Innovative Captive Strategies
Innovative Captive Strategies’s purchase of Aceterrus Insurance Resources is a sign of yet more growth in the captive management sector
Innovative Captive Strategies (ICS) recently expanded its captive insurance capabilities by acquiring Aceterrus Insurance Resources of Bigfork, Montana.
Aceterrus is an independent captive management firm based in the Northwest US and provides risk consulting, licensing and administrative services for clients throughout North America. The transaction closed effective 10 June.
The firm will operate as a subsidiary of ICS, reporting to company president Tom Stewart. The Aceterrus office and team members will remain intact, led by Brenda Ash, vice president of consulting.
At the time of the acquisition, Ash commented: “With ICS, our clients gain access to a wealth of risk experts and resources aimed at improving efficiencies while taking control of risk.”
Stewart added: “The Aceterrus team rounds out our captive consulting and management capabilities. Montana presents many opportunities with over 200 licensed captive entities, making it one of the top five domestic domiciles for captives.”
Stewart goes into more detail, and reveals what ICS is planning in the future.
What were your motivations for acquiring Aceterrus? Why did you choose to extend your footprint in captives now?
ICS started in 1999 by focusing on group captive programmes, subsequently expanding into new niches within the captive industry. Recently, we’ve looked at opportunities to round out our captive consulting and management capabilities.
Partnering with Aceterrus gives us the ability to promote a domicile where we will be the largest manager in the state.
Montana currently has more than 200 captives and series business units, making it a top-five domestic domicile for captives. It also allows us to perform additional accounting and domicile management for other domiciles, which helps us grow our captive practice.
How will the acquisition benefit your clients? What about current Aceterrus clients?
ICS clients will gain a new option for accounting and domicile management, along with additional consulting expertise which Aceterrus offers. Aceterrus clients will benefit from access to a wealth of risk experts, resources, and programmes aimed at improving efficiencies while taking control of risk.
In addition to property/casualty captive solutions, ICS brings significant employee benefit captive expertise for Aceterrus clients.
What sort of expertise does the Aceterrus team bring to the table?
The Aceterrus team has 100+ combined years of captive experience providing risk consulting, licensing and administrative services for captives, risk retention groups, protected cells, and series limited liability company clients insuring exposures throughout North America.
They are Montana’s largest captive management firm and have built strong client relationships by delivering proven risk management and financing solutions while putting people first.
Our two company philosophies align perfectly in this regard, making Aceterrus a natural fit with ICS.
