Knowledge Center

May 2017 Newsletter

River Oak Risk Newsletter: May 2017 Download the Newsletter in PDF

May 18, 2017|Categories: Articles/Resources|

Captive Insurance Times – May 2017

Article: Running into Trouble. Due diligence is needed to make sure that a captive is set up for the correct reasons and is handled by an experienced insurance professional.[…] Publication: Captive Insurance Times Date: May 2017 Download the Article in PDF

May 5, 2017|Categories: Articles/Resources|

Event: North Carolina Association of CPAs’ 77th Annual Symposium

Event: North Carolina Association of CPAs’ 77th Annual Symposium Topic: Captive Insurance Speakers: Kim Bunting Date/Time: November 16, 2016 from 8:00 am – 8:50 am Location: Grandover Resort & Conference Center, Greensboro, NC

November 4, 2016|Categories: News Releases|

Event: BDO Alliance USA – Knowledge & Education Events & Webinars

Event:  BDO Alliance USA – Knowledge & Education Events & Webinars Topic:  Hot Topic for Middle Market Advisors: Forming Captives Properly – What You Must Know Speakers:  Doug MacGinnitie, Kim Bunting and Debbie Walker, NCDOI Captive Commissioner Date/Time:  November 10, 2016 from 1:00 pm – 2:00 pm

November 4, 2016|Categories: News Releases|

Event: Taylor English – Tax Talks

Event: Taylor English – Tax Talks Topic: Captive Insurance Companies: Many Benefits for Middle Market Business Owners and Their Trusted Advisors Speakers: Doug MacGinnitie and Kimberly Bunting Date/Time: November 9, 2016 7:30 am – 9:00 am Location: Davio’s, 3500 Peachtree Road NE, Atlanta, GA 30326

November 2, 2016|Categories: News Releases|

Captive Insurance for the Middle Market

Journal of Accountancy – November 2016 By Kimberly S. Bunting, COO of River Oak Risk, LLC and Phyllis Ingram, Partner with Carr Riggs & Ingram, LLC Recent IRS guidance and court cases, plus PATH Act changes, make captives more attractive to medium-size companies. Business, by nature [….] Download Article PDF

November 1, 2016|Categories: Articles/Resources|

Georgia Captive Insurance Association 2016 Annual Conference

Conference: Georgia Captive Insurance Association 2016 Annual Conference Topic: Captive Owner/Manager Panel Discussion Panelist: Kimberly Bunting Date/Time: October 25, 2016 1:00 pm - 6:30 pm Location: 3343 Peachtree Road, NE, Atlanta, GA 30326

October 25, 2016|Categories: News Releases|

2017 Tax Changes Could Lead to Opportunities for Small Property/Casualty Insurance Companies.

BDO Insights:  BDO Knows: Insurance – October 2016 As part of the 2015 Protecting American from Tax Hikes (“PATH”) Act, a significant change was made to the Internal Revenue Code (“IRC”) provision IRC Section 831(b), which provides for an alternative tax for small [….] Download Article PDF

October 1, 2016|Categories: Articles/Resources|

Doug MacGinnitie Speaks at NC Captive Insurance Association’s 2016 Annual Conference

Speaker:  Doug MacGinnitie of River Oak Risk Topic:  Risk Pooling – Key Considerations for Group & Pure Captives Event:  NC Captive Insurance Association’s 2016 Annual Conference Location:  Charlotte, NC Date: August 23, 2016 Link:  http://www.nccia.org/events/

August 5, 2016|Categories: News Releases|

Sheila Dizon joins the River Oak Risk Team

Press Release – July 2016 River Oak Risk is pleased to announce that Sheila Dizon has recently joined the company as a Managing Director. Doug MacGinnitie, Chief Executive Officer stated “Sheila has significant experience in the finance industry and will add additional footprint to River Oak Risk’s operations. We are expanding our captive management services and solutions in the West Coast and Hawaii territories, and [...]

July 22, 2016|Categories: News Releases|

2016 Charlotte Thought Leaders Symposium

Speakers: Doug MacGinnitie of River Oak Risk; Debra Walker, North Carolina Department of Insurance; and Greg W. Isley of Greg W. Isley, CPA, PA Topic: Safe Harbor Captive Insurance Companies Event: 2016 Charlotte Thought Leaders Symposium Location: The Marriott at SouthPark, 2200 Rexford Road, Charlotte, NC 28210 Date: June21st from 8:30 am to 4:30 pm

June 17, 2016|Categories: News Releases|

Meet Jack – a Captive Insurance Video

May 3, 2016|Categories: Articles/Resources|

Sweet Home Alabama (or Georgia, or Tennessee, or Vermont)

Article:  Sweet Home Alabama (or Georgia, or Tennessee, or Vermont) Four US states are revising their regulations in a bid to stay competitive. Publication:  Captive Insurance Times Date:  April 2016 Download the Article in PDF 

May 1, 2016|Categories: Articles/Resources|

SFSP Breakfast Meeting

Speakers:  Doug MacGinnitie, River Oak Risk CEO and Debbie Walker, NC Deputy Commissioner of Insurance   Topic:  NC Captives Organization:  Society of Financial Service Professionals, Greensboro, NC Chapter Location:  Starmount Forest Country Club, 1 Sam Snead Drive, Greensboro, NC Date:  Tuesday, April 19, 2016

April 18, 2016|Categories: News Releases|

River Oak Risk – Newsletter

From the desks of: Doug MacGinnitie and Kim Bunting April 2016 PROTECTING AMERICANS FROM TAX HIKES (PATH) ACT OF 2015 At the end of 2015, the Protecting Americans from Tax Hikes (PATH) Act of 2015 became new law. The PATH Act was part of a large budget and tax deal that cleared Congress and was signed by President Obama just before year end 2015. Altogether, [...]

April 4, 2016|Categories: Articles/Resources|

Paula Mott Joins the River Oak Risk Team

Douglas MacGinnitie and Kimberly Bunting are pleased to announce that Paula Mott has recently joined River Oak Risk as a Managing Director. Doug MacGinnitie, Chief Executive Officer stated “Paula has significant experience in the insurance and financial services industries and will be a great asset to River Oak Risk. We are expanding our captive management services and solutions in the Southwest, particularly Texas, and Paula [...]

March 17, 2016|Categories: News Releases|

Georgia Captive Legislation Update

Senate Bill 347 unanimously passed the Georgia Senate on February 26th and has been sent to the Georgia House Insurance Committee for review. The bill revises the current law and includes extensive changes to the captive insurance provisions, including adding a new definition for agency captive, expansion of the definition of a risk retention group captive, allowing accident and sickness insurance to be written by [...]

March 17, 2016|Categories: Articles/Resources|

Protecting Americans from Tax Hikes (PATH) Act of 2015

At the end of 2015, the Protecting Americans from Tax Hikes (PATH) Act of 2015 became new law. The PATH Act was part of a large budget and tax deal that cleared Congress and was signed by President Obama just before year end 2015. Altogether, there were $622 billion in tax breaks in the massive bill. A part of PATH is Section 333 which was [...]

January 20, 2016|Categories: Articles/Resources|

Billy Hasty and Doug MacGinnitie Elected to University System of Georgia Foundation, Inc.

ATLANTA – (Aug. 17) – Sachin Shailendra, chair of the Board of Trustees of the University System of Georgia Foundation, Inc. (USG Foundation), announced that William G. “Billy” Hasty and Douglas J. “Doug” MacGinnitie were unanimously elected to the board. Hasty and MacGinnitie will serve three-year terms ending in June 2018. The mission of the University System of Georgia Foundation is to support and advance [...]

August 18, 2015|Categories: News Releases|

Doug MacGinnitie Speaks at the Sandy Springs Rotary

August 10, 2015|Categories: News Releases|

Lunch and Learn – Captives: Many Benefits for Middle Market Business Owners & Their Trusted Advisors

Speakers:  Doug MacGinnitie and Debbie Walker, Director of Captive Insurance for the NC Dept. of Insurance Description:  A discussion regarding benefits of captive insurance for the middle market business owners and their advisors and how North Carolina has distinguished itself as a domicile. Location:  City Club Raleigh, Raleigh, NC Date:  May 6, 2015

April 27, 2015|Categories: News Releases|

River Oak Risk, LLC Launches its Tenant Liability Captive Program

The Tenant Liability Captive Program is a turnkey insurance program for apartment, storage unit, student housing and vacation property rental company Owners.  The Program covers losses caused by Tenants to the Owner’s property.  The Program provides protection to the Owner and is a valuable profit generating opportunity for the Owner. Download Our Tenant Liability Brochure

April 27, 2015|Categories: News Releases|

Conference: SAS® Day 2015 at Kennesaw State University

Title: Using Data in the Public Sector Description:  The former State Revenue Commissioner, Doug MacGinnitie, will discuss how he and his leadership team used data to implement changes in 3 key areas: improving customer service, focusing compliance efforts on under or non-reporting taxpayers, and fighting fraud. Speaker:  Doug MacGinnitie Date:  Friday, April 17, 2015 Location:  University Rooms at the Carmichael Student Center, Kennesaw State University

April 15, 2015|Categories: News Releases|

Conference: 14th Annual North Carolina/South Carolina/Georgia Tax Section Workshops

Speaker:  Doug MacGinnitie Topic:  Captive Insurance:  Do It Right (or Don’t Do It At All) Description:  While 90% of F500 corporations own large captives, the Middle Market has seen explosive growth with small captives.  However, many are poorly formed and the IRS and Tax Court have increased scrutiny.  MacGinnitie will show us the tax benefits available to those that form Captives correctly. Location:  Kiawah Island [...]

April 7, 2015|Categories: News Releases|

Lunch & Learn – Captives: A Smart Strategy for Business Owners & Their Trusted Advisors

Speakers: Doug MacGinnitie and Debbie Walker, Director of Captive Insurance for the NC Dept. of Insurance Description: A discussion regarding benefits of captive insurance for the middle market business owner and how North Carolina has distinguished itself as a domicile. Location: Georges Brasserie, Charlotte, NC Date: March 4, 2015

February 25, 2015|Categories: News Releases|

Press Release – January 2015

Douglas J. MacGinnitie and Kimberly Bunting are pleased to announce the formation of River Oak Risk, LLC, a company that will focus on the formation and management of captive insurance companies for the middle market. MacGinnitie will serve as the new company’s Chief Executive Officer and Bunting will serve as the Chief Operations Officer. Doug MacGinnitie, Chief Executive Officer, stated “Kim and I believe that [...]

February 3, 2015|Categories: News Releases|

What is a Captive Insurance Company?

Captive Insurance Companies (CICs) are insurance companies established by businesses or owners of businesses with the specific objective of insuring risks of those businesses. CICs were first established in the 1950s and have since been an integral part of the risk management portfolios of many large companies. Over 90% of Fortune 1000 companies have one or more CIC, and over half of all property and [...]

January 19, 2015|Categories: Articles/Resources|Tags: , |

MacGinnitie Speaks at Georgia State University

Doug MacGinnitie Speaks at Georgia State University to Filipino Delegation on Tax Compliance.

January 2, 2015|Categories: News Releases|

Midmarket Companies Eyeing Texas For Captive Insurance

River Oak Risk CEO Kimberly Bunting quoted in Law360.com article: By Jess Davis Law360, Dallas (June 04, 2013, 9:42 PM ET) -- Texas on Monday became the latest state to allow the formation of captive insurance carriers with a new law experts say has the potential to save money and ease headaches for businesses already using the powerful risk management tool, and could create a market [...]

June 4, 2013|Categories: News Releases|Tags: , |

Possibilities and Pitfalls With Captive Insurance Companies

Estate Planning - August 2011 BY KIMBERLY S. BUNTING, J. SCOT KIRKPATRICK, AND KAREN S. KURTZ, ATTORNEYS Profitable family businesses can use captive insurance companies to manage business risk and shift wealth accumulated in a profitable captive from senior to junior generations thereby avoiding inclusion of those funds in the senior generation's estates. A captive insurance company ("Captive" ) is an insurance company formed by a business owner to [...]

August 19, 2011|Categories: Articles/Resources|

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