NEW YORK—Sutherland Asbill & Brennan LLP is pleased to announce that Partner P. Bruce Wright has been recognized with the 2016 Captive Insurance Companies Association (CICA) Distinguished Service Award, the highest honor given in the captive insurance industry. The award was presented to Mr. Wright during the opening general session at CICA’s annual International Conference on March 7 in Scottsdale, Arizona.
This prestigious honor recognizes individuals or organizations that have made significant contributions to advancing the captive insurance industry. “Bruce is one of the most recognized figures in the captive insurance industry,” said CICA President Dennis P. Harwick. “He is one of a handful of individuals that you will find speaking on complicated captive tax issues from Bermuda to Hawaii and all points in between. Whenever there is breaking news on the tax front, I’ll probably learn about it when my phone rings and Bruce’s executive assistant says, ‘Bruce Wright would like to speak to you.’”
Over his law career, Mr. Wright has advised CICA leadership on breaking tax issues and has served on the CICA/Vermont Captive Insurance Association (VCIA) Joint Tax Advisory Committee for a number of years. His decades of experience have also made him a sought-after speaker at industry conferences and events, such as the World Captive Forum and CICA’s International Conference.
“This revered award is a fitting tribute to Bruce’s commitment to the field of captive insurance and providing the highest quality of services to his clients,” said Sutherland Managing Partner Mark D. Wasserman. “It is an honor to have Bruce as our partner, and we congratulate him on this well-deserved honor.”
Mr. Wright has been the recipient of numerous awards for his influential work, dedicated service and significant contributions to the captive insurance industry. Most recently, he was ranked No. 2 in the 2015 “Power 50” list by Captive Review, the leading trade publication focused on risk management and captive insurance. He’s the recipient of VCIA’s 2015 Industry Service Award and has been recognized by the Nevada Captive Insurance Association as a distinguished benefactor.
At Sutherland, Mr. Wright is the leader of Sutherland’s captive insurance team. Representing domestic and foreign-based clients, he counsels property and casualty insurance companies on a wide range of tax and insurance law issues, including the formation of commercial offshore privately and publicly held entities. Mr. Wright also guides the formation of single parent/group captive insurers and counsels risk retention groups.
Additionally, Mr. Wright works with clients on the development of structured financial products such as securitizations, swaps, options and similar products used as alternatives to conventional risk financing mechanisms such as “rent-a-captives” and “cell companies.”
Sutherland’s captive insurance practice advises U.S., international and multinational clients on creative solutions to manage risks and realize business objectives through captives.
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Sutherland is an international legal service provider helping the world’s largest companies, industry leaders, sector innovators and business entrepreneurs solve their biggest challenges and reach their business goals. More than 400 lawyers across seven major practice areas—corporate, energy and environmental, financial services, intellectual property, litigation, real estate and tax—provide the framework for an extensive range of focus areas. Sutherland is composed of associated legal practices that are separate entities, doing business in the United States as Sutherland Asbill & Brennan LLP, and as Sutherland (Europe) LLP in London and Geneva. Sutherland (Europe) LLP is a limited liability partnership and is registered in England and Wales with registered number OC348198. Its registered office is at Marble Quay, St. Katharine Docks, London E1W 1UH. Sutherland (Europe) LLP is authorized and regulated by the Solicitors Regulation Authority of England and Wales whose regulatory requirements can be accessed at http://www.sra.org.uk/solicitors/handbook/code/content.page. A list of the members of Sutherland (Europe) LLP and their professional qualifications is open to inspection at its registered office.