From: Captive International
The Captive Insurance Companies Association 2024 annual conference has kicked off in Scottsdale Arizona with an opening session that covered a wide range of achievements that CICA reported over the course of the year.
Nick Hentges, CICA board chair, said that captives are booming in the US and elsewhere. Captives and CICA are the tip of the spear, he said, leading not just the captive industry but also the insurance industry.
Hentges stressed that CICA’s NextGen and Amplify Women initiatives are vitally important for the industry. He said that CICA had already achieved much from these initiatives, pointing out that 46% of this conference’s speakers are women – most other conferences have less than 30% in places.
However, Hentges stressed that more needs to be done. The captive industry must bring in young people, Hentges urged, saying that it is vital for the captive insurance industry to attract new talent as the older generation steps down and retires.