Wesley Sierk

Wesley Sierk III, President and Lead Strategist at Risk Management Advisors, is a specialist in captive insurance and risk mitigation. He discusses why businesses should consider creating their own insurance entities for tailored risk management. Wesley highlights unique challenges within industries facing insurance struggles, emphasizing the strategic investment potential of insurance companies. He also shares insights on wealth management pitfalls, the benefits of captive insurance during crises like COVID-19, and practical advice on building financial resilience.

In this discussion, Wesley Sierk, Managing Director of Risk Management Advisors, shares his nearly two decades of expertise in captive insurance. He reveals how businesses can revolutionize their risk management strategies through captives, especially in tough markets. The conversation delves into the complex dynamics of workers' compensation, emerging cyber liability trends, and the importance of jurisdiction in insurance setups. Wesley also emphasizes the need for collaborative communication among stakeholders to align risk strategies with organizational goals.