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
ICCIE Credit
ICCIE, the International Center for Captive Insurance Education, approved several conference sessions for ICCIE credit. Please view the sessions below to see which qualify for ICCIE credit.
Sunday, March 10
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11:00 am
| Conference Registration Opens
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12:30 pm
| Golf Tournament* (12:30 pm tee off)
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| 2:00-5:00 pm | Tennis Mixer** |
6:30-8:00 pm
| Opening Reception in the Exhibit Area
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*Event is for conference registrants only. Activity registration and fee required.
**Guests are welcome. Activity registration and fee required.
Detailed Education Schedule
Monday, March 11
7:30 – 8:30 am
Networking Breakfast in the Exhibit Area
8:45– 8:55 am
First Time Attendee Orientation
9:00 – 10:45 am
Opening General Session / Keynote Address with Ken Gronbach
Kenneth W. Gronbach is the author of the current best selling book "The Age Curve: How To Profit from the Coming Demographic Storm". He is an internationally respected demographer who has been able to forecast societal, commercial, economic, cultural and political phenomena with uncanny accuracy. Ken’s unusual blend of marketing savvy and common sense demography, based on fourteen years of proprietary demographic study, set him apart.
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10:45 am – 11:00 pm
Networking Break in Exhibit Area
11:00 – 12:00 pm
Economic and Insurance Market Outlook for 2013 and Beyond
After a rough few years of recession, a disaster-prone 2011, hurricane Sandy and Euro debt-crisis in 2012, an ongoing debt ceiling and fiscal cliff debate, what are the economic drivers for the insurance industry now? What are the central themes of a challenging environment for the insurance industry in the years to come?
Speaker: Mr. Thomas Holzheu, Chief Economist, North America, Swiss Re
12:00 – 1:30 pm
Networking Lunch in Exhibit Area - Sponsored by Bartlett Actuarial Group
1:30 – 2:30 pm
201: Affordable Health Care Act-- Now What?
Approved for 1 ICCIE Credit
Whatever your view of healthcare reform, it is here to stay and brings additional risk to health care entities, including financial strategic, regulatory, operational and clinical exposures. New delivery models, such as Accountable Care Organization create challenges from increased vicarious liability to creating larger targets for plaintiffs. This session will outline how captives can help health care organizations address these challenges. The session will also address the requirements under the Medicare Secondary Payer Act. Resulting from amendments to the Act in 2003 and 2007, parties settling workers’ compensation and liability cases must consider Medicare’s interests. The presentation will address mandatory insurer reporting requirements, resolution of conditional payments, and Medicare set aside allocations, approval, and administration.
Moderator: Nancy Gray, Regional Managing Director-Americas, Aon Insurance Managers
Speakers: Ron Calhoun, Managing Director; Aon Risk Solutions; Rafael Gonzalez, Director of Medicare Compliance & Post Settlement Administration, Gould & Lamb; Sarah Pacini, Vice President, Risk Management and Insurance, Advocate Health Care Network
101: Captive 101 – Back to the Basics with Captive Industry Leaders
Our panel of industry experts will discuss the foundations of what a captive insurance company is and why it should be considered as a part of a risk financing program. The discussion will include feasibility studies, reinsurance, domicile choice and financial and tax considerations.
Speakers: Dennis Silvia, President, Cedar Consulting LLC; Alison Quinlivan, Managing Director, Aon Corporation
201: Cell Captives: A Dynamic Landscape Continues to Evolve
Approved for 1 ICCIE Credit
The universe of cell captives seems to more resemble technology these days with yesterday’s novelty already being old news. During the past couple of years Vermont and Tennessee have added incorporated cell laws, Delaware has formed more than 200 Series Business Units with other states looking to follow suit, while Cayman is implementing new state of the art offshore incorporated cell company legislation on the back of its existing segregated portfolio laws, just to name a few. This session will summarize how things have evolved since CICA last took a look at the cell captive industry two years ago, use real life examples to describe hurdles they stumbled upon while using the various forms of cell captives available today, setting the stage for the speakers to give us their predictions as to what to expect to come next.
Speakers: Jeffrey Simpson, Gordon, Attorney, Fournaris & Mammarella, P.A.; Paul Scrivener, Partner, Solomon Harris; James Weisz, Attorney & Captive Owner , Gadsden Insurance Company
2:30 – 3:00 pm
Networking Break in Exhibit Area
3:00– 4:00 pm
201: Accounting & Auditing Update-Are You Ready for What Lies Ahead?
Approved for 1 ICCIE Credit
The last couple of years have been relatively quiet in terms of significant new standards. However, numerous standards are currently in process and significant changes are on the horizon. This session will bring you up to date on the latest accounting and auditing developments including recent developments on the IASB/FASB Joint Projects on "Insurance Contracts" and "Leases". Join us for a look into recent developments on some of the largest proposed changes to face the industry in years.
Speakers: Magali Welch, Partner, Johnson Lambert LLP; Jonathan Arbeit, Vice President, USA Risk
101: Captives 102 - Applying the Principals - Case Study
As a continuation of the Captive 101 Basics discussion the panel will take the principals learned in the first session and apply them in a case study. Participants will learn how the feasibility study analysis is used to inform the actual structure and design of the captive insurance entity for maximum efficiency.
Speakers: Dennis Silvia, President, Cedar Consulting LLC; Alison Quinlivan, Managing Director, Aon Corporation
201: Does Unrelated Business Need to be Unrelated to Your Business? Finding 3rd Party Risks that Benefit Your Company's Bottom Line
Approved for 1 ICCIE Credit
This program will focus on various examples that clients use in order to achieve third party insurance business without having to enter a risk pooling structure. For instance, we will detail examples of extended warranty coverage, insurance requirements of customers of the business and working with employee benefits, among other examples. A captive owner will present with us and explain the coverage we recommended to assist in achieving risk distribution – customer insurance requirements.
Speakers: Philip Tortorich, Chair-Captive Insurance Practice, Katten Muchin Rosenmen LLP; Angelia Demkovic, Chief Executive Officer, Compass Holding, LLC
4:15 – 5:15 pm
Domicile Meetings (meet with exhibiting domiciles in private rooms)
5:30 – 7:00 pm
Networking Reception in the Exhibit Area - Sponsored by Zurich
Tuesday, March 12
7:30 – 8:30 am
Networking Breakfast in the Exhibit Area
8:30 – 9:30 am
301: The Changing Regulatory Environment
Approved for 1 ICCIE Credit
One of the most interesting and compelling issues affecting insurance regulation today is the potential (and actual) changes that are or may be imposed on US accounting, financial and regulatory standards by the actions of the IAIS and other international bodies. Complicating this process is the tension between state (NAIC) and federal (FIO) regulatory actors and then the potential impact upon captives. Our panelists follow these issues closely and should provide very useful insight.
Moderator: Robert Myers, Partner, Morris Manning & Martin
Speakers: Tom Finnell, Senior Insurance Regulatory Policy Analyst, U.S Department of the Treasury’s Federal Insurance Office (FIO). FIO, Debbie Lambert, Partner, Johnson Lambert & Co. LLP; Shanna Lespere, Director of International Affairs of the Bermuda Monetary Authority
201: Investing in Today’s Economic Environment: Why the Recovery is Different This Time Approved for 1 ICCIE Credit
In recent years the global economic condition has led to confusion and concern, particularly with institutional investors. From topics such as interest rates, the “fiscal cliff”, unemployment and politics, this session is designed to help us understand why our current condition, and its recovery, is different from the past. Further, the speakers will address strategies to help captive insurance companies navigate through these conditions and come away with concepts to consider for their investment portfolio.
Moderator: Alice West, Director- Insurance, Safeway, Inc. Speakers: Gareth Pulman, Senior Portfolio Manager, RBC Wealth Management, Daniel Wallick, Principal – Investment Strategy Group, Vanguard; Ed Goard, Chief Investment Officer (Fixed Income) – Munder Capital Management
201: It's What you Don't Know That will Hurt You! Best Practices Managing Workers' Compensation Claims
Approved for 1 ICCIE Credit
Effectively closing claims requires the streamline collaboration of the captive, TPA, and specialty service providers. While each party has their individual objectives, we will explore how cases are closed efficiently through the interaction. As an example, the panel will share how a specialized physician directed pharmacy review program of a managed care firm can impact claims of opioid prescribed injured workers, and how the TPA and captive are engaged to bring the case to resolution.
Speakers: Ron Arthur, Vice President - Claims Manager/American Contractors Insurance Group; Sharon Douglas, CEO, RehabWest, Inc.; Ailene Dewar, Vice President, Sales & Client Services, RehabWest, Inc.
9:30 - 10:00 am
Exhibit Hall Networking Break - Sponsored by South Carolina Department of Insurance
10:00 – 11:00 am
101: Successful Strategies for the Exploding Small Captive Market
Approved for 1 ICCIE Credit
The fastest growing segment of the Captive Industry in North America are small captives, many of which elect to be taxed under section 831(b). Like all other captive insurance arrangements, they should be created for sustainable risk management purposes. This session will address the proper construction of business plans for small captives including the benefits for private companies who as well as having risk management advantages may have the flexibility for other financial strategies.
Moderator: Les Boughner, Executive Vice President & Managing Director, Willis Captive Consulting
Speakers: Peter Kranz, Senior Vice President, Beecher Carlson, Dave Provost, Deputy Commissioner-Captive Insurance, State of Vermont; Chaz Lavelle, Partner, Bingham Greenbaum Doll LLP
301: Captive Governance
Approved for 1 ICCIE Credit
Corporate governance is becoming an increasingly important issue in the insurance industry. Regulators at the state, national (NAIC) and international levels are looking at corporate governance in the context of the recent financial crisis. Our panelists will examine the law regarding corporate governance, as well as how to implement good governance practices and manage board and member relations.
Speakers: Michael Bemi, President & CEO, The National Catholic Risk Retention Group, Inc.; Stephanie Mapes, Attorney, Paul Frank & Collins P.C.
301: Value Driven Enterprise Risk Management for Captives
Approved for 1 ICCIE Credit
Captives face conflicting pressures in order to provide the best possible services for their owners. If reserves are set too low, they will not cover payouts. If reserves are too high, owners pay excessive premiums. Accurate claim evaluation is the key to guide both reserves and case management strategies. This panel of experts will share case examples and actual experiences that developed the Decision Analysis Reserves Target (DART) process by utilizing applied Value-Driven ERM (VDERM). You will learn why you need VDERM, how it works and furthermore, how to use these principles to drive superior results for your captive.
Moderator: Robert Myers, Partner, Morris Manning & Martin Speakers: Jeffrey Driver, EVP/Chief Risk Officer, Stanford University Medical Indemnity Trust; John Celona, Stanford University Medical Center
11:10 – 12:10 pm
201: Collateral Issues Roundtable
Approved for 1 ICCIE Credit
One of the most contentious aspects of the relationship between many captive owners and their fronting carriers is collateral. Too much required collateral can have significant consequences to a captive owner and too little exposes the fronting insurance company to undesirable financial risk. This session will provide an insightful discussion a wide variety of issues that can play a role in collateral negotiations and provide practical ideas on resolving collateral disputes before they become contentious
Moderator: Erich A Brandt, FCAS, MAAA –Consulting Actuary, Pinnacle Actuarial Resources, Inc.
Speakers: Brian Donovan, President, STICO Mutual Insurance Company, RRG; Joe Holahan, Attorney, Morris, Manning & Martin, LLP; Mike Mead, President, M.R. Mead Company, Inc.; Carol Frey, Business Development Manager, Great American Insurance Company
201: Life Under Solvency II- Be Prepared!
Approved for 1 ICCIE Credit
Solvency 2 has generated a lot of discussion about its generalities. This session will present a practical example of how one aspect of S2, the Own Risk Solvency assessment (ORSA) actually is done. A hypothetical captive case will be presented with numbers and ratios. These will be used to go through the steps (and pitfalls) of an ORSA calculation. This will be an opportunity to find out what is meant by the hard-to-define terms "risk" and "solvency". Delegates will have a chance to join the real-time discussion of ORSA in detail, and Solvency 2 in particular.
Moderator: Hugh Rosenbaum, Towers Watson Speakers: Tomas Wittbjer, Global Head of Insurance, IKANO SA; Lorraine Stack, Senior Vice President, Marsh Management Services Dublin
12:10 – 1:00 pm
Networking Lunch in Exhibit Area - Sponsored by Old Republic Risk Management
1:00 – 2:00 pm
201: Captive Procurement Taxes, Regulatory Issues and NRRA
Approved for 1 ICCIE Credit
State taxation of captives has been getting a lot of attention recently, especially in light of NRRA. While the captive industry wrestles with whether NRRA applies to captives, states are getting more aggressive in assessing procurement taxes. Additionally, some states are imposing fines on companies who issue policies generated by direct procurement. Is this a coincidence? Are these intrusions warranted? And, how does "conformity" affect state taxation of captives?
Moderator: Jason D. Kimpel, Partner, Faegre Baker Daniels LLP Speakers: Kenneth Levinson, Partner, Faegre Baker Daniels LLP; Frederick Pomerantz, Partner, Wilson, Elser, Moskowitz, Edelman & Dicker, LLP; Michael Lusk, Vice President, Archer Daniels Midland Company;
201: How to Close Down Your Captive
Approved for 1 ICCIE Credit
Oftentimes, when setting up a captive, stakeholders fail to consider realistic captive exit strategies and processes, and as a consequence are not properly informed when the time comes to exit their captive strategy. During the operations of a captive, when considering certain fronting, risk pooling, long term risk assumption, risk sharing or other arrangements it is important to weigh the effect on a captive’s future potential exit needs; certain operational arrangements can have a serious impact on a captive owner’s options in exiting their captive. This session will provide a foundation for understanding and exploring captive exit strategies and will provide a high level road map of a captive exit process.In addition, this session will provide case studies from captive owners who have ceased captive operations and have exited their captives.
Speakers: Tomas Wittbjer, Global Head of Insurance, IKANO SA; Sean Rider, Managing Director, Sales and Consulting, Willis Global Captive Practice; John Svoboda, President, National Home Insurance Co.(RRG)
301: Super Losses--The Psychology Behind a Juror's Decision to Award Tens of Millions of Dollars
Approved for 1 ICCIE Credit
There is a disturbing trend of “Super Losses”, a/k/a extremely high verdicts in lawsuits ($50 million and higher). This session will take an in-depth look at the psychology behind these large awards by examining jury research results. By reviewing the cognitive implications of juror decision-making, strategies will be identified so that you may avoid these verdicts in the future and best protect your captive from large losses. This panel of litigation and jury experts will walk you through US verdict trends, case examples and provide thought provoking concepts. Also present on the panel will be a captive owner who will share the details and lessons learned from a huge casualty loss at trial.
Speaker: Suzanne Davis, Partner, |E|D|G|E| Litigation Consulting LLC; Pamela Popp, Executive Vice President, Western Litigation Inc.
2:10 – 3:10 pm
301: Predictive Analytics for Captives- A Case Study
Approved for 1 ICCIE Credit
It has been extremely difficult for workers compensation payers and employers to reign in medical cost inflation, which continues to significantly outpace general inflation levels. Claims predictive analytics, in coordination with other detailed medical cost analysis (including performance assessment and operational strategizing), can reduce workers compensation loss costs via early identification of risk, enhanced claims adjuster triage and managing medical interventions and vendor performance in a more informative manner.
This session will be a case study on how a large, self-insured and self-administered retailer is managing their workers compensation claims costs using predictive analytics. A captive owner will discuss how and why the captive chose to explore predictive modeling as a means to reduce claim costs and provide some insight as to how to get the most out the results. A consultant from the firm providing the analytics modeling and consulting will discuss its role in this effort. The presentation will discuss the data and analytic framework for the analysis, the techniques employed in developing the predictive models, the data and operational challenges involved, as well as some of the results, and benefits.
Moderator: Michael C. Meehan, Consultant, Milliman, Inc.
Speakers: Steve DiCenso, Principal, Milliman; James Snell, Director of Risk Management, MAC Risk Management
201: Unusual & Creative Captive Utilization--Case Studies
Approved for 1 ICCIE Credit
Understanding the unique risks associated with a variety of industries is critical in captive utilization and expansion. This session will explore several captives who have unique exposures or have designed “out of the box” coverage through their captive to retain the risk associated with these exposures. Join us in opening the box to a whole new world of ideas.
Moderator:
Anne Marie Towle, Senior Consultant, Willis Global Captive Practice
Speaker:
Todd Williams, Sr. Vice President, Willis Global Solutions Consulting Group; Dan Richards, CEO, Global Rescue LLC
201: The Realities of the 2013 Captive Market Study
A panel of captive experts will discuss this year’s results. You will learn of the new results to compare and improve your captive.
Speakers: Michael Anderson, Director, Hazard & Insurance, Xcel Energy Inc.; Mike Mead, President, M.R. Mead Company, Inc.
3:20 – 4:30 pm
301: Advanced Tax Update
Approved for 1 ICCIE Credit
This session will focus on events occurring in the last 12 months with particular emphasis on the Dodd Frank Act, new tax rulings, regulations, case law, potential tax law changes, state and local tax issues, and cell regulations that may affect the captive marketplace. The panel will also address the focus of the Internal Revenue Service in the exam process involving captive insurance companies.
Speakers: Tom Jones, Partner, McDermott, Will & Emery, LLP; Bruce Wright, Partner, Sutherland Ashbill & Brennan LLP; Rick Irvine, Partner, Tax Services Limited, PwC Bermuda
201: Group Captives: When Do They Make Sense?
Approved for 1 ICCIE Credit
When does a group captive make more sense than an individual captive or insuring on your own? Many employers may be faced with this question. This session will review group captive solutions including how to evaluate group captives and determine if this is the right solution for your organization. It will also discuss the benefits of group captives and the next steps in establishing a group captive.
Moderator:
Anne Marie Towle, Senior Consultant, Willis Global Captive Practice Speaker: Colin Donovan, STICO Mutual Insurance Company, RRG; Michael Pendleton, CEO, OrthoForum RRG and Desert Orthopaedics Desert, Ryan Ralston, Consultant, Spring Consulting Group, LLC;
5:00 – 6:30 pm
Closing Reception