about Kentucky captive
The Association is here to help interested parties develop and operate captives.  We have been, and continue, working to grow the infrastructure to support captives in KY with State Government, the legislature, our regulators and economic development cabinet.  We help educate captive owners and prospective owners as well as helping the national network of service providers to get established and operating here in Middle America.

If you have not already made plans to attend our annual Executive Education Conference, please do so.

Finally, I want to thank our fine committee members who have agreed to serve on the Association's Education, Membership, Communications, Legislative and Executive Committees. Without them, all this could not have happened. Special thanks to Nick Teetelli of Maple Technologies for contributing this web site, Michelle Pfeffer of Wells Fargo for her leadership and George Gorin of The Underwriters Group for the many hours contributed to our branding, artwork and website development.

Please contact us if you have any inquiries or an issue you think needs attention or would be interested in serving on one of the association committees.


Stuart Ferguson



The Kentucky Captive Association was formed in May of 2004. Its purpose is to promote knowledge about captive insurance companies and champion a captive friendly environment in the Commonwealth of Kentucky. The association is active with the legislature, provides educational resources and captive service provider networking and information. Through active association assistance, the number of captives and risk retention groups domiciled in Kentucky as increased from four (4) at the association’s creation to over eighty (80) as of May, 2009. Conveniently located in the heart of the country, travel in and out of Kentucky is efficient and cost effective. We invite you to explore the advantages of domiciling your captive in Kentucky - The Domicile of Choice in Middle America.

For more information about the association, please contact :

Kentucky Captive Association
Attention: Stuart Ferguson CPCU
1700 Eastpoint Parkway, Louisville, Kentucky 40223
Phone: (502) 489-6110 | Fax: (502) 244-1411

About Our Team :

  Stuart Ferguson, CPCU, ARM

Stuart Ferguson CPCU, ARM, Managing Director of The Underwriters Group has spent 20 years forming, advising, operating and servicing captives in the US, Europe, Scandinavia and offshore.  He began his career with American International Group (AIG) in New York in the actuarial department of AIG Risk Management. From 1989 to 1993 he was posted in Paris, France as Vice President of AIG Europe.  While there he was responsible for offshore insurance transactions, developing financial risk management concepts as well as consulting and underwriting for mergers and acquisitions in Europe and Scandinavia.
Mr. Ferguson joined Underwriters Safety & Claims in 1993 and is today Managing Director of The Underwriters Group overseeing Commercial Insurance, Pension, Programs and Captive Management.  He is a frequent speaker on captives, workers compensation issues, a leading advocate of workers compensation reforms and Vice President of the Kentucky Workers Compensation Research Institute.

  Jonathan J. Hickman, CPA

Jonathan Hickman has been involved in the KCAI for many years, serving as president since 2016, and has chaired the annual Educational Conference multiple times. He has presented on various insurance-related topics annually for many years is a shareholder at Munninghoff, Lange & Company CPA’s, leading the firm’s Consulting Group in the Captive Insurance subsection. Jon also serves clients in the Tax Practice and Assurance groups across a wide range of industries and is involved in much of MLCO’s internal practice. In addition to his CPA license, Jon holds his Kentucky Life and Health insurance licenses, is a 1995 graduate of the University of Kentucky and 2000 MBA graduate of Thomas More College and is a lifelong Kentucky resident.

  Thomas J. Munninghoff, CPA, MBA, JD
Vice President

Tom has served as president of Munninghoff, Lange & Company since its formation in 1983.  A lifelong Kentucky resident and partner in charge of the firm’s tax practice, Tom as become recognized authority in this area with over 38 years experience in public accounting.  He gained his BA in Accountancy from Thomas More College in 1969, an MBA from Xavier University in 1971, and a law degree from the Northern Kentucky University Chase College of Law in 1976.  Tom is a member of the AICPA and KSCPA as well as the Kentucky, Ohio and Florida Bar Associations and has been involved with Captive Insurance companies for over 25 years and has built a reputation across the United States as an expert in this field as well.

  Steven Goodman, ESQ

Steven A. Goodman is a Shareholder/Partner with Lynch, Cox, Gilman and Goodman, PSC. His practice concentrates in the areas of transactional matters, tax, corporate & security law, business succession planning, employee benefits and estate planning.  Prior to joining Lynch, Cox, Gilman and Goodman, P.S.C., Mr. Goodman was a Shareholder/Partner with the Louisville, Kentucky firm of Goldberg & Simpson, P.S.C.

A native of Lexington, Kentucky, Mr. Goodman holds a 1974 undergraduate degree from Indiana University, a 1977 Law Degree from the University of Kentucky and a 1981 Masters of Laws in Taxation from Georgetown University Law Center.

  Cole Smith, CPA

Cole Smith is an Accounting Manager at The Underwriters Group. He oversees the financial reporting of captive insurance companies and risk retention groups. Prior to joining The Underwriters Group in 2017, he spent nine years in public accounting with a concentration on auditing property/casualty and captive insurance companies.

He gained his Bachelor and Master’s Degrees in Accounting from the University of Kentucky. Cole is a member of the AICPA and KSCPA.

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