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
Monday, March 9
Networking Breakfast in the Exhibit Area
First Time Attendee Orientation
New to CICA? Join us to learn more about the organization and how to best utilize your time at the International Conference.
Opening General Session with Awards Presentation and Featuring Keynoter Jack Uldrich
Jack Uldrich is a renowned global futurist and the author of eleven books. Uldrich is the founder and "chief unlearning officer" of the School of Unlearning—an international leadership, change management and technology consultancy dedicated to helping businesses, governments and non-profit organizations prepare for and profit from periods of profound transformation. In addition, the Opening General Session features the presentation of the industry’s two highest honors…the 2014 CICA Distinguished Service Award and the Outstanding Captive Award. Plan to be there for these exciting and inspiring presentations.
11:00 am-12:00 pm
301: CICA's Best Practices and Strategies for Transfer Pricing
As a follow-up to the CICA Fall Webinar “Transfer Pricing: Using Documentation to Protect Your Company’s Strategy”, panelists will further expand on the ways the OECD report and action plan for regulating base erosion and profit shifting are impacting corporate strategies and decision making. This session will enable an interactive discussion of perspectives directly with CICA membership.
Speakers: Ian Kilpatrick, Founder, Advantage Insurance Holdings, Ltd.; Joel Chansky, Consulting Actuary, Milliman, Inc.; Matt Gravelin, Sr. Manager, Johnson Lambert LLP
11:00 am-12:00 pm
101: Captives 101- Contemplating whether you can use a captive as a strategic business advantage
Join the panelists for a living room style discussion pertaining the basics of Captives & RRGs. The moderator will interact with the panelists exploring the concepts from what is a captive to why form a captive and what are the benefits. The captive owners will share their experiences and best practices throughout the feasibility, implementation and operation of a captive
Speakers: Anne Marie Towle, VP & Senior Captive Consultant, Willis Captive Consulting; Molly Seaburg, Risk Manager, Microsoft; Sandy Bigglestone, Director of Captive Insurance, State of Vermont, Dept. of BISHCA
Networking Lunch in the Exhibit Area
101: Using Reinsurance to Make Strategic Decisions for Your Captive Structure
Learn from Reinsurance Industry experts as to how reinsurance arrangements can be a strategic tool for operational and financial integrity of your insurance captive. Various types of reinsurance structures will be used as examples to evoke critical thinking and engage you to challenge whether you can be doing something more innovative with your insurance program.
201: How to Manage Employee Benefit Risk - A Canadian and U.S. Perspective
Speakers: Kathleen Waslov, Sr. Vice President, Willis
301: Using Captives to Corral Credit & Political Risk
Just in the past five years, multinationals have faced the global financial crisis, Russia-Ukraine, the Arab Spring, and ISIS. While no one knows what’s around the corner, some of these kinds of risks are insurable and the captive can be a critical part of the solution. Yet many organizations that use captives have long over-looked the potential benefits that captive utilization can bring in the credit and political risk space. This session will explore the various risks that captive owners may face in developing countries using anecdotes and case studies illustrating how risks were identified and addressed through the use of relevant credit and political risk solutions. Proper review and controlled captive utilization can enhance long-term risk management goals to support corporate entities.
Speakers: David Anderson, Director, Global Business Development, Zurich; Stephen Kay, SVP, US Practice Leader-Political Risk, Marsh USA
Networking Break - Exhibit Area (No Sessions)
201: The Strategic Advantage of Knowing the Ever changing Global Regulatory Landscape
Are you struggling to comprehend and track the ever-changing landscape and impact of NAIC and Solvency II regulations? This session will guide you through the latest changes and how it impacts your organization. The experts will provide insight into their recommendations and a glimpse into the future.
Moderator: Sean Rider, Managing Director, Sales and Consulting, Willis Global Captive Practice
Speakers: Dave Provost, Deputy Commissioner-Captive Insurance, Vermont Department of Financial Regulation; Tim Byrne, Director, Director Captive Business Development International, Willis Group
101: How to Understand and Get the Most Out of Your Actuarial Report
Often times, an actuarial report is referred to only to get “the number’. However, an actuarial report typically contains much more information that can be useful to an organization. A panel will discuss the various parts of actuarial report, help demystify some of the terms that are commonly found in them, and identify some of the other important information contained in the report and offer up some insight as to how this information could be used by an organization.
Speakers: Michael Bemi, President & CEO, The National Catholic Risk Retention Group, Inc.; Matt Killough, Consulting Actuary, Milliman, Inc.
301: The Stanford Way - Modern Reserve Setting Techniques that Influence Case Strategy and Litigation Decisions
The Risk Authority Stanford shares their proprietary decision analysis based reserving practices to set accurate reserves on complex medical professional liability claims. Using this process, TRA has significantly reduced loss development factors and informed case strategy by quantifying each unknown and decision incumbent in the litigation process. Healthcare reform is challenging the entire healthcare industry to respond with innovation and cost reduction-reimaging the reserving process can help the captive respond to that call.
Speakers: John Litting, Chief Finance and Underwriting Officer, The Risk Authority, Stanford; Guy Avagliano, Principal, Consulting Actuary, Milliman, Inc.
Captive Association Leadership Council Meeting
Networking Reception in the Exhibit Area
Tuesday, March 10
Networking Breakfast in the Exhibit Area
101: Developing the Operational Strategy of Managing Medical Stop Loss in Your Captive
This session will discuss how to design a medical stop-loss captive that can withstand a rapidly changing state and the ACA regulatory environment. Hear from industry experts ways to create a prudent financial structure and a medical stop-loss captive that is built to last. A group captive owner will also address how a successful stop-loss captive has managed growth and the new ACA rules to establish a strong platform for the future.
201: Seeking the Pot of Honey, but finding a Hornet's Nest? Innovative Strategies for Group Captives
Often times, middle market insureds utilize a group captive as they are generally more cost effective, capitalization is shared amongst the membership and the pooling of premium generally pushes the members out of the traditional market cycles. And the pot of honey…the future underwriting profits. This session is intended to expose potential challenges that may be associated with a group captive, how they emerge and techniques for addressing these concerns.
Speakers: Carol Frey, Vice President, Great American Insurance Company; Rob Walling, Principal & Consulting Actuary, Pinnacle Actuarial Resources, Inc.
301: New Rules, New Disclosures - Accounting Update
Information is key to making decisions and users of the financial statements are demanding more information. Join us for a discussion on the newly expanded insurance disclosures and upcoming changes
to the accounting standards.
Moderator: Steve Garwood, CFO, College Insurance Company
Speakers: Derek Freihaut, Principal and Consulting Actuary, Pinnacle Actuarial Resources and Magali Welch, Partner, Johnson Lambert LLP
Networking Break- Exhibit Area (No Sessions)
101: Captive Association Leadership Council - Strategic Issues & Direction for the Captive Industry
The Captive Association Leadership Council, known as “CALC” was formed several years ago to create a collaborating dialogue among captive domicile association leaders. A panel of distinguished association leaders will share with you common regulatory and operational issues that impact the operation of your captives and what captives should be doing to become engaged in the discussion.
Moderator: Dennis Harwick, President, CICA
301: Big Data and Captives - Using Data and Dashboards to your Strategic Advantage
The challenge that many insurers face is that they have a lot of information but it is difficult to harness and extract insight. A panel will discuss an approach where data is captured from various sources efficiently and used to produce customized claims diagnostics and management metrics reports. The key is that the claims data is combined with the actuarial estimates, whereas a claim administration system is only able to report on claim details.
Speaker: Christine Kogut, Principal and Consulting Actuary, Milliman USA, Inc.
201: Healthcare Captives...survival of the fittest!
Hear from seasoned veterans how to build a better healthcare captive/RRG. Topics will include discussions on becoming a profit center, adding new risks (i.e. stop loss and cyber liability), as well as comprehensive Enterprise Risk Management strategies and integration. The audience will also learn about the regulatory impact (ACA) from two of the world’s largest healthcare captive domiciles.
Speakers: Sheila Hagg-Rickert, Healthcare Risk Management Consultant, SHR Consulting; Donna Vible, Senior Vice President, Willis; Ruwan Jayasekera, Deputy Head – Insurance Supervision, Cayman Islands Monetary Authority; Dave Provost, Deputy Commissioner-Captive Insurance, Vermont Department of Financial Regulation
201: Insurance Contracts for 831(b) Enterprise Risk Captives-Policies and Pooling Agreements
As enterprise risk captives, commonly known as 831(b) s, proliferate, CICA has publicly stated that they should be done right or not done at all. With respect to policies and pools, this session will explore what it means to do it right. The discussion will focus on key decision points on typical arrangements, common practices and challenges in their design and operation and insight into difficulties and mistakes that raise issues of potential abuse.
Speakers: Jeff Simpson, Director, Gordon, Fournaris & Mammarella, P.A ; Brian Johnson, Principal, Bartlett Actuarial; John Capasso, President & CEO, Captive Planning Associates LTD
101: Economic Myths, Misconceptions & Mistakes
Economic events are usually reported through sound bites delivered by politicians and the financial media with a built in bias leading to misunderstandings and misconceptions. This session will use video clips to explore the genesis of these misconceptions and unpack some of these common held false beliefs.
Speaker: Gary Greene, Managing Director, Raymond James; Stanley Jacobson, President, Picasso Insurance LLC
301: New Business Strategy: Designing and Implementing a Cyber Risk Insurance Program
In this session, attendees will learn the ins and outs of designing and implementing a captive cyber risk insurance program from those who have been there. Topics to be discussed include the business case for providing coverage, selecting the scope of coverage, integrating coverage with other benefits, underwriting, pricing, claims adjudication and risk management. Although the session will focus on group captives, the information provided also will be of value to owners of single-parent captives.
Speaker: Philip Bell, Executive Director, County Reinsurance Limited; Joseph Holahan, Of Counsel, Morris,Manning & Martin, LLP; Philip Lawson, Develop Solutions Leader, NASW Assurance Services
Networking Lunch in the Exhibit Area
101: Who will be in your shoes in 2020? A Strategic Advantage to Developing Next Generation Captive Professionals
As captive leaders in all related fields to the industry, we are always in search of young talented professionals to mentor, train and be our heir apparent in the workforce. This distinguished panel of experienced captive owners, service provider and captive insurance educator will discuss such topics as talent development, succession planning and recruitment of professionals to sustain, grow and enhance your captive operations.
Moderator: Dan Kugler, Director Center for Insurance & Risk Management, University of Wisconsin Oshkosh
Speakers: Michael Bemi, President & CEO, The National Catholic Risk Retention Group, Inc; Jason Flaxbeard, Senior Managing Director, Beecher Carlson
201: Legal and Regulatory Update for Risk Retention Groups
RRGs and the Risk Retention Act are constantly challenged in the courts and by state regulatory authorities. This session will address the most recent legal and regulatory issues and their impact on RRGs.
Moderator: John Svoboda, President, National Home Insurance Company (a RRG)
Speakers: Skip Myers, Partner, Insurance Group, Morris, Manning & Martin, LLP
301: Insuring Reputation-A Risk of Risks
Reputation is a core enterprise asset. The strategic management of reputation risk, a top Board concern, is the vanguard of 4th generation risk solutions. Because measuring real-time indications of reputation value is now possible, the risk can be used to increase Captive premium writings for qualified companies. For public companies with enterprise level governance, risk management, compliance systems and controls, and coherent Board oversight, this solution lessens both D&O risk, and balance sheet volatility.
Speakers: Nir Kossovsky, CEO, Steel City Re; John Kelly, CEO, Hanover Stone Partners
201: Consolidating Insurance Programs for Strategic Business Purpose in an Era of Mergers & Acquisitions
As we are all aware, mergers & acquisitions in the healthcare space have increased dramatically over the last few years as well as a variety of other industries. This has caused many companies to ask “What should we do with our captive post-acquisition?" The panel of experts will inform the audience of critical information to be aware of during the M&A process and the next steps in consolidation.
Moderator: Bruce Whitmore, Senior Captive Consultant, Global Captive Practice, Willis Management
Speakers: Julie Robertson, Partner, Honigman Miller Schwartz and Cohn LLP; Stanley McKinley, Jr., Captive Insurance Manager, Wells Fargo & Co.
301: CCRIF SPC a Captive for All Seasons - A Case Study of Innovative Solutions by a CICA Captive Award Winner
Captive Case Study: Governance of a Captive with a high regional profile, and a wide range of stakeholders. How does the Board determine its risk appetite, and delegate authority and responsibility? Underwriting and Investment Portfolio design considerations - minimising enterprise and unrewarded operational risk. How the Board manages Investment, its Service Providers and Advisors
Speakers: Isaac Anthony, CEO CCRIF SPC; William Dalziel, Partner, London & Capital Asset Management
Exhibit Area Dismantle
301: New Developments in State and Federal Income Taxes and How they may Impact Captive Strategies
Always one of the best attended sessions. The session will address recent tax cases (e.g., Rent-a-Center and Validus) and additional precedents which may be decided prior to the session (e.g., Securitas which has been argued in The Tax Court). deal with recent state tax issues (e.g., recent proposals in New York and Illinois and an update on Texas’attempt to tax captives’ placements.)
Moderator: Rick Irvine, Partner, Tax Services Limited, PwC Bermuda
Speakers: Tom Jones, Partner, McDermott Will & Emery LLP; Bruce Wright, Partner, Sutherland Asbill & Brennan LLP
Networking Outdoor Reception