Affiliated captives of Captive Resources have reached a combined premium volume exceeding $2 billion.
Captive Resources said it continues to see “very robust” year-on-year growth with the captive insurance companies it consults.
Captive Resources is an independent consulting company specialising in creating and overseeing the operations of member-owned group captives.
George Rusu, co-founder, chairman and CEO of Captive Resources, attributes the continued interest in group captives to a “strong economy, growing awareness among regional insurance brokers, and our vigorous educational initiatives for both prospective member-owners and their brokers”.
He added: “An increase in the number of homogeneous captives has resulted in expansion into a wider variety of industries, and we’re also seeing an increase in the number of larger companies that generate higher premiums, exploring ownership in, and ultimately joining group captives.”
Nick Hentges, president of Captive Resources suggested that the sustained growth in the company’s core business “continues to support our expansion into new areas and has allowed us to bring on captive-specific and other specialised talent to service our captive clients in more diverse ways”.
