Caitlin Morgan Insurance Services (Carmel, IN), a leader in the development of specialty insurance programs and alternative risk solutions, announces the creation of Caitlin Morgan Captive Services (Christopher Murray, President of Caitlin Morgan Insurance Services, says "In addition to our traditional markets and guaranteed cost coverage placements, our firm has been providing alternative risk solutions to our agents and their policyholders for close to 25 years. This started with the creation of several workers' compensation pools for municipalities and continues today with the recent award of an "A" rating from Demotech on Midwest Insurance Group, our risk retention group for Indiana nursing homes and healthcare services."
Recognizing that agents needed education about captives as well as ease of access to risk transfer solutions, Caitlin Morgan helped organize a protected cell company, Constitution Insurance Company, in Tennessee in 2014. "Despite an overall lingering of a down cycle, there are segments that are currently experiencing a lack of capacity coverage or both, such as commercial auto and certain risks for workers' compensation. While we always had the capability to customize coverage and risk sharing, our new Captives Services business center is now devoted exclusively to this area".
Christopher Kramer, an insurance and alternative risk expert who has created captive solutions in the US and offshore, such as Bermuda, Barbados and Cayman, will lead the efforts of Caitlin Morgan Captive Services. "While our organization has historically had the expertise to provide alternative risk transfer solutions, the creation of Captive Services can now focus on educating the agent and policyholder on a variety of risk transfer options, including individual, group or program captives. We consider the agent a vital piece of the risk transfer puzzle and we will be announcing several new initiatives to help them be a success in offering captive solution to their clients, but in some cases, using captive solutions in their own organizations
About Caitlin Morgan Insurance Services
Caitlin Morgan Insurance Services (www.caitlin-morgan.com) assists independent agents in placing business and developing package programs for select industry niches, providing products in four core areas: Workers' Compensation Wholesale Brokerage, Healthcare Wholesale Brokerage, Captive Consulting and Management, and Alternative Risk Products.
About Caitlin Morgan Captive Services
Caitlin Morgan Captive Services (www.cmcaptives.com) is devoted to helping the insurance agency and brokerage industry develop, implement and manage captive and risk retention solutions. Constitution Insurance Company (www.constitutionins.com) is our protected cell company under which captive solution can be managed.