Alterra Risk Management provides captive solutions for mid-market firms
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Alterra Risk Management L.L.C., an independent captive solutions provider for the mid-market, has started operations.
The firm was formed by a group of insurance industry veterans to provide a simplified approach to captive insurance for small- to middle-market companies, the company announced in a statement Tuesday.
Companies will be able to optimize insurance coverage needs, control risks, reduce insurance costs, and retain underwriting profits and investment income by using Alterra's captive solution, according to the statement.
“At Alterra, we are committed to offering our clients a streamlined captive solution,” Scott Gorman, Alterra's executive vice president of business development and co-founder, said in the statement. “Our programs simplify the entire captive process. We make the transition from commercial insurance to a captive solution seamless for our clients. Our customers can stay focused on their businesses, while we handle their captive risk management platforms and deliver profitable results back to them.”
Alterra offers solutions that allow more businesses to partner with commercial insurers and share profits generated from favorable loss experience and cost savings, Alterra said in the statement.
