Sinclair Risk & Financial Management Becomes a Member of Vermont Captive Insurance Association

Wallingford, CT (PRWEB) September 13, 2012

Sinclair Risk & Financial Management (SRFM) is pleased to announced that it has become a member of the Vermont Captive Insurance Association (VCIA). Sinclair is one of the largest independent insurance agencies in Connecticut and one of the largest nationwide with 60 employees at its headquarters in Wallingford and hub offices in Norwalk and Chester; Springfield, Massachusetts; and Naples, Florida. The VCIA is the largest trade association for captive insurance in the world, providing lobbying support on both the state and federal levels for its nearly 500 member companies.

“We built our reputation on providing clients with solutions that go beyond traditional insurance programs,” said David Sinclair, president of Sinclair Risk & Financial Management. “This includes implementing alternative solutions that are in line with their company objectives and needs. One such solution that makes sense for some companies and high net worth individuals is the establishment of a captive. We’ve invested a great deal of resources in developing our expertise in setting up captives</a>. As a result, we’ve become an important resource within the industry and for our clients. Joining the VCIA allows us to affect change regarding legislation and keep our pulse on trends and key issues impacting this emerging industry,” said Mr. Sinclair.

There are different types of captives: A “pure” or single-parent captive is a captive insurance company whose insurance operations extends only its parent and affiliated companies. A “homogeneous” captive is a captive insurance company whose insurance operations are limited to a single industry (for example, energy or manufacturing). A “heterogeneous” or association captive is a captive insurance company that insures a diverse group of companies. Other types of captives, such as agency or protected cell captives, also exist—all of them serving to make insurance protection more economical, improve cash flow, and provide more control over risks of doing business. Sinclair has developed captives from scratch that are extremely profitable for its clients and membership – from the beginning steps through the analytical stage through the issuance of coverage.

About Sinclair

Founded in 1971, Sinclair provides its clientele with insurance and alternative risk-transfer strategies, risk management, loss control, claims management, financial consulting, and human resource management. Sinclair's comprehensive, consultative approach to risk is part of everything the firm does – whether it’s implementing insurance programs and employee benefits for companies, or providing coverages to families and individuals. Their goal is to put in place programs, services, and tools that preserve company and individual assets while helping to improve profitability. For more information, please visit http://www.srfm.com.

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