Archives for "December, 2009"
Real Estate Management Firms Look to Captives for Regulatory Purposes
We have been receiving many calls from real estate management companies interested in forming captives for two reasons. As managers of property, these entities create a new revenue source by offering insurance to its occupants through the use of a captive. It’s a win-win proposition for the real estate management company and the tenant in that the coverage is specifically tailored to the needs of both entities and the real estate management company can offer a one-stop shop, while easing the hassle of finding and purchasing affordable insurance by the tenant.
Authors
Jeff, a Certified Public Accountant since 1990, has over 19 years experience in the captive insurance industry. Jeff has had experience working for a large broker, a self-managed captive insurance company and for the past 10 years has focused the majority of his time in the creation and formation of captive arrangements ranging from single parents to sponsored facilities to risk retention groups. He is an active participant with the Vermont Captive Insurance Association and other industry associations and has also spoken at several industry conferences. He has been a member of the VCIA’s legislative committee for the past 10 years. He is a graduate of the University of Vermont with a degree in Business Administration.
Gary, a Scottish Chartered Accountant, presides over the entire USA Risk Group family. He develops innovative alternative and traditional risk strategies and programs for clients and prospects of USA Risk Group. With over nineteen years of experience in the alternative market, he has been involved in the establishment of numerous single parent captives, association captives, risk retention groups, and traditional group insurance programs. He has also spoken at several national industry conferences, served on the NRRA membership committee, and was Treasurer of the Hawaii Captive Insurance Council. He currently serves on the Legislative Committee of the Vermont Captive Insurance Association and serves as a faculty member for the International Center for Captive Insurance Education.
