Captives need better advice from their service providers: Hylant’s Towle
Anne Marie Towle takes up new role
Hylant has unveiled a new business called global captive solutions, led by Anne Marie Towle, as it diversifies into the alternative risk financing business.
Towle’s team leads clients – from bevel makers to microbreweries – through a three-step process. In the feasibility analysis stage the client’s risks and coverage are assessed, and a new customised solution is designed. If alternative risk financing is deemed appropriate this is implemented in the next stage, with the team committing to a business plan, choosing service providers and meeting with regulators.
Finally, after regulatory approval, the team remains an active partner in the management and operations of the client, overseeing any compliance, financial and underwriting needs.
Towle said Hylant is going after market share where it believes competitors are falling down. “There are many great captive managers in the industry that handle the day-to-day accounting and manage the compliance regulatory process, but they fall down a little bit on the ongoing strategic advice and delivery,” she said. “That’s one of our main goals, to have a seamless team from the conception to maturity of a captive.”
Hylant, Anne Marie Towle