Innovative Captive Strategies and Innovative Program Solutions Introduce CaptiveXS

Innovative Captive Strategies (ICS) has joined forces with Innovative Program Solutions (IPS) to unveil CaptiveXS, a tailored excess umbrella insurance initiative designed to empower ICS captive clients amidst escalating insurance expenses and the unpredictable excess and umbrella insurance landscape.

This innovative product capitalizes on the risk management strategies employed by ICS captive members, presenting a cost-efficient alternative to conventional insurance coverage.

IPS is set to function as the comprehensive programme administrator, leveraging its extensive industry expertise to ensure the programme’s success. Partnering with them, SiriusPoint, a Bermuda-based global specialty reinsurer, will serve as the carrier partner, bringing their renowned expertise to the table.

Moreover, Creative Risk Solutions (CRS), an enduring partner of ICS, has been appointed as the third-party administrator for the programme.

According to Stephani Manning, the president of ICS, “The excess/umbrella market has presented considerable hurdles for our broker partners and group captive clients. Our ICS members consistently outperform the traditional market, owing to their unwavering dedication to proactive risk management. This dedication has enabled our partner IPS to craft a valuable solution that competes effectively with existing programme limits while offering competitive pricing.”

Tim Anders, the president of IPS, shares the excitement, stating, “We are thrilled to launch this programme alongside SiriusPoint, as they bring a wealth of experience, a proven track record, and a talented team to this partnership. The collaboration between IPS, SiriusPoint, and ICS will yield solutions for our top-notch brokerage partners and quality-driven, risk-conscious insureds.”