The Alabama Alternative Risk Alliance (ALARA) is honored to announce that Governor Kay Ivey has issued an official Commendation recognizing ALARA and commemorating Alabama's 20-year history as a captive insurance domicile.

The Commendation recognizes the significant contributions Alabama's captive insurance industry has made to the state's business climate, economic development, and insurance marketplace. It also highlights the collaborative efforts of captive insurers, risk retention groups, service providers, industry stakeholders, and the Alabama Department of Insurance in supporting the continued growth and success of Alabama's captive insurance marketplace.

Governor Ivey further recognized ALARA for promoting education, collaboration, and professional engagement within Alabama's captive insurance community and for working alongside industry stakeholders and the Alabama Department of Insurance in support of legislative updates designed to strengthen and modernize Alabama's captive insurance framework.

This recognition is truly an honor. More importantly, it reflects the collaborative spirit that has made Alabama's captive industry successful over the past twenty years. ALARA was founded on the belief that regulators, captive owners, risk retention groups, service providers, and other industry stakeholders accomplish more by working together than by working apart. We are grateful to Governor Ivey for recognizing those collective efforts

ALARA's leadership reflects the depth and history of Alabama's captive insurance community. Among its Founding Members are organizations representing the state's first licensed captive insurance company, its second licensed captive, and Alabama's first licensed risk retention group, alongside many of the industry's leading service providers. Together, they bring decades of experience and a shared commitment to strengthening Alabama's alternative risk marketplace.

The Commendation comes at a pivotal time for Alabama's captive industry. Following the recent expiration of the captive formation moratorium and the launch of ALARA, Alabama is entering a new chapter focused on growth, modernization, and continued collaboration between industry and regulators.

As Alabama begins its next twenty years as a captive domicile, ALARA remains committed to building on the strong foundation established by those who helped create and grow this industry. Our mission is simple: to advance Alabama's alternative risk marketplace through education, collaboration, professional development, and industry engagement while promoting the highest standards of ethics, governance, and industry best practices. Smarter Risk. Stronger Together. Alabama Alternative Risk Alliance Commendation.pdf