IRMI Offers Captives and the Management of Risk to Explain Successful
Captive Management
Release Date: February 25, 2002
Contact: Contact Us
DALLAS�In this rapidly firming
marketplace, risk and insurance professionals are forced to take a hard
look at alternative risk financing programs, including captives. Dallas-based
International Risk Management Institute, Inc. (IRMI), is pleased to
announce its release of an important new book,
Captives and the Management of Risk,
designed to help newcomers and risk funding veterans alike understand
the pros and cons of captives and apply proven concepts for strategic
success.
This 200-page comprehensive book breaks down the complex topic of
captives, revealing the types of risk that can be handled by captives,
why captives can be effective, tax and accounting considerations, how
to determine if a captive is feasible, how to choose a domicile, and
how to manage and operate a captive. Captives
and the Management of Risk is valuable for covering the basics
for insurance and risk management novices, as well as refreshing veterans
on how these subjects relate to captive insurance.
Captives and the Management of Risk
is divided into 13 chapters including Insurable Risk, Managing Risk,
Financing Risk, Reducing Risk Financing Expenses, Financial Impact of
Captive Insurance, Forming a Captive, and Operating a Captive.
The author, Kathryn A. Westover, is well known for her knowledge
and management of captives. She is a graduate of Oxford University,
England, and has more than 15 years' experience specializing in alternative
risk transfer programs. Kathryn is President of Captive Advisory Services,
an Argonaut Group company, located in Colchester, VT. Jack Gibson, president
of IRMI, said, "Ms. Westover's analysis of captive issues and the marketplace
takes the perspective of those working within the regulatory environment
of the United States, and the guidelines and strategies she offers will
assure your success in managing, participating in, or recognizing whether
a captive is the best risk management option."
Captives and the Management of Risk
is available through IRMI by calling 800-827-4242 (in Dallas 972-960-7693)
or by visiting www.IRMI.com and
clicking on "Products and Services." The introductory price is $59.95.
Founded in 1978, International Risk Management Institute, Inc., (IRMI),
is a Dallas-based research and publishing organization specializing
in risk management and insurance reference manuals, books, and newsletters.
These references and the firm's website, IRMI.com, provide practical
strategies and tactics for insurance buyers, human resources professionals,
risk managers, agents, brokers, underwriters, claims adjusters, and
attorneys. IRMI is also the sponsor of the annual IRMI Construction
Risk Conference, which is the only national symposium devoted exclusively
to managing and insuring construction risks. Visit
www.IRMI.com, or call 1-800-827-4242
for more information.