MINNEAPOLIS ─ The Captive Insurance Companies Association (CICA) is pleased to be joining the Hawaii Captive Insurance Council (HCIC) for a series of educational programs in Tokyo, Japan Nov. 19-20, including the second annual HCIC Japan Captive Owners’ Summit.
CICA President Dan Towle and CICA Board Chair Steve McElhiney, CEO & Chairman, EWI Re; will be speaking at both sessions. “CICA welcomes the opportunity to join our captive colleagues from HCIC and the State of Hawaii Insurance Division in providing education and networking opportunities for current and prospective Japanese captive owners. Japan has a healthy insurance market with a growing interest for and use of captives. As companies in Japan increase their focus on risk management and risk financing, it’s natural to look at ways to use a captive to manage risks more effectively and with more controls,” Towle explained.
CICA’s domicile-neutral status and industry leadership is valued by captives and organizations around the world. “Through the Captive Associations Leadership Council (CALC) and our relationships with domiciles and captive associations from several regions, CICA is broadening its international focus. Most recently we have been exploring opportunities for collaboration with representatives from the Pan-Asia Risk and Insurance Management Association (PARIMA),” Towle said.
“HCIC has been helping Japanese captive owners understand ways to expand their use of captives and educating and supporting Japanese companies interested in forming captives for nearly 20 years,” Paul Shimomoto, HCIC Director and Marketing Committee Chair said. “We had a wonderful response to our first HCIC Captive Owners’ Summit last year, and our annual Prospect Seminar has been a standing room only event every year. We are grateful for CICA’s support and partnership, and we look forward to having CICA President Dan Towle and CICA Board Chair Steve McElhiney participating in our programs this year.”
About the Captive Insurance Companies Association (CICA) (www.cicaworld.com)
CICA is the only global domicile-neutral captive insurance association. CICA is committed to providing the best source of unbiased information, knowledge and leadership for captive insurance decision makers. CICA is your advocate around the world, key to the captive industry and the resource for captive best practices.
About the Hawaii Captive Insurance Council (hawaiicaptives.com)
The Hawaii Captive Insurance Council (HCIC), a nonprofit corporation since 1991, is committed to promoting, developing, and maintaining a quality captive insurance industry in the State of Hawaii. In partnership with the State of Hawaii Insurance Division, the HCIC provides information and education on issues affecting captives and assists the State of Hawaii in promoting Hawaii as a quality captive domicile on the local, national and international level.