About This Blog
USA Risk Group of Vermont, Inc. (“USAVT”), was established in Vermont in 1981 by H. Lincoln (“Linc”) Miller Jr. USA Risk Group now includes captive operations in Vermont, South Carolina, Arizona, Nevada, New York, Bermuda, Barbados, British Virgin Islands and Grand Cayman, managing captives in 16 different domiciles, as well as a reinsurance intermediary
operation in Greenville, South Carolina. All companies under the USA Risk Group umbrella are owned by Linc’s family and various key employees. We believe that, as an independent company, not owned by a broker, insurance company or bank, we can provide a superior, objective service to our clients without any conflict of interest.
1 Response
In response to Jeff kenneson’s comments on independant captive managers being acquired by broker-owned managers. Yes, several independants have been acquired recently however, each situation has significant differences. Artex’s acquisition of champlain is an excellent example of a win-win situation for each party and especially benefits the clients because of the increased strength and stability offered by Artex. In the case of Artex, yes we are owned by a broker (Arthur J. Gallagher) however, we do operate with a significant amount of independance. More than 75% of Artex business is placed with Artex by brokers not affiliated with our parent company. Furthur, AJG&Co places no internal mandate (unlike other broker owned managers) that their own brokers use their own captive managers. The focus within Gallagher has always been on complete objectivity in favor of what’s best for a particular client – above al else. This operational autonomy makes for the best of both worlds for a client; operate just like an independant but with the added financial stability and market strength associated with a larger organization.