Adam Miholic is senior captive consultant in the Chicago office of Hylant, a full-service brokerage and captive management firm, where he works with clients and prospects to model and evaluate captive insurance structures that will best work for them.
Mr. Miholic has extensive experience leading captive feasibility and modeling projects. He has dual bachelor’s degrees in education and history from Marquette University in Milwaukee, Wisconsin, and a master’s degree in business from Arizona State University in Tempe, Arizona.
Recently, Mr. Miholic discussed a wide range of captive insurance issues, including future growth, why certain captive domiciles are likely to grow, why captives are taking on new risks, the growth of cell captives, and how states are updating their captive statutes.
How did you get into the captive insurance business?
I fell into insurance in general. I graduated from college with a degree in education and history. So, I was a high school history teacher for a few years. Later, my wife and I moved out of state. I had a family member who owned an independent insurance agency and offered me the opportunity to work with them until I found a full-time job.
I found a passion for the business world. In 2011, I hung up my teaching hat, put on the business hat, and went back to school to get my M.B.A. Ever since then, I have been actively involved in the insurance industry. I started as an account manager for a property-casualty broker and did a wide variety of things, including policy issuance, certificate issuance, renewals, policy checks, and later moved up to client executive, where I was first introduced to captives.