Becher Carlson snaps up RiskCap
Captive management firm Beecher Carlson Holdings, has bought leading risk management and captive formation specialists RiskCap for an undisclosed sum. 16/08/2004
Headquartered in Denver with operations in Honolulu and the Cayman Islands, RiskCap was founded in 1976 by Michael Murphy and has 36 employees.
The company currently manages over 32 captive programmes and has expertise both in multi-owner captives and risk retention groups.
“We are delighted to be joining forces with Michael Murphy and his colleagues at RiskCap,??? said Beecher Carlson Chief Executive Officer Tom Golub.
Golub added that RiskCap’s areas of excellence will act as a complement to Beecher Carlson’s expertise in managing single parent captives.
“We look forward to working closely with his team at RiskCap to further strengthen our position in the alternative risk marketplace,??? he added.
Michael Murphy, RiskCap President, said he was enthusiastic about the potential for expansion the new deal gave both companies.
“I have long felt that Beecher Carlson represents the ‘best in class’ in the captive industry,??? Murphy said.
“We at RiskCap are delighted and flattered to be part of this dynamic company’s future,??? he added.