Somers Risk Consulting

Captive Consulting and Management

What We Deliver

Somers Risk Consulting combines strong consulting support with quality captive management services. We work closely with our clients during the feasibility and implementation phases to ensure that recommended solutions are practical and optimal, that they are implemented effectively, and that they deliver long-term value.

The Somers Risk Consulting Difference

We are a boutique firm, top-heavy in experienced consultants. Our many collective years of captive experience translate into thoughtfully constructed, unique captive programs that are tailored to a client’s specific needs. Our experience is in both the traditional and captive insurance worlds, and our backgrounds are in the financial, regulatory, and insurance industries. At Somer's Risk, we prioritize client education, ensuring your full understanding of the risk management tools and financial rewards that captives bring to the table.

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We continue to consult with our clients on an ongoing basis as part of the captive process. We don’t simply manage the captive once established. We handhold as needed and typically become an integral part of our client’s risk management team.

We ensure the captive continues to operate effectively and adapts to the changing business and risk management needs of our client, as well as to changing insurance and business environments. Our key people meet with each client at least once a year, and more often if desired, to discuss and update short-term and long-term strategies. We are always available, and questions and ideas are welcome.

We provide turnkey customized solutions. Our extensive experience has developed a client list from simple small captives to a commercial insurance company.

We have strong long-term relationships with experienced insurance, legal, accounting, and regulatory professionals. As a result, we know where to go and obtain the best for our clients when outside resources are needed.

We provide onshore and offshore management. We are approved in multiple domiciles and will work with the domicile that works best for each client.

Offering a Full Range of Captive Services

Captive feasibility and analysis

Working with domicile regulators to establish the captive

Program development and implementation

Managing your captive with ongoing strategic guidance

Meet Our Team

Kathryn Marsh

Managing Director

Kathryn Marsh, after 30+ years of experience in various facets of the captive industry working for a range of companies, formed Somers Risk in 2011.

Prior to establishing Somers Risk, Kathryn held consulting positions with boutique captive consulting firms as well as large firms, including KPMG and AON. At AON, she headed the company’s regional quantitative and alternative risk groups and was chair of the company’s Captive Council, a network of the key captive personnel worldwide. Her employment at KPMG was within the Structured Risk Financing Group of KPMG’s Tax Practice, where she was fully immersed in captive tax strategy. Kathryn also spent a number of years managing captive insurance companies in Bermuda with Marsh and Johnson & Higgins, and was the director of risk management for NCR Corporation. Most recently she was the insurance expert within the management team of a cell phone insurance company, where she structured and implemented the risk program that helped grow the entrepreneurial small company into one that was acquired by Brightstar, a $5 billion global distributor of mobile communication equipment.

Kathryn has a Bachelor of Business Administration degree majoring in Insurance from St. John’s University in New York and an MBA with a double major in Finance and Multinational Management from the Wharton School of the University of Pennsylvania. She holds the Chartered Property and Casualty Underwriter (CPCU) and Associate in Risk Management (ARM) designations. Director, Captive Management.

Lawrence Cook

Director, Client Services

Lawrence has a broad range of captive and insurance experience, which is invaluable in the ongoing consulting and strategic advice he provides to Somers Risk clients.

Lawrence’s diverse forty-year background in the captive industry includes roles in brokerage, group captives, risk retention groups, insurance/reinsurance companies, and third-party claims administration (TPAs). One of Lawrence’s key areas of expertise is in the development and operation of group captives requiring program management, which he has done for diverse industries, both offshore and onshore.

Past positions include Sedgwick, Director of Program Management; IMA, Inc., Vice President, Risk Manager/Cornerstone Risk Solutions, Business Development and Carrier Relations; Travelers/Discover Re in various positions; Chubb (legacy ACE Captive Solutions), Vice President; Risk Design Group, Consultant; Arch Insurance Company/First American Insurance Company, Vice President and Member of the Board of Directors; TIG Insurance in several positions; and Drayton Company Ltd. (a Bermuda association captive), President; and Drayton Risk Retention Group, Ltd. (a Vermont Risk Retention Group), President; Johnson and Higgins Detroit, New York, and Bermuda, Assistant Vice President and Program Manager.

Lawrence currently serves on the Tennessee Captive Insurance Association's Conference Committee. He recently retired from the Board of Directors of the Vermont Captive Insurance Association, after XX years of service.

Lawrence holds a bachelor’s degree from Adrian College.

Deonna Rogers

Manager, Captive Consulting

Deonna Rogers is an operations and compliance professional with over a decade of experience in regulatory oversight, legal support, and strategic project management.

Prior to joining Somers Risk, Deonna served as Licensing Manager for both the captive division and traditional division of the South Carolina Department of Insurance. In that role, she spent more than five years involved in insurance company licensing, compliance, and regulatory operations.

Prior to her role at the SCDOI, Deonna was a legal assistant for the South Carolina Attorney General's Office, where she managed a caseload across multiple circuits. Deonna was also a clerk for the South Carolina State Grand Jury and Clerk of Courts.
Deonna holds an Associate's Degree from Troy University and is pursuing her Bachelor's in Global Business.

Brij Juwaheer

Senior Manager, Accounting

Brij Juwaheer is an accounting professional with over 9 years of experience in accounting, tax, payroll and insurance. Brij oversees Somers Risk’s captive accounting and regulatory operation, and he leads the team of account managers who service and fulfill each captive’s financial and regulatory needs.

Prior to joining Somers Risk, Brij worked within Arch Global’s global business sector, where he served as an accountant for international reinsurance brokers and real estate groups. Brij also worked for a portfolio of domestic companies with various industrial backgrounds, based in Mauritius. In this role, he was responsible for the company’s financial, payroll and tax reporting.

Brij is near completion of achieving the ACCA qualified accountant designation.

Our Expertise

Somers Risk Consulting specializes in the design, structuring, and implementation of captive insurance and other alternative risk financing programs. We provide complete solutions from captive concept, feasibility, design, and structure to development, implementation, and ongoing management. We combine strong ongoing consulting support with quality captive management services. We work closely with our clients from concept to completion to ensure that recommended solutions are practical, optimal, effective, and deliver long-term value.

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Why Somers Risk Consulting?

Turnkey to customized solutions based on your needs. We foster our relationships to maintain lines of contact with clients and touch base about changes with businesses over time.

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Ongoing consultative services to ensure the captive continues to operate in a highly effective manner and adapts to changes in the business, insurance, and regulatory environments.

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Strong, long-term relationships with experienced insurance, legal, accounting, and regulatory professionals in the alternative risk and captive insurance industries.

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