Wesley Sierk is the President and Lead Strategist for Risk Management Advisors, Inc, and a Board Member of The Due Diligence Project™.

Wesley is an expert in captive insurance design, implementation and management. He is a frequent speaker to industry associations as well as law and CPA firms on asset protection and how ordinary businesses can escape the hard/soft market of insurance by creating their own closely-held insurance companies. 

He is the author of Taken Captive: The secret to capturing your piece of America’s multi-million dollar insurance industry. 

In this interview we discuss:

• What is a captive insurance company?
• Why form a captive?
• What are the risks associated with forming and operating a captive?
• How Warren Buffet rates owning insurance companies amongst his other investments
• How Wesley’s clients’ range from boat builders, to energy drink companies, to a collection of 14 high end plastic surgeons, to a variety of manufacturing companies.
• How all of his captive clients are doing a minimum of $10 million dollars of revenue, an average of $50 million, and even a couple of clients in excess of $1billion in revenue
• The reason why traditional health insurance companies are not run as efficiently as the could be, and how setting up a captive insurance company can change this

Connect with Wesley Sierk at:

LinkedIn
Website