Specialty Captive Group, part of holding company Specialty Program Group, has acquired the assets of Sedgwick’s alternative risks services (ARS) division.
The captive group offers alternative risk solutions and captive management services to a range of clients in North American domiciles, including captive feasibility, captive consulting, captive formation and captive management capabilities.
The ARS division of Sedgwick, a provider of technology-enabled risk and business solutions, has diverse experience in captive and risk management.
The acquisition will consolidate Specialty Captive Group’s risk management offering, with the ARS team remaining intact and continuing to administer services to its captive members and broker partners.
John Yaple, senior vice president of Specialty Captive Group, comments: “The ARS team is an experienced group of captive programme administrators who will provide great value to our clients seeking guidance and solutions utilising group captive solutions.
“We are pleased to continue to expand our growing platform of independent alternative risk products and programmes available to our clients.”
Shelly Caprio, vice president of Sedgwick Alternative Risk Services, adds: “The ARS group is excited to join Specialty Captive Group with its tremendous resources and depth of captive expertise. We are looking forward to becoming part of a growing innovative captive team.”
