Innovative Captive Strategies (ICS) has expanded its captive insurance capabilities by acquiring Aceterrus Insurance Resources of Bigfork, Montana.
Aceterrus is an independent captive management firm based in the northwest US and provides risk consulting, licensing and administrative services for clients throughout North America. The transaction closed effective 10 June 2015.
The firm will operate as a subsidiary of ICS, reporting to company president Tom Stewart. The Aceterrus office and team members will remain intact, led by Brenda Ash, vice president of consulting.
“With ICS, our clients gain access to a wealth of risk experts and resources aimed at improving efficiencies while taking control of risk,” said Ash.
“Our proven ability to implement effective risk management and risk financing solutions while putting people first led to our success across many client industries. ICS’s philosophy is a perfect match, ensuring that clients will continue to receive top-notch service.”
Stewart added: “The Aceterrus team rounds out our captive consulting and management capabilities. Montana presents many opportunities with over 200 licensed captive entities, making it one of the top five domestic domiciles for captives.”
