At Imprise Financial, our goal is to help you add certainty to your risk, reduce your expenses, and enhance your long-term financial position. In many cases, a well-structured captive insurance program is the most efficient and effective way to achieve those goals. The Fortune 500 have been using captive insurance to meet similar needs for many years. Our enterprise risk program makes captive insurance accessible to the middle market.
Captive insurance traces its roots to Frederic Reiss, a property manager from Youngstown, Ohio, who coined the term “captive insurance” in 1955 and founded the first captive insurance company (domiciled in Bermuda) in 1962. Since then, the captive insurance market has grown significantly and become very popular. According to the AM Best Captive Center, there are over 7,000 captives worldwide today. Each captive insurance company is unique based upon the risks insured and the long-term goals of the program.
We have leveraged our experience and technology to ensure that captive insurance is no longer just for the Fortune 500. Our enterprise risk captive insurance program provides a turn-key solution for middle market business looking to take advantage of all the benefits that captive insurance has to offer. Contact us today to learn more.