7 December 2016USA analysis

Captive Resources to relocate global headquarters

Captive Resources (CRI) has purchased a new property in Itasca, Illinois and will relocate its world headquarters to there from Schaumburg, in the same State.

CRI provides advisory services to member-owned group captive insurers and other alternative risk facilities in the US.

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 new 1100 North 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 CEO, CRI will invest significant capital into the renovation of new property in order to make it a world-class headquarters facility.

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.”