Independent Captive Associates

What Independent Captive Associates does

Independent Captive Associates, LLC is a privately-held captive insurance consulting and risk management advisory firm headquartered in Syosset (Woodbury mailing address), New York, with offices in Boca Raton (Florida), North Carolina, Connecticut, Long Island, and New York City. The firm advises mid-market businesses on the formation and ongoing management of captive insurance companies (private insurers used to self-insure specific business risks). Service modules span feasibility study, captive formation, captive investment services, healthcare captives, and ongoing client guidance/support. The firm also runs client education programs — including webinars, in-house CPA training, and a seminar series — and is registered with NASBA as a CPE sponsor, positioning it within the accounting-firm referral channel.

The business model is professional services fee-based: the firm is paid for consulting engagements on captive feasibility, formation, and ongoing administration, with quote-based, custom pricing that is not publicly disclosed. Revenue derives from project work (formation engagements) plus recurring captive management and investment advisory relationships. There is no proprietary technology platform; delivery relies on a curated network of independent professionals across law, accounting, captive management, investment expertise, P&C insurance, and audit services. No funding rounds, M&A activity, or institutional ownership are disclosed.

Customer segmentation is hybrid but skewed toward mid-market businesses (the primary segment), with secondary reach to high net-worth individuals, business leaders/entrepreneurs, and select institutions, plus channel referrals from accounting firms and CPAs. The firm reports 400+ captive formations across 25+ industries and 25+ years of operating history, but discloses no revenue, no headcount detail beyond the 11-50 employee band, and no growth metrics. The company is not an AI or technology business; competitive position rests on referral-channel depth, advisor expertise, and tenure in a niche advisory market.

Name

Independent Captive Associates

Legal name

Independent Captive Associates, LLC

Website

https://independentcaptiveassociates.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Independent Captive Associates is a privately-held captive insurance consulting firm that advises mid-market businesses on forming and managing captive insurance companies, delivering feasibility studies, formation, healthcare captive, and investment advisory services across five US office locations.

Ownership category

akta.pro rank

Product category

Captive Insurance Consulting

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Other Insurance Funds (52519)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Captive Insurance Advisory & Management (FSAEADAF)

akta.pro secondary industry

Stop-Loss & Reinsurance Administration (Captive/Level-Funded Support) (HLAEALAB)

Keywords

• Captive insurance services
• Risk management consulting
• Captive formation advisory
• Captive feasibility studies
• Employee benefits captives

Headquarters

HQ city

Syosset

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Captive Insurance Consulting Services: The company provides consulting services for the formation and management of captive insurance companies. Revenue is derived from professional service fees associated with feasibility studies, captive formation, risk management analysis, and ongoing captive management guidance.
2. Captive Premium Management: Premiums paid by businesses to their captive insurance companies may be tax deductible as ordinary and necessary business expenses. The company facilitates these arrangements as part of their comprehensive captive insurance services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Independent Captive Associates is a professional services firm that advises mid-market businesses on the formation and ongoing management of captive insurance companies (private insurance companies owned by the insured). Services span feasibility studies, captive formation, risk and coverage design, healthcare captives, investment services for captive entities, and ongoing client guidance. The firm delivers its services through a curated network of independent professionals in law, accounting, captive management, investment expertise, property and casualty insurance, and audit services.

Product overview

Independent Captive Associates is a service-based company offering captive insurance solutions for mid-market businesses. The core offering is Captive Insurance Services, which includes the formation and management of private insurance companies (Captive Insurance Companies/CICs). This is supported by a suite of service modules including Feasibility Study, Captive Investment Services, Captive Formation, Healthcare Captives, Client Guidance and Support, and Client Education (with NASBA-accredited CPE credits). Additional value-added services include a Seminar Series covering tax-related topics (Opportunity Zones, 1031 Exchange, Conservation Easements) and Monthly Newsletters providing industry updates. The company leverages independent professionals in law, accounting, captive management, investment expertise, property and casualty insurance, and audit services to deliver comprehensive risk management solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Captive Insurance Services End-to-end captive insurance company formation and management services for mid-market businesses. The offering enables businesses to create private insurance companies to manage and finance risk, earn underwriting profits, improve loss control, access reinsurance, and realize potential tax savings. Delivered through a network of independent professionals across law, accounting, captive management, investment, property and casualty insurance, and audit.
• Healthcare Captives Customized captive insurance solutions for employer healthcare plans. Reviews existing plans with fresh eyes and develops structures that address the cost-versus-benefit trade-off for the specific healthcare needs of each company.
• Client Education and CPA Training Educational programs for CPAs including webinars, articles, and in-house training for CPA firms, with CPE credits offered. Independent Captive Associates is registered with NASBA as a sponsor on the National Registry of CPE Sponsors.

Quantifiable outcome

• Over 400 captives formed across 25+ industries
• +1 more outcomes

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• Law FirmscoreImplementation/ SI/ Consulting PartnerThe company partners with independent law firms specializing in captive insurance to provide comprehensive legal expertise for captive formation and compliance.
• Accounting FirmscoreChannel Partner/ Reseller/ DistributorAccounting firms and CPAs serve as key referral partners, recommending captive insurance solutions to their business clients. The company supports these firms with technical expertise and client education.
• Captive Management FirmscoreImplementation/ SI/ Consulting PartnerPartnership with specialized captive management firms for ongoing administration and management of captive insurance entities.
• Investment Expertise PartnerscoreImplementation/ SI/ Consulting PartnerPartners providing investment expertise for captive insurance company asset management and investment strategy.
• Property and Casualty Insurance ProviderscoreStrategic or Co-development PartnerPartnerships with property and casualty insurance providers to support comprehensive risk coverage within captive structures.
• Audit Service ProviderscoreImplementation/ SI/ Consulting PartnerPartnerships with audit service providers for financial statement audits and compliance reviews of captive insurance entities.
• Featured Speakers (Brian Clouse, Timothy Pollack, Ran Fuchs, Donald Deans, Paul Hyl)minorStrategic or Co-development PartnerIndustry experts and thought leaders who present at the company's educational seminar series on tax strategies and captive insurance topics.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Beecher Carlson: Beecher Carlson is a large insurance brokerage and risk management firm with a captive insurance practice serving mid-market and large clients. It overlaps with ICA on captive consulting and risk management advisory for the mid-market segment.
• Strategic Risk Solutions (SRS): SRS is a specialty captive insurance management and consulting firm serving mid-market and larger organizations, offering formation, feasibility, and ongoing captive management services. It is one of ICA's closest direct competitors in the boutique captive advisory space.
• Milliman: Milliman provides actuarial and consulting services including captive insurance feasibility, formation, and management for corporate clients. Its actuarial-led captive practice serves a similar mid-market buyer and complements the same professional-services buyer journey.
• Captive Resources, LLC: Captive Resources provides captive insurance management and consulting, including formation and ongoing administration for group and single-parent captives. Its mid-market focus and consulting-led model align closely with ICA's offering.
• Vanbridge (EPIC Insurance Brokers & Consultants): Vanbridge is a specialty firm focused on captive insurance, insurance-linked securities, and alternative risk solutions for corporate and HNW clients. Its captive formation and management services target a similar buyer profile to ICA, particularly around tax-advantaged structures.

Broad incumbents

• Alliant Insurance Services: Alliant is a specialty insurance brokerage with captive insurance and alternative risk solutions serving mid-market and large clients. It is comparable to ICA on captive advisory while also offering a broader national brokerage footprint.
• USI Insurance Services: USI is a national insurance brokerage with risk management and captive advisory capabilities targeting mid-market businesses. It competes with ICA for the same mid-market captive formation mandates, but within a much broader commercial insurance portfolio.
• Willis Towers Watson (WTW) Captive Solutions: WTW's captive practice delivers formation, feasibility, and management services through its global risk and brokerage platform. It competes for the same mid-market captive engagements as ICA while also serving larger multinational clients.
• Aon Captive Insurance Services: Aon operates one of the largest captive insurance consulting practices globally, advising clients on formation, feasibility, and ongoing captive management. It overlaps directly with ICA's captive advisory scope and targets a similar mid-market buyer base, alongside larger enterprise clients.
• Marsh Captive Solutions: Marsh's captive insurance practice is part of the global Marsh McLennan broker network and provides captive formation, feasibility, and management services to mid-market and large corporate clients. It competes with ICA on the same captive advisory offering but at much larger scale and global reach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/independent-captive-associates-llc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Independent Captive Associates