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Wrong George Rusu?

Mr. George V. Rusu

Co-Founder, Chairman and Chief Executive Officer

Captive Resources LLC

Direct Phone: (847) ***-****       

Email: g***@***.com

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Captive Resources LLC

201 E. Commerce Drive

Schaumburg, Illinois 60173

United States

Company Description

Captive Resources, LLC is an independent captive consulting company dedicated to empowering businesses to control their insurance costs and develop organizational cultures that exemplify the very best safety and loss prevention practices. For over thirt ... more

Find other employees at this company (187)

Background Information

Web References (17 Total References)

Leadership - Captive Resources [cached]

George Rusu, CPCU, Chairman and CEO, co-founder of Captive Resources, has led the company's growth for more than 30 years. George is responsible for the overall representation of Captive Resources to its captives and strategic oversight and direction of all operations, including acquisitions. He has served as a director of numerous companies, including Captive Resources' Captive Investors Fund, and industry associations.

Captive Insurance Agent | Captive Resources [cached]

George Rusu (Chairman & CEO)

George Rusu CPCU, Chairman & CEO, co-founder of CRI, has led the company's growth for more than 20 years. He has served as a director to numerous companies including CRI's Captive Investors Fund and to industry associations.

George ... [cached]

George Rusu

George Rusu Chairman and CEO - Captive Resources, LLC

Captive Resources : Meet CRI's Leadership Team [cached]

George Rusu CPCU, Chairman & CEO, co-founder of CRI, has led the company's growth for more than 20 years. He has served as a director to numerous companies including CRI's Captive Investors Fund and to industry associations.

However, for some, such as George ... [cached]

However, for some, such as George Rusu, co-founder, chairman and CEO of Captive Resources, LLC (CRI), this is a phenomenon that started more than 25 years ago.

For Rusu, and his team at CRI, it started when they began work on Raffles, a member-owned captive, in the mid-1980s. "Up to this point," he says, "the majority of captive formations were generated by Fortune 500 companies.
One of the other major selling points of the Caymans, according to Rusu, was the vision provided by the original legislation. While the Caymans, like many other domiciles, has revised its legislation to take into consideration the changing requirements of regulators, its original legislation has remained intact. He says that this has shown that the domicile's long-term strategies about regulating captives have been correct and in sync with its initial vision.
Bottom line, all three of CRI's executives agree that "the Cayman Islands are in the business of wanting to help you start your captive. And while at the time (mid-1980s) the domicile was best known as a health care captive domicile, Rusu says, "They welcomed our group captives.
Rusu concurs, indicating: "We have made a big commitment to our educational programs to the brokerage community, as well as prospective captive members.
In fact, Rusu believes that the captive market is poised for explosive growth. He points out that as the economy continues to improve, companies will begin to see their exposure base grow as well. Increasing personal property values, payrolls, sales, etc., will cause a corresponding increase in premium. Further, since the organizations that typically gravitate to captives tend to be the better accounts, Rusu believes that they will be among the first to see this organic growth.
He also points out that over the past few years, many organizations have expressed an interest in the captive concept.
According to Rusu, CRI has been able to provide over $550 million in dividends since the captive programs started. But even more impressive, says Rusu, is the fact that, despite the state of the economy last year, dividends of over $100 million were returned to the captive owners. "Being able to return these types of numbers is really important to our member companies, especially in these difficult economic times."
CRI is set up to serve mid-sized brokers that are looking for ways to expand into the ART market without making a major investment of time and talent. With more than 25 years of successful experience, it has developed a formula that can assist these brokers in dealing with those mid-sized accounts that may wish to move to a more sophisticated approach to risk financing.
Captive Resources executives (from left): Nick Hentges, Executive Vice President/Sales Manager; Jennifer Beard, Chief Operating Officer; and George Rusu, Co-Founder, Chairman and CEO.

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