IRMI Releases 2nd Edition of
Captives and the Management of Risk
Release Date: March 8, 2006
Contact: Contact Us
DALLAS—In today’s 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 the second edition of its book,
Captives and the Management of Risk,
an insightful guide to the captive insurance alternative.
Captives and the Management of Risk
is designed to help newcomers and risk funding veterans alike
understand the pros and cons of captives and apply proven concepts
for strategic success. This 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.
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 20 years’ experience specializing in
alternative risk transfer programs. Ms. Westover is vice president
of Innovative Captive Strategies, a captive consulting and
management firm, and has served as an adviser to the Washington,
D.C., Department of Insurance and Securities and is the Barbados
International Business Representative. Jack Gibson, president of
IRMI, said, “Ms. Westover’s analysis of captive issues and the
marketplace will help you recognize whether a captive is the best
risk management option, and show you what it takes to establish a
successful captive insurance company.”
Captives and the Management of Risk,
2nd ed., 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 price of the book in print is $62.