US captive manager Elevate Captives has appointed Ryan Ralston as its permanent managing director of risk management.
Ralston has been working part-time at Elevate as an independent contractor since January 2016, but his role has now been made permanent.
He will be responsible for overseeing new and renewal ‘CORE Reviews’—Elevate’s coordinated overview of risk exposure—for the firm's clients.
In addition, Ralston will work with new and existing clients on the consultation and implementation of risk management strategies that lower their risk and enhance profit.
Ralston, who is concurrently the president of RalstonRMC, has previously held roles at Spring Consulting Group, Koch Industries and ERI Solution.
Jerry Messick, CEO of Elevate, said the company felt the need make the position permanent due to recent growth and requests by clients for much more detailed expertise in enterprise risk management.
Messick said: “We're fortunate to find such depth in Ryan Ralston and be able to have him join our team.”
“It means we can develop much more focused risk financing programmes for our clients with a full ‘360 degree’ programme, not only addressing the post-claim issues but proactively addressing pre-claim risk management strategies.”
Ralston said his purpose for joining on a permanent basis was the company’s “existing pipeline of sophisticated clients who are tactical risk takers who want to manage their risk, and finance it, in a way that benefits both their customers and their own bottom line”.
He added: “Elevate's team is brilliant with captive strategies and they have built a tremendously economical platform for successful entrepreneurs who need to change their ‘insurance tire’ without stopping the car.”
“Together we make a pretty good team and our clients like the approach of having good visibility of their risks, managing out what they don't want, then financing the desired residual risk into a custom-designed captive insurance programme.”
