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Atlas Insurance Management is Gold Sponsor of 2021 Captive Connect

Thursday June 24th- Friday June 25th, 2021

 

We here at Atlas stay informed with expert analysis of current captive trends, in-depth topics and conversations with risk managers and service providers, as well as how the captive community is changing as a whole. That is why we are excited to announce that we are a Gold Sponsor at the 2021 Captive Connect sponsored by Captive Review this year. The event is a two day occasion that will provide the perfect chance to connect with our captive colleages while learning about how they are innovating during a time that is one of the biggest opportunities for the captive industry. Industry leaders in the international Captive Sector will be connecting, sharing, and debating the direction of the industry on topics including Cryptocurrency captives, Employee Benefits after the pandemic, and D&O cover in a post #MeToo world. 

We are excited to have this opportunity to form new relationships, enhance existing relationships, and provide value to attendees at the 2021 Captive Connect. We are prepared to be challenged with hard conversation and topics, engaged with new insights into the evolution of captive insurance, and ready to offer innovative solutions to difficult issues. One of our greatest values is our ability to be creative and think outside of the box. We are thrilled to have a thriving environment to challenge our creative and innovative abilities.

At the conference, Atlas Insurance Management's Tania Davies will be speaking with Robert Logan on the topic of 'How brokers and business owners can benefit from captives.' Rob is an insurance veteran with experience in claims, underwriting, and brokering. He has worked in the commercial alternative risk transfer space for most of his career. Since 2006, Robert has lead BIS Risk Solutions, a wholesale insurance broker that specializes in captive programs for the Canadian transportation industry. Tania is a Chartered Accountant with almost 20 years of experience in captive insurance accross multiple domiciles. Working at Atlas since 2021, she is responsible for the business development team, assiting the underwriting team to meet evolving risk financing needs and has oversight of the Charlotte office client servicing team. 

 

NCCIA 2021 Annual Conference - Charlotte, NC

Atlas Insurance Management exhibiting August 29 – September 1

 

 As in previous years, Atlas will be actively involved in the NCCIA annual conference and will also be exhibiting.  Our Business Development team and many members of our Client Servicing teams will also be there. Of special interest this year is the Captive Owners Forum taking place on August 30, specifically for captive owners.  Debbie Walker with the NC DOI will be speaking during Session 3 of the Forum, along with Tom Adams of the NCCIA. On August 31, Commissioner Mike Causey will speak during the Annual Commissioner’s Luncheon, and Dr. Michelle Osborne will present, along with others from the NC DOI team. Follow the link below for the complete schedule and registration details:
https://nccia.org/event/2021-nccia-annual-conference/

 

Martin Eveleigh named in Captive Review Power 50

May 20, 2021

 

On Thursday May 20, 2021, the Captive Review announced the Power 50. The Power 50 is a collection of highly regarded and incredibly influential captive insurance professionals from the past year. The list was announced via a virtual event on Thursday, May 20th.
 
Over the years, the Power 50 has become an esteemed evaluation of captive insurance industry leaders and its release is highly anticipated every year. This year, there were over 18,000 individual votes for the Power 50 which set a record for the number of votes submitted.
The competition is intense. The Captive International estimates there are over 6,000 individuals employed in the captive industry. Of the 6,000 individuals, the Power 50 showcases only 50 of the top captive insurance professionals. Therefore, the top 50 selected represent the best of the best in the industry and it is a great honor to be selected.
 
Atlas Insurance Management (Atlas) is a captive insurance management firm that is leading the industry in both the formation and management of captive insurance companies. The company was established in 2002 and has decades of combined experience between all their senior executives. One of Atlas’s very own was named #46 out of the top 50, Martin Everleigh. This is Martin’s first time being featured as a Power 50 recipient.
Martin is involved and active in the daily operations of Atlas Insurance Management. He uses his talents and expertise to promote growth and improvement within Atlas and the captive community. He gives back to the industry and has a great influence within the community. Due to this, he is well respected and well thought of by Atlas and the community at large.
 
Martin noted, “it is quite an honor to be selected as one of the top captive professionals in the world. I am overwhelmed with gratitude to have even been considered one of the highly ranked amongst so many of my distinguished colleagues in the industry. I am so honored to have my career and contributions recognized throughout the world. Over 40 years of my career has been dedicated to the insurance and captive industry and I am delighted that my efforts have resonated with the world and will continue to make an impression on the industry for many years to come.”

Atlas hopes to see Martin featured as a Power 50 for many more years and sends their sincere congratulations on his well-deserved success.

 

Atlas Hires New Underwriting and Claim Specialist - Alyssa Preidt

May 17, 2021

 

CHARLOTTE, N.C. (May 17, 2021) - Located in Charlotte, Atlas Insurance Management (Atlas), a captive insurance management firm, has hired Alyssa Preidt as an Underwriting and Claims Assistant.  Alyssa previously worked as an Associate Underwriter at AmWINS Insurance Group in Charlotte, NC.
 
"We are very excited to have Alyssa join our team. We believe that she will be a great addition to the team and contribute greatly to our organization," noted Tania Davies, Vice President - Business Development and Marketing. 

 
Alyssa noted she "loves how the captive world is constantly evolving. There is always focus on new captive structures and new coverages to address new and rapidly emerging risks" She loves how dynamic and interesting the captive space is. Her duties will include processing claims for captive insurers managed by Atlas, drafting and issuing policies, identifying risks, and assisting with the captive insurance program process.
 
Alyssa graduated from the University of North Carolina at Charlotte with a Bachelor’s of Science in Business Administration in Finance with a Concentration in Risk Management and Insurance in May 2018. She has experience working in risk management departments, captive management companies, and in the commercial insurance sector. She is excited to be back in the captive management industry and challenge her creative, innovative, and analytical abilities here at Atlas. In her free time, she loves reading, playing with her dog Harley, coaching, exercising, and spending time with family and friends.

 

Atlas Hires New Account Manager - Kenya Iloka

April 26, 2021

 

CHARLOTTE, N.C. (April 26, 2021) - Located in Charlotte, Atlas Insurance Management (Atlas), a captive insurance management firm, has hired Kenya Iloka as an Account Manager.  Kenya previously worked as an Accountant for XPO Logistics based out of Charlotte, North Carolina.

"Kenya has a breadth of knowledge in the accounting industry from all of her experience in school and in the workforce. We at Atlas are very excited to see her grow in her knowledge of captive accounting and see her apply her knowledge and abilities within our company," noted Morgan Weatherly, Senior Account Manager. 

 
As an account manager for Atlas, her duties will include reporting and reconciling account statements, investments and domicile reporting requirements.
 
Kenya graduated from the Fayetteville State University in May 2014 with her Bachelor's in Accounting and NC State in May 2015 with her Master's in Accounting. She became a certified public accountant in 2017 and spent 5 years in the accounting industry before joining the Atlas team.  In her spare time, she enjoys carpentry, hiking and hanging with friends. She is excited to join the Atlas team.
 

 

Conversation with our Chairman

November 5, 2020 at 2pm EST

 

Atlas Captive Industry Update

This will be the first in a series of Atlas webinars: ‘Conversations with our Chairman’.  Our Chairman Martin Eveleigh has invited Alan Fine of Brown Smith Wallace to discuss with him some of the current and future considerations for captive owners and service providers in today’s unique environment.  Particularly in light of the recent activity by the IRS.  This, Alan is well placed to do.  Alan is the Partner in Charge of the Brown Smith Wallace Insurance Industry Group, where he specializes in the taxation of insurance companies.  We hope you are able to join us for this, or future, webinars as Martin Eveleigh discusses topical issues of interest to those in the captive insurance space.

Atlas has more detailed advice available for anyone who asks for it.

 

Business Almost as Normal

April 15, 2020

 

Atlas Open for Business

In order to balance the safety and health of our staff, clients, business partners and other stakeholders while preserving business continuity and our ability to provide the best alternative risk solutions and best service that is our purpose, Atlas activated our work-from-home strategy on Wednesday March 15th. This means that staff at both our offices in the Cayman Islands and Charlotte, NC, are all working from home.

Our teams will be working through digital channels as much as possible and so email is currently our preferred method of communication. For the time being, we are still able to receive mail and courier packages at our Charlotte, NC office and any documents which cannot be sent electronically should be sent to this office. This includes documents for offshore captives as the Cayman Islands government has closed post offices thereby preventing us from retrieving incoming international mail and packages. In Charlotte our main telephone line is being redirected to mobile while in Cayman, voicemail is being monitored throughout the day. Atlas is open for business. Please do not hesitate to contact us in connection with existing captives or to discuss any new risk challenges that may benefit from a captive solution. We are all looking forward to the day when we can return to normal.

Insurance for Pandemic Losses

The possibilities for loss attributable to the COVID-19 pandemic are almost endless. Most obvious perhaps is loss of income caused by business interruption and one can also imagine claims being made by shareholders against directors and officers, by employees against employers and by patients and their families against healthcare providers.

Commercially bought first party property insurance policies generally include coverage for loss of profits resulting from property damage, whether to the insured’s own property or to various other categories of property such as that of a customer or supplier. There are a very few insurers who have specifically offered coverage for losses due to communicable disease. Where that is not included, property damage is the trigger for coverage under the policy. So, the question arises whether the presence of the virus at a property constitutes property damage and, if so, what is the quantum of loss caused by that damage. There have been past decisions by the Courts, ruling that contamination of a building rendering it unsafe until decontaminated constitutes physical damage even without any structural alteration. It seems inevitable that insurers will be saying one thing and insureds another. Expect much litigation!

In the captive world, members of group captives will most likely find that their coverage is restricted as it would be in the commercial market. For single-parent captive owners, however, the picture may be very different. Many captives specifically cover such risks as loss of key customer, loss of key supplier and loss of key employee and these policies are likely to provide broad coverage without the same exclusions as commercial policies. Others may deliberately provide cover for difference in conditions, plugging gaps in coverage arising from exclusionary language in commercial policies. Many businesses may find their captive to be a real lifeline in times of peril.

As to the future, it is already clear that exclusionary language is being tightened up with specific communicable disease exclusions now being imposed by reinsurers. Insurers will follow suit. Not only are we going to see increased restrictions on coverage but this comes at a time when the cost of insurance is increasing significantly. Businesses will need to pay very close attention at their next policy renewals and give deep consideration to how they intend to manage and finance risk in the future.

Claims Procedures

For those looking to make a business interruption, loss of income or extra expense claim against their commercial insurer or their captive, they should document the claim in rigorous detail. Some actions to take:

• Prepare a timeline documenting changes to business operations;
• Track and document key business metrics;
• Track and document expenses related to the event;
• Track and document specific event related business activity such as cancellations, complaints and returns;
• Compile a three year look back of financial data.

Atlas has more detailed advice available for anyone who asks for it.

 

Atlas Hires New Underwriting and Claims Specialist - Larissa Niederer

March 17, 2020

 

CHARLOTTE, N.C. (March 17, 2020) - Located in Charlotte, Atlas Insurance Management (Atlas), a captive management firm, has hired Larissa Niederer as an Underwriting and Claims Specialist. Larissa previously worked for McGriff Insurance Services in Greensboro, North Carolina.
 
"Larissa impressed us immediately during the interview process. She carried herself well, showed excitement for the challenges the captive industry can bring, and showed curiosity in learning more about the industry and processes. We knew she would be a great new addiction to the team and cannot wait see her ingenuity be put to work," noted Tania Davis, Vice President of Business Development and Marketing.
 
As an underwriting and claims specialist, her duties will include working on claims, processing renewals, and assisting in the analysis of new business. “I have always liked problem solving and analyzing risk and I am excited to learn about captives and how they can be used to protect their insureds from very specific risks that may be outside what is possible in the commercial market” said the new hire.
 
Larissa graduated from Appalachian State University in December 2018 with Bachelor's of Science in Finance, Risk Management and Insurance, and International Business. In her free time she enjoys running, traveling, and fishing on the lake.

 

Atlas Hires New Account Manager - Ian Sherrill

February 3, 2020

 

CHARLOTTE, N.C. (February 3, 2020) - Located in Charlotte, Atlas Insurance Management (Atlas), a captive insurance management firm, has hired Ian Sherrill as an Account Manager.  Ian previously worked as a Staff Accountant for Hearst, in Charlotte, North Carolina.

"At Atlas, we love growing our company and adding new and bright talent to the team. We are so happy to welcome Ian Sherrill to our team. We believe he will be a great addition to the Atlas community," noted Beth Sartori, Senior Account Manager. 

 
As an account manager for Atlas, his duties will include reporting and reconciling account statements, investments and domicile reporting requirements. "I have a long history of servicing client’s needs and I look forward to continuing in that spectrum of work with Atlas while learning and mastering the ins and outs of the captive insurance management industry," said the new hire.
 
Ian graduated from the University of North Carolina at Charlotte in December 2017Prior to attending UNCC, he spent 5 years in the Army with the last 3 of those years in Alaska.  In his spare time, he enjoys rock climbing, skiing, hiking, camping, and enjoying the outdoors.

 

Atlas Insurance Management is now a Risk Strategies company

 

All of us at Atlas are very excited to be able to share the news that we joined the Risk Strategies family on January 31st. Atlas strives to provide our clients with the best solutions and the best service, and we are confident that joining Risk Strategies will enhance our ability to deliver on that promise.

Please take a look at the release from Risk Strategies.

 

2020 CICA Conference

Atlas Insurance Management will be exhibiting 

 

As well as being a silver sponsor of this lively conference, Atlas will again be exhibiting.  Please stop by our booth 612 - conveniently located in the networking lounge - and introduce yourselves to Tania Davies, Adam Perea and our Chairman Martin Eveleigh.  We're interested in hearing all about you and what brings you to the conference.

 

2020 World Captive Forum

Atlas Insurance Management was proud to be one of the exhibitors January 20 to 29 

 

Atlas enjoyed once again exhibiting at the 2020 World Captive Forum - held as in previous years at the JW Marriot Miami Turnberry Resort & Spa, in Aventura from January 20 to January 29, 2020.  We enjoyed meeting everyone who stopped by our booth to catch up with Jeff Ellington, Adam Perea and our Chairman Martin Eveleigh - who moderated the "New to Captive" round table during the conference.

 

2019 Cayman Captive Forum

Atlas Insurance Management was proud to be one of the exhibitors December 3 to 5

 

As in previous years, Atlas was actively involved in the conference, proud to be an exhibitor in our usual spot at the entrance to the conference.  Thank you to all of you who visited at booth 31 and introduced yourselves to our Chairman Martin Eveleigh along with Elaine Tapp, Tania Davies, Beth Biega and the staff of Atlas's local Cayman office.

 

SIIA 39th Annual National Educational Conference & Expo - San Francisco, CA

Atlas Insurance Management to moderate Panel October 2

 

Atlas Chairman, Martin Eveleigh served as a session moderator at SIIA's upcoming National Educational Conference & Expo held in San Francisco, California on October 2, 2019.  In the informative and well attended session, he moderated a Captive Regulator panel which prompted lively discussion regarding the challenges facing the different domiciles looking to keep pace with fast moving changes in the areas of InsurTech and both state and federal legislation.

   

 

Atlas Hires New Account Manager - Elizabeth Rohlfs

September 9, 2019

 

CHARLOTTE, N.C. (Setember 9, 2019) - Located in Charlotte, Atlas Insurance Management (Atlas), a captive insurance management firm, has hired Elizabeth Rohlfs as an Account Manager. Liz previously worked as a Staff Accountant for Fairfield Properties in Melville, New York.  
 
“Liz’s enthusiasm will lend itself tremendously to our team and the Atlas culture. She is very creative and enjoys pushing the envelope. She thinks of what could be possible and works hard to achieve that goal or idea," noted Atlas Senior Account Manager Beth Sartori.
 
As an account manager for Atlas, Liz will be responsible for reporting and reconciling financial accounts, investments and reporting requirements, as well as supporting process improvement efforts throughout the company. “I am very excited to see where my skills can prove to be a valuable asset to the company,” said the new hire. 
 
Liz graduated from CUNY Bernard M. Baruch College in September 2014. Prior to completing her degree, she spent much of her time volunteering as a firefighter and EMT for her local fire house on Long Island. She now spends most of her free time chasing after her twin daughters and Australian shepherds. 

 

 

NCCIA 2019 Annual Conference - Charlotte, NC

Atlas Insurance Management to attend August 21 - August 23

 

As in previous years, Atlas was actively involved in the conference, proud to be an exhibitor and sponsor of this year's 80's disco evening.  Our Chairman, Martin Eveleigh and his fellow panelists John Talley and Randall Davis spoke on Friday, August 23 at the session on Expanding Captive Insurance Risk-Taking by Optimizing Commercial Insurance Deductibles: A new methodology for optimizing the relationship between captives and commercial P&C programs.  Normally, commercial insurance deductibles are selected on an Ad-Hoc basis, and opportunities for reducing Total Cost of Risk are missed.  This new method provides an analytical basis for selecting optimal retention levels, and shifts negotiating power from commercial insurers to buyers.  Owners and managers can use techniques to increase captive risk-taking as well as captive premiums, while saving commercial insurance costs.  Captives can use these savings as a way to pay for captive management expenses or other risk management initiatives. 

 

TCIA 2019 Annual Conference - Nashville, TN

Atlas Insurance Management attended June 17 - June 19 

 

Jeff Ellington and Adam Perea of our Business Development Team were in attendance to represent Atlas, both as exhibitor and sponsor, along with our Chairman Martin Eveleigh who spoke at the afternoon session on Tuesday, June 18.  Martin and his fellow panellists tackled the subject of Risk Pools, in particular the important questions: what should you look for in search of a risk pool, how should a pool be structured and operated and can pools really satisfy risk distribution requirements post- Reserve Mechanical?

 

Atlas Hires New Account Manager - Spencer Caldwell

May 29, 2019 

 

CHARLOTTE, N.C. (May 29, 2019) - Located in Charlotte, Atlas Insurance Management (Atlas), a captive insurance management firm, has hired Spencer Caldwell as an Account Manager.  Spencer previously worked as a Captive Financial Analyst for the North Carolina Department of Insurance, in Raleigh, North Carolina.

"Finding the young talent we need in the captive insurance industry is not easy for Atlas or for others.  We are, therefore, very fortunate that Spencer's move to Charlotte led him to our door.  We shall benefit from his regulatory experience while I am sure he will learn to enjoy the challenge of working on the private sector side of the captive world," noted Atlas Chairman, Martin Eveleigh.

As an account manager for Atlas, his duties will include reporting and reconciling account statements, investments and domicile reporting requirements. "I've found it really surprising to see the high rate of growth within the industry since the popularization of captive insurance.  I look forward to learning more about the captive insurance industry from a captive management perspective," said the new hire.

Spencer graduated from the University of South Carolina in July 2017 and became a certified public accountant in November 2018.  He spent four months as an accounting and audit intern prior to joining the North Carolina Department of Insurance.  In his spare time, he enjoys fishing, hiking and watching sports.

 

Atlas Supports The Cayman Islands Humane Society

April 27, 2019 

 

The Cayman Islands Humane Society is a non-profit organization that provides shelter, care and attention to all unwanted companion animals, and seeks out responsible, loving homes for them.  Atlas has been a supporter of the work of CIHS and its mission is something that is very close to the heart of Atlas director Elaine Tapp who has, to date, adopted two cats and three dogs.  Atlas was a sponsor of the annual fundraiser "Furball" again this year, which was held at the Westin Grand Cayman Seven Mile Beach Resort on Sunday 27th of April and the staff enjoyed a wonderful evening filled with champagne, dancing and fundraising auctions under the stars.

 

IANC InsurExpo- Durham, NC

Atlas Insurance Management to attend April 11 - April 12 

 

Jeff Ellington, our Vice President – Business Development, attended the recent IIANC InsurExpo in Durham, North Carolina.  A resounding success, bringing the highest attendance to date.

 

CICA 2019 International Forum - Tucson, Arizona

Atlas Insurance Management to Exhibit March 10 - March 12

 

Visit us at Booth 33 to learn more about turning risk to profit! Here at Atlas, we pride ourselves on offering the best solutions to mitigate business risks.  Please visit our booth and introduce yourself to Tania Davies, Jeff Ellington, Adam Perea and our Chairman, Martin Eveleigh!

 

World Captive Forum - Fort Lauderdale, FL

Atlas Insurance Management to Exhibit January 30 - February 1

 

Visit us at Booth 31 to learn more about turning risk to profit!  Atlas team members Jeff Ellington and Tania Davies will be there to discuss how how Atlas brings a unique combination of experience and expertise to develop and implement alternative risk solutions.  Also catch Charirman Martin Eveleigh!  

Schedule a meeting today, captive owners receive complimentary registration.

 

Atlas Community Foundation Hosts Inaugural Fundraising Event

Sweet Dreams Casino Night raises $20,000 for Beds for Kids 

 

CHARLOTTE, N.C. (November 13, 2018) – The Atlas Community Foundation proudly held its inaugural fundraising event on September 28, 2018 at 8.2.0, a local venue in Charlotte, N.C. The theme was 'Sweet Dreams Casino Night' and the goal was to raise $17,500 for local nonprofit Beds for Kids to purchase a much-needed additional delivery truck.  

Beds for Kids is a Charlotte-based nonprofit organization that serves disadvantaged families and helps put thousands of children in a comfortable bed so they can get the sleep that they need. Beds for Kids services not only all of Mecklenburg County but also reaches into six of the surrounding counties – an area which extends 40 miles out from the Charlotte city center in any direction. The nonprofit currently owns three trucks and this places constraints on their ability to say 'yes' to all who approach them in need. Each additional truck gives them the ability to help another 600 children a year and make about 400 additional donation pickups a year. The wonderful part about being able to add another truck, as Daniel Fogarty at Beds for Kids explained, is that a donation like this is a recurring donation. The benefit extends over the coming eight to ten years, meaning thousands of children can be helped to a good night’s sleep before facing what each new day brings. The long-term impact of such a donation is great. Yes, it was an ambitious target, but it was a worthwhile target and one which Atlas can proudly state was not only achieved but exceeded!  

For this, an enormous 'thank you' goes out to the event's co-sponsors: Rives and Associates, Morgan Stanley, Seedspark and Redbud Mortgage Group. They dusted off their evening attire, brushed up on the rules of blackjack and practiced their poker faces in the mirror. Then, to a smooth soundtrack provided by Jeff Ellington’s brother which had high-heeled toes tapping, they stood shoulder-to-shoulder with Atlas staff at the craps table. Eyes narrowed, sleeves on flamboyant jackets were adjusted and the competitive spirit which had hitherto been concealed behind Southern expressions of delight and hospitality made itself known. Chips were swept into the embrace of the lucky, as their previous owners silently said their goodbyes and reminded themselves it was all for a good cause. Bartenders offered solace to the bereft, celebratory drinks to the triumphant and lubrication for those circling the silent auction tables – perusing the items generously donated by Blackhawk Hardware, Smashburger, Copper Barrel Distillery, Beds for Kids, SPARK Strategic Ideas, Urban Air Mint Hill, Imperial Stone, Lori Honeycutt, and Sodoma Law. The evening truly was a community affair, with friends of Atlas pitching in to do their part to help an organization which has touched the lives of so many families in Charlotte and contributing to an event which raised $19,036.77!  

This fundraising success enabled the Atlas Community Foundation to deliver a check for $20,000 to Beds for Kids. "We have been so grateful to be a part of such a wonderful nonprofit and to help give back to our community here in Charlotte," said Atlas Chairman Martin Eveleigh. "Stay tuned for our next fundraiser in 2019!"

Click here to see photos from the Sweet Dreams Casino Night. 

 

Introducing Collaborative Relationship with Bill Becker

Bill Becker joins the Atlas Team

 

CHARLOTTE, N.C. (October 19, 2018) – Atlas Insurance Management (Atlas) is pleased to announce a new collaborative relationship with Bill Becker. Bill is an experienced and trusted wealth management advisor who will be working alongside Atlas to help the firm achieve its business development goals. Raised in New York and New Jersey, Bill moved from Maine with his wife Elizabeth in 1994 as a professional fundraiser for nonprofit organizations, establishing and leading a nonprofit think tank in 2002 that remains a force in Maine today. Bill then moved to the wealth management field in 2008 and has established himself as a knowledgeable and credentialed expert, most recently with KeyBank.

Atlas is excited that Bill's experience and extensive network, which includes leaders of many New England businesses and an array of trusted advisors from the tax and legal professions, will provide an additional resource when creating for clients those risk financing solutions, tailored to their particular needs, which are the bedrock of the Atlas vision/strategy.

 

Distinguished Service Award Presented to Martin Eveleigh of Atlas Insurance Management 

Atlas Chairman, Martin Eveleigh, was given the award at the NCCIA conference

 

CHARLOTTE, N.C. (August 28, 2018) – On Tuesday, Aug. 21, Martin Eveleigh, Chairman of Atlas Insurance Management (Atlas), received the Distinguished Service Award at the fourth annual North Carolina Captive Insurance Association (NCCIA) conference. Martin Eveleigh served on the board of directors for the NCCIA for two terms, is a past Chairman and has assisted with many fundamental plans for advancement of the association through the years. 

“I have very much enjoyed serving on the Association board over the years,” said Eveleigh. “I am honored to have witnessed the extraordinary growth of the North Carolina captive insurance program, and I am very confident that the NCCIA will continue to provide value to its members as new board members come on.”

As Eveleigh steps down from the board, Morgan Weatherly, a senior account manager at Atlas, will take up a position on the NCCIA board of directors beginning Jan. 1, 2019. Weatherly started working with Atlas in 2016 and is based out of the Charlotte, N.C. office. An N.C. Certified Public Accountant, Weatherly’s responsibilities include overseeing a team that manages a diverse portfolio of captive insurance companies, financial reporting and regulatory filing requirements, and working with third-party providers.

“I’m very excited to be joining the NCCIA board of directors,” said Weatherly. “I’m looking forward to working with the NC Department of Insurance to make sure that the legislative environment in North Carolina continues to be friendly towards captive insurers.”

 

Atlas Insurance Attending Annual North Carolina Captive Insurance Association Conference 

Martin Eveleigh, Atlas Chairman and NCCIA Board Member, comments on conference

 

CHARLOTTE, N.C. (August 2, 2018) – Atlas Insurance Management (Atlas), a captive insurance management firm based in Charlotte, is a proud sponsor of and exhibitor at the fourth annual North Carolina Captive Insurance Association (NCCIA) conference this year. The 2018 conference will provide informative seminars, special events, and receptions for attendees from August 20–22 at the Le Méridien in Charlotte. In addition to Atlas exhibiting at the conference, they will be hosting an after-hours networking party for all attendees on Tuesday, August 21.  

Martin Eveleigh, Chairman of Atlas Insurance Management, currently serves as a Board Member for the NCCIA and will be attending the conference with the Atlas team. There will be over ten educational sessions at this year’s conference, covering topics ranging from cyber security threats and medical stop loss trends, to alternative risk transfers in the cannabis industry and the regulatory environment in today’s political climate. 

“Group captives are a strong focus for Atlas, as we are continuing to add new captives to our portfolio,” said Eveleigh. “As such, I am most interested in attending the group captive session at this year’s NCCIA conference and hearing other people’s perspectives and best practices.”

This year also marks the last time Eveleigh will attend the NCCIA conference as a board member, as he has reached the end of his term and will be stepping down from his duties.

“With North Carolina being the fastest-growing captive domicile last year, it has been my honor to serve on the board of the NCCIA,” says Eveleigh. “I’m sure the advancement of the NC captive program will continue, and I look forward to contributing to that future success.”

Before the 2018 NCCIA Annual Conference, Atlas will also be attending the annual Vermont Captive Insurance Association (VCIA) Annual Conference from August 7–9. For more information on the 2018 VCIA Annual Conference, check out vcia.com. For details on the 2018 NCCIA Annual Conference, visit nccia.org. 

 

Atlas Insurance Hires New SVP of Finance & Compliance 

Gail Olsen joins Atlas team

 

CHARLOTTE, N.C. (December 7, 2017) – Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has hired Gail Olsen as their Senior Vice President – Finance & Compliance. Based in the firm’s Charlotte office, Olsen brings to Atlas over 25 years of experience as a finance executive in a variety of industries.

“We are delighted to have Gail as the newest member of our team,” says Martin Eveleigh, Chairman of Atlas Insurance Management. “Gail’s prior experience makes her a valuable asset to Atlas who will help us reach our internal financial and operational goals while helping our team provide solutions and great service to our clients.”

Before joining Atlas, Olsen worked for NorthGate, a family-owned packaging, warehousing and reverse logistics company, where she was responsible for improved cash flow, process improvements, risk management, best practices and cross-training. In this role, Olsen also helped NorthGate achieve the ISO certification. Prior to that, she worked for Teramu Cardiovascular Systems, Inc., a cardiovascular implant development company, and successfully integrated the newly acquired Scottish manufacturing division into the existing operations. 

“I’m excited to join the Atlas team and contribute to this growing company,” says Olsen. “As Senior Vice President – Finance & Compliance, I hope to guide and strengthen Atlas by maximizing resources and developing employees to reach their full potential."

At Atlas, Olsen will be in charge of finance, human resources, information technology and compliance. Reporting to the Executive Vice President, Elaine Tapp, her responsibilities include streamlining processes and reporting to improve efficiency, financial performance and profitability; creating an effective employee development program; and developing the risk management and compliance program. 

 

Atlas Insurance Approved as Captive Manager in Georgia 

North Carolina captive insurance manager expands into new domicile

 

CHARLOTTE, N.C. (September 6, 2017) – Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, received approval from the Georgia Insurance Department to act as a manager for captive insurance companies domiciled in the state. Atlas is the first captive manager to be approved by Georgia this year.

“Georgia is a very competitive and attractive captive domicile,” said Martin Eveleigh, Chairman of Atlas Insurance Management. “We look forward to being part of Georgia’s captive management landscape and joining one of the most business-friendly states in the country.”

In 2015, Georgia opened up their state to captive managers, and Atlas is now one of fifteen firms operating in the domicile. With recent updates to the captive insurance company laws, it is now easier for Georgia businesses to manage their risks.

Georgia is the 14th domicile in which Atlas Insurance Management has been approved to act as a captive manager. In 2017 alone, Atlas was approved to manage captives in the states of Oklahoma and Texas. 

 

Atlas Insurance Wins Enterprise Risk Captive Management Award

Atlas announced as winner at US Captive Review Awards 2017

 

CHARLOTTE, N.C. (August 24, 2017) – Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has been named the winner of the US Captive Review award in the “Captive Management – Enterprise Risk Captives” category for 2017. The award ceremony was held on August 7 in Vermont.

With thirty-one award categories at this year’s event, this is the second year the category of “Captive Management – Enterprise Risk Captives” was recognized. Atlas was one of six captive managers shortlisted by Captive Review for this award.

“We are honored to have been awarded the Captive Management – Enterprise Risk Captives accolade by Captive Review for 2017,” says Martin Eveleigh, Chairman of Atlas Insurance Management. “This is an acknowledgement of the entire Atlas team and our  focus on delivering the best solutions, best service, and being the best partner to our clients."

Atlas impressed the judges with their on- and offshore footprint and diverse client base. The judges also noted the firm’s experience, coupled with a desire to continue innovating and to evolve their client offerings as particularly important since uncertainty continues to reign in the enterprise risk captive arena.

To view the US Captive Review Awards 2017 full list, click here

 

Atlas Insurance Shortlisted for US Captive Review Awards 2017

NC captive management firm added to shortlist in two categories by Captive Review

 

CHARLOTTE, N.C. (July 27, 2017) – For the second year in a row, Charlotte-based captive insurance management firm Atlas Insurance Management (Atlas) was shortlisted for Captive Review’s US Captive Awards in two categories. Atlas is one of six captive managers to be shortlisted in the “Captive Management — Enterprise Risk Captives” category, as well as in the “Captive Manager of the Year — Independent” category. In the US Captive Awards 2016, Atlas was recognized as ‘highly commended’ in the "Independent Captive Manager of Year" category.

“We are honored to have been named to the shortlist for two award categories this year by Captive Review,” says Martin Eveleigh, Chairman of Atlas Insurance Management. “This is a direct representation of the entire Atlas team and their efforts to adhere to our company values of providing industry expertise, excellent client service and innovative solutions."

Ian Podmore, Senior VP, will be in attendance at the award ceremony being held on August 8 during the Vermont Captive Insurance Association (VCIA) Annual Conference in Burlington, VT.

For more information on Captive Review's US Captive Awards, visit captivereview.com.

 

Atlas Insurance Secures Captive Manager Approval in Texas

North Carolina captive insurance manager expands into 13th domicile

 

CHARLOTTE, N.C. (March 27, 2017) – Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has received approval from the Texas Department of Insurance to act as a manager for captive insurance business in the state. Atlas will be working with Texas regulators to offer a viable domicile to companies for captive formation.

“Texas has a very business-friendly environment,” said Martin Eveleigh, Chairman of Atlas Insurance Management. “We look forward to giving companies headquartered in Texas the ability to be domiciled in their home state and provide an option for any companies looking to re-domicile their existing captive business.”

Texas is the second largest state in the country and houses millions of companies, including over 2 million small businesses. The Texas Department of Insurance is very proactive in encouraging businesses headquartered within the state to stay and do business in Texas. This is a great opportunity for Texas-based companies to form captives in their home state. Texas is sure to provide even more advantages over time as more businesses form captives.

Texas is the 13th domicile in which Atlas Insurance Management has been approved to act as a captive manager. At the beginning of the year, Atlas became the first North Carolina-based captive manager to be approved by Oklahoma and is pursuing further domicile approvals throughout 2017.

 

Atlas Chairman Recognized as Enterprise Risk Captive Pioneer

Martin Eveleigh recognized on Captive Review's 2016 award list

 

CHARLOTTE, N.C. (January 19, 2017) – Martin Eveleigh, Chairman of Charlotte-based captive insurance management firm Atlas Insurance Management (Atlas), has been recognized by Captive Review as an Enterprise Risk Captive (ERC) Pioneer for 2016. This is the second year that Eveleigh has been awarded this recognition.
 
2015 was the first year that Captive Review ran an ERC Pioneer list in addition to the publication’s highly-anticipated annual Power 50 list. The ERC Pioneers list recognizes 20 key influencers in the United States’ smaller captive industry.
 
“It is truly an honor to have made Captive Review’s Enterprise Risk Captive Pioneer list for 2016,” says Martin Eveleigh, Chairman of Atlas Insurance Management. “This recognition is not just about me; it’s also a direct reflection of the entire Atlas team that helps develop innovative approaches and deliver consistent performance in the new enterprise risk captive category.”  
 
Enterprise Risk Captive Pioneers were nominated by their captive industry peers who believe they make considerable effort to influence and lead the industry from both within, and outside, of their every day job role.

 

Atlas Insurance Secures Captive Manager Approval in Oklahoma

Oklahoma approves its first North Carolina-based captive insurance manager

 

CHARLOTTE, N.C. (January 4, 2017) – Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has received approval from the Oklahoma Department of Insurance to act as a manager for captive insurance business in the state. Atlas is the first North Carolina-based captive manager to be approved by Oklahoma.   
 
“We are pleased to have received approval to do business in Oklahoma,” said Martin Eveleigh, Chairman of Atlas Insurance Management. “The state is a growing domicile, and we are looking forward to working with Oklahoma’s Captive Insurance Division. Atlas already has two captives that we will be managing in this new domicile.”
 
Oklahoma is one of the newer and more attractive on-shore captive domiciles. Due to recent legislation, Oklahoma boasts a captive statute that incorporates great flexibility, low rates and fees and a supportive regulatory environment. The most recent data published shows the state regulates 73 active captive insurance companies in its domicile.
 
In addition to Oklahoma, Atlas Insurance Management recently received approval to act as a captive insurance manager in South Carolina. The North Carolina-based captive insurance manager plans to pursue state approval in other U.S. captive domiciles throughout 2017. 

 

Atlas Insurance Management Restructures Executive Leadership

Charlotte-based captive insurance manager reorganizes to accomodate growth

 

CHARLOTTE, N.C. (October 27, 2016) – Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has restructured its executive management team to accommodate its increase in business demands and staffing within both its onshore Charlotte office and its offshore Cayman Islands office.  

Reorganizing Atlas’s executive leadership team enables the independent captive insurance management firm to implement targeted strategies that will consider the significant growth and exciting opportunities that are happening for the company. It also continues to form a positive workplace environment for employees to best serve their clients.

Atlas Insurance Management’s onshore office in Charlotte appointed Ian Podmore as Senior Vice President of Business Development; Donna Rinchisen as Vice President of Client Services; and Jeff Ellington, Vice President of Business Development & Marketing. In Atlas’s offshore Cayman Islands office, Elaine Tapp has been appointed as Executive Vice President of Group; Mark Kay is now Senior Vice President of Operations; and Beth Biega is Vice President of Client Services.  

“It’s exciting to see how much Atlas has grown over the last 12 months,” said Martin Eveleigh, Chairman of Atlas Insurance Management. “Restructuring our leadership team allows us to continue to provide the best solutions and service to our clients while making Atlas the best place for our staff to work."

 

Atlas Insurance Management Secures Captive License in SC

South Carolina approves its first North Carolina-based captive insurance manager

 

CHARLOTTE, N.C. (September 6, 2016) – Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has received approval from the South Carolina Department of Insurance to act as an insurance manager for captive business in the state. Atlas is the first North Carolina-based captive manager to be approved by South Carolina.   
 
“We are truly pleased to have obtained approval to act as a captive manager in South Carolina,” said Martin Eveleigh, Chairman of Atlas Insurance Management. “The addition of South Carolina to our portfolio will expand the captive options available to our clients, and we look forward to working with such an established, well-respected domicile.”
 
The diligent work done by the Atlas team – coupled with the responsiveness of the South Carolina Department of Insurance – made the captive manager approval process very smooth and straightforward. Eveleigh noted, “The Captive Program Administrator, Jeffrey Kehler, and his entire team have been extremely responsive and flexible throughout the whole process.”
 
Since captive-enabling legislation was passed in 2000, South Carolina has focused on developing the infrastructure, resources and staffing to provide captive owners with a robust and thriving captive marketplace. The state is considered to be one of the top five mature domiciles in the Western Hemisphere. There are currently 165 active companies domiciled in South Carolina.
 
Atlas will attend the South Carolina Captive Insurance Association Conference (SCCIA) Sept. 13-15, 2016 in Charleston, SC.

 

Atlas Insurance Management Recognized at U.S. Captive Services Award Ceremony

Firm named 'Highly Commended' in category 

 

CHARLOTTE, N.C. (August 9, 2016) – Charlotte-based captive insurance management firm Atlas Insurance Management (Atlas) was recognized as 'highly commended' in the Independent Captive Manager of the Year category of Captive Review’s U.S. Captive Services Awards. The award ceremony was held on August 8 in Burlington, Vermont.
 
Atlas was among eight captive managers to make the category’s shortlist of finalists; and although the firm did not take home the highest honor, it was the only one to receive Captive Review’s honorable mention of ‘Highly Commended Independent Captive Manager of the Year.’
 
“We are honored to have been named by Captive Review as a ‘highly commended’ captive manager,” says Martin Eveleigh, Chairman of Atlas Insurance Management. “This recognition is truly rewarding because it is a direct reflection of the Atlas team upholding our values of providing excellent client service, developing innovative approaches and delivering consistent performance.” 

According to the award judges, Atlas impressed with their wide geographic reach and plethora of domicile and structural options they are able to offer clients. Captive Review’s judges also noted that Atlas has embraced the captive cell concept in North Carolina and contributed to the domicile’s strong growth, both by formation numbers and by actively engaging in the local captive association.
 
For a full list of winners of the 2016 Captive Review U.S. Captive Services Awards, visit captivereview.com

 

Atlas Insurance Management Experiences Company Growth

Captive management firm develops a new program, expands offices and gains business

 

CHARLOTTE, N.C. (March 30, 2016) - Demand for captive insurance solutions continues to increase rapidly, which has led to a year of significant growth for Atlas Insurance Management. The captive insurance manager has appointed several new employees, added new business accounts and launched the Vortex risk exchange program.

This boom in business has translated to partnerships with a variety of new business clients across a wide range of industries, necessitating the addition of several new employees to its team. These new team members expand account service and management in the firm’s U.S. operations located in Charlotte, NC as well as the offshore office in the Cayman Islands.

In the past year, the Atlas Charlotte office has welcomed Stacey Oaks, Administrative Assistant; Lori Holford, Assistant Underwriter; Leah Covey, Account Manager; Melissa Smith, Underwriting Assistant; Lori McGee, Account Manager; Adam Perea, Business Development Manager; Morgan Weatherly, Account Manager; and Beth Sartori, Account Manager. Joining the Atlas team in the Cayman Islands office are Brenda Munnelly, Account Manager; and Deanna Thompson, Account Executive. Most recently, Steve Coffield, CPA was hired as Atlas’s SVP – Finance & Compliance.

“The addition of new business partnerships continues to catapult Atlas’s success and growth in the captive industry,” said Martin Eveleigh, Chairman of Atlas Insurance Management. “I am excited to do business with our new clients, work with our new team members and see them provide great solutions and great service.”

To further the growth of the business and meet the needs of many mid-sized employers suffering from the high cost of workers’ compensation insurance, Atlas recently introduced a new captive program called Vortex. Vortex is a workers’ compensation risk exchange developed for participating captive insurance companies to share a primary layer of risk. Each captive buys reinsurance for its own risk from Vortex Re, which in turn shares its assumed risk with the pool of participants by buying reinsurance from them. Financing retained risk in a captive insurance company can double the net benefit.

As evidence of the firm’s continual growth and foothold in the industry, Captive Review named Atlas as a finalist in the “Independent Captive Manager of the Year” category for their 2015 U.S. Captive Service Awards. The respected accolade honors individuals and firms that have excelled in the captive industry over the past 12 months. 

For 2016, Atlas continues to see growth on the horizon. Businesses are becoming more cognizant of the opportunities captives offer in a changing world of risks. In particular, small and mid-size companies are finding there is a place for them in the captive space as well. With that, the need for an experienced captive manger to help them take advantage of these new opportunities continues be on the rise.

 

Atlas Insurance Opposes NAIC Legislative Change

 

CHARLOTTE, N.C. (November 23, 2015) - Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has written to the Chair of the National Association of Insurance Commissioners' (NAIC) Reinsurance (E) Task Force to voice opposition regarding the proposed change to the Credit for Reinsurance Model Act, which would have an impact on captive insurance companies.

“The use of captive insurance companies increases competition, brings more capital into the market and allows insureds a measure of control over their risks and the financing of those risks that is not available in the commercial marketplace,” says Martin Eveleigh, Atlas Chairman. “Captive insurance complements the standard market and, in so doing, helps oil the wheels of commerce and is a broad economic good."
 
Eveleigh also states, “It is my concern that this proposal will have an adverse impact on a number of captive insurance companies. While the original intent may not be to ensnare all forms of captive reinsurance arrangements, its current wording has the clear potential to reduce the financial benefit a fronting company obtains from the credit for reinsurance when entering into a reinsurance transaction with a captive insurance company.”

   

Atlas Insurance Management Introduces Vortex

Captive manager develops workers' compensation risk structure

 

CHARLOTTE, N.C. (October 20, 2015) - Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, recently announced its new captive structure, Vortex, a workers’ compensation risk exchange. Vortex is operated by Vortex Re, a North Carolina-licensed reinsurance company.  

In addition to providing reinsurance coverage, Vortex allows participating captives to pool their workers’ compensation risks in order to achieve risk distribution, a requirement for insurance company tax treatment. Each company buys reinsurance for its own risk from Vortex Re, which in turn shares its assumed risk with the pool of participants by buying reinsurance from them.

“Financing retained risk in a captive insurance company can not only lower your annual premiums but can also create a new stream of profit revenue,” said Martin Eveleigh, Atlas Chairman. “Vortex allows participating companies to retain the risk and reap the reward of their worker’s compensation programs.”

To qualify for Vortex, businesses should have a high-deductible or self-insured workers’ compensation program. In addition, companies should retain no less than the first $100,000 per loss occurrence, demonstrate financial strength and favorable cash flow, be committed to risk management and loss control, provide historical five-year loss and exposure data and show a willingness to form a captive or expand the use of an existing one.

 

Atlas Insurance Experiences Business Growth

Captive firm expands Charlotte and Cayman offices with new hires

 

CHARLOTTE, N.C. (September 1, 2015) – Atlas Insurance Management (Atlas), a Charlotte-based independent captive insurance management firm, today announced the appointments of six new employees to the firm’s U.S. operations in Charlotte, N.C. and offshore in the Cayman Islands.

Lori Holford joins the Atlas Charlotte team as Assistant Underwriter. Also new to the Charlotte office are Leah Covey, Account Manager; Stacey Oaks, Administrative Assistant; and Melissa Smith, Underwriting Assistant. Atlas expanded its Cayman Islands office with the hiring of Brenda Munnelly, Account Manager; and Deanna Thompson, Account Executive. 

“Atlas Insurance has always sought to provide the highest standards of client satisfaction by employing the best talent possible,” said Martin Eveleigh, Atlas Chairman. “These new additions to our growing company will help us advance strategically in the captive insurance industry.”

As the demand for captive insurance solutions continues to increase rapidly, captive managers are becoming an essential part of the industry’s growth. This increased interest is bringing new clientele to Atlas and has created the need to expand both offices. While adding to their client roster, Atlas continues to seek the most talented people in alternative risk finance to best serve their clients.

 

Atlas Insurance Management Implements N.C. Code of Ethics

NCCIA develops code to maintain high-quality captive industry

 

CHARLOTTE, N.C. (July 23, 2015) – Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, implemented a newly stated Code of Ethics constructed by the North Carolina Captive Insurance Association (NCCIA). The code was introduced by the NCCIA in May 2015, and Atlas Chairman Martin Eveleigh signed a written pledge adhering Atlas to the 10 principles of the new code.

The NCCIA Code of Ethics is a model of North Carolina’s commitment to uphold the highest quality captive industry practices in the country. Atlas adopted the code to communicate to clients and the public that captives are managed ethically and responsibly at Atlas. The code also clarifies the expectations for captive professionals in North Carolina, building and strengthening trust in the captive industry’s ability to develop.

“The implementation of this Code of Ethics is a mark of responsibility for all NCCIA members, and Atlas encourages this accountability,” said Martin Eveleigh, Chairman of Atlas Insurance Management. “Atlas has always held itself to a higher standard, and by implementing the new code we hope to continue to revolutionize the captive industry in North Carolina.”

Believed to be the first Code of Ethics created specifically for the captive industry, NCCIA developed the document to provide guidelines regarding the ethical formation and operation of captive insurance companies. To read more information about the newly developed NCCIA Code of Ethics, please visit www.nccia.org

 

Atlas Announces Upcoming Reputational Risk Webinar

Atlas and Anne Klein co-host third annual risk management discussion

 

CHARLOTTE, N.C. (July 29, 2015) — Atlas Insurance Management (Atlas) and Anne Klein Communications will host their third annual Reputational Risk Webinar on September 16 at 1:00 p.m. EST. This year’s webinar topic will focus on the devastating effects data loss can have on your company. The goal is to help participants better understand regulations governing communications after a crisis and to explain best practices for retaining customers and employees after a data loss event.

Reputational damage can affect a broad range of businesses. With many recent cases of corporations dealing with reputational risks, many prominent businesses are proactively instituting captive insurance programs to provide coverage for this potential damage. Atlas’s Reputational Risk Webinar will highlight awareness about the types of data loss that can affect a company while explaining the importance of developing a strategic crisis communications plan.  

“For many years captives have helped cover risks resulting from reputational damage,” said Martin Eveleigh, Atlas Chairman. “Risk management programs utilizing captive insurance act as a vital defense in crisis communications. Reputational risks are considered a secondary risk to a larger primary risk, but can often be more costly than the primary risk.”

To participate in this year’s complimentary Reputational Risk Webinar: Data Loss, contact Karen Hobensack at 704.945.6620. The webinar is expected to last approximately 45 minutes, but may exceed time depending on the amount of questions at the end.

 

Atlas Insurance Named as Finalist for Captive Award

Firm on shortlist for 2015 US Captive Services Awards

 

CHARLOTTE, N.C. (July 21, 2015) — Atlas Insurance Management (Atlas) has been selected as a finalist for Captive Review's US Captive Services Awards in the "Independent Captive Manager of the Year" category. This award recognizes firms who have excelled in the captive industry over the last 12 months. Judging criteria included providing the highest standards of customer care and satisfaction, innovative ways of managing client risk and insurance structures, evidence of business growth and key staff playing an active role in industry discussions and setting the agenda for the broader industry. 

The award ceremony will be held on August 10 in Burlington, Vermont prior to the Vermont Captive Insurance Association’s (VCIA) annual conference. The 2015 US Captive Services Awards are judged by risk and insurance professionals from seven American captive owning corporations. The full shortlist and list of judges are available here.

 

Atlas Insurance Management Opposes NAIC Proposal

Captive manager contests proposed accreditation requirements to captives

 

CHARLOTTE, N.C. (March 20, 2015) — Atlas Insurance Management (Atlas), a Charlotte-based captive insurance management firm, has written to the Chairman of the National Association of Insurance Commissioners' (NAIC) Financial Regulation Standards and Accreditation Committee to register its opposition to a draft proposal. The proposal would subject certain captive insurers to “Part A” accreditation standards, which would require them to abide by the same laws applicable to commercial insurers.

The NAIC proposals would apply to any property and casualty or life and health captive operating in at least one state other than its state of domicile. It would also apply to these captives reinsuring business that was directly written by a ceding insurer in at least two states.

“I firmly believe that captive insurance, just like commercial insurance, is a broad economic and social good, helping turn the wheels of commerce and allowing for-profit and not-for-profit entities to take and manage the risks inherent in the transaction of any business,” said Martin Eveleigh, Chairman of Atlas Insurance Management. “The adoption of this proposal would deny this good to many companies, including clients of Atlas, whose businesses operate across state lines.”

 

NCCIA Announces Martin Eveleigh as Chairman

President of Atlas Insurance Management elected to 2015 board

 

CHARLOTTE, N.C. (Feb. 24, 2015) — Martin Eveleigh was elected Chairman of the North Carolina Captive Insurance Association (NCCIA) at its annual meeting in December. Eveleigh has been a member of the NCCIA Board of Directors since 2013 and served as Chairman of the Annual Conference Committee in 2014.

“Martin Eveleigh is one of the best known individuals in the captive insurance community,” said NCCIA President and CEO Thomas Adams. “His election provides not only continuity but the strong leadership skills that will be necessary to continue North Carolina’s rise to becoming one of the top domiciles for captive insurance companies.”

Eveleigh is the President of Atlas Insurance Management (Atlas), a leading insurance management firm in Charlotte, which he formed in 2002. Atlas focuses on creating innovative captive insurance strategies for a wide variety of companies within U.S. and offshore domiciles. At Atlas, Eveleigh specializes in designing alternative risk transfer programs – particularly risk pools and captive structures.

“I am honored to be elected to lead the NCCIA Board as its Chairman,” said Eveleigh. “The past year and a half have been groundbreaking for captives in North Carolina, and 2015 holds much promise for more progress. I look forward to working with my fellow Board members to help support North Carolina captives and the expansion of the North Carolina captive program.”

Eveleigh will serve a one-year term as Board Chairman.  

 

Atlas Insurance Management Hires Ian Podmore as Vice President

 

Atlas Insurance Management, an independent captive management firm, welcomes Ian Podmore as Vice President with responsibility for new business programs and development.
 
Previously engaged as an underwriter in the U.K. and Charlotte (Bank of America and AmTrust) as well as a captive manager in Bermuda and Vermont, Podmore brings nearly 30 years of insurance industry experience to Atlas. In his new position, Podmore will focus on cost-of-risk solutions for single insureds and groups and on profitable risk participation for agents and program managers. He is also charged with further developing Atlas’ relationships with carriers, reinsurers and intermediaries across the U.S..
 
“We currently are experiencing a very high level of demand for captive insurance solutions and adding Ian to our Charlotte team helps us provide broader professional expertise as we deliver those solutions,” said Martin Eveleigh, Chairman of Atlas. “In addition to the first class management services that our clients expect, Atlas is proud to also give them access to the brightest, most creative people in alternative risk finance.

 

Atlas Insurance Management Secures First Three Captive Licenses in NC

 

CHARLOTTE, N.C., Jan. 3, 2014 – Clients of Charlotte-based Atlas Insurance Management have been awarded the first three captive insurance company licenses to be issued by the North Carolina Department of Insurance. Of the three captives formed, two were for clients from outside the State while the third was for a North Carolina resident company. The licenses were issued on Dec. 30 and Dec. 31.

Martin Eveleigh, Chairman of Atlas Insurance Management, welcomed the news. “We are really pleased to have obtained the first three captive licenses to be issued by North Carolina, and I know our clients have got a buzz out of that; but what pleases me most is the way the Department of Insurance has worked with us to get this done,” Eveleigh said. “The Director of Captive Insurance, Debbie Walker, and her entire team have been helpful, responsive and flexible, and their approach has been completely business-friendly. This is exactly the sort of approach that clients want to see, and I know we shall have more clients wanting to form their captives here in North Carolina.”

As well as the work done by Atlas, lawyers and actuaries in the Charlotte area also were involved in getting the three companies licensed. Eveleigh noted, “State legislators were told that passing captive insurance legislation would bring economic benefits to the State and should be seen, in part, as an economic development measure. This has proven to be the case with fees already earned by professional service providers in the State and premium taxes soon to be due from these captive insurance companies.”

The North Carolina Captive Insurance Act was signed into law on June 19, 2013. After funding for the State’s captive program was appropriated by the General Assembly, Insurance Commissioner Wayne Goodwin declared North Carolina open for business as a captive domicile on Oct. 23.

 

Atlas Insurance Management Approved as Captive Insurance Manager in NC

 

CHARLOTTE, N.C., Nov. 27, 2013 – The North Carolina Department of Insurance has approved the application of Atlas Management, LLC (DBA Atlas Insurance Management) to operate as a captive insurance manager in North Carolina.

This approval is a result of the June 2013 signing of the NC Captive Insurance Act, allowing North Carolina to become a captive insurance domicile. Prior to this legislation, NC captive insurance companies were required to be domiciled in another state that granted legal status or go offshore.

“After years of forming captives in other U.S. states, I’m very pleased to have the opportunity to now establish and manage them on our home turf,” said Martin Eveleigh, Chairman of Atlas Insurance Management. “Captives domiciled in North Carolina will benefit from reasonable capital requirements and competitive premium tax rates. Importantly, the regulatory team at the North Carolina Department of Insurance has already demonstrated its commitment to being flexible and business-friendly.”

A captive is an insurance company that is created and owned by a parent company to insure the risks of that parent. Essentially, it is a form of self-insurance and serves to cover the risk management needs of its owner or members. Captives provide significant tax and nontax advantages and can provide coverage when it’s unavailable or unreasonably priced. However, planning, forming and managing a captive is a complex undertaking, which is why finding the right captive insurance manager is so important.

NC Commissioner of Insurance Wayne Goodwin has added Atlas to the list of approved captive managers on North Carolina’s captive insurance website, www.nccaptives.com.