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
*Certain CICA Conference sessions are available for International Center for Captive Insurance Education (ICCIE) credit. View the conference schedule below to see which sessions are eligible.
*Event is for conference registrants only. Activity registration and fee required.
**Guests are welcome. Activity registration and fee required.
Detailed Education Schedule
Monday, March 12
7:30 – 8:30 am
Networking Breakfast in the Exhibit Area
8:45 – 10:30 am
Opening General Session / Keynote Address with Ross Shafer
Ross Shafer is a six-time Emmy Award-winning comedian, writer, and network TV host. He is the author of four business books (Nobody Moved Your Cheese, The Customer Shouts Back, Are You Relevant, and Grab More Market Share). Ross will highlight case studies that illustrate the key qualities leaders must have to be competitive in today’s business world. You are guaranteed to laugh, be inspired to trust your gut and fulfill your own potential.
In addition, the Opening General Session features the presentation of the industry’s two highest honors…the 2012 CICA Distinguished Service Award and the Outstanding Captive Award. Plan to be there for these exciting and inspiring presentations.
10:45 am – 12:00 pm
Captive Owners Special Forum
*No Press/Media Attendance Please*
Attendance is limited to captive owners only. This popular session is the ideal forum for candid dialogue among captive owners about their day-to-day challenges and how captives are being used to increase value and success.
Moderators: Dirk Heim, Vice President, Sierra Land Group, Inc.; John Svoboda, President, National Home Insurance Company, RRG
Captive Managers Special Forum
*No Press/Media Attendance Please*
Attendance is limited to Captive Managers only. This session features an open dialogue between CICA leaders and captive managers. This is your chance to exchange ideas and discuss longer term strategies to enhance the value of CICA to captive managers.
Moderators: Les Boughner, Executive Vice President & Managing Director, Willis Captive Consulting; Hilary Mechler, Director, Institutional Client Services, Munder Capital Management
12:00 – 1:15 pm
Networking Lunch in the Exhibit Area (Sponsored by Wells Fargo Bank, N.A.)
1:30 – 2:45 pm
301: Nonadmitted and Reinsurance Reform Act of 2010 – Ramifications for Captives and Surplus Lines
*Approved for 1 ICCIE Credit
The broad impact of this federal law will be analyzed by speakers who have been involved with the law since its inception. How did this amendment to the Dodd-Frank Act intended to streamline surplus lines compliance turn into a regulatory nightmare? What are the states doing to implement the law? Will captives be pulled into this whirlwind? Is there any planning that can be done to limit your captive’s exposure? Get the answers to these questions and more.
Speakers: Skip Myers, Partner, Morris, Manning & Martin LLP; Scott Sinder, Partner/Chair of Government Affairs and Public Policy, Steptoe and Johnson, LLC; Jim McIntyre, Partner, McIntyre & Lemon, PLLC
101: Captive 101 – Back to the Basics with Captive Industry Leaders
This session will explore the basics of captives and alternative risk financing vehicles presented by industry experts who will engage in the basics of captives, the benefits and their long history. The panel will include a captive owner, captive consultant/manager and attorney who will discuss the process of undertaking the feasibility of a captive and what is involved with the day to day operations. Come explore the history, the potential utilization and beneficial outcomes of having a captive within your Risk Management Program.
Speakers: Sean Rider, Managing Director, Sales and Consulting, Willis Captive Consulting Practice; Scott Spencer, Attorney, Stevens & Lee
201: Avoiding Disasters with Captive Insurance Planning
*Approved for 1 ICCIE Credit
Join a thought provoking and experienced panel of experienced attorneys who have been actively involved in litigation of captive insurance companies and related arrangements in examining why and how certain captive insurance arrangements have gone astray. The speakers will use real case examples illustrating the reasons for failure and lessons learned. Valuable take a-ways will include how to identify a scam involving a captive insurance arrangement, how to protect clients from loss of assets in a group or cell captive and insightful remedial measures that can be used to extricate clients from bad arrangements.
Speakers: Jay Adkisson, Partner, Riser Adkisson LLP; Fred Turner, Founding Principal, Active Captive Management
2:45 – 3:15 pm
Exhibit Hall Networking (Sponsored by South Carolina Department of Insurance and SCCIA)
3:15 – 4:30 pm
301: The Global Regulatory Environment and the impact on Solvency II
*Approved for 1 ICCIE Credit
This panel discussion will highlight the rapidly evolving global regulatory environment with an emphasis on the impact of Solvency II. The session will also address how various regulators are dealing with the effects of these changes on their domicile and how these regulatory changes will ultimately impact captives and their owners.
Speakers: Colm Homan, Partner, PwC; Shelby Weldon, Director- Insurance, Bermuda Monetary Authority
201: RRGs from Multiple Perspectives
*Approved for 1 ICCIE Credit
This session will bring together seven well-known RRG experts to discuss current issues affecting RRGs. The panelists will provide insight from various perspectives: owner/operator, regulatory, and financial in a question and answer format. What are the stresses on RRGs in the Current Market? How have RRGs performed? What are the hot regulatory issues? Attend this session and get answers to these questions and more.
Moderator: Anne Marie Towle, VP & Senior Captive Consultant, Willis Captive Consulting Practice Speakers: David Provost, Deputy Commissioner-Captive Insurance, State of Vermont; Steven Chirico, Assistant Vice President, A.M. Best Company; Skip Myers, Partner, Morris, Manning & Martin LLP; Lisa Poulin, Senior Actuarial Analyst, Milliman Inc.; John Svoboda, President, National Home Insurance Co, RRG; William(Bill) W. Thompson, Vice President Operations, CPA Mutual Management, Inc.
101: Captive Taxation: It is Not What You Know, but What You Don’t Know That Can Hurt You
*Approved for 1 ICCIE Credit
This session encompasses an introduction for beginners to the world of captive taxation and being aware of plethora of tax issues which can arise in a captive entity. The panelists will include an attorney, a tax advisor, captive consultant and captive owner engaging in a lively discussion on the avoidance of pitfalls which can impact the taxation from a federal and state level, including captive income tax, self procurement tax and premium taxes.
Moderator: Scott Jones, President, Altim insurance Ltd. Speakers: Brad Schock, Tax Advisor, KPMG; Allison Quinlivan, Sr. VP, Aon Insurance Managers; Phillip England, Anderson Kill & Olick, P.C.
4:30 – 5:30 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 13
7:30 – 8:45 am
Networking Breakfast in the Exhibit Area
8:30 – 9:45 am
201: Utilizing Captive Best Practices to Avoid Common Mistakes and Drive Positive Results
*Approved for 1 ICCIE and 1 teleconference credit. CICA and ICCIE have partnered to present this session LIVE via webcast. To register for the webcast online, click here. Designation students and for any ICCIE-related questions, please contact angela@iccie.org.
This session will feature case studies that highlight the use of Best Practices to drive positive results and avoid common mistakes in operating your captive.
Speakers: Jeffrey K. Simpson, Attorney, The Stewart Law Firm; James Weisz, Partner, Weisz & Santagata LLP; Michael J. O'Neill, President and CEO, American Contractors Insurance Group, Inc.
201: Looking Back and Looking Forward - Annual Accounting & Auditing Update
*Approved for 1 ICCIE Credit
Accounting and auditing rules continue to affect our industry. This session will bring you up to date with the latest accounting and auditing developments including an update on the IASB/FASB Joint Project on “Insurance Contracts”. Join us for an insightful look into these new developments and a look back to what was happening 40 years ago.
Speakers: Magali Welch, Partner, Johnson Lambert & Co. LLP; Melissa Hancock, Regional Manager, Strategic Risk Solutions, Ltd.
201: The Realities of the 2012 CICA Captive Market Study, formerly the Fronting Survey
We have expanded and improved our well regarded Fronting Survey to a broader base. Listen to a panel of captive experts discuss this year's results. You will learn of the new results to compare and improve your captive. A must-attend session!
Moderator: Mike Mead, President, M.R. Mead Company, Inc.
Speakers: Ryan Ralston, COO, ERI Solutions; Carol Frey, Assistant Vice President, Great American Insurance Company
10:15 – 11:30 am
201: A Healthy Midsection: Middle Market Captive Opportunities and Options
*Approved for 1 ICCIE Credit
An informative overview of the vast middle market for captives, how its opportunity segments can be defined, and what structural and financial strategies can serve them best. One or more case studies of middle market projects will be reviewed by an experienced panel including a captive manager, captive counsel, and an actuary. Common pitfalls and their avoidance, as well as strategies to improve middle market single parent and group opportunities and financial performance will be explored. An informative summary of small captive strategies, particularly the 831(b) election, will be included from the legal, broking, financial, and risk management perspectives.
Speakers: Patrick J. Haddad, Esq., Member, Kerr, Russell and Weber; Justin C. Mead, Senior Vice President, R&Q Quest Management Services USA, LLC; Peter S. Rauner, Senior Consulting Actuary, Pinnacle Actuarial Resources, Inc.
301: Health Insurance Opportunities for Captives-the Next Frontier
*Approved for 1 ICCIE Credit
The cost of medical coverage for employees continues to increase the CPI and continues to take a large percentage chunk out of revenue. Self insuring and placing stop loss risk in captives can create significant and tangible results that counter this trend. This can be accomplished by utilizing a single parent captive or by pooling risks with other employers. Savings result from recapturing underwriting profits on risks retained and from administrative costs.
Speakers: Michael Clark, Consultant, Spring Consulting Group, LLC; John Cassell, Sr. Partner, Spring Consulting Group, LLC
301: Utilizing Captives for Advanced Art Solutions
This session will present innovative and creative financial and risk management solutions that involve single or multiple captives.
Moderator: Les Boughner, Executive Vice President & Managing Director, Willis Captive Consulting
Speakers: Nancy Gray, Regional Managing Director-Americas, Aon Insurance Managers; Ruth Fletcher, Manager Captive Insurance, Spectra Energy Corp; Mike Lusk, Vice President-Insurance and Risk Management, ADM; Wendy Hearn, Risk Manager, Best Buy Co. Inc.
11:30 – 12:45 pm
Networking Lunch in the Exhibit Area
12:45 – 2:00 pm
201: Why Risk Managers Should Focus on Employee Benefit Liabilities
*Approved for 1 ICCIE Credit
For decades, risk managers have dealt with Workers Compensation insurance and developed expertise on the related employee medical risks. The same best practices that apply to WC (and other P&C risk exposures) can and should apply to management of corporate benefit liabilities arising from both active and retired employee populations – life, disability, accident, medical and pensions. The cost of employee benefits has increased dramatically in recent years and the need to comply with federal healthcare reform makes it all the more imperative that risks be managed and financed optimally. This session will explore the nature of benefit risk exposures and describe the options available to employers to finance the risk with familiar risk management tools including risk retention, self insurance, and captives.
Speakers: Kathleen Waslov, Sr. Resource Consultant-Captive Consulting, Willis Management; Peter Joy, Executive Vice President, Aon Insurance Managers; Andre' Pascal Prevost, Nestle
201: Taxation of Segregated Accounts, "The Good, the Bad and the Unknown"
*Approved for 1 ICCIE Credit
In addition to highlighting recent tax developments, a panel of captive tax experts will discuss the taxation of segregated accounts, the potential impact of the proposed segregated account regulations, analyze the questions the proposed regulations answered and postulate on those they did not.
Speaker: Rick Irvine, Partner, Tax Services Limited, PwC; Bruce Wright, Partner, Dewey & LeBoeuf, LLP
201: What is Rare, Short Tailed, and Offers Good Protection? Property Insurance Written in a Captive.
*Approved for 1 ICCIE Credit
If a dollar were paid into the U.S. treasury for every captive pitch that emphasized only the tax advantages of captives that write long-tail business, we could eliminate the national debt! Captives can offer so much more, including compelling alternative approaches to commercial placements. This session will review:
- Current benchmarking information to show how many captives currently write property in their captives
- Alternative structures that can be used to assist with a large placement
- Case studies of captives utilized by property owners – including REITS
- Overview of how to assess the risk/reward of assuming short tail risk
- Covers to consider including terrorism, business insurance, tenant programs and others
This session will feature risk managers who include property in their captives and explanations of the decision making process.
Speakers: Alison Quinlivan, Managing Director, Aon Captive & Insurance Management; Robert L. Wilson, Director, Aon Benfield Fac; Drew McGillin, Risk Manager, Subaru of America, Inc.
2:15 – 3:30 pm
301: Tax Update: Captives Under Siege or Business as Usual?
*Approved for 1 ICCIE Credit
This session presents the latest developments in Federal income and excise tax affecting captive insurance companies. It will provide an understanding of captive taxation and the aspects of state taxation as a result of recent legislative changes which impact captive insurance companies.
Speakers: P. Bruce Wright, Partner, Dewey & LeBoeuf LLP; Charles J. (Chaz) Lavelle, Partner, Bingham Greenebaum Doll LLP
201: Member Modeling: The Best Member Retention Strategy
*Approved for 1 ICCIE Credit
Modeling historical and future outcomes for individual members reveals the long-term advantages of sticking with a well-managed group captive in the face of competition. Models can be used to show "what if" scenarios to predict how much surplus the member can expect, as well as the effect of new members entering or older members retiring and leaving. From the simplest to the more complicated, this session will look at the basics and how to apply them.
Moderator: Jason Flaxbeard, Managing Director, Beecher Carlson
Speakers: Joel Chansky, Consulting Actuary-Milliman, Inc.; Brian Donovan, President, STICO Mutual Insurance Company, RRG; D. Hugh Rosenbaum, Retired Principal, Towers Watson
301: Instant Karma: What Happens at the End of the Self-Insurance Life Cycle?
*Approved for 1 ICCIE Credit
The life cycle of self-insurance risk, from assumption to resolution is quite different from that of the traditional insurance market. The
management of a legacy portfolio requires additional considerations beyond what may have been contemplated when the captive was first
established. This session will discuss the unique issues which arise at the end of the insurance life cycle and explore options to meet those
challenges, from reinsurance to novation to entity acquisition.
Moderator: John Svoboda, President, National Home Insurance Co. (RRG) Speakers: Omar Abbara, Vice President – Structure & Marketer – Retroactive transactions, Swiss Re; Mayur Patel, Head of M&A, Catalina Holdings (Bermuda) Ltd.
3:45 – 5:00 pm
101: Board Governance: Thorough Board Education Impacts Captive Results
*Approved for 1 ICCIE Credit
This session details the process and instrumental impact of upfront education with board members for the captive/RRG board. The impact of sharing evaluation tools, processes and procedures for instilling a well functioning board member on your board can be priceless. How do regulatory governance rules impact the board? How do you incorporate succession planning? The answers will be revealed in this interactive session. The impact of a well educated board can improve the efficiency of a well run captive in the long run.
Moderator: Skip Myers, Partner, Insurance Group, Morris, Manning & Martin, LLP
Speakers: Anne Marie Towle, VP & Senior Captive Consultant, Willis Captive Consulting; Stephanie J. Mapes, Attorney, Paul Frank + Collins P.C.; Michael Bemi, President and CEO, The National Catholic Risk Retention Group, Inc.(TNCRRG)
201: Investment Management: Wisdom and Wine, Blends and Trends
If you're interested in a unique yet educational session, attend this insightful forum offering practical wisdom for your captive and your palate. This session will explore Captive Insurance investment management strategies for today’s volatile markets, regulation trends, and considerations in response to the continuing aberrant global economy. As a special bonus (and to help soothe your nerves in this wild economy), and back by popular demand, we will provide a fun and practical Wine Tasting! Enjoy a glass of Red while we de-mystify the wine experience and share useful information on how to order, present and taste wine as well as offer good "Bang for the Buck" ideas for your next perusal of a restaurant wine-list.
Speakers: Michael Vandenbossche, Senior Portfolio Manager, Munder Capital Management; Hilary Mechler, Director, Institutional Client Services, Munder Capital Management; Michael Fleming, Investment Analyst, Vanguard
301: Implementing Multiple Captives Into A Global Program
*Approved for 1 ICCIE Credit
The presenters will discuss their involvement in the design and placement of the combined global property and marine programs for two large auto manufacturers. Each coverage placement is global and involve multiple front companies, reinsurers and separate captives utilizing different retentions. We will discuss how the complexities were managed including the program structuring, currency issues, the incorporation differing claims processes and ceding requirements.
Speakers: Greg Myers, Executive Managing Director, Beecher Carlson; Richard Christensen, Senior Manager, Vehicle Service Contract, Nissan Global Reinsurance
5:00 – 6:30 pm
Tuesday Outdoor Networking Reception located in the Northern Sky Terrace