CONTACT: Jim Farrell, PR
First, 781-681-6616, jfarrell@prfirst.com
H.J. Knight International EVP Matt Lanza leads
seminar on insurance captives for National Limousine Association and
International LCT in Las Vegas
BRAINTREE and KINGSTON, MA, ISSUED MARCH 24, 2014…Matt
Lanza, Executive Vice President of H. J. Knight International Insurance Agency
(www.knightint.com), a leading full service brokerage firm specializing in insurance and risk management
solutions, recently led a seminar at the 2014 International LCT (Limousine, Charter &
Tour) and National Limousine Association convention held in Las Vegas, NV.
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The show, held February 16 to 18 at the MGM Grand Hotel & Casino,
drew thousands of limousine, tour and charter operators and exhibiting
suppliers. Celebrating
its 30th year, the International LCT Show is regarded as the biggest convention
for limousine, charter and tour operators in the world. It is considered the
premier destination for operators around the globe seeking education, product
showcases and peer-to-peer networking.
Lanza
was chosen to lead a seminar, “Own Your Insurance Company – Captive Insurance
Planning,” for attendees as part of the educational programs. The seminar addressed the tax, legal and regulatory
information on structuring, implementing and operating a carrier’s own captive
insurance program. Topics covered included business reasons for forming a
captive insurance company, a review of IRS provisions for captives, meeting the
risk distribution test through third party risk, investments of a captive,
distribution of captive profits and liquidation.
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“This was a great opportunity to
educate individuals in the transportation industry about the benefits of
captives,” said Lanza, a Kingston resident, who also added, “This creative risk
transfer technique can significantly benefit not only the company, but it’s individual
owners (s) whose loss experience and commitment to safety is better than their industry
counterparts. The cost of insurance for the transportation
industry has always been a difficult line item to manage as a business owner
and therefore has constantly warranted creative risk management solutions and
the captive concept has filled that role for many companies.”
About Knight International Insurance Agency
For more than 25 years, Knight International has been an
industry leader in the commercial insurance and risk management industry. The agency designs and services a wide
variety of coverage programs for mid- to large-sized companies in all
industries, nationally and internationally. Services and products include
traditional insurance, captives and alternative products, health benefits, life
and disability insurance, personal lines, retirement funding, and wealth and
estate planning for employers and their employees. The management team has on
average more than 25 years’ of industry experience each. Knight International
has been certified as a Disadvantaged Business Enterprise (DBE) by the
Massachusetts Supplier Diversity Office. Jeannette Lanza serves as the
company’s President. Knight International is located at 30 Braintree Hill
Office Park, Suite 203, Braintree, MA 02184. For additional information, please
call (781) 966-3700 or visit www.knightint.com.
