About Us
At Broad Reach Partners, we are deliberately not one size fits all.
Broad Reach captures opportunity from risk. When we think of risk, we think of performance, not merely management. Bringing together experience, with perspective and foresight, we are always on the lookout for new ways to make headway or change tacks so you can prosper through changing conditions and take advantage of singular opportunities.
Singular Opportunities for Your Singular Needs
At Broad Reach Partners we are deliberately not one size fits all. We adopt a creative bespoke philosophy so you can take advantage of singular opportunities and reduce or eliminate inefficiencies. It is this approach that has guided clients through fluctuating markets and changing tax and legislative climates for decades.
Who We Are
We are captive insurance niche experts with diverse backgrounds. We understand what it takes to create profitable, fast-growth businesses and how to navigate obstacles and mitigate risk. We work with you to develop strategies that deliver an advantage across a variety of risk scenarios. We are uniquely qualified to balance the relationships between capital, risk, process and control. We will steer you through options and regulatory compliance issues, for a customized, high-performance approach. We work with you closely, offering integrated and comprehensive services that encompass your needs, from structuring to accounting to optimizing tax efficiency. Broach Reach is the risk capital partner you can trust for informed, personalized, and transparent service.
Meet the Team
Meet Scott Syphers
President & Captive Director
Meet Scott Syphers
President & Captive Director
Meet Matt Holycross
Vice President of Finance
Meet Matt Holycross
Vice President of Finance
After spending the first decade of his career in both Controller and CFO roles for Property & Casualty insurers, Matt transitioned into designing, implementing, and operating Captive insurance companies. His experience in leading the financial functions of insurance companies, coupled with specific experience in program design and both GAAP and Statutory financial reporting, help make him uniquely qualified to develop creative risk-transfer solutions for traditional carriers, Managing General Agents, and Non-insurance enterprises.
Over the past decade, Matt has been responsible for the financial reporting of captive insurance companies ranging from pure captives with less than $300,000 in annual premium; to cell-captives with over $1 billion in equity value. In addition, Matt takes a special interest in entrepreneurial captive applications including Risk Retention Groups and Agency captives, where his background in NAIC financial reporting and the AM Best rating process can add significant value to the opportunity.
Matt is a graduate of the Moore School of Business at the University of South Carolina with a Bachelor of Science in Business Administration (Finance and Accounting). He is a Certified Public Accountant (SC #7525), with memberships in the American Institute of Certified Public Accountants and the South Carolina Association of Certified Public Accountants. He has served on the Alternative Risk Transfer Committee of the Self-Insurance Institute of America, is currently serving a term on the North Carolina Captive Insurance Association Board of Directors, and received his ACI designation from the International Center for Captive Insurance Education. He is a Past Chairman of the Young Alumni Council for the University of South Carolina Alumni Association.
Matt is a resident of Columbia, South Carolina; where he lives with his wife, children, and dogs.
Growth in Captive Leadership
As advisors to successful entrepreneurs, business leaders, and wealthy multi-generational families, we were early adopters of the once-exotic captive insurance option. As the industry matured—now over 40 states have comprehensive captive insurance regulations—our practice grew. We started a specialist advisory firm in 2006 to concentrate on this area of expertise. To better serve clients with increasingly sophisticated needs, we reorganized the company into three coordinated areas of focus: