- Posted by: Matt Flanagan
- Category: news
Burlington, VT, October 9, 2017
Green Mountain Sponsored Captive Insurance Company (“Green Mountain”), Vermont’s largest independently owned protected cell captive, has hired Chris Kramer as its Managing Director, to lead the firm’s development and expansion plans. Green Mountain is an affiliate of Strategic Risk Solutions and was formed in 2012 to provide clients and brokers with a cell facility supported by best in class captive management services in the US’s leading captive domicile.
Mr. Kramer’s career spans over 30 years in the Property, Casualty, and Alternative Risk Financing industry. A frequent contributor to publications and trade groups, he is credited with the creation of a number of captives, risk retention groups and start up profit centers for private and public enterprises. He has also been responsible for the inception and development for several cell captives, including Global Re, one of the largest cell captives in Barbados.
“I am thrilled to have an opportunity to take Green Mountain to the next level and assist clients and brokers in putting together new programs. Working with SRS and having a Vermont based facility like Green Mountain presents some exciting opportunities to do creative programs on an efficient and turn-key basis”, said Mr. Kramer.
Brady Young, CEO of SRS and a board member of Green Mountain, offered “We have been pleased with the progress we have made with Green Mountain but with Chris leading the effort on a full time basis, the owners of Green Mountain are confident we will see significant growth in several areas including medical stop loss captives, traditional single parent programs and agency captives now that these captives can be formed in Vermont”.
According to Kramer, “Green Mountain is not just another rent-a-captive facility. Together with the team of captive experts at SRS, Green Mountain works collaboratively with our clients and their brokers to provide feasibility studies, implementation and ongoing management services. In addition, Green Mountain is domiciled in Vermont, the “gold standard” in captive regulation for those clients that want an independently owned onshore cell captive facility to manage their risk.”
More information, including applications and how to use captives for employee benefits, commercial insurance or program business, can be found on the Green Mountain website.
Inquiries about Green Mountain which has offices in Burlington, VT and Atlanta, GA, should be directed to Chris Kramer at firstname.lastname@example.org
About Green Mountain’s Shareholders
Elevanta is an association management organization based in Kennesaw, GA. Created over 20 years ago, Elevanta offers a full suite of services such as executive leadership, administrative support, financial management, employee benefits, convention services and advocacy to our clients.
Southern Insurance Underwriters, Inc., is based in Alpharetta, Georgia, and is a Certified Managing General Agency. It provides access to Commercial Property & Casualty, Commercial Transportation, Personal Auto, Personal Property, Professional and Standard Lines.
Strategic Risk Solutions is the 4th largest captive management firm in the world and the leading independently owned manager. It provides financial reporting, regulatory compliance and program management services to existing and prospective captive insurance companies. Its ownership in Green Mountain is owned via an affiliate company.