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Stay informed and keep your competitive edge…attend this powerful one-day education and networking event for captive and risk retention professionals.
Learn, Network and Succeed with CICA
The Captive Insurance Companies Association provides the best opportunities for you to learn what it takes to be successful in the world of alternative risk solutions.
Plan now to join other high-level executives on the go and on the rise at this year’s Fall Seminar. This compact, but comprehensive, one-day event offers an efficient way for you to stay connected and up-to-date. Find out what works, what’s being done and upcoming trends and issues. Plus, the program all fits into one day...you’ll meet and exchange ideas with the top experts Thursday…and be back to work on Friday without missing a beat.
This intensive one-day seminar features...
- high-level, peer-to-peer networking targeted to captive owners, potential captive owners, risk managers, and captive managers.
- interactive, information-packed educational sessions on the most important topics and issues facing the captive and risk retention industries.
- free registration for CICA members
2008 Schedule-at-a-Glance
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2008 Program
8:30-9:10 am
A Word from Congressman Dennis Moore, (D-KS)—Sponsor of HR 5792 Expanding the Liability Risk Retention Act
 Serving his fifth term in the U.S. House of Representatives, Congressman Moore serves as a leading advocate for fiscal responsibility, including reinstatement of the Pay as You Go budget rule requiring that any legislation affecting entitlement spending be revenue neutral. He is a member of the Budget and Financial Services House Committees, a member of the Blue Dog Coalition—a group of moderate to conservative Democrats committed to restoring fiscal responsibility and accountability to government, and active in the Center Aisle Caucus—a group formed to bring more civility and bipartisanship to Congress. Congressman Moore has a reputation as someone who will reach across the aisle to develop common-sense solutions to issues.
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9:10-10:10 am
Risk Retention Group Case Study
Dan Labrie, CEO, Housing Authority Risk Retention Group—Recipient of the CICA 2008 Outstanding Captive Award
 The HAI Group was formed in 1987 in response to an insurance crisis for public housing authorities when commercial insurance companies did not want to provide coverage for the public housing community. Today, the HAI Group, is comprised of eight different companies—including Housing Authority Risk Retention Group and Housing Authority Property Insurance—and is celebrating over 20 years of successfully providing housing authorities with stable, affordable insurance and other services. Learn about the experiences and challenges the HAI Group has faced and what has made it one of the top RRGs in the industry.
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10:10-11:10 am
Captive Case Study: AARP
Speaker: Albert Fierro, MPA, ARM, President, AARP Andrus Insurance Fund, LLC
 With over 39 million members, AARP is the leading nonprofit, nonpartisan membership organization for people age 50 and over in the U.S. In July 2007, AARP launched the AARP Andrus Insurance Fund LLC, which is domiciled in Washington DC. As a billion dollar company, AARP developed a parent captive to respond to their soaring workers’ compensation rates following 9/11, reduce insurance premiums, have better control of cash flow, and improve their claims administration. Mr. Fierro’s responsibilities include the supervision of the national insurance portfolio and risk management for 50 state offices and the U.S. Territories. He is internationally recognized as a leader in captive insurance management, having worked with The Metro Pool in Sydney, Australia.
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11:10 am-Noon
Enterprise Risk Management and Captives
Barry Franklin, Consulting Actuary
 Barry Franklin most recently was responsible for the day-to-day management in the Americas for Aon Global Risk Consulting. He’ll share key aspects of Enterprise Risk Management and discuss the involvement of a captive from two different perspectives: 1) a captive can be viewed as a corporate subsidiary that needs to be evaluated within any ERM initiative; and 2) a captive can also help facilitate implementation of ERM in the broader enterprise. Emerging issues concerning ERM will also be explored in this context.
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1:00-2:00 pm
Program Business and Use by Cell and Protected Cell Captives
Speaker: Dennis Silvia, President, Cedar Consulting LLC
 Nonprofits offer value to their members by developing programs to meet their needs. Often, this means traditional, cell and protected cell captives that allow access to turnkey facilities. Traditional captive benefits, such as ownership, investment income, underwriting income and control, remain. See how this sector is utilizing captives and how captives can help the bottom line with low capitalization and start-up time, access to top-quality service providers, and the effect on taxes, reinsurance and fronting. Additional speakers to be announced.
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2:00-3:00pm
Solvency II: Why Captives Need to Pay Attention
Tomas Wittbjer, Global Head of Insurance, IKANO SA (IKEA)
 The European Commission and European Insurance Regulators is revising the solvency regime for insurers with the goal to introduce a risk-based solvency by 2012. This regulation will lead to major changes in capital adequacy levels and will, in its current format, bring a higher cost of capital for small insurers. The inherent volatility of the insurance book, as well as a lower diversification of investments, will cost the captive community dearly. As president of AGERE, the Luxembourg Reinsurance Managers Association, Mr. Wittbjer lobbies for a simplified approach for captives, but still under the framework of the new solvency regime. With the Basle II accord for banks in mind, this regulation might influence U.S. regulation as well.
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FALL SEMINAR QUICK LINKS:
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“The CICA Fall Seminar sessions were on the mark. I came away with important information that has a direct application to my business. This was an extremely worthwhile use of my time.”
Terry Gilbreth
Vice President Risk Management
Safeway, Inc.
Pleasanton, CA
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