Webinar Series

Live Q&A Schedule

April 8, 2021

• 12:00-12:20 PM EST  – Captives 101 – Understanding Captive Basics – 101
• 12:30-12:50 PM EST  – Taking Your Medical Stop-Loss to the Next Level – 201
• 1:00-1:20 PM EST  – Navigating from a Segregated Cell to a Wholly Owned Captive – 301

In this session, an experienced panel consisting of a captive manager, captive owner, and a captive consultant will cover the basics for the newcomers to the captive industry. The panel will discuss the types of captives, why captives are formed, as well as the potential benefits of using a captive to finance their risk. As the captive manager walks through the necessary elements of developing, maintaining, and expanding a relevant captive program, the captive owner and consultant will share insights as to how organizations are able to solve risk financing and management issues through captive structure and philosophy. The captive manager will also highlight some of the differences with the formation of a group program as opposed to a single parent captive.

Speakers:

• Theresa Carpenter, Senior Captive Consultant & Manager, Hylant Global Captive Solutions
• Heather McClure, Chief Risk Officer, OU Health
• Michael Zuckerman, Associate Professor Instruction, Temple University Fox School of Business

This session is APPROVED for ICCIE credit.

Many captive owners and risk managers see the advantage of including medical stop-loss in their captive program: protection against catastrophic claims risk, mitigation of rising healthcare costs, greater control of health initiatives, and so on. The challenge often comes after the organization has set up their stop-loss coverage in their captive. Now what? Traditional medical stop-loss results in some savings. In this session, we will focus on what strategies you could potentially leverage to drive additional savings to the health plan and the captive. In the COVID era, employers are laser-focused on the overall wellness of their workforce and how to facilitate positive change. This session will focus on how to proactively manage healthcare costs through your captive strategy, pivoting medical stop-loss from being only a cost-savings mechanism to a critical strategy that helps organizations sustainably bend the healthcare cost curve. The panel will share a case study experience of utilizing tools, platforms and data to yield favorable population health outcomes, and the ways in which they are anticipating future needs.

Speakers:

• Karin Landry, Managing Partner, Spring Consulting Group, LLC
• Randall Martin, COO, Energy Insurance Services

This session is APPROVED for ICCIE credit.

What happens when you’ve outgrown your segregated cell captive and are considering setting up your own wholly owned captive? We’ll present a real-life case study of a company who successfully navigated these waters. Learn from the captive owner, captive manager and broker about the benefits and pitfalls associated with this transaction. We’ll discuss why moving to a different structure can be advantageous, the complexity of the business plan and the captive manager’s role in the transition. We’ll also drill down into getting the feasibility study completed and associated costs, capital commitments, strategies for moving funds and using bridge LOCs. Learn about the bank requirements, effect of the fronting arrangement, and the effect in placing reinsurance.

Speakers:

• Barry Cox, President, Warehouse Services
• Justin Felker, Area Vice President, Gallagher Global Brokerage
• Jeff Packard, Assistant Vice President, Specialty Markets, PMA Companies

Live Q&A Schedule

April 15, 2021

• 12:00-12:20 PM EST  – TBD
• 12:30-12:50 PM EST  – Maximizing the Value of a Captive through Business Plan Changes – 201
• 1:00-1:20 PM EST  – TBD

There is no session scheduled for this time slot.

This session is APPROVED for ICCIE credit.

As an organization grows and evolves, often times the risks to an organization evolve as well. In this session, a panel consisting of a captive executive, a captive manager, an actuarial consultant, and a regulator will discuss how an organization’s captive is utilized to finance new risks, or risks and/or limits that were not originally expected to be insured by the captive as part of its original business plan. The panelists will discuss the process for expanding the captive’s business plan to accommodate the new risks, why the captive was ultimately chosen to insure the risks, as well as any hurdles encountered during the process. In addition, the risk manager will discuss any future plans for the captive and the other service provider panelists will share other examples where captives were utilized beyond the initial business plan. The regulator will address the process for implementing these changes and discuss some of the unique ways captives have been utilized to help organizations navigate the COVID-19 pandemic.

Speakers:

• Sandy Bigglestone, Director of Captive Insurance, State of Vermont – DFR
• Julie M. Bordo, President & CEO, PCH Mutual Insurance Co. Inc. A RRG
• Mike Meehan, Consultant, Milliman, Inc.
• Anne Marie Towle, Global Captive Solutions Leader, Hylant

There is no session scheduled for this time slot.

Live Q&A Schedule

April 22, 2021

• 12:00-12:20 PM EST  – Totally Cellular, Dude – 101
• 12:30-12:50 PM EST  – TBD
• 1:00-1:20 PM EST  – TBD

This session is APPROVED for ICCIE credit.

The growth in number of active cell captive insurance companies and jurisdictions passing cell company legislation over the past 3-5 years has been impressive. Why are these structures so attractive to companies over a single parent captive or group structure? What are the benefits and considerations? What are the main issues that should be considered when evaluating joining a cell facility? These questions and more will be addressed and explored by a group of experienced panelists. Not all cell facilities are created equal, and the value that each individual cell company derives from them will be as unique as the risks they insure. This session will highlight the more common notions of cell captives while also addressing many of the common concerns that both companies and regulators may have.

Speakers:

• Kevin Doherty, Attorney, Dickenson Wright, LLP
• Daniel Kusaila, Tax Partner, Crowe LLP
• Adam Miholic, Senior Captive Consultant, Hylant
• Will Young, Co-founder & CEO, Sana Benefits

There is no session scheduled for this time slot.

There is no session scheduled for this time slot.

Live Q&A Schedule

April 29, 2021

• 12:00-12:20 PM EST  – Group Captives: A Roadmap for Managing Risk – 101
• 12:30-12:50 PM EST  – Hard Market Strategies – A 10 Year Look – 101
• 1:00-1:20 PM EST  – Captives Provide Value in a Transitioning Insurance Market – 201

This session is APPROVED for ICCIE credit.

Member-owned group captives have a unique framework that’s instrumental in helping companies manage risk and control insurance costs. When members genuinely commit to the program and leverage the resources available to them, the results are impressive. In this presentation, a panel consisting of a captive member-owner, captive consultant, fronting/excess carrier, and loss control consultant will explain the framework. The panel will then present a case study describing how one transportation company leveraged the resources available within that framework, to get its loss control program back on track. Fleet Risk Management is a hot topic in commercial insurance as many companies have struggled with loss control. This company, fortunately, belonged to a member-owned group captive where safety is a prerequisite. Thanks to standard program metrics, the group captive was able to identify and flag the company’s increased risk. The captive consultant, loss control consultant, and the underwriting partner worked together to help the member company map out new policies and procedures to mitigate that risk. Attendees will learn how the group captive framework empowered the company to build and implement the roadmap, drastically improving its loss control and safety efforts, as well as its losses.

Speakers:

• Mark Lovinski, President, Safety Coach Concepts
• David Murphy, Safety Director, Keystops, LLC
• David Netti, Senior Vice President – Risk Control Services, Captive Resources, LLC
• Kate Paciorek, Risk Management Program Manager, National Interstate Insurance

This session is APPROVED for ICCIE credit.

The panel will discuss captive strategies for the hard market, aggregate reinsurance and offer a view of where captives will be in 10 years.

Speakers:

• Courtney Claflin, Executive Director – Captive Programs, University of California
• Richard Cutcher, Executive Producer, GCP
• Jason Flaxbeard, Executive MD, Beecher Carlson
• Michael Laperche, Vice President, Risk Management Services, PRIDE Industries

This session is APPROVED for ICCIE credit.

The combined effects of social inflation pressures, persistently low yields, and a number of large underwriting losses, including from COVID-19, led to a challenging insurance market in 2020. While capital remained adequate in most lines, insurers’ risk appetite was reduced as they became increasingly cautious in an uncertain environment and double-digit rate increases became common. Captives were a bright spot in this tough year and provided value to the parent organization by providing an effective tool to address pandemic and other risks, the ability to design customized insurance coverages, access alternative capital, and generate profits through third-party business. Regardless of whether an organization uses a captive to respond to extraordinary situations such as the COVID-19 pandemic, it is important for all captive parents to model their exposures and integrate captives into strategic planning and funding decisions. In this session, the head of insurance operations of a sharing economy organization and a captive advisory expert will share a brief update on recent changes in the insurance market, what organizations should consider when transferring risk into a captive, and the best way to optimize captive utilization as part of your overall risk management program.

Speakers:

• Laura Langone, Head of Insurance Operations, Airbnb
• Allan Smith, Client Service Leader, Marsh Captive Solutions
• Philipp Tran, ARM-E, Manager, Enterprise Risk, King’s Hawaiian

Live Q&A Schedule

May 6, 2021

• 12:00-12:20 PM EST  – Key Considerations for Young Professionals – 101
• 12:30-12:50 PM EST  – Insuring Medical Professional Liability Exposures Related to Medical Marijuana – 201
• 1:00-1:20 PM EST  – Legacy Strategies Across the Life Cycle of a Captive – 301

This session aims to tackle real-life scenarios commonly faced by young and new professionals, paired with advice from an experienced professional.

Sample scenarios:

• How do I get a job in the captive insurance industry?
• What if I want to grow into another role, but my boss is my mentor, how do I find another outlet?
• If I’ve been in the industry for 5 years, but I want to broaden my area of expertise. How do I find mentors or champions to help me do that?
• How do I find opportunities to present to a board or at a conference? What if I don’t have the opportunity in my current role or support of my employer?
• What skills or designations do I need to have/obtain to grow in my position, or into another position? How do you approach the conversation of moving into the next level of your career?

Speakers:

• Ian Davis, Senior Vice President, Captive Insurance Relationship Manager, People’s United Bank, N.A.
• Molly Hentges, Account Executive, Gallagher Bassett
• Joe McDonald, Captive and Risk Finance Product Manager, IRMI
• Kara Tencellent, SVP, Managing Director, Co-Lead NFP Risk & Insurance Strategy Collective (RISC), NFP

This session is APPROVED for ICCIE credit.

This session will include four panelists who were involved with the formation and/or ongoing operations of a risk retention group insuring medical professional liability exposures related to medical marijuana. This coverage is excluded from commercial medical professional liability policies, creating an ever-widening coverage gap as medical marijuana becomes legal in more states. You will hear from a captive owner, captive manager, TPA, and actuary, each of whom will provide their unique perspective on insuring an emerging risk.

Speakers

• Clare Bello, Senior Vice President, VCM, A CCMSI Division
• Craig Brophy, Principal & Consulting Actuary, Milliman
• Jim Girardin, Managing Director, Amethyst Captive Insurance Solutions, Inc.
• J Shorey, General Counsel, PRA Global

This session is APPROVED for ICCIE credit.

Whether you are just starting a captive or have been in the space for several years, capital management, capital efficiency and ultimately return of capital are primary concerns. This session will instruct on strategies that captives can use for effective capital management, redeploy their capital to other lines of business, eliminate unwanted legacy business, or in the case of dormant captives or captives that no longer fit their original purpose, exit the captive space completely.

Leaders in the captive and run-off market will provide an overview of run-off in general and as it relates to the captive market. The panel of experts will provide case studies and a variety of options to parent companies, captives and captive managers that can be financially beneficial, ease administrative burdens, free up resources to focus on other business avenues and/or secure finality for their captives.

Speakers:

• Desmond Bohan, Executive Vice President, BMS Re
• Mory Katz, Senior Vice President, Legacy Practice Leader, BMS Re
• David Presley, Senior Novations Expert, P&C Business Management, Swiss Re
• Ethan Vaughan, Vice President, Work Comp Marketing & Claims Expert, Swiss Re
• Carolyn Fahey Executive Director, AIRROC (Moderator)

Live Q&A Schedule

May 13, 2021

• 12:00-12:20 PM EST  – Investing for Your Captive in The Time of Corona – 101
• 12:30-12:50 PM EST  – Amplify Women – There is no limit! – 101
• 1:00-1:20 PM EST  – Small Captive Tax Audits and Litigation – The Rest of the Story – 301

This session is APPROVED for ICCIE credit.

Exacerbating an already challenging investment climate for captive insurers, the coronavirus has resulted in a material shift in the capital markets, magnified portfolio risks, and increased the headwinds for generating investment income. Our panelists will review and discuss these challenges, how captive insurers are adapting to market changes, and how they are monitoring and managing the increased enterprise risks stemming from their investment portfolio exposures.

Speakers:

• Rae Brown, Consultant – Management Services, GPW & Associates
• Anjanette Fowler, Director, Madison Scottsdale Insurance Asset Management
• Susan McCarthy, Manager Investments and Corporate Insurance, Horizon Blue Cross Blue Shield of NJ
• Sandi Prescott, Head of Client Service, Performa

As Michelle Obama shared, “There is no limit as to what we, as women, can accomplish.” In the captive industry, we have seen much success with women rising into leadership roles. How can we continue to build upon our success and empower younger women to strive for their goals? We, as women, can impact change and can embrace and advocate for diversity and inclusion. This session will engage the audience in discussion about continued changes for not only women, but for everyone to impact their own career development. Sharing of challenges and successes by key women and men leaders will be instrumental during this engaging session.

Speakers:

• Cheryl Baker, Manager of Risk Manager Risk Management Services, Blue Cross Blue Shield of MI
• Alicia Miller, Tax Manager, Crowe LLP
• Mary Ellen Moriarty, Risk Manager, College Insurance Company

This session is APPROVED for ICCIE credit.

During CICA’s 2020 webinar, the panelists discussed “How to Handle a Small Captive Case”. This session will extend our discussion to address the most recent developments, including implementation of the IRS formal Offer Program and Closing Agreements, 12 new audit teams for small captives, Letter 6336, and the effect (if any) of the US Supreme Court case (CIC v United States), any new trials, among many things.

Speakers:

• Kacie Dillon, Partner, Woolston & Tarter P.C.
• Charles (Chaz) Lavelle, Partner, Dentons Bingham Greenebaum LLP

Live Q&A Schedule

May 20, 2021

• 12:00-12:20 PM EST  – Protecting Intangible Assets – Parametric Solutions to Secure the Company’s Crown Jewels – 301
• 12:30-12:50 PM EST  – NA
• 1:00-1:20 PM EST  – Non-Domiciliary State Taxation and Regulation of Captives- 301

This session is APPROVED for ICCIE credit.

COVID-19 has disrupted global supply chains and has moved the world towards de-globalization. It has changed working arrangements, businesses’ ability to trade, consumer behaviors, and the role of the state. It has also created a new social contract between business and society. In many ways, it has accelerated underlying market trends, such as the shift to remote workforces and digital transactions. The fundamental shift towards a new world dominated by intangible assets like reputation, human capital, and intellectual property started long before any detailed discussions about looming pandemic risks. It has become more difficult to manage intellectual property in such an environment, but additionally the traditional ways of managing teams and culture have to be rethought. Similarly, as the new post COVID-19 world drives anxiety levels to new highs, businesses are also more prone to making reputational mistakes that can leave lasting impact in the way their customers, employees, distribution partners, and other stakeholders perceive the character of their business. This is particularly important as various activist events keep pushing the corporate environment from traditional shareholder capitalism to stakeholder capitalism. Risk Managers and Captive owners in businesses across all industries will have to be alert to these changes to make sure they have the right tools to keep enhancing their corporate value. They will have to rethink the optimal ways of using risk management practices and their captives to build internal resilience and become proficient at safeguarding their existing and new intangible assets.

Speakers:

• Deyna Feng, Director, Captive Programs, Cummins, Inc.
• Steve McElhiney, MS, MBA, CPCU, ARe, Senior Vice President & Director of Reinsurance, Artex Risk Solutions, Inc.
• Marcus Schmalbach, CEO / Professor, RYSKEX

There is no session scheduled for this time slot.

This session is APPROVED for ICCIE credit.

The panelists will discuss the history of state taxation and regulation of captive insurance by states other than the captive’s domicile, with an emphasis on recent developments in this area.

Speakers:

• Allan Autry, Senior Tax Associate, Johnson Lambert LLP
• Joel Chansky, Principal, Milliman, Inc.
• Joseph Holahan, Attorney, Morris Manning & Martin
• Paul Shimomoto, Partner, Goodsilll Anderson Quinn Stifel

Live Q&A Schedule

May 27, 2021

• 12:00-12:20 PM EST  – Bringing Everyone to the Table – Amplify Women & NEXTGen Roundtable Discussion – 101
• 12:30-12:50 PM EST  – Captive Tax Developments – State of the State and the IRS – 101
• 1:00-1:20 PM EST  – 2020: A Look Back at the Hard Market – 201

Members of Amplify Women and NEXTGen engage in a roundtable discussion about the challenges and benefits of bringing everyone to the table. Diversity is a popular talking point, but are we really walking the diversity walk? You will not succeed or thrive by simply checking an HR box to achieve the appearance of diversity; you have to truly commit to developing strong talent internally and attracting the best talent in the industry. It requires asking thoughtful questions, truly listening to the answers and being willing to make tough decisions to affect significant change within your organization. Members of Amplify Women and NEXTGen will discuss how to walk the diversity walk and take your organization to the next level.

Speakers:

• Amy Evans, Executive Vice President, Intercare
• Anjanette Fowler, Managing Director, Madison Scottsdale
• Erin Hackett, Audit Senior Manager, Crowe
• Karen Hsi, Program Manager, University of California

This session is APPROVED for ICCIE credit.

We will discuss the ever-evolving world of captive taxation from Federal and state perspectives as well as regulations and cases. From newly unveiled legislation in the state of Washington to changes in Minnesota’s legislation and impacts of J&J case in New Jersey – the panelists will share their thoughts and observations.. The panel will also cover the other applicable captive tax developments, both non-US and US, including captives electing section 831(b).

Speakers:

• Kristen Hazel, Partner, McDermott Will & Emery LLP
• Mikhail Raybshteyn, Partner, Ernst & Young
• Bruce Wright, Partner, Eversheds Sutherland LLP

This session is APPROVED for ICCIE credit.

An insurer can’t keep selling a dollar of claims for 75 cents and hope to survive in the long run! The economic reality of this hard market is different than the others preceding it. As a result, the solutions needed by insurers, insureds and captive owners to effectively navigate the hard market will also be different. A panel of experts will share their experiences in the hard market to provide insights on how we got here and how to manage risk going forward in the new normal.

Speakers:

• Steven Bauman, Head of Global Programs & Captive Practice in North America, AXA XL
• Jim Bulkowski, Americas Captive Services Co-Leader-Financial Services, Ernst & Young, LLP
• Ward Ching, Managing Director, Aon Captive & Insurance Managers (USA) Inc.
• Michael Douglas, Director, Business Development, Captive & Insurance Management, Aon Commercial Risk Solutions