Team | Reinsurance Specialties

Meet the Team

The Reinsurance Specialties team works hard on identifying, qualifying, educating and onboarding successful business owners onto our best-in-class PORC model of captive insurance. Once clients are onboarded (joining 500+ clients (insureds) in 30 US states), they are serviced with turnkey deliverables by a team of seasoned subject-matter-experts.

Co-Founder and CEO

Craig Clemons

With a c-suite Fortune 500 background and recently serving as Vice President, PR and Business Development for the world's most successful franchised staffing company (600,000 associates and 65,000 customers worldwide earning $3.5B annually), Craig co-founded Reinsurance Specialties in 2019 with a focus on Business Development, Client Education, Compliance, Branding, Communication and Customer Relations.

Today, Reinsurance Specialties is the top marketplace representative of the PORC model made popular by the passing of 831(b) election legislation by President Ronald Reagan/Congress in 1986.

General Counsel

Reagan Allen

Having worked at top law firms in the midwest including Crowe Dunlevy, Reagan Allen

was awarded Oklahoma Super Lawyer’s Rising Star in Business Litigation. Reagan's legal advice for prospective clients is invaluable in the space of compliance, tax filings, captive structure, generational wealth transfer and much more.

Conclusion from Reagan's research and often-counseled exchange with business leaders: "A privately held 831(b) captive can potentially save 20-30% annually in income taxes allowing that extra cash to be retained within a business family to protect and strengthen the business enterprise group."

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President

Randy Kamp

A recognized name in Oklahoma and having earned his CPA and Juris Doctorate degrees, Randy Kamp is a strategic subject matter expert associated with our best-in-class reinsurance model. Randy is also the President and CEO, KampCo Foods and recently owned the Johnny Carino's restaurant chain across the midwest. As a successful entrepreneur, Randy provides invaluable insights, risk management consultation, and best-practice applications.
Quote:

"I love helping business owners better understand how to apply this strategic tool to advance business goals and objectives. Many colleagues enjoy compliantly moving pre-tax monies off of their balance sheet via self-insurance."

Vice President

Wade Tower

Wade Tower was celebrated at Mass Mutual for TOP PRODUCER and received numerous sales, production and client services awards over several decades. With a commercial P&C background and understanding how traditional premium/deductability can be mitigated and adjusted through reinsurance and a PORC captive model, Wade is an excellent communicator and recognized specialist within groups of regional business leaders.

Upon unpacking business model and illustrating the value proposition and competitive advantages of Reinsurance Specialties, Wade likes to say, "If a business owner has grown tired of paying excessive premiums to a commercial P&C...only to file zero or very few claims over a period of years, they should absolutely look at self-insuring relevant corporate risks and begin enjoying the same level of underwriting profits."

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Vice President

Robert Ferguson

With nearly 20 years in the reinsurance industry, Robert is known throughout the US as an irreplaceable subject-matter-expert having counseled, onboarded and served hundreds of business owners and clients (insureds). Robert's knowledge of all captive models (and their direct and indirect pros and cons) allows his audiences to understand decision-making points ranging from which entity should be used to domicile structure, why the actuarial process is necessary, how claims are processed, what options business leaders have with captive premiums and much more. Scott adds, "If a business has grown gross revenues to $1M or more, they should certainly visit with someone on our team to explore this President Reagan/Congress-approved insurance model for self-insuring corporate risks."

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Product Manager

Lalania Cobb

Lalania leverages 30 years of professional experience in the insurance sector and has an exceptional customer relations track record by way of helpful, transparent and simplified onboarding and account servicing for both our valued clients /customers (insureds) and team of agents/referral partners. As the owner of the organization's CRM and WorkFlow models,

Lalania is often called upon to assist with reconciling remitted premiums, ceding fees, loan structures and more with newly onboarded clients who might be in a short-term learning curve.

Lalania adds, "Once our customers understand the full benefit of captives and how they augment risk mitigation on top of traditional P&C insurance, they often thank me for helping guide them in using their 'new favorite business tool."

Marketer

Laurie Ballweber

Focused on educating business leaders earning $1M to $85M in industries ranging from print/media services to medicine to residential/commercial roofing to wealth management and financial services, Laurie leverages nearly 30 years of sales/leadership in this role. Trusted as a value-oriented representative and often volunteering in faith-based organizations, Laurie is a trusted resource and 'go to' contact serving business leaders from Wyoming to the Dakotas to states in the midwest and southwest. Operating from Reinsurance Specialties headquarters in Oklahoma City, Laurie can be found 'knocking down doors' to engage business leaders who don't yet know the benefits of PORC captive structures. Laurie adds, "If a business has :45 minutes and is open to explore how captive insurance can help them manage risks, mitigate claims, control cash flow and protect assets, I can compellingly and passionately present the value proposition'.

Marketer

Trey Simms

With professional experiences in the customer service space, Trey is a consummate leader and widely known in the marketplace for presentation, education, diplomatic follow-up and helpful advice/counsel servicing his clients. A great contribution to the Reinsurance Specialty team, Trey eagerly navigates prospective customers through the sales cycle and onboarding process through a series of sequential and well-defined steps.

Trey loves to claim, "Once business leaders are identified and qualified (typically, those earning $1M or more in top line revenue), my job is to help educate them on 831(b) election and our fabulous model. Many business leaders do not know the IRC allows for self-insurance and, of course, we always use a third-party licensed Actuary to help identify and qualify the enterprise risk profile. This element (exposing under-insured and uninsured risk) is often enlightening to the business leader."

Marketer

Wade Tower

Vice President, Sales and Digital Assets

Nick Jackson

Having an impressive career and professional experiences with Automobile Dealership ownerships, being a Co-Founder and Owner of a corporate chain of Coffee Houses and partnering with trending craft brewery operators gives Nick exceptional insights in how re-insurance can be used to cover a business leader's corporate risks to include all of their LLCs, C-Corps, S-Corps, Holding Companies, Property Management Companies and more. Nick states, "Business owners our often unaware of their significant risk exposures until they complete an actuarial interview and the formal actuarial report/summary comes back. As much as 27% of an organization's top line revenue has been identified by a third-party, licensed Actuary in terms of a business leader's uninsured and under-insured risk exposures."

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Office Manager

Kay Bale

With nearly 40 years in the service space to include residential real estate, commercial real estate and traditional insurance, Kay brings a wealth of knowledge and 'can do' attitude to both the reinsurance industry and, specifically, the Reinsurance Specialty team.

Whether Kay is arranging in-person meetings with our valued clients, updating data in systems, helping a customer with questions or inquiries, Kay is a reliable and courteous resource serving both internal and external constituents. Kay states, "I love my job -- especially helping our insured clients explore ways to leverage their captive structure and better run their business enterprises. Our policy is 'no question is too broad or too specialized' and we can deliver a response in minutes or, at most, within a 24 hour period. Having a team with 30+ years of professional experience in the insurance space is extremely helpful and allows us to correctly serve our customers."

Direc, Sales and Digital Assets

NIck Jackson

Lalania leverages 30 years of professional experience in the insurance sector and has an exceptional customer relations track record by way of helpful, transparent and simplified onboarding and account servicing for both our valued clients/customers (insureds) and team of agents/referral partners.

Lalania is often called upon to assist with reconciling remitted premiums, ceding fees, loan structures and more with newly onboarded clients who might be in a short-term learning curve. Lalania adds, "Once our customers understand the full benefit of captives and how they augment risk mitigation on top of traditional P&C insurance, they often thank me for helping guide them in using their 'new favorite business tool."

One or more of the above professionals is eager to engage business leaders, CEOs, CFOs, CPAs, Wealth Advisors, Tax Specialists and Investment Brokers.

info@resinsurancespecialties.com

405-880-1949

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