“We could not have been more pleased with the outcome of our meetings with the Commissioner,” said Mark Jacobs, CEO of Captive Alternatives.
(PRWEB) December 19, 2016
Captive Alternatives (CapAlt), the insurance consultancy that pioneered the Protective Captive™ business model, announced today that they have secured permission from the Office of the Commissioner of Insurance of Puerto Rico to increase the number of their Protected Captive TM offerings to 2,000, allowing them to provide this innovative option to many more prospective clients.
“We could not have been more pleased with the outcome of our meetings with the Commissioner,” said Mark Jacobs, CEO of Captive Alternatives. “This increase gives us the opportunity to offer more business owners a unique risk management product designed to protect their business and their assets.”
A captive allows a business owner to create a formal, self-funded risk management program while obtaining adequate insurance coverage for ‘hidden’ business risks. CapAlt elected to consolidate operations of their captives in Puerto Rico because of the efficient, business friendly atmosphere, with a focus on serving U.S. clients seeking efficient and secure risk management.
“The Commissioner’s decision to allow CapAlt to increase our number of captive offerings is another example of the strength of our partnership,” stated Jacobs. “Puerto Rico’s growing insurance sector and CapAlt’s innovative products and services are positioned to offer clients sound alternative risk solutions.”
About Captive Alternatives
Captive Alternatives is a leading consultant helping business owners control their cost of risk through the use of captive insurance companies. CapAlt’s innovative business model, the Protected Captive™, helps owners manage hidden risks, transfer high exposure to third parties, and financially reward themselves for effective risk management. As a result of their Protected Captive™, our clients cover a wide variety of hidden exposures, and achieve all their strategic objectives – both corporate and personal. CapAlt delivers custom risk management solutions through an industry-first Puerto Rico International Insurer, and manages operations from their offices in Atlanta and Puerto Rico. For more information, visit http://www.captivealternatives.com.