8 July 2015USA analysis

ICS boosts captive capabilities with acquisition

Innovative Captive Strategies (ICS) has strengthened its captive insurance capabilities with the acquisition of Montana-based Aceterrus Insurance Resources.

The captive manager provides risk consulting, licensing and administrative services for clients throughout North America.

Aceterrus will operate as a subsidiary of ICS, reporting to Tom Stewart, president of ICS. The Aceterrus office and team members will be retained and led by Brenda Ash, vice president of consulting.

"With ICS, our clients gain access to a wealth of risk experts and resources aimed at improving efficiencies while taking control of risk," said Ash.

“In responding to how Aceterrus became Montana's largest captive management firm, she explains "Our proven ability to implement effective risk management and risk financing solutions while putting people first led to our success across many client industries. ICS's philosophy is a perfect match, ensuring that clients will continue to receive top-notch service."

Stewart added: “The Aceterrus team rounds out our captive consulting and management capabilities. Montana presents many opportunities with over 200 licensed captive entities, making it one of the top five domestic domiciles for captives."