Matia Daskalos and Vincent Palmieri proposed a group captive to address coverage gaps in the commercial market.
TUSCON, ARIZ. ─ MARCH 7, 2022 ─ Temple University seniors Matia Daskalos and Vincent Palmieri received first place honors in the 2021-2022 Captive Insurance Companies Association (CICA) College Student Essay Contest “Using Captive Insurance Solutions to Address Coverage Gaps,” sponsored by Strategic Risk Solutions. The winner was announced today during the opening session of the CICA 2022 International Conference at the JW Marriott Tucson Starr Pass Resort & Spa.
Second place went to Connor Thomson and Nicholas Vagnozzi of Sant Joseph’s University and third place to Katie Strohl and Blake Babec of Butler University.
“We are always pleased to see the bright and talented students who enter the competition. Their commitment to tackle a new challenge and develop a broader knowledge of insurance solutions gives them a leg-up on managing an organization’s risks,” says CICA President Dan Towle. “Students tell us they enjoy learning about the complexities of captive insurance and how captives can provide solutions that might not otherwise be available,” Towle added.
“We are pleased to sponsor this initiative. It spreads the word about how great the captive industry is in terms of being an interesting place to work and providing fantastic growth opportunities for bright, motivated individuals,” Brady Young, CEO Strategic Risk Solutions, says. “We hope this will help generate long-term interest in working in our industry and help supplement the captive industry’s needs as the current generation of leaders retire,” he added.
Daskalos and Palmieri, both actuarial science majors, say researching and developing their case study helped them see the critical analysis and in-depth problem solving used in developing captive insurance programs and that captives offers opportunities to develop creative solutions for many industries.
In addition to receiving their cash awards $2,500 for first place, $1,500 for second placed and $1,000 for third; the students will present their cases at a conference education session on Tuesday and will have their essays published by Essay Contest Media Partner Captive Insurance Times.
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 Strategic Risk Solutions (SRS) www.strategicrisks.com
SRS is the world’s largest independent insurance manager. With over 25 years’ experience, SRS provides management and consulting services to a wide range of insurance company structures, from single parent captives to complex commercial insurers and reinsurers. SRS has operations in the United States, Europe, Barbados, Bermuda, Grand Cayman, Guernsey and South Africa.
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