Select Risk Captive — Control, Resilience, Wealth

ABOUT SELECT RISK CAPTIVE

A higher standard.
A shared vision.

Best-in-class operators deserve a best-in-class product. We bring disciplined selection and specialized risk strategy to the cannabis industry.

OUR ORIGIN

Built from experience.
Designed for ownership.

Select Risk Captive grew from the experience, data, and operating philosophy behind HISIG's work with cannabis employers: choose operators carefully, invest in prevention, and connect risk performance to financial outcomes.

HISIG was founded in 2005 for California hardware and home improvement businesses. In 2017, its board approved its first cannabis operation. Jesse Parenti helped bring the cannabis model to life as HISIG's founding cannabis broker.

SRC extends that philosophy into a broader property and casualty captive approach for strong cannabis brands, vertically integrated businesses, and MSOs. It offers a path to participate in risk ownership and financing, with terms shaped by underwriting and the selected structure.

Explore the HISIG foundation

THE STANDARD WE SHARE

C

Culture

Leadership sets the expectation. Protecting people and assets starts at the top and carries through every location.

S

Safety

Preventable losses deserve a proactive response. Assessments, coaching, and data support stronger operations.

A

Accountability

Clear responsibilities, timely reporting, and continuous improvement protect the integrity of the program.

Jesse Parenti, founding and managing broker of Select Risk Captive

FOUNDING & MANAGING BROKER · PROPERTY & CASUALTY

Jesse Parenti

Specialization creates separation.

Jesse brings more than 20 years of commercial insurance and strategic risk management experience, including more than a decade serving cannabis businesses. His work spans cultivation, manufacturing, retail, distribution, delivery, vertically integrated operations, and publicly traded MSOs.

As founder of JP Squared Consulting and the founding cannabis broker behind HISIG's cannabis offering, Jesse helps leadership teams connect operational discipline with alternative risk financing. He leads SRC's qualification conversations and broker strategy.

JP Squared Consulting

PROGRAM INFRASTRUCTURE

Powered by Breckpoint.

Breckpoint provides captive development and management capabilities across property and casualty risk financing. SRC combines that infrastructure with cannabis specialization and a selective membership philosophy.

Learn about Breckpoint

CUSTOMIZED LOSS CONTROL & EHS

Expertise that reaches
your operation.

Select Risk Captive's customized loss control and environmental, health, and safety support is backed by more than 200 trained EHS professionals nationwide. Tailored assessments, training, coaching, and performance reviews help members translate culture, safety, and accountability into practical action.

Explore our loss control & EHS approach

Strong operators.
Shared standards.

SELECT RISK CAPTIVE

Control. Resilience. Wealth.

Select Risk Captive is an alternative risk financing program for qualifying cannabis operators. Coverage availability, forms, exclusions, limits, retentions, funding obligations, ownership rights, and eligibility depend on underwriting, state requirements, and executed program documents. Participation involves retained risk; savings, investment income, and distributions are not guaranteed. A XV-rated issuing paper is the specified placement standard, subject to confirmation of the insurer and current rating. An issuing insurer's rating does not constitute a rating of the captive. HISIG and SRC are distinct programs with separate structures and obligations within the Sims Insurance portfolio.

© 2026 Select Risk Captive Powered by Sims Insurance an Alternative Risk Solutions Company

Sources & program notes