Alterra Risk Management launches captive solutions

The captive industry has gained a new entrant, Alterra Risk Management, which extends simplified captive insurance solutions to small and mid-sized US firms.

The South Carolina-based company has been launched by industry veterans, with a team that is able to draw upon the expertise of “highly-qualified captive risk managers, actuaries, accountants, investment managers and attorneys.”

Alterra is aiming to shoot for the SME market, offering captives “streamlined” captive solutions that fit their particular needs. Significant growth has been achieved in the SME captive market in recent years and Alterra can expect to tap into this growing area.