We’re always busy at Captive Resources (CRI)… but at present, we’re very busy. In addition to assisting all of our client captives just as we always do (all 35 of them!), we’re working on several enhancements to our own business – like the Information Systems upgrades we told you about last quarter – some of the benefits of which will ultimately flow to you, our broker partners, and your captive member clients.
We also continually look for opportunities for viable new captives and to offer our existing client captives, new and innovative ways to improve operations – for both the captives and for the members’ companies. A few of these past innovations include the development of an investment fund, which provides investment opportunities to address the unique needs of group captives; tail funds which assist the captives in the timely and efficient disposition of liabilities on older underwriting years; the Risk Control Assessment (RCA), an in-depth risk control best practices rating tool used to identify members’ risk control strengths and weaknesses; and the formation of CRI’s joint venture with The McGowan Companies, Broker Resources Insurance Services, LLC, a wholesale broker dedicated to Umbrella\Excess\Buffer and Cyber placements for group captive member-insureds working with CRI.
Download a PDF of the full article to find out what other projects we're working on at CRI.