USA Risk Group Blog & News

Jack Meskunas is the Executive Director for Investments at Oppenheimer & Co. Inc. He started in the investment industry in 1989 and began managing money for captives in 1991.  He has always focused primarily on offshore captives, but does work with domestic captives too.  During June 2020, he completed his ACI® Certification Program which he says has given him an even greater understanding—and appreciation—for what captives and captive managers do.

Paul Macey, president at USA Risk Group, tells us how life has changed since the Cayman Islands went into lockdown as a result of the COVID-19 pandemic. He talks to us about his daily routine while working from home, the positive and negative impacts of this change and his opinion on what lies ahead for the captive insurance industry. He has have over 40 years of experience in the insurance industry; the last 30 of which have been in Cayman, managing all forms of insurance and reinsurance companies.

George Town, Grand Cayman, May 17, 2019 – USA Risk Group, a leading independent captive management firm, announced today that the senior management team has completed a management buyout from Spencer Capital Holdings. The buyout will include operations from all captive jurisdictions USA Risk Group currently operates in. The existing management team will remain in place to manage all current and new clients.

With less than two weeks to go, the USA Risk Group team is looking forward to attending the 2018 VCIA Annual Conference in Burlington, Vermont. There's still time to register for this captive industry event where all the key players will be going.

Change is coming. Following one of the most disruptive and costly natural catastrophe seasons in history last year, insurance buyers will likely experience rate increases for 2018. Risk managers and brokers can prepare by knowing the rate ceiling for a company, developing an up-to-date risk profile to present to carriers at renewal and evaluating alternative risk transfer options.