September 11, 2018 (Atlanta, GA) — Captive Alternatives (CapAlt), the Atlanta-based risk management consultancy that pioneered the Private Insurance Company™, has been recognized as a finalist in the 2018 US Captive Awards. The Captive Awards are organized by Captive Review magazine and highly respected within the captive insurance industry. The 2018 Captive Review Awards were held August 6th in Burlington, Vermont.
Finalist CapAlt was shortlisted in the Independent Captive Manager of the Year category. Judges looked for “the highest standards of customer care and satisfaction, excellent reporting processes and access to the team”. Judges also looked for “innovative ways to manage client’s risk and insurance structures, evidence of business growth and key staff playing an active role in industry discussions and setting the agenda for the industry”.
“In addition to our recognition as an Inc. 5000 company for a second year in a row, this is a key recognition of our quality growth trajectory,” says CapAlt COO David Kirkup. “We think there are several reasons for our recognition: we operate our captive program as a traditional insurance model, with a licensed insurance company issuing policies and where all our captives are reinsurance companies. We work with quality partners, including Captive Review awardee Pinnacle Actuarial Resources, who provide pricing and feasibility analysis for our clients on an arm’s length, third party basis. Our Risk Distribution model uses a tried and tested quota share reinsurance treaty that all of our captives participate in, and our clients share in third party claims on an annual basis. In fact, we have paid more than $40 million in claims over the last ten years, a true testament to the value of risk management that has made a very significant contribution to the stability of America’s small business family. Following Avrahami and Reserve Mechanical decisions it is more important than ever for potential captive owners to understand how their captive’s risk transfer and distribution is accomplished.”
About Captive Alternatives
Captive Alternatives (CapAlt) is a leading consultancy helping business owners turn business risk into financial equity through the use of a Private Insurance Company™. CapAlt’s innovative business model, the Protected Captive®, helps business owners manage hidden risks, protect assets and reward themselves for effective risk management. CapAlt delivers sophisticated solutions through an industry-first Puerto Rico International Insurer, and manages operations from offices in Atlanta and Puerto Rico. For more information, visit captivealternatives.com.