Sessions are tailored to all and are identified as beginner, intermediate and advanced to simplify your education selections and allow you to create a customized conference experience.

101: Beginner  |  201: Intermediate  |  301: Advanced

 

Schedule at a Glance

*Please note - the schedule below is subject to change

Sunday, March 12

10:00 am-5:00 pm
Exhibitor Set-Up

11:00 am-8:00 pm
Conference Registration

12:00 pm-tee-off
Golf Tournament
Sponsored by

2:00-5:00 pm
Tennis Mixer

1:00-5:00 pm
Whale Watching Boat Tour

6:30-8:00 pm
Opening Networking Reception in Exhibition Area. Join us as we kick off of the 2017 CICA International Conference.

Monday, March 13

7:30-8:45 am
Networking Breakfast in Exhibit Area

7:30-8:45 am
First Time Attendee Breakfast and Orientation

9:00-10:45 am
Opening General Session with Awards Presentation and Keynote Address by Lindsey Pollak: "Generational Disruption -- Creating Tomorrow's Leaders"

Lindsey Pollak is widely recognized as the leading expert on the millennial generation in the workplace and how members of all generations can thrive in today’s multigenerational work environment. The world’s top corporations and conference audiences — in industries ranging from consumer packaged goods to finance to insurance to manufacturing to media to real estate to technology — have benefited from her subject matter expertise, entertaining storytelling and practical, actionable advice.

10:45-11:00 am
Networking Break in Exhibit Area

11:00 am-12:00 pm
101: Captives 101: Getting Started
201: Funding Medical Stop Loss through Cell Captives
301: The Role of Analytics in Optimizing Captive Utilization

12:00-1:30 pm
Networking Lunch in Exhibit Area

1:30-2:30 pm
101: Lessons Learned from the Captive Feasibility Process
201: The Next Phase of Employee Benefits
301: When is a Business Risk an Insurance Risk?

2:30-3:00 pm
Exhibit Area Networking Break

3:00-4:00 pm
101: IBNR – What is it? Why do I have it? Is there a cure?
201: Captive 201: Next Steps

4:15-5:15 pm
Captive Association Leadership Council Meeting
Domicile Regulator Meeting

5:30-7:00 pm
Networking Reception in Exhibit Area

Tuesday, March 14

7:30-8:30 am
Networking Breakfast in Exhibit Area

8:30-9:30 am
101: Tax Update - The Good, Bad, and Ugly
101: Finding and Attracting the New Captive Workforce
201: RRGs: Strategies for Handling Recent Regulatory Developments

9:30-10:00 am
Networking Break in the Exhibit Area

10:00-11:00 am
101: Managing Captive Assets to Minimize Risk while Providing Income, Liquidity & Growth 
201: “Disruptive Technology”… The New Frontier  
301: Insuring the Excess Layers – In a Captive?

11:15 am-12:15 pm
201: Comfort Zone + 1 Standard Deviation
201: Regulatory Interaction:  A Small Captive Perspective in the Evolving State and Federal Climate
201: Better Financial Outcomes for Catastrophic and Complex Cases 

12:15-1:15 pm
Networking Lunch in Exhibit Area

1:15-2:15 pm
201: Prepare Now: Defy Disruption from New Accounting Standards
201: Small Captive Claims Management: Disruptive Events or Disruptive Processes?
201: The Sharing Economy: Growth, Challenges, and the Need for Alternatives

2:30-3:30 pm
301: Defying Disruption by Optimizing Captive Use
301: The New Political Landscape and How it Impacts Captives

3:45-4:45 pm
301: Recent Developments in Federal and State Tax Issues

5:00-6:30 pm
Outdoor Networking Reception
Sponsored by:
Atlas Insurance Management

 

Detailed Agenda

Monday, March 13

7:30-8:45 am
Networking Breakfast in the Exhibit Area

7:30-8:45 am
First Time Attendee Breakfast and Orientation
New to CICA? Join us to learn more about the organization and how to best utilize your time at the International Conference.

9:00-10:45 am
Opening General Session with Awards Presentation and Keynote Address by Lindsey Pollak: "Generational Disruption -- Creating Tomorrow's Leaders"

Lindsey Pollak is widely recognized as the leading expert on the millennial generation in the workplace and how members of all generations can thrive in today’s multigenerational work environment. The world’s top corporations and conference audiences — in industries ranging from consumer packaged goods to finance to insurance to manufacturing to media to real estate to technology — have benefited from her subject matter expertise, entertaining storytelling and practical, actionable advice.

11:00 am-12:00 pm
101: Captives 101: Getting Started
In this session, an experienced panel will cover the captive basics. The panel consisting of a captive manager, a captive owner, and an actuary will cover the basics for the newcomers to the captive industry. The session will cover the types of captives, why captives are formed, as well as the potential benefits of using a captive to finance their risk. The captive owner will share their story as to what led them to formation.

Objectives:
 1. Learn what a captive is and why they are formed
 2. Learn the different types of captives
 3. Understand some of the benefits that a captive may provide

Moderator:  Peter Kranz, Managing Director, Beecher Carlson Insurance Services, LLC
Speakers:
 Craig Brophy, Principal & Consulting Actuary, Milliman Inc.; Eric Moselle, Chief Economist and Chief Risk Officer, Weidner Apartment Homes

201: Funding Medical Stop Loss through Cell Captives
*Approved for 1 ICCIE Credit.
In this session, attendees will gain an understanding of the growing movement among self-funded small and mid-sized businesses (SMBs) towards funding medical stop loss through captives and how the rise of cell captives has coincided and facilitated this. We will review the history of SMBs and medical stop loss, the various forms of a medical stop loss captive and how cells are used as a funding solution.

Objectives:
 1. Learn how the ACA and the growth of self funded medical have contributed to interest in medical stop loss among SMBs
 2. Learn how SMBs can use captives to fund medical stop loss, who it works best for, and how it is structured
 3. Learn how cell captives fit into the medical stop loss picture

Speakers: John Cassell, Senior Partner, Spring Consulting Group, LLC; Randall Martin, Vice President & Chief Operating Officer, Energy Insurance Services, Inc.

301: The Role of Analytics in Optimizing Captive Utilization
*Approved for 1 ICCIE Credit.
In this session the panelists will discuss how analytics inform captive owners about how and when to optimize the use of their captives. Beyond usual and customary actuarial analysis of loss frequency and severity, the panelists will present how they determine how much risk to retain, when to retain correlated vs. uncorrelated risks and how they use analytics to look for improving and eroding loss trends to take advantage of market cycles.

Objectives:
 1. Understand how to improve loss costs
 2. Learn to evaluate risk transfer versus risk retention

Moderator:
Bruce Whitmore, Global Captive & Health Care Practices, Willis Towers Watson
Speakers:
 Michael Bemi, President and CEO, The National Catholic Risk Retention Group, Inc.; Courtney Claflin, Executive Director – Captive Programs, University of California; Matt Killough, Principal, Milliman, Inc.

12:00-1:30 pm
Networking Lunch in the Exhibit Area

1:30-2:30 pm
101: Lessons Learned from the Captive Feasibility Process
*Approved for 1 ICCIE Credit.
In this session, an experienced panel will discuss the lessons learned over the years of working with a number of different organizations (and groups) in how to most efficiently complete the feasibility study process for a captive. The panel, consisting of a captive manager, captive owner, and an actuary, will reveal some of the pitfalls that prospective owners need to avoid, and offer up suggestions as to how best to avoid them for future success.

Objectives:
 1. To gain an understanding of what is involved in the feasibility study process
 2. Learn about mistakes that have been made in the past as well as ways to avoid them
 3. Illustrate how better up front preparation can help the captive as it matures

Speakers:
Anne Marie Towle, Executive Vice President, JLT Insurance Management; Mark Tabler, Chief Operating Officer, Innovative Physician Solutions, RRG, Inc.; Mike Meehan, Consultant, Milliman, Inc.

201: The Next Phase of Employee Benefits 
*Approved for 1 ICCIE Credit.
Now that companies have opted to use captives for employee benefits (EB), how has the process been for those organizations? This session will review the past but also look to the future and how employee benefits including medical stop loss can be a cost effective solution for organizations by placing a corridor in their captive.

Objectives:
 1. Understand the process of incorporating EB into a captive
 2. Understand past outcomes to enhance future benefits

Moderator: Kathleen Waslov, Senior Vice President, Willis Towers Watson
Speaker: Mary Wolbert, Vice President, Chief Compliance and Risk Officer, Froedtert Health 

301: When is a Business Risk an Insurance Risk?
*Approved for 1 ICCIE Credit.
This session will explore the position taken by the IRS in many captive insurance company tax cases that a business/investment risk is not an insurance risk. This session will first address what insurance risk is generally, then cover the IRS's stance on insurance vs. business risk by exploring various tax court cases and other authoritative sources. Audience questions and discussion are encouraged.

Objectives:
 1. Define what an insurable risk is generally
 2. Understand the development of the IRS's position on what would be deemed a business risk

Speakers: Fred Turner, Founder, Active Captive Management, LLC; Sheryl Flum, Managing Director, Washington National Tax, KPMG LLP

2:30-3:00 pm
Networking Break - Exhibit Area (No Sessions)

3:00-4:00 pm
101: IBNR – What is it? Why do I have it? Is there a cure?
*Approved for 1 ICCIE Credit.
In this session, a captive "team" consisting of an actuary, a captive owner, and their captive manager will describe what IBNR is, how it is calculated, and why it is necessary. In addition, the actuary will explain some of the most commonly used actuarial methods, and explain where it often becomes more art than science by reviewing several metrics and ratios. The manager and owner will describe how they use this information to evaluate performance.

Objectives:
 1. To learn what IBNR is and why it is necessary
 2. To understand the methods actuaries use to estimate IBNR
 3. To review and understand some metrics and ratios that actuary’s use and how to put this information to work when evaluating how your captive is performing

Speakers:
Guy Avagliano, Principal and Consulting Actuary, Milliman, Inc.; Raul Castillo, Assistant Vice President, Loma Linda University Health; Derick White, President, Strategic Risk Solutions (VT), Ltd.
 
201: Captive 201: Next Steps

*Approved for 1 ICCIE Credit.
This session is the natural progression to understanding case studies, and developing a longer strategic business plan for utilizing a captive. The panel experts will share how their captive feasibility study/business plan has evolved and changed over time.  Being prepared for future risks is the key to an optimal living business plan.

Objectives:
 1. Understand clear application of captive uses
 2. Apply strategic concepts to their own captive scenario

Moderator:
Anne Marie Towle, Executive Vice President, JLT Insurance Management 
Speakers: Patricia Brewster, Secretary and Board Member, OrthoForum Insurance Company,RRG; Colin Donovan, President, STICO Mutual Insurance Company, RRG; Jim Pingel, President, FreSeguro, Inc.

 

4:15-5:15 pm
Captive Association Leadership Council Meeting
INVITATION ONLY

4:15-5:15 pm
Domicile Regulator Meeting Meeting
INVITATION ONLY

5:30-7:00 pm
Networking Reception in the Exhibit Area

 

Tuesday, March 14

7:30-8:30 am
Networking Breakfast in the Exhibit Area

8:30-9:30 am
101: Tax Update - The Good, Bad, and Ugly 
*Approved for 1 ICCIE Credit.
This session provides a foundational discussion of tax items that may affect your captive arrangement including recent or proposed changes to tax law that may help/hurt your captive's tax status, as well as provide insights and updates on pending items that could have a future impact. Items covered include deduction of reserves, state tax matters, and international tax considerations. Recent court cases and those on the docket will also be discussed.

Objectives:
 1. Learn about foundational tax items that may affect your captive arrangement
 2. Identify the proposed changes to tax law that may help/hurt your captive

Speakers:
Fred Krull, Tax Partner, Ernst & Young; Ernie Achtien, Executive Vice President, Enterprise Risk Management of Captive Resources, LLC (“CRI”); Michael Serricchio, Senior Vice President, Marsh Captive Solutions

101: Finding and Attracting the New Captive Workforce
This panel will explore the captive industry's need for new employees and survey current strategies being used to find and attract newcomers. The top of the session will review the results of a survey of captive leaders done specifically for this presentation, and panelists will explain what their firms are doing to address the impending “expertise shortage.”

Objectives:
 1. Attendees will learn about the current state of the “retirement crisis” in the captive industry
 2. Attendees will learn the pros and cons of specific strategies currently being used to address the status quo
 3. Attendees will learn about “generational traits” and how those factors are considered as employers try to find and attract talent to the industry

Moderator: M. Michael Zuckerman, Professor, Temple University, Fox School of Business
Speakers:
 Joyce Dunn, Vice President and Managing Director, Jacobson Group; Chris Mandel, SVP, Strategic Solutions & Director, Sedgwick Institute; Gary Osborne, President, USA Risk Group

201: RRGs: Practical Strategies for Handling Recent Regulatory Developments
*Approved for 1 ICCIE Credit.
This session will review recent regulatory developments affecting risk retention groups, including governance standards, Holding Company Act compliance and compliance with requirements pertaining to managing general agents, and discuss practical strategies for addressing these developments.

Objectives:
 1. Understand recent regulatory developments affecting risk retention groups
 2. Apply practical strategies for addressing regulatory developments

Speakers:
Joe Holahan, Of Counsel, Morris, Manning & Martin, LLP; Christina Kindstedt, Senior Vice President, Advantage Insurance; Christine Brown, Assistant Director of Captive Insurance, Vermont Department Financial Regulation; Robert Donohoe, President and Chief Executive Officer, Texas Medical Liability Trust


9:30-10:00 am
Networking Break- Exhibit Area (No Sessions)

10:00-11:00 am
101: Managing Captive Assets to Minimize Risk while Providing Income, Liquidity & Growth 
*Approved for 1 ICCIE Credit.
This session will explain how to best manage 831(b) assets in the current environment.
Presentation topics include:

  • Key Market Risks
  • Economy at a Glance
  • Bond Markets (Fixed Income)
  • Stocks Markets (Equities)
  • Commodity/Currency Markets
  • Investment and Asset Allocation Recommendations
Objectives:
 1. Understand appropriate investment allocations for 831(b) accounts
 2. Understand risks related to providing income, liquidity and growth
 3. Identify areas of opportunity and investments to avoid given the current market conditions

Speaker:
Michael Hyzdu, Senior Vice President - Wealth Management, UBS Financial Services, Inc.

201: "Disruptive Technology”… The New Frontier  
*Approved for 1 ICCIE Credit.
Hear from experienced industry professionals how disruptive technology can impact the future delivery needs of millennials. How will “less talk more text” add to cyber risk security issues (social media, purchasing, medical diagnosis, privacy)? What new risks will your captive need to address; driverless cars, drone delivery, “new wave” medical malpractice? What impact will this new delivery paradigm have on insurance costs? Learn about the impact on ERM from both a parent and captive level.

Objectives:
 1. Understand the impact of today’s technology on delivering information, goods and services
 2. Learn the benefits of utilizing a captive to mitigate new risks and support company initiatives and strategies
 3. Understand the impact on ERM at both the parent and captive level

Moderator:
Alan Kandel, Business Development Manager, AM Best
Speakers: Michael Serricchio, Senior Vice President, Marsh Captive Solutions; Steve McElhiney, President, Tall Pines Insurance Company; Karl Pedersen, Senior Advisory Specialist, Marsh Cyber Commercial E&O

301: Insuring the Excess Layers – In a Captive?
*Approved for 1 ICCIE Credit.
This session addresses the strategy issues and techniques for retaining the next layer of liability or workers compensation insurance in a captive – even during the current soft market. Experts and practitioners will compare positions and findings with delegates in an interactive session.

Objectives:
 1. Delegates will understand the longer-term implications of higher risk retention
 2. A clear explanation of why next year’s rates for the excess layer will be higher than last year’s even in the absence of any losses
 3. Delegates will learn from and join the discussion between insurers’ and captive service providers on captive risk retention

Moderator: Hugh Rosenbaum, Retired Principal, Willis Towers Watson 
Speakers: Joel Chansky, Consulting Actuary, Milliman, Inc; Michael Bemi, President and CEO, The National Catholic Risk Retention Group, Inc.; Sean McDermott, Senior Vice President, BMS Group Ltd.


11:15-12:15 pm
201: Comfort Zone + 1 Standard Deviation
The partnership of the actuary and captive manager to bring order to the chaos of disruptive new captive risks
*Approved for 1 ICCIE Credit.  

In the euphoria created by a brilliant new idea for the use of a captive or a new line of captive business, the calming influence of Actuaries and Captive Managers is one of the essential keys to success to make a great idea, a practical and operational line of business written by the captive. Increasingly, actuaries are being asked to provide loss forecasting and analytical solutions to a wide range of new companies and new risks which present unique and challenging ways to provide goods and services. Once the analysis is complete, the risk needs to be translated into an effective insurance policy by the captive managers. In the circumstances where historical loss and exposure data and policy forms are either not available or not relevant, the role of the captive actuary and captive manager is to find credible and supportable alternative ways to forecast expected losses and create a bona fide insurance product for the captive -- bringing order to the chaos! In this panel discussion we will explore some of the more unusual risks which have been presented to captive managers and actuaries and how they have been dealt with.

Objectives:
 1. Learn how innovative and disruptive ideas can be broken down into their core components to identify and quantify the risks which will impact their performance and very survival.
 2. Numerate the steps to take a new risk previously uninsured to a bona fide insurance product successfully insured by a captive.

Speakers:
Aaron Hillebrandt, Consulting Actuary, Pinnacle Actuarial Resources; Michael Douglas, Director, Business Development, Aon Global Risk Consulting

201: Regulatory Interaction:  A Small Captive Perspective in the Evolving State and Federal Climate
*Approved for 1 ICCIE Credit.
Panelists will discuss the role of state and federal regulators regarding small captives that make an annual election under IRC 831(b), specifically in the wake of recent IRS scrutiny. The discussion includes how the differing perspectives of regulators impact small captives and how federal regulators view both small captives and state regulation. Panelists will also discuss how new federal policy has impacted the role of state insurance regulation, as well as the captive industry.

Objectives:
 1. Learn about the evolving role of the state insurance regulator
 2. Learn how the “Dirty Dozen” and recent changes to IRC 831(b) impact the entire captive industry
 3. Show the impact of the law change and regulatory scrutiny on the process of state insurance regulation

Speakers: Dana Sheridan, General Counsel and Chief Compliance Officer, Active Captive Management, LLC; Jeff Simpson, Director, Gordon, Fournaris & Mammarella, P.A.

201: Better Financial Outcomes for Catastrophic and Complex Case
*Approved for 1 ICCIE Credit.
Many perceive the cost and volatility of severe injuries as excessively high. The medical issues encountered with a complex claim make the task of projecting long term expenses extremely difficult. However, with a comprehensive, outcome-based care plan and coordinated management team, both lower costs and better clinical results are possible. Tom will share how to put your company in a stronger financial position by changing the way you view and manage high cost complex claims.

Objectives:
 1. Identify drivers of long term financial and clinical volatility in catastrophic and complex cases
 2. Understand the key components of a comprehensive management plan
 3. Develop better clinical metrics to drive lower and more predictable financial outcomes

Speaker: TBD


12:15-1:15 pm

Networking Lunch in the Exhibit Area

1:15-2:15 pm
201: Prepare Now: Defy Disruption from New Accounting Standards
*Approved for 1 ICCIE Credit.
New accounting standards have been approved that will directly impact how captive insurance companies account for investments, disclose loss information and recognize non-insurance revenue. This session will summarize the new standards and discuss what captive owners and managers can do now to help prepare their companies and minimize disruption.

Objectives:
 1. Provide highlights of standards issued during 2015 including standards directly impacting captive insurers such as standards impacting going concern, loss disclosures, investment recognition, investment impairment and non-insurance revenue recognition
 2. Learn how implementation of these standards could impact captives
 3. Learn what captive owners and managers can do now to prepare for newly issued standards

Speakers: Peter A. Kranz, Managing Director, Beecher Carlson; Joshua Partlow, Partner, Johnson Lambert LLP   

201: Small Captive Claims Management: Disruptive Events or Disruptive Processes?
*Approved for 1 ICCIE Credit.
For the small captive insuring non-traditional risk, a disruption to its insured’s business is the captive’s time to shine. A well-designed claims management process and thoughtful analysis of claims can help micro-captives realize their full potential as risk management tools. This session will provide a discussion of best practices for claims management for micro-captives and will walk attendees through a methodology for analyzing claims made under micro-captive enterprise risk policies.

Objectives:
 1. Understand best practices with respect to claims review and analysis
 2. Learn a methodology for analyzing small captive enterprise risk claims

Speakers:
Andrew Rennick, Gordon, Fournaris & Mammarella, P.A.; Jarid Beck, Director, Risk Management Advisors, Inc.; John Riley, Director, Alliance Risk Management, LLC 

201: The Sharing Economy: Growth, Challenges, and the Need for Alternatives
*Approved for 1 ICCIE Credit.
The advent of the sharing economy has provided on-demand companies, such as Lyft, with not only explosive growth, but new risks and challenges. These organizations are unique and so are the sophisticated risk financing structures needed to address the exposures they face. With the ability to gather lots of data with ease, firms based on the sharing economy are prime candidates to support and operate alternative structures to answer their growing insurance needs.

Objectives:
 1. Learn more about the market for the sharing economy, challenges faced, and the need for alternatives
 2. Understand the data available to you and how to use it in evaluating alternative risk financing mechanisms
 3. Review how captives can help formalize a firm’s risk management strategies and fund for emerging exposures

Speakers: Tina Summers, Senior Vice President-Consultant, Marsh Captive Solutions; Melissa Gale, Senior Manager, Risk Solutions, Lyft; Francois Morissette, Principal, Oliver Wyman Actuarial Consulting, Inc.


2:30-3:30 pm
301: Defying Disruption by Optimizing Captive Use
*Approved for 1 ICCIE Credit.
This session explores the optimization of captive utilization by evaluating the disruption in the insurance marketplace from exposure and global events. How can wage and hour, cyber, global property and other regulatory or legal changes impact your evaluation of risk retention specifically in a captive facility. The panel will share their insights with the ever changing market and how to leverage the captive with unique exposures.

Objectives:
  1. Understand the analysis required to price and retain unique and new coverages in a captive
  2. Learn to expand coverages

Speakers: Hugh Rosenbaum, Retired Principal, Willis Towers Watson; Sean Rider, Managing Director of Consulting & Development, Willis Towers Watson; Joel Chansky, Consulting Actuary, Milliman, Inc

301: The New Political Landscape and How it Impacts Captives 
*Approved for 1 ICCIE Credit.
This session will discuss the changing political climate and the possible impacts to the captive industry.

Speakers: Jim McIntyre, Partner, McIntyre & Lemon, PLLC; Skip Myers, Partner, Insurance Group, Morris, Manning & Martin, LLP

3:00 pm
Exhibit Area Dismantle

3:45-4:45 pm 
301: Recent Developments in Federal and State Tax Issues
*Approved for 1 ICCIE Credit.
This session will provide an update on federal and state tax issues. Of note are recent state tax precedents, proposed regulations under Section 385 of the IRC affecting whether loans may be treated as equity, of greater interest to captives with international affiliates represented at a domicile-neutral conference such as CICA. We would discuss the Avrahami case involving an 831(b) company, likely to be decided before the conference, and other significant developments.

Objectives:
 1. Update members with respect to changes in federal income tax law affecting captives and their affiliated companies
  2. Update members with respect to changes in state tax laws which are having an increasing effect on captive operations
 3. Inform members regarding potential financial impact of these changes on captive operations

Speakers: P. Bruce Wright, Partner, Sutherland Asbill & Brennan LLP; Tom Jones, Partner, McDermott Will & Emery LLP; Chaz Lavelle, Attorney, Bingham Greenebaum Doll LLP

5:00-6:30 pm
Outdoor Networking Reception

CICA_2017_wufoo