From: Captive.com/IRMI
At the 2026 Captive Insurance Companies Association (CICA) International Conference in Palm Desert, a session titled “Captive Applications and Business Plans: Best Practices” focused on one of the most foundational, yet often underestimated, aspects of captive formation and management: getting the application and business plan right from the start and maintaining them over time.
Moderated by Kim Guerriero of Milliman, the panel brought together perspectives from a regulator, a captive owner, and a captive manager, offering a practical view of how captive applications are developed, reviewed, and refined in practice. Panelists included Vicki Fimea of the Arizona Department of Insurance and Financial Institutions, Theresa Severson of Kite Realty Group, and Andrew MacKay of Risk Management Advisors.
The discussion centered on what makes a captive application successful, where common issues arise, and how business plans evolve as captives mature.
