USA Risk Group, an independent captive management firm, is to open a new office in Nashville, Tennessee.
The group was involved in the re-write of captive regulations and re-launch of the Tennessee domicile and was a founding member of the Tennessee Captive Insurance Association.
The opening of a Tennessee office has been under consideration for some time, according to the group, given the momentum that the domicile has achieved since the passing of its reworked captive law in 2011.
Group president Gary Osborne noted that the missing step had been finding the right person for the Nashville office and added, “We are delighted that Scott Stone, a long time senior staff member in our Vermont office has agreed to head up our Nashville operation and will be in Tennessee from 6 August.”
Osborne added: “Stone brings many years of captive and risk retention group experience and enthusiasm to our Tennessee operation. We are already managing four captives in the domicile and we see a great growth opportunity for both USA Risk and Tennessee with Stone in place.”
