Rhodium Programs
Built to Stay Involved.
Who We Are
Independent. Embedded. Built for the Long Game.
Rhodium was founded in New York City by Peter H. Foley, drawing on more than 35 years of insurance and business experience. We work with companies across technology, electric vehicles, construction, transportation, and large religious organizations, among others.
We provide ongoing program management, not one-time placement. The same team that builds your program manages it. As your business grows or changes, we adjust the structure to match.
What We Do
Captive Formation & Strategy
We evaluate whether a captive makes sense for your business, identify the right structure, and manage the formation process: domicile selection, regulatory filings, and initial capitalization.
Alternative Risk Structures
Not every business needs a captive. We design and place alternative risk arrangements including group captives, risk retention groups, and self-insured retentions where they deliver better outcomes than traditional markets.
Program Management
Once a program is in place, we manage it actively. Renewals, claims strategy, performance reporting, and structural adjustments as your business changes. We stay involved for the life of the program.
How We Operate
Independence
We are not tied to any carrier, captive manager, or product. Every recommendation is made because it fits your business, not because it benefits a distribution relationship.
Continuity
The team that assesses your program is the team that builds and manages it. No handoffs, no account transfers. You work with the same people from day one.
Precision
We do not offer off-the-shelf programs. Every structure we build is designed around the specific financials, exposures, and objectives of the business in front of us.
Long-Term Orientation
Captive programs compound in value over time. We build for that horizon, not for the renewal cycle. Our incentives are aligned with how well your program performs over years, not quarters.