Innovative Captive Strategies (ICS) has expanded its captive insurance capabilities by acquiring Aceterrus Insurance Resources of Bigfork, Montana.
Aceterrus is the premier independent captive management firm based in the Northwest US and provides risk consulting, licensing and administrative services for clients throughout North America. The transaction closed effective June 10, 2015.
Aceterrus Insurance Resources will operate as a subsidiary of Innovative Captive Strategies, reporting to Tom Stewart, President. The Aceterrus office and team members will remain intact, led by Brenda (Olson) Ash, Vice President, Consulting.
"With ICS, our clients gain access to a wealth of risk experts and resources aimed at improving efficiencies while taking control of risk," says 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."
"The Aceterrus team rounds out our captive consulting and management capabilities," stated Tom Stewart, ICS President. "Montana presents many opportunities with over 200 licensed captive entities, making it one of the top five domestic domiciles for captives."
Innovative Captive Strategies (ICS) was established in 1999 to create progressive insurance solutions that allow companies to take control of risk.