Business Details
Your Trusted Partner for Captive Insurance Solutions
Risk Services stands as a pioneering force in the alternative insurance market, delivering innovative solutions since the inception of Vermont's first captive domicile legislation. As one of the largest and most experienced captive managers in the United States, we specialize in designing and administering customized captive programs that integrate opportunities from both alternative and traditional insurance markets. Our team of seasoned professionals provides comprehensive services, including captive formation, financial reporting, regulatory compliance, and reinsurance intermediation, ensuring clients achieve optimal risk-financing strategies.With a proven track record of success, we have established trusted relationships with A-rated carriers and regulatory bodies across onshore and offshore jurisdictions. Our commitment to excellence is reflected in our client retention, with partnerships spanning over three decades, and our ability to transform complex insurance challenges into tailored, workable solutions. By prioritizing flexibility and client-centric service models, we empower businesses to navigate the intricate landscape of alternative risk transfer with confidence and clarity.
Services
Captive Management
Policyholder Services
Reinsurance Placement
Formation & Licensing
Financial Reporting
Regulatory Compliance
Underwriting Services
Risk Retention Groups
Multi-State Registration
Premium Tax Filings
Highlights and features
- We offer over 30 years of experience in captive insurance management.
- Our customized solutions combine alternative and traditional insurance markets.
- Recognized expertise in accounting, regulatory compliance, and reinsurance.
- Proven track record in creating alternative insurance programs.
- Strategic offices across the U.S. and offshore for comprehensive support.
What people say
Second to none
Excellent customer service
Proactive and organized
Crucial in our success
Industry-revered expertise
Services
Captive Management
We provide comprehensive captive management services including financial reporting, regulatory compliance, and day-to-day operations for onshore and offshore domiciles. Our team ensures adherence to statutory requirements while optimizing risk-financing strategies. With expertise in over 100 managed facilities, we deliver tailored solutions that enhance client control over insurance costs and risk exposure.
Risk Retention Groups
Specializing in Risk Retention Group creation and management, we guide clients through 50-state registrations and compliance frameworks. Our services include policyholder management, premium tax filings, and reinsurance placement. We leverage industry relationships to secure A-rated paper while maintaining cost-effective structures for homogeneous liability risks.
Reinsurance Intermediary
As a licensed reinsurance intermediary in all 50 states and Bermuda, we negotiate optimal reinsurance arrangements for captive clients. Our dual role as manager and broker ensures continuity and market confidence, accessing both domestic and London markets through strategic partnerships to secure competitive terms and capacity.
Formation & Licensing
We facilitate captive formation from conceptual analysis through regulatory approval, including business plan development and domicile selection. Our team coordinates with attorneys and actuaries to create compliant structures while navigating multi-jurisdictional requirements for seamless market entry.
Regulatory Compliance
Our dedicated compliance team ensures adherence to evolving insurance regulations across jurisdictions. Services include premium tax filings, NAIC reporting, and audit coordination. We maintain relationships with regulatory bodies to proactively address compliance challenges and minimize operational disruptions for clients.
Questions
What are Risk Retention Groups (RRGs)?
Risk Retention Groups are captive insurance companies owned by their insureds, authorized to underwrite homogeneous liability risks of their members while offering regulatory and financial advantages.
What services does Risk Services offer?
We provide captive management, policyholder services, reinsurance intermediation, formation/licensing, financial reporting, regulatory compliance, underwriting, and multi-state registration for alternative insurance programs.
How does Risk Services help navigate alternative insurance markets?
Our expertise identifies viable options from complex alternatives, streamlining formation processes and leveraging relationships with A-rated carriers and regulators globally.
What industries do you serve?
We support diverse sectors including healthcare, transportation, senior care, and professional services through customized risk-financing solutions.
How long has Risk Services been in operation?
Since the early days of Vermont's captive insurance legislation in the 1980s, with client relationships spanning over three decades.
