Illinois-based insurance professional recognized as an industry elite

DENVER - March 11, 2020 - PRLog -- An Illinois-based insurance professional has been recognized in a prestigious list of the 100 movers and shakers whose contributions have helped shape the insurance industry.

Captive Resources' Nicholas J. Hentges has been included in Insurance Business America magazine's annual Hot 100 report, spotlighting the insurance professionals who have rocked the industry with their innovations, leadership and achievements over the past year.

Hentges has an extensive background with insurance company, brokerage, and captive consulting and management operations. In 1993, he joined Captive Resources to develop and manage both homogeneous and heterogeneous member-owned group captives. He was a member of the management team that acquired the assets of Captive Resources and Cayman Islands-based sister company Kensington Management Group from its publicly held parent company in 2002. Hentges uses his 26 years of captive experience to educate corporations about the benefits of pooling their resources and lowering their insurance costs through the formation of member-owned group captive insurance companies. As co-CEO of Captive Resources, which represents 4,700 shareholders in 40 member-owned homogeneous and heterogeneous group captives with total annual written premium of $2.7 billion, Hentges oversees business development, administration, finance, claims and risk control, travel, and human resources, in addition to focusing on the company's long-term strategic plans.

"It's impossible to anticipate what a year will bring. Natural disasters. Technological advances. An erratic market. Retirements, promotions, evolving industry, changing consumer demands. But despite the unpredictability, the insurance industry has continued to thrive – and much of that success can be attributed to the following 100 individuals," says the Insurance Business team. "From presidents of companies who have branched out to launch new firms to insurtech and cyber innovators to third-generation insurance professionals climbing the ladder of the family business, the 100 men and women featured on IBA's annual Hot 100 list have used the last 12 months to push the industry forward. Their inclusion is a testament to the mentorship, vision and dedication they displayed this year."

For the full report see issue 7.12 of Insurance Business America magazine out now. To view the list and to find out more about Hentges, click HERE (https://www.insurancebusinessmag.com/us/special-reports/h...).

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Insurance Business America is the country's leading business magazine for today's sophisticated commercial insurance broker/agent. Insurance Business America engages the decision-makers who matter by publishing an industry-standard magazine that supports both the business and best-practice requirements of today's commercial broker.

Insurance Business America is a key business resource that professional brokers/agents turn to for in-depth industry issues, news and news analysis, market trends, business analysis and intelligence. It tackles the issues not covered by other publications, reporting on companies that shape the industry and providing analysis.