Strategic Risk Solutions (“SRS”) is a leading independent captive management firm. The firm was founded in 1993 and has been independently owned by senior management since 2002. SRS currently has over 100 management clients from all sectors underwriting a wide variety of coverages for their owners.

With offices in Arizona, Bermuda, Cayman Islands, South Carolina, Vermont and Boston, SRS is staffed onshore and offshore to meet our clients’ alternative risk financing needs.

SRS has experience in managing all types of captive facilities including Single Parent Captives, Group Captives, Risk Retention Groups, Segregated Cell – Sponsored Captives, Branch Captives, Not-For-Profit Captives and Special Purpose Captives.

We have clients in all sectors including transportation, manufacturing, retail, healthcare, energy, professional services industries.

Differentiators

There are seven factors which differentiate SRS from other captive managers.

	Technical depth and expertise – we provide a range of value added services and technical expertise that are unmatched by other independent captive managers.
	One firm approach - We pride ourselves on pulling in resources from our entire firm or even externally if a client problem demands it. We are used to working across offices and disciplines and have a one firm culture and operating model.
	Multiple Domiciles - We seek to provide our captives with the option of multiple onshore and offshore domiciles. Our approach is to remain domicile neutral and allow our clients to domicile in the territories that are most appropriate for their captives.
	Customized Solutions - Because many of our staff has a background as consultants, we look at each situation and client as a unique opportunity or challenge. We avoid off the shelf products or solutions or trying to fit a client’s problem into a preconceived idea or product.
	Independence and focus - Our independent ownership structure removes any conflicts of interest with commercial market solutions. Captive management is our core business. This independent and dedicated approach means that our services are driven solely by the best interests of our captive clients
	Flat organization and experienced staff - We have made a conscious decision to recruit and retain experienced staff. As such our clients are not “guinea pigs” for someone learning on the job and we have low staff turnover.
	Life cycle approach - We take a lifecycle approach to creating, managing and growing captive solutions. SRS services are provided throughout the lifecycle from accounting, to underwriting and loss control.

When we are asked to take over existing captives to improve or supplement the pure accounting service provided by other managers, we have heard again and again that we provide more in-depth analysis and high quality technical support than other managers or consultants. This has been validated by captive regulators in various domiciles who have commented on the depth and content of our applications and business plans that support new captive applications. Insurance examiners and regulators give us very high marks on meeting reporting deadlines and having our client files in order when they conduct periodic exams.

SRS takes an active role in listening to our clients and seeking evaluations of services we provide. We conduct a formal annual survey asking all our clients for feedback. The most recent survey was returned with an overall score of “4.78” (5 being “very satisfied” and 1 being “very dis-satisfied”). In no individual question did a response rate below a “4”.

We are committed to providing the highest quality service to our clients. This commitment to quality service is evidenced by:

Our experienced personnel.

A formal peer review process.

Annual stewardship reports.

Captive Management Accounting and Financial Statements

SRS provides accurate and timely accounting reports including financial statements, notes to the financial statements, work paper support and annual reports in accordance with domicile regulatory and client requirements. Our standard captive management services also include policy issuance, providing ratio analyses, comparisons to budgets, data collection and warehousing and vendor oversight.

Captive Consulting and Program Management Services

SRS provides consulting and program management services in support of its captive management services. The SRS consulting team is made up of individuals that have strong financial, insurance and analytical skills and extensive experience in advising clients on various matters related to the formation and operation of captive insurance companies. Our consulting services include feasibility analysis, program management, underwriting, loss analysis and strategic reviews.

This virtual structure of a captive usually involves a number of different parties, and communication on these programs can become complicated. SRS uses interactive web-based software to create extranets for each of its captive accounts. This provides smooth communication and the efficient operation of our captive and risk retention group clients

Practice Groups

SRS has three firm-wide practice groups to co-ordinate services provided to clients and to be at the forefront of the latest developments in these areas.

Risk Retention Groups: Our Risk Retention Group Practice tracks RRG activity at the Federal, NAIC and state level to proactively advise our RRG clients of industry developments. The team also handles the filing requirements of each state. Our team has over 50 years of RRG experience, including participation in the NAIC Risk Retention Group Handbook Working Group, the RRG Corporate Governance Task Force and the RRG (E) Task Force.

Employee Benefits: Our Employee Benefits Practice increases our focus on the use of captives for health insurance and employee benefits. SRS is a pioneer in using captives to insure employee benefits, having consulted on the Columbia Energy captive, the first captive approved to insure ERISA benefits.

Healthcare Practice: The Healthcare Practice co-ordinates services provided to clients in the Healthcare industry regardless of domicile and captive structure. The Healthcare industry represents an important and growing sector of our business. Our industry leading healthcare team has worked with over 100 healthcare captives and is experienced in forms of captive and funding structures.

For more information, visit our website at: www.strategicrisks.com

November 20.2009: Using Group Captives for Health Insurance by Jeff Fitzgerald. While the P/C market continues to create innovative single parent and group captive programs, the use of captives to insure accident and health risks has been limited. There have been less than 20 single parent health insurance programs established in the past 10 years. The cost of health insurance rises every year while the P/C market remains soft. Mid-size employers (more than 50 employees but less than 1,000) are most affected by health insurance increases and often unaware of alternatives. There is increasing interest from midsize employers to proactively address their health insurance costs. Could a captive be the answer? [Download full article]

Webinars: SRS is an industry leader in providing education to clients, brokers, consultants, regulators and other industry professionals. Our goal is to hold a webinar a month. These one hour sessions cover topics of interest which include domicile reviews, investment strategies, actuarial processes, tax updates and current topics of interest to our clients and associates. These sessions are offered as a service to our industry with no charge to participants.

Recordings of our webinars can be viewed at www.strategicrisks.com/webinars.php

SRS Insight Newsletter on issues affecting today’s captives: Quarterly, SRS produces a newsletter featuring issues affecting today’s captives. This is just another example of our dedication to providing communication to our clients and industry professionals.

Recent newsletters can be viewed at: www.strategicrisks.com/news.php