Conference Program— Education for Optimal Results Wednesday, March 5
Pre-Conference Education Sessions
9:30-10:45 am
Captives 101
Keep grounded in the vital basics regarding captives, this annual session has proven popular for both captive rookies & seasoned veterans. Attendees receive CICA’s Captives: An Overview publication (a $50 value). Speakers: Karin J. Landry, Managing Partner, Spring Consulting Group, LLC; Harry Rodgers, HSBC
Risk Retention Groups 101
One the fastest-growing sessions in recent years, see what options exist within the risk retention group arena as well as important factors to provide maximum value. Speakers:Wendy Fisher, Corporate Secretary Regulatory & Business Affairs, National Home Insurance Company; Robert “Skip” Myers, Partner, Morris, Manning & Martin LLP; Craig Watanabe, Captive Insurance Administrator, State of Hawaii; Ann Wick, President, Strategic Risk Solutions (Arizona) Inc.
Escaping the Crisis: What’s Next for Healthcare Captives? The crisis in the availability and affordability of medical professional liability is ebbing. As commercial capacity increases and rates decrease does a captive continue to be an important risk management tool for hospitals and physicians? Hear from a panel of healthcare captive owners, operators and brokers as they discuss the value and viability of insuring healthcare risks in a captive during a softening insurance/reinsurance market. Speakers:Ruth Goodell, Managing Director, Marsh USA; Scott Beckman, Vice President - Risk Management, Advocate Health Care; Jay Waters, Vice President - Insurance & Risk Management, University Hospitals back to schedule
Thursday, March 6 8:45-10:45 am
Opening General Session
Keynote Address: Stuart Varney Stuart Varney is a popular business correspondent and anchor, best known for his work on FOX News Channel. Formerly with both CNBC and CNN as host of shows such as Wall Street Journal Editorial Board and The Moneyline Newshour, he joined the Fox Business Network in 2007 as an anchor.
11:00 am-12:15 pm
Best Practices—A View from the Regulators and Key Industry Leaders New Best Practices Document to Be Released at Conference
This “first of its kind” document for the captive industry focuses on business alignment, corporate governance, and regulatory compliance. Through an iterative process, CICA worked with regulators and industry leaders from the captive management, risk management and group captive areas to develop best practice guidelines as a starting place for the industry. Hear from best practice participants on how to be well-positioned for the future. Speakers:Jeff Kehler, South Carolina Department of Insurance; Skip Neilson, Downstream Team Lead-Americas, Shell Oil Company; Dean Wickens, Deputy Head of Insurance, Cayman Islands Monetary Authority; Suzanne Williams, Assistant Director, Bermuda Monetary Authority
Captive Contributions to Corporate Strategies
Find out how the use of captives can be used as a management tool to contribute to overall global corporate strategies. Get the inside track from experts as they provide both domestic and international examples of revenue streams that are reinsured to a corporation’s captive, new insurance products and financial solutions where a captive can be used to increase revenues and profits for the parent. Speakers: Jean-Paul Louisot, Senior Director, IIA/CARM Institute; Melissa Losasso, Sr. Risk Analyst, Sun Microsystems, Inc.; Hugh Rosenbaum, Tillinghast-Towers Perrin
Program Business: The Evolution of Group Captives
With the recent development of new fronting markets, risk managers seeking to secure tax deductibility and quota share reinsurance— corporations along with trade associations, are finding that program business strategies can significantly enhance both their captive’s value proposition and bottom line. Learn about this emerging sector and whether is has answers for you. Speakers: Richard Christensen, President, Nissan Global Reinsurance; Dixie Arthur, President, ASAE Services; Michael Murphy, President, Beecher Carlson Insurance Services, LLC. back to schedule
1:45-3:00 pm
Compliance
A fresh look at an emerging problem for captive owners and service providers will be given by two industry pros who will offer unique insights into the challenges of regulatory compliance. Speakers:Hugh Rosenbaum, Tillinghast-Towers, Perrin; Dana Sheppard, Associate Commissioner of Risk Finance Bureau, District of Columbia Department of Insurance Securities and Banking; Pamela Collins Woodroofe, President, Collins Consulting
Segregated Cells
Existing and potential captive owners are increasing their use of the segregated cell alternative. This is your chance to hear about the advantages and challenges that need attention when considering and using a segregated cell structure. Speakers: Michael Burns, Partner, Appleby; Gary Osborne, Vice President & Senior Consultant, USA Risk Group; Arthur Perschetz, of counsel, Muldoon, Murphy and Aguggia, LLP;
The World of Reinsurance Collateral
With Regulation 114 Trusts becoming more of a mainstream option, the question of collateral options for captives has become even more complex. This session examines the various options available to captives, along with the benefits and drawbacks of each…from the perspectives of a fronting company, a captive manager and an insurance asset manager. What’s more, cost, risk management and balance sheet implications also will be thoroughly explored. Speakers:Joseph Loporto, Vice President-Trust Attorney, Brown Brothers Harriman; Christopher Holleman, Vice President and Relationship Manager, Wellington Management Company; Michael O’Malley, Sr. Vice President & Managing Director, SRS back to schedule
3:10-4:30 pm
Managing Excess Reinsurance Costs
In addition to the retained business, virtually all captives need to purchase excess of loss reinsurance. Typically, this is done on both an occurrence and an aggregate basis. Find out about the drivers of claim cost inflation and their differing effects on ground up and excess layers. Hear about a variety of structural options that help mitigate increases in reinsurance costs. What’s more, learn—in easy-to-understand terms—how to evaluate those options using a statistical simulation method that can be a valuable judgment tool in evaluating the risk and reward of reinsurance purchases. Speakers:Michael Petrocik, Vice President, Munich Resinsurance America, Inc.
Why Your Captive Needs an Investment Consultant for Long-Term Success
The session covers the development of an Investment Policy Statement, establishing the strategic asset allocation, how money managers are evaluated, selected and monitored, identifying the most appropriate portfolio benchmarks, what is involved with the continuing monitoring of the investment portfolio for a captive insurance client. Plus, you’ll find out how important risk is in starting and the ongoing management and oversight of investment portfolios. Speakers:Claude Parenteau, President, Parenteau Associates, LLC; Joseph Finn, Managing Director- Punter Southall, LLC; Fred Seponara, President & Chief Executive Office-Insurance Advisory Services
What Makes a Good Domicile
With the expanding pool of captive domiciles, coupled with the attention agencies are directing to appeal to captive owners, how do you know what factors to consider when analyzing domiciles? In this session, captive managers will share the characteristics they consider most important and what priorities a captive should have when reviewing domicile options. Speakers:Nick Frost, Senior Vice President, Quest Management Services Limited; Patrick Theriault, Director, Client Services, Wilmington Trust; Monique Jackson, Sr. Vice President, Global Captive Management; Jason Flaxbeard, Senior Managing Director, Beecher Carlson Insurance Services LLC back to schedule Friday, March 7 8:45-10:00 am New! Captive Owners Only Forum
*No Press/Media Attendance Please
Attendance is limited to captive owners only. This innovative session is the perfect place for candid dialogue among captive owners on their day-to-day challenges and issues…and how captives are being used to increase value and success. Moderator:CICA board vice-chair Mike Lusk
New! Service Providers Only Forum *No Press/Media Attendance Please
*Open to Regulators
Attendance limited to service providers only. This session features an open dialogue between CICA leaders and service providers. Plan to attend to exchange information and ideas about the association’s plans, service providers’ needs, and ways CICA can assist its valued service provider participants to maximize value. Moderator: CICA board chair Les Boughner back to schedule
10:15-11:30 am New Data! CICA Fronting Survey
CICA has expanded its annual survey to include employee benefits and expanded financial information. Attend this session to find out about new survey findings and gain important insights on how your captive compares to the latest industry averages. Speakers:CICA Fronting Survey Committee
Captive Case Studies: A Behind-the-Scenes Look at Successful Practices
Success begets success! CICA’s 2007 Fall seminar created a wonderfully engaging atmosphere of informational exchange on best/innovative practices in the captive industry. This must-attend session is your chance to hear highlights from this insightful seminar as successful captive practitioners reveal what really works…including innovative and unusual lines of captive business, third party risk, workers' comp, and even using a captive as a profit center. Speakers:Dirk Heim, Vice President & Risk Manager, Sierra Land Group; Mike O'Neill, Senior Vice President, ACIG, Ltd.
Employee Benefits—Improving your Captive's Efficiency
The recent proposed IRS regulations may potentially change the tax effectiveness of many captives. Employee benefits that are considered to be third party risks can help you diversify your captive's risk. Learn about the practical realities about benefits…what's easier and what's likely to have a significant impact. Speakers:David Schwartz, President, YKK Corporation of America back to schedule
12:30-1:45 pm Special Session! Taxes and the results from the IRS Regulatory Proposal
Come to this highlight session to learn about the latest tax implications on captives, as well as CICA’s efforts and response to defeat the IRS Proposed Regulation that would have, among other things, treated captive insurance companies much differently from a U.S. federal income tax perspective than other commercial insurance companies. Speakers: Tom Jones, Partner, McDermott Will & Emery; Bruce Wright, Partner, Dewey and LeBeouf, LLP; Introduction by Dennis Harwick, CICA President and Co-Chair of the Coalition for Fairness to Captive Insurers. back to schedule
“CICA gave me the perspective I need to understand and manage our captive. The sessions were substantive. The case studies—the session on the World Trade Center captive in particular—were interesting examples of how captives work in practice. I appreciated the openness of the attendees—their willingness to talk about their situations and exchange practical ideas.”
Terry Lutz
CFO
Scheurer Hospital
Pigeon, MI
“At CICA, industry veterans learn from each other. And for attendees who are new to captives and seeking information, this conference also covers the fundamentals and helps you meet the right people.”
Dugald MacLeod
Account Manager
Caledonian Insurance
George Town, Grand Cayman
