Innovative Captive Strategies Partners with Innovative Program Solutions to Launch CaptiveXS

New Excess Umbrella Program to Help ICS Captive Clients Navigate Rising Insurance Costs

As businesses face continued challenges with skyrocketing excess and umbrella insurance costs, Innovative Captive Strategies (ICS), a leader in captive insurance consulting and management, has announced a strategic partnership with Innovative Program Solutions (IPS), a full-service Managing General Agent (MGA). The partnership includes the launch of CaptiveXS, a specialized umbrella excess insurance product designed exclusively for ICS captive clients.

CaptiveXS was developed in response to the volatility in the excess/umbrella market, which has left many organizations struggling with cost uncertainty and limited coverage options. By leveraging the superior risk management and safety track records of ICS captive members, CaptiveXS delivers a sustainable, cost-effective alternative to the traditional insurance market for captive members.

“The excess/umbrella market has posed significant challenges for our broker partners and group captive clients,” said Stephani Manning, President of ICS. “ICS captive members continue to outperform the traditional market due to their commitment to proactive risk management. This has allowed our partner IPS to create a valuable solution to compete with existing program limits and offer competitive pricing.”

The CaptiveXS program brings together industry-leading expertise with IPS serving as the full-service program administrator. SiriusPoint Ltd., a global specialty insurer and reinsurer based in Bermuda, serves as the carrier partner, and Creative Risk Solutions (CRS) is the program’s third-party administrator (TPA) and a long-term ICS partner.

“Excess/umbrella coverage is a critical need. Many brokers are forced to find ways to get creative to keep costs reasonable as premiums continue to rise,” said Tim Anders, President of IPS. “We are excited to launch this program with SiriusPoint as they bring a wealth of expertise, a proven track-record, and a talented team into this partnership. The collaboration between IPS, SiriusPoint, and ICS will deliver solutions for our best-in-class brokerage partners and high-quality, risk-aware insureds.”

“With CaptiveXS and IPS, our ICS team continues our mission of delivering innovative solutions that put control back into the hands of businesses, ensuring greater financial stability and insurance cost predictability,” said Manning.

For more information about CaptiveXS and the benefits for ICS captive insurance clients, email CaptiveXS@innovativeprograms.com.

About Innovative Captive Strategies

Since 1999, Innovative Captive Strategies (ICS) has been doing business boldly by doing business right. As a captive insurance consultant, ICS specializes in alternative solutions that enhance control, stability and opportunity with clients and insurance brokers.  At ICS, we pride ourselves on creating captives with a dedicated model. That means our insurance captives have highly vetted best-in-class members and those members have higher engagement and more control. By leveraging alignment between the client, the broker, and the captive consultant, ICS creates better performing captives, where everyone benefits. For more information, visit www.yourcaptive.com. You can also follow us on Facebook, LinkedIn, or Instagram (yourcaptive_com).

About Innovative Program Solutions (IPS)

Innovative Program Solutions (IPS) is a full-service Managing General Agent (MGA) practice focused on designing specialized insurance programs to help businesses in targeted industries drive down expenses and loss ratios with custom solutions created by industry experts who have decades of experience. IPS values agent expertise and relationships and strives to identify an accurate alignment of risk and offer programs designed to solve unique challenges. The company works with a variety of carriers and brokers to provide best-in-class programs tailored to the unique needs of its partners. IPS is led by Tim Anders, a highly respected and successful insurance industry veteran with more than 35 years of experience in underwriting, new program development, program management, and leadership. IPS is part of the Holmes Murphy PLUS family of subsidiary brands.