NU Online News Service, Dec. 30, 9:40 a.m. EST
In the current economic environment, captive insurers are being used in more ways than ever to maximize value for their parent companies. Captive owners will share their insights and perspectives at the Captive Insurance Companies Association's annual conference, March 7-9, at the Omni Orlando Resort at ChampionsGate in Orlando, Fla.
CICA's captive-specific conference program features two full days of intensive education sessions, a comprehensive tradeshow where captive owners and risk managers evaluate business solutions and ideas with service providers and domiciles, with plenty of opportunity for networking.
The CICA International Conference is attended by hundreds of captive and risk retention group professionals from the U.S. and around the world, CICA said.
"Captive insurance companies have existed for many years and are well-established. Like most financial tools, their original purpose has evolved and new applications have and are being developed," CICA President Dennis Harwick said in a statement. "That's the mindset behind the 2010 CICA International Conference."
He said CICA has created an education and networking program bringing together "the experts who are leading the way for captives to be used in more ways than ever and to maximize value for their parent companies. In today's challenging financial landscape, that's never been more important," he said.
The CICA International Conference program opens on Monday, March 8 with a keynote address by Peter Leyden, Technology and Future Trends Expert, and author of "What's Next?" and "The Long Boom." From start to finish, there are over 20 education sessions geared specifically to the unique needs of captive and risk retention group professionals from a uniquely domicile-neutral perspective.
Program and Speaker Highlights
o "Leveraging Legacy Liabilities: Effective Portfolio Run-Off Strategies in the Current Economic Climate," Art Coleman, president, Citadel Risk Management Inc., and Gregory Lang, senior vice president, Munich Re America.
o "Establishing Captive Value by Building a Healthcare Cooperative," John Cassell, senior partner, Spring Consulting Group, LLC; Marta Hayes, program director, ASAE Business Services Inc.; and Arthur Perschetz, attorney, Kilpatrick Stockton, LLP.
o "Regulatory Update: NAIC & Solvency II and their Impact Globally," Damian Sepanik, chief compliance officer, Zurich American Insurance Company; Tim Byrne, managing director, Willis
Management (Dublin) Limited; Guenter Droese, global head of corporate insurance, Deutsche Bank Group.
o "Maximizing Value with Successful Management of Captive Claims," Robert Butler, account executive, Gallagher Bassett Services Inc.; Peggy Kehoe, supervising managing director, Discover Re; Charles Norton, general counsel, Coca Cola Bottlers' Association; Mike O'Neill, president, American Contractors Insurance Group Ltd. Financial Measurers that Matter.
Additional sessions cover middle market captive growth, IFRS accounting, operational best practices, tax update, funding retirement benefits, global reinsurance, setting loss reserves and the annual CICA Fronting Survey.
For information visit www.cicaworld.com.
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