies to Deal with Rising Insurance Premiums,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights strategies for reducing business insurance premiums, emphasizing the importance of understanding factors influencing premiums and taking proactive steps to mitigate risks. Captive insurance as a tool for stabilizing […]
In the recent article published by Captive International, CIC Services announced Shoshanna Simmons has been appointed to the position of Director of Risk and Underwriting. Her responsibilities will entail proficiency in actuarial analysis, risk management, underwriting, and regulatory compliance. Read the full announcement here
The recent article published by Business Partner Magazine, “What Tomorrow May Bring: A Look at Insurance in 2023,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, discusses insurance’s rich history dating back to ancient civilizations like the Babylonians and Greeks, evolving into one of the most essential and regulated industries globally. Today, the industry […]
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.