Captive Resources hits $1bn milestone
A consultant to member-owned group captives has seen its affiliated captives reach combined premium exceeding $1bn.
More than $220m of new premium has been added to Captive Resources’ captives in the last two years.
“The growth in our core business has enabled our continued expansion into new areas to meet the varied needs of our clients, including 831(b) captives and health care stop loss insurance, and will support additional strategic initiatives in the future,” said George Rusu, co-founder, chairman and CEO of Captive Resources.
Rusu partially attributed the company’s growth to the improving economy as existing member companies began to hire again and expand operations. He also cited more favourable credit markets, but said that the majority has come from the addition of new captive members.