MINNEAPOLIS ─ AUG.7, 2018 ─ The Captive Insurance Companies Association (CICA) received the 2018 Industry Advocate Award at the U.S. Captive Review Awards dinner held in Burlington, Vermont. The award recognizes an individual or organization that demonstrates innovation, forward thinking and a strong commitment to the US captive insurance industry. The award is judged by a group of industry professionals.
Awards ceremony host, and Captive Review Editor, Richard Cutcher said, “CICA has made huge strides in the last 18 months to increase its industry presence and, particularly, engaging with the next generation of captive insurance leaders. The judges were impressed by the Association’s new mentorship program, designed to engage young risk and insurance professionals by helping to provide a strong support network.”
Cutcher also lauded CICA’s relationship building efforts. “CICA has also made moves to improve its relationship with the National Association of Insurance Commissioners (NAIC), including facilitating the successful visit of its current president, Julie Mix McPeak, to their annual conference in March.”
Upon accepting the award, CICA President Dan Towle said, “We are extremely honored to receive this award in recognition of the association’s advocacy work. CICA has a long-standing tradition of being the only-domicile neutral trade association that advocates on behalf of the US and the global captive insurance industry.”
The Industry Advocate award recognizes innovation, forward thinking and a strong commitment to the US captive insurance industry. CICA’s efforts this past year have included:
- Advancing the relationship between the captive industry and the National Association of Insurance Commissioners (NAIC) by engaging NAIC president, Julie Mix McPeak to attend the CICA International Conference and meet with captive regulators.
- Consistently advocating for and increasing understanding of the responsible and prudent use of captives amid media headlines touting abuse of captives,
- Leading the industry’s efforts to advocate for and position captive insurance as a dynamic industry with challenging and interesting careers and launching several new professional development programs.
For more information, contact CICA by email at info@CICAworld.com or by phone at 952-928-4655.