Carl Terzer

Principal, CapVisor Associates

Session: Captive 101: Understanding the Fundamentals

Carl Terzer is the Founder and Principal of CapVisor Associates, LLC, an SEC-registered investment advisor specializing in customized investment management for alternative risk markets. With over 35 years of insurance asset management experience—25+ years focused on captives, RRGs, and self-insurers—he aligns clients' investment strategies with their business goals. An Investment Instructor at ICCIE, he also serves on the Board of CIC-DC and has held various industry leadership roles. A frequent speaker and contributor to top insurance publications, Carl holds a business and economics degree from Rutgers University and maintains a FINRA Series 66 license, with previous Series 6 and 7 licenses.

CapVisor is an SEC Registered Investment Advisor acting as a fiduciary in all client relationships. We work exclusively with insurance companies, often in the role of an OCIO. We help with investment program design, Strategic Asset Allocation optimization and manager selection/evaluation and manage the manager(s). As a trusted investment expert, we function as an extension of our clients’ Board or Investment Committee. We do not manage money or trade on behalf of our clients. We are purely advisors: independent and non-discretionary investment advisors. The benefit to our clients is that we avoid the typical biases and potential conflicts of interest present when investment firms provide advice and then self-appoint themselves to implement that advice, i.e. manage portfolios.