SCHAUMBURG, Ill.--(BUSINESS WIRE)--Captive Resources, LLC, a leading consultant to member-owned group captives, announced today that its affiliated captives have reached a combined premium volume exceeding $2 billion, doubling in less than five years. The company continues to see a very robust year over year growth in the captive insurance companies to which it consults.
“We attribute the continuing intense interest in group captive insurance to a strong economy, growing awareness among regional insurance brokers, and our vigorous educational initiatives for both prospective member-owners and their brokers,” said George Rusu, co-founder, Chairman and CEO of Captive Resources. “In addition, 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 noted that “There are certain aspects to Captive Resources’ group captive model that are very attractive to potential member-owners, including a predictable collateral formula, strong dividend potential, the ability to close policy years in a timely manner, and excellent risk management resources which help members to reduce their losses and lower their premium.”
“The sustained growth in our core business continues to support our expansion into new areas and has allowed us to bring on captive-specific and other specialized talent to service our captive clients in more diverse ways,” added Hentges.
Captive Resources, LLC is an independent consulting company specializing in creating and overseeing the operations of member-owned group captives. It has no ownership interest in the captives it advises, which today number thirty-three with nearly 4,000 member companies.