Safe Harbor Team
Fronting/ Pooling
Insurance Fronting and or Pooling can be a very significant cost of a Captive Insurance Company.
Safe Harbor Risk Advisors is a strategic partner with one of the leading risk management groups in the captive insurance industry.
Captive Management
Safe Harbor Risk Advisors is a strategic partner with The Taft Companies, LLC. Independent and creative The Taft Companies are captive managers, an alternative risk consulting group providing coverage design and funding feasibility studies, captive formation, management and reinsurance services. The Taft Companies, LLC maintain offices in Maryland, Montana, South Carolina and Washington D.C.
The Taft Companies are well respected among State Regulators, insurers, industry associations and clients. Several Taft principles serve on the board of directors of the Self-Insurance Council of the District of Columbia, the Montana Captive Insurance Association, and the South Carolina Captive Association. They serve as an approved service provider for the bureau of Captive and Financial Insurance Products for the state of Delaware and also serve as the Chairman of the American Risk Retention Coalition.
Actuarial Firms
Safe Harbor Risk Advisors is a strategic partner with The Bartlett Actuarial Group, Ltd. (Bartlett). Bartlett is a property and casualty actuarial consulting firm servicing corporate and non-profit clients, as well as state governments. Bartlett works with Captive Insurance Companies and Risk Retention Groups domiciled in Arizona, Washington D.C., Delaware, Hawaii, Kentucky, Montana, Nevada, South Carolina, Tennessee, Utah, Vermont as well as a number of offshore domiciles.
The actuary’s role is to help ensure the financial stability of the insurance captive program. Actuaries assist with designing products, pricing coverage and insuring that reserves and capital levels are both adequate and reasonable. Bartlett develops the mathematical models and performs the financial analysis that helps clients quantify, evaluate and manage costs associated with their risk exposure. They also assist regulatory entities with the financial condition examinations of insurance operations, both traditional and alternative risk transfer programs.
Audit Firm
Safe Harbor Risk Advisors audit partners are among the regions oldest public accounting firms. Their captive client list includes some of the country’s most prominent Fortune 500 companies. They represent a broad cross section of industries including manufacturing, high-tech, media and communications, transportation, healthcare, retail, construction, financial services, energy, agriculture, real estate, pharmaceutical, professional athletes, entertainers and consumer products.
Safe Harbor risk advisors bring together the right partners, with expertise where it matters most. We deliver the highest possible degree of long-term success for your captive insurance company.
Tax Counsel
Safe Harbor Risk Advisors utilizes the Tax Counsel Services of Kevin M. Doherty, Esq. of Nelson Mullins Riley & Scarborough LLP. Of Nashville Tennessee.
Kevin Doherty is a partner in Nelson Mullins Riley & Scarborough’s Nashville office. His practice focuses on insurance regulatory law, with particular emphasis on captives, risk retention groups, self-insurance funds, and other alternative insurance vehicles, Kevin helped to rewrite the captive insurance law in Tennessee in 2011. He also handles insurance transactions, including purchases and sales of insurance-related entities and regulatory filings. Kevin also practices entertainment law and represents recording artists, publishers, songwriters, and music-related companies.
Additionally, Safe Harbor Risk Advisors also utilize the expertise of Charles J. Lavelle, Esq. of Bingham, Greenebaum, Doll LLP of Louisville Kentucky.
Charles Lavelle (Chaz) is a member of the Tax and Finance Practice Group at Bingham Greenebaum Doll LLP. He currently serves as Chair of the firms Federal Tax Team and its Insurance Industry Team. He is primarily engaged in federal tax controversy work, but also has an emphasis on the formation, operation and taxation of captive insurance companies. He has resolved scores of cases with the IRS or in the courts relating to federal income, gift and estate taxes, penalties and interest. Chaz also counsels clients in tax planning, particularly for captive insurance companies and their owners.
Legal Counsel
Safe Harbor Risk Advisors utilize the legal expertise of Jeffery K. Simpson, Esq. of Gordon, Fournaris & Mammarella, P.A. of Wilmington Delaware.
Jeffery K. Simpson focuses on the formation, regulation and governance of captive insurance companies. He is a founder and director of the Delaware Captive Insurance Association. He chaired and continues to serve on the committee that drafted Delaware’s updated captive insurance statute in 2005. He is active in captive insurance industry associations and frequently speaks on captive insurance topics Jeff also has extensive experience as outside counsel for small and medium size businesses. He assists clients with all matters in lifecycle of a business, including formation, financing, contracts, employment and strategic planning. His experience as an entrepreneur gives him a uniquely practical perspective in advising business clients.
Gordon, Fournaris & Mammarella, P.A. can help clients with all aspects of the implementation and operation of captive insurance companies and can provide advice and assistance with domicile and entity choice, formation, licensing, compliance with statutory requirements, maintenance of books and records and representation before regulatory authorities.
Risk Analysis
Risk International is an independent risk management services group for Fortune 500 and mid-market enterprises. Risk International provides fully integrated program of outsourced risk management services including risk management, claims recovery, mitigation, workers’ compensation cost control, benefits advisory and financial management information systems.
Risk International professionals have been engaged by companies around the world to manage their complex risk management situations. Virtually every risk management skill is represented by this group. Together these risk management professionals offer world-class expertise, creative thinking and a get-your-hands-dirty approach to helping companies optimize total cost of risk using an industry jarring, no-commission, fee for service business model.
Safe Harbor Risk Advisors highly recommends getting an un-biased, third party, risk report as part of your overall compliance and arms-length, IRS, compliance and credibility.