About Us
After 30+ years in the insurance industry, in senior leadership positions across specialty (re)insurance broking, risk management and risk finance consulting, non-traditional solutions and captives, I am fulfilling a long held ambition to establish a truly independent consulting business. Ri3k will focus on providing services and solutions to corporates, captives and other industry participants. Our goal is to deliver tangible results by helping clients unlock the rewards that come from intelligent risk-taking. Please contact us if you or your organisation has complex risk-related problems, requires an expert non-executive director role, or indeed would benefit from an independent set of eyes across such areas as: (re)insurance programme design and structuring, risk retention analysis, captive feasibility/re-feasibility, non-traditional risk finance solutions, insurance or broker procurement. Call us, we would be happy to have a no obligation conversation.
Ken MacDonald
Risk
Risk is inherent in every human activity. But without risk-taking, there is no progress. Managing the downside of risk, while capturing the upside, is a key tenet of risk management.
Rewards
Capturing the upside of risk requires know-how, experience and an independent viewpoint.
Results
Using risk finance to benefit from intelligent risk-taking will reduce your long-term cost of risk, provide stability to your (re)insurance costs, and give you more control over future costs.
Services
Captives
Non-traditional risk transfer solutions
Non-traditional risk transfer solutions
For organisations with large and/or complex risk profiles, captives remain the most valuable tool in an insurance buyers' armoury to manage risk. We offer services across the full captive life cycle: feasibility, re-feasibility, development, strategy, and wind-up.
Non-traditional risk transfer solutions
Non-traditional risk transfer solutions
Non-traditional risk transfer solutions
We provide consulting assistance in the strategy, design and implementation of non-traditional risk finance solutions. Non-traditional solutions - encompassing risk finance vehicles such as captives, PCC's, etc - are characterised by a high degree of analytics and do not follow the traditional insurance value chain.
(Re)insurance procurement assistance
Non-traditional risk transfer solutions
(Re)insurance procurement assistance
We can assist your organisation in tender processes to procure the most appropriate insurance programme, or in selection of your insurance broker.
Non-executive director
Non-executive director
(Re)insurance procurement assistance
With over 30 years of experience in a wide variety of areas of the (re)insurance market, we can provide you with expert, and independent NED resource for your organisation, be it a captive, mutual, MGA/MGU or other form of insurance or reinsurance organisation.
Special situations
Non-executive director
Corporate development
Your organisation may encounter a difficult issue, and require expertise on a short term basis. It could be renewing a complex (re)insurance programme following a large claim or hardening market, or trying to navigate the myriad of options available to structure a coherent risk finance strategy.
Corporate development
Non-executive director
Corporate development
We can provide consulting assistance in vanilla or complex M&A transactions for brokers or MGA's by providing unique industry insights to the UK and London broker markets.