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FOR IMMEDIATE RELEASE
Contact: Sandra Duncan, Senior Vice President
CAPTIVE RESOURCES, LLC ANNOUNCES $2 BILLION IN CAPTIVE PREMIUM
Schaumburg, IL, March 30, 2017 — Captive Resources, LLC, a leading consultant to member-owned group captives, announced today that its affiliated captives have reached a combined premium volume exceeding $2 billion, doubling in less than five years. The company continues to see a very robust year over year growth in the captive insurance companies to which it consults.
“We attribute the continuing intense interest in group captive insurance to a strong economy, growing awareness among regional insurance brokers, and our vigorous educational initiatives for both prospective member-owners and their brokers,” said George Rusu, co-founder, Chairman and CEO of Captive Resources. “In addition, an increase in the number of homogeneous captives, has resulted in expansion into a wider variety of industries, and we’re also seeing an increase in the number of larger companies that generate higher premiums, exploring ownership in, and ultimately joining group captives.”
Nick Hentges, President of Captive Resources noted that “There are certain aspects to Captive Resources’ group captive model that are very attractive to potential member-owners, including a predictable collateral formula, strong dividend potential, the ability to close policy years in a timely manner, and excellent risk management resources which help members to reduce their losses and lower their premium.”
“The sustained growth in our core business continues to support our expansion into new areas and has allowed us to bring on captive-specific and other specialized talent to service our captive clients in more diverse ways,” added Hentges.
Captive Resources, LLC is an independent consulting company specializing in creating and overseeing the operations of member-owned group captives. It has no ownership interest in the captives it advises, which today number thirty-three with nearly 4,000 member companies.
For more information about Captive Resources, visit its website: www.captiveresources.com or contact Nick Hentges at NHentges@captiveresources.com.
Captive Consulting Firm Will Consolidate Properties and Relocate from Schaumburg
(Schaumburg, IL) — Captive Resources, LLC announced that it has purchased 1100 N. Arlington Heights Road, Itasca, IL and will relocate its world headquarters from Schaumburg, IL. Colliers International’s Chicago-based Office Advisory Group represented Captive Resources in the purchase; the transaction closed on November 21, 2016.
Captive Resources (CRI) provides advisory services to member-owned group captive insurance companies and other alternative risk facilities in the U.S. The company currently owns and occupies two Schaumburg properties at 201 East Commerce Drive and 55 East Commerce Drive. A consolidation of these two properties is planned and CRI will relocate all employees to the 1100 N. Arlington Heights Road property in the third quarter of 2017. The Schaumburg properties will be made available for sale leading up to the company’s relocation to Itasca.
According to George Rusu, the company’s Chairman and Chief Executive Officer, CRI will invest significant capital into the renovation of 1100 N. Arlington Heights Road in order to make it a world-class headquarters facility. Additional conferencing and training areas will be added, and the fitness and food facilities will be expanded. CRI will occupy approximately 100,000 square feet on the first four floors with third-party tenants occupying the remainder of the building.
Rusu added, “The 1100 N. Arlington Heights Road property presented an opportunity for Captive Resources to increase efficiencies with a consolidation, control growth, and also own a property at a very attractive operating cost relative to leasing.”
Originally constructed in 1999, 1100 N. Arlington Heights Road is a 150,000 square foot, six-story, Class A office property located on the northwest corner of Thorndale Road and Arlington Heights Road.
About Captive Resources
Captive Resources, LLC is an independent consulting company specializing in creating and overseeing the operations of alternative risk facilities including member-owned group captives, which today number thirty-one, with over 3,600 member companies and $1.9 billion in annual insurance premiums.
For more information about Captive Resources, visit its website: www.captiveresources.com or contact Nick Hentges, President at 847.879.2365.