The Captive Insurance industry has awarded the first U.S. Captive Service
Award to Ryan, LLC. Ryan is a leading firm in the tax services industry,
providing services internationally as one of the largest tax services
firms in North America. The firm was awarded for its “Cell Company
Initiative,” its new approach to protected-cell captive management.
For context, a Captive Insurance Company is an insurance firm that is privately
owned by a parent company. The insurance firm collects premiums and offers
policies and claims like any insurance provider—however, its larger
purpose is to insure the risks of the parent company.
Ryan utilizes a unique corporate structure known as a PCC, or protected
cell company. In a PCC, a central organization (the hub) is connected
to a series of independent “cells” that have their own assets
and liabilities. Ryan was among the first Captive Insurance Companies
to introduce this format to the industry, and is now the first Captive
Insurance Company to receive an award for their innovative approach.
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