** Guests are welcome. Activity registration and fee required.
Conference Program Weathering the Storm—Captive Contributions Sunday, March 8
Pre-Conference Education Sessions
9:30-10:45 am
Captives 101
Always well-attended by both captive rookies and seasoned veterans alike, this informative session will keep you grounded in the vital basics regarding captives. Session attendees receive a complimentary copy of CICA’s Captive Overview publication. Speakers: Sean Rider, Sr. Vice President, Willis Captive Consulting Practice; Michael Scott, Manager-International Insurance, Archer Daniels Midland Company; Bruce Wright, Partner, Dewey & LeBoeuf, LLP
Risk Retention Groups 101
On 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: Karen Cutts, Managing Editor, Risk Retention Reporter; Wendy Fisher, Corporate Secretary-Regulatory & Business Affairs, National Home Insurance Co. (RRG); Robert H. (Skip) Myers Jr., Managing Partner, Morris, Manning & Martin, LLP
Navigating Healthcare Captives in Stormy Insurance Times 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? A panel of healthcare captive owners, operators and brokers will discuss the value and viability of insuring healthcare risks in a captive during a softening insurance/reinsurance market. Moderator:Scott Beckman, Vice-President-Risk Management, Advocate Health Care Network; Speakers: Zach Fryer, Partner, Krolikowski, Capelli and Fryer; Martin McFadden, Managing Director, Marsh, Inc.; Sarah Pacini, Administrator Risk and Captive Management, Advocate Health Care Network
Auditors vs. Captive Managers: Can't We All Just Get Along? presented by CICA, in association with ICCIE CICA, in association with ICCIE, is presenting this special session which will shed light and promote understanding about the audit process for captives. At last year's CICA Conference the CICA Board heard from captive owners that audit firms tend to send in "green" auditors with no understanding of captive insurance companies. Then those auditors demand information which the captive managers deem trivial and unnecessary. In response, the audit professionals feel that captive managers/owners are pretty much clueless about auditing and often confuse the accounting process with the auditing process. Come to this sessions and hear both sides of this debate! Moderator:Michael Mead, President, M.R. Mead & Company, LLC Speakers:Brian Donovan, President, STICO Mutual Insurance Company, RRG; Shawn Evans, President, DC Risk Solutions; Ian Kilpatrick, Crusader International Group; Peter O’Leary, Director, Deloitte & Touche; Richard Patching, Partner, PricewaterhouseCoopers, LLP; Carrie Rice, CPA, Johnson Lambert & Co.; Glenn Saslow, Partner, Saslow, Lufkin & Buggy, LLP; Seamus Tivnan, Director, Strategic Risk Solutions, Ltd. back to schedule
Monday, March 9 8:45-10:45 am
Opening General Session
Keynote Address—Leading through Tough Times: Innovation, Technology, Execution with Robert Crandall Robert Crandall, former Chairman and CEO of AMR Corporation and American Airlines, is best known for revolutionizing the travel industry. During his tenure, he was considered by many as the most creative, respected and controversial executive in modern aviation. Hear this intriguing trailblazer at CICA.
In addition to this keynote address, the opening session also features brief comments from CICA’s President and Board Chair, granting of ICCIE Certificates, and presentation of the 2009 CICA Distinguished Service Award and the 2009 Outstanding Captive Award. back to schedule
11:00 am-12:15 pm
Jungle Risk ManagementRisk Lessons from the African Bush
Gert Cruywagen will present “Risk Lessons from the African Bush”. Using examples from his book, Jungle Risk Management, he has developed a unique presentation on how animals in the African bush manage their risks (or not) to avoid becoming prey and how these risk strategies relate to businesses. Speaker:Gert Cruywagen, Group Manager-Risk Management, Sappi Ltd. back to schedule
1:45-3:00 pm
Regulation Session
Regulation has become even more important to captive owners as the NAIC reaches out, the DOI’s face budget cuts and the Europeans are pushing Solvency II. Our informed panel will offer their views and answer your questions on this vital topic. Speakers:Charles Cohen, Attorney, BARGER & WOLEN, LLP; Robert H. (Skip) Myers Jr., Managing Partner, Morris, Manning & Martin, LLP
CICA’s Best Practices Follow-Up
At the 2008 Confernece, CICA unveiled its Captive Best Practices Guidelines–a document compiled by industry experts and regulators to help captives align themselves with the business of their parent company or owners, develop good corporate governance to control and direct the management of their captive, and comply with regulatory requirements of their governing domicile. This year’s session will review how captives have used the Captive Best Practices Guidelines and discuss how to move forward with improving or expanding the Captive Best Practices Guidelines. Speakers: Debbie Burd-Varner, Director of Insurance Accounting, Asurion; Karin Landry, Managing Partner, Spring Consulting Group, LLC; Dana Sheppard, Associate Commissioner of Risk Finance Bureau, Department Insurance, Securities & Banking
Using your Captive as a Behavior
Modification Tool
Representatives from three leading US health systems will present and discuss the ways that their health systems have used their captives to drive change in the behaviors of providers including nursing and medical staff members. The panel members will each address the unique features of their programs which are designed to improve loss experience and enhance the system risk management program by making the captive a focal point in driving change. The panel members will also address the challenges faced during implementation and operation of these programs. Speaker: Mike Evans, Chairman, DC Risk Solutions; Jay Waters, Vice President, Insurance & Risk Management, University Hospitals back to schedule
3:10-4:30 pm
Employee Benefits Update
As businesses continue to look for cost savings, the interest in placing employee benefit plans in a captive insurance company continues to grow. This session will look at recent developments in placing employee benefits plans in a captive insurance company, how to build the business case for doing so, and explore the issue of whether the costs savings are real. Speakers: Michael Scott, Manager, International Insurance, Archer Daniels Midland Company; Peter Joy, Executive Vice President, Aon Insurance Managers
Captive Reinsurance Characteristics—How to Tame the Unique Animal
This session explores the reinsurance market for captives and will assist captive owners to understand how reinsurance markets analyze risk. A panel of industry experts will outline unique characteristics of captive reinsurance and how they should be managed in order to obtain optimum reinsurance protection. The potential impact of recent regulatory changes and their impact on reinsurance credit exposures will be addressed by the panel. Speakers: Bill Hodson, Vice President, Axiom Re, Inc.; Mike Petrocik, Vice President & Chief Actuarial Officer-Speciality Markets, Munich Reinsurance America, Inc.; Garry Coulter, Executive Vice President, USA Risk Intermediaries
Your Captive Business Plan: How and When to Write, Update or Revise One
Captive insurance companies exist in a world of flux while confronting powerful internal and external market dynamics. A panel of speakers will present case studies exploring how by continuingly redesigning their captive business plans they have optimized their ability to respond to the complicated threats and opportunities inherent in today’s risk financing industry. Moderators:Drew McGillin, Risk Manager, Subaru of America, Inc.; Michael Murphy,Sr. Managing Director, Beecher Carlson Speakers:Tony Benedetto, CEO, National Association of Social Workers Insurance Company; Robert H. (Skip) Myers Jr., Managing Partner, Morris, Manning & Martin, LLP back to schedule Tuesday, March 10 8:45-10:00 am
CICA Fronting Survey
The CICA Annual Survey advances its scope to include employee benefits, expanded financial information and enhances the details based upon the answers provided by captive owners throughout the industry. Learn how your captive measures up. Speakers:CICA Fronting Survey Committee— Kathleen Dickenson, Vice President—Operations—Alternative Risk Programs, FinCor Solutions; Catherine Duffin, Div. Chief Operating Officer—Group Strategy, Artex Risk Solutions, Inc; Carol Frey, Vice President, Ace Risk Management; Michael Mead, President, M.R. Mead & Company, LLC; Carol Pierce, Vice President, Munich Reinsurance America, Inc.; Carrie Rice, CPA, Johnson Lambert & Co. LLP; Magali Welch, Principal, Johnson Lambert & Co. LLP
Small and Medium Sized Captives: Risk Management, Tax and Wealth Transfer Benefits
The continuing soft market combined with the recent credit crisis has resulted in a significant overall decrease in new captive formations. However, growth in captive solutions focused on the small to mid-size organizations has remained steady, why? Creative structures, increased efficiency and greater IRS clarity have made a captive a viable option for many organizations previously deemed too small. Attend this session and learn about the unique risk management, tax and wealth transfer benefits and pitfalls to watch for when forming and operating a “mini”captive. Speakers: Joel Chansky, Principal & Consulting Actuary, Milliman USA, Inc.; Stewart Feldman, CEO, The Feldman Law Firm LLP; Patrick Theriault, Vice President & Managing Director, Wilmington Trust Captive Management Services, Inc.; Anne Marie Unger, Managing Director of Captive Consulting, Alta Holdings, LLC
10:15-11:30 am
Captive Owners-Only Special Forum
Restricted to just captive owners, this session features interaction designed to have captive owners talk with each other on their day-to-day challenges and how captives are being used to increase value and success. Moderator: Mike Lusk, Corporate Vice President, Archer Daniels Midland Company and CICA 2008-2009 Board Chair
Service Providers-Only Special Forum
Restricted to service providers only, this session features CICA leaders listening to service providers about ways that CICA can assist its valued service provider participants to maximize value. This open forum is an exchange of ideas and longer term strategies for the CICA leadership to consider as methods of improving the value of the CICA organization to service providers. Moderator:Claude Parenteau, President, Parenteau Associates, LLC and CICA 2008-2009 Board Vice-Chair back to schedule
12:30-1:45 pm
Tax Session
One of the leading captive tax practitioners in the industry will discuss various current and potential issues affecting your captive's tax status. How will President Obama's tax program impact your captive's future? Will onshore or offshore domiciles benefit? What issues are IRS field agents raising in captive audits? Discussion will include topics such as business risk vs. insurance risk, satisfying unrelated risk and brother/sister risk distribution requirements, cell/rent-a-captive taxation and federal excise tax developments. Speaker:Tom Jones, Partner, McDermott Will & Emery LLP
Domiciles: Domicile Selection/Managing Captives in Multiple Domiciles
The number of organizations with multiple captive programs has significantly increased due to the globalization of the commercial and insurance markets, mergers and acquisitions and the expanding use of captives for employee benefits. Come and hear a panel of captive experts and risk managers discuss their experience with the administration of multi-captive programs in multiple domiciles. Learn their approach to assure operational efficiencies and how to avoid duplication of duties. Speakers:Richard Christensen, Senior Manager, Vehicle Service Contracts, Nissan Global Reinsurance; Jason Flaxbeard, Sr. Managing Director, Beecher Carlson Insurance Services, LLC.; Michael O'Malley, Managing Director, Strategic Risk Solutions, Inc.
Effective Claims Management
Every captive is unique, however each shares the need to manage loss costs in order to achieve optimal financial results. The partnership between the captive and its claims management company will be explored relative to claims settlement philosophy, use of technology and the approach to litigation management. Speakers:Jill Bryant, Vice President, Zurich N.A.; Catherine Duffin, Div. Chief Operating Officer, Artex Risk Solutions, Inc.; Jim Dreveny, Vice President-Customer Service, Zurich N.A. back to schedule
2:00-3:30 pm
Bonus Session: Financial Services Industry Reform from the Risk Retention Group Perspective Presented by NRRA
All CICA registrants are invited to attend the National Risk Retention Association’s session on the key aspects of the current national trends affecting the risk retention industry. The session takes place in between CICA’s last conference session and the closing reception. Hear panelists talk about state and federal legislative issues, specific areas of state involvement adversely affecting risk retention groups and NRRA's strategic plan of action as it focuses on regulatory and legislative activities for the coming year. Plan to participate in the "town hall" segment. 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.”
