MINNEAPOLIS ─ JAN. 16, 2024 ─ The Captive Insurance Companies Association (CICA) today announced the three finalist teams in its Captive Insurance Solutions for Today’s Risk Management Challenges College Student Essay Contest, sponsored by Hylant Global Captive Solutions (Hylant GCS).

The three finalist teams are:

  • Harrison White and Bailey Sims, Butler University
  • Brian Dunn and Rose Gendy, Middle Tennessee State University
  • Gracie Law and Sofia Davis, Temple University

For the CICA essay contest, two-person teams were asked to describe how and why a captive insurance company could be used as a cost-effective means of alternative risk financing for new and growing risk challenges. The three finalist teams will now work with mentors from Hylant GCS to revise and enhance their essays, which will be judged again to determine first, second and third place.

“Each year it’s wonderful to see the sparks our essay contest ignites. Students consistently tell us that participating helped them see how innovative and challenging the captive insurance industry is,” says CICA President Dan Towle. “We give them an inside view and they are seeing first-hand the increasing opportunities for using captive insurance and for careers that grow with the industry.”

Anne Mare Towle, CEO global risk & captive solutions, Hylant, and essay contest sponsor, says “The captive industry is growing rapidly. We need to engage more students by showing them the diversity of skills and creativity required to create captive insurance solutions for today’s risk management challenges.”

Winners will be announced at the Monday morning general session during the CICA International Conference March 10-12 in Scottsdale Arizona. The finalist teams will also present their case studies during an education session. Registration information and full conference details are on the CICA website.

In addition to cash prizes, the students will present their essays during an education session at the CICA Conference and have them published by CICA Essay Contest Media Partner Captive Insurance Times.