Whether you are new to the captive industry and need solid background information, or are a captive owner and wish to advance your knowledge, Captive EDU is for you! These digital sessions feature industry experts speaking on a wide range of captive topics. Scroll down to see, below. Sold individually or in prearranged packages.
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Duration: 60 Minutes
Duration: 60 MinutesFormat: Adobe Link with Power Point The Tax Court has issued its long-awaited opinion in the case of Avrahami v. Commissioner. Join Chaz Lavelle and Dan Kusaila as they not only explain what the Avrahami opinion says, but also what it means. Avrahami is the first court case involving a captive taxed under section 831(b Our industry experts will:1. Describe the facts of the case;2. Explain the IRS’ position regarding the case and the facts on which the Service disagreed with the taxpayer;3. Explain the areas on which the Court focused in reaching its decision;4. Describe the effects this case might have on the future of the captive industry. Moderator: Richard Smith, President, Vermont Captive Insurance Association Panelists: Dan Kusaila, Tax Partner, Crowe Horwath LLCCharles (Chaz) Lavelle, Partner, Bingham Greenbaum Doll LLP
Financial benchmarking, and more precisely the need for relevant, captive-specific data to benchmark against, continues to be a request from Vermont captive owners as a result of ever increasing corporate governance requirements and the on-going quest for “best practices.” VCIA and the Vermont Department of Financial Regulation have researched how they might fill this data void. The result of this collaborative effort is the newest edition of the VCIA 2015 Captive Benchmarking Workbook. Available at no cost for VCIA Members only.
This comprehensive captive insurance dictionary helps you communicate effectively in the captive industry. Learn the insurance acronyms and basic definitions with this essential tool.
Duration: 120 minutesFormat: Audio with Power Point Underwriting involves understanding numerous aspects of an insurance program. Whether it’s creating Program Guidelines, collecting exposure and loss information or setting program structure, understanding the components to the process will lead to a better appreciation of the discipline in program development. Moderator:William D. Motherway, President, Conner Strong & Buckelew/New York, LLC Panelists:Steven Bauman, Senior Vice President, Zurich North AmericaRaymond J. Rocchio, Jr., Vice President, PMA CompaniesSandar Thulis, Managing Director, Travelers
Duration: 120 MinutesFormat: Adobe Link with Power Point The session explores the liability risk retention act (LRRA) along with past, current and future opportunities and challenges impacting RRG’s. The panelists highlight best practices for utilizing, managing and governing RRG’s and provide insight on state regulation. Participants will gain an understanding of the history around federal and state legislation of RRG’s and how these risk management vehicles compare to traditional insurance companies. Moderator:Richard Smith, President, Vermont Captive Insurance Association Panelists:Sandra Bigglestone, Director of Captive Insurance, State of VermontSteven Chirico, Assistant Vice President, A.M. Best CompanyPamela Davis, Founder/President & CEO, Nonprofit Insurance Alliance Group, Alliance of Nonprofits for Insurance, RRGDaniel Labrie, President and CEO, HAI Group
Duration: 105 MinutesFormat: Audio with Power Point Once a captive is formed, members of the captive’s Board of Directors start receiving financial statements and attending board meetings where the financial statements are presented. Financial statements for captives are often confusing for board members, particularly given the nuances of insurance accounting. Directors sometimes ask for a walk through of how to read the balance sheet and income statements of their captive, and others go to the bottom line on the income statement and the Equity/Cash on the balance sheet while bypassing the rest of the statement. This seminar provides an in-depth look at the financial statements of a captive and explain the nuances of insurance accounting. Panelists detail some of the important, often overlooked information in the financial statements, and show how this information can be used to calculate important ratios and metrics that measure the financial health of the captive. A captive regulator shares insight on ratios they focus on when evaluating the financial health of a captive, and why some ratios are favored over others. Panelists:Anita Perkins, USA Risk Group, Inc. (Moderator)Christine Brown, State of Vermont, Department of Financial RegulationAnita Perkins, ACI, USA Risk Group, Inc.Joseph Schimenti, Yellowstone Insurance Exchange, RRGMagali Welch, CPA, AIAF, CA, Johnson Lambert LLP
Duration: 60 MinutesFormat: Adobe Link with Power Point Want to know what it takes to facilitate a successful captive exam? Want to understand the process better and to achieve better outcomes? VCIA is pleased to present an informative and timely webinar that will equip you with the knowledge necessary to ace your next statutory captive examination. The webinar provides an overview of financial regulation, explains how various components tie in to the examination process, and discusses details of each phase of a captive exam, including common pitfalls and best practices. Vermont’s Director of Captive Exams provides insight into the regulator’s perspective, while seasoned Captive Managers who have been through the process provide industry accounts. PanelistsKevin Cote, Beecher Carlson Insurance Services, LLCDan Petterson, State of Vermont Department of Financial RegulationChristopher Plumpton, Strategic Risk Solutions Vermont Ltd.
Are you a captive board member who wants to learn more about your role and responsibilities as they relate to Governance Standards? Are you a consultant trying to help your client navigate compliance with the recently enacted law establishing governance standards for RRG? Are you part of an RRG and need to know how the new law applies to you and what standards are required? This informative and timely webinar which will cover the provisions included and BOD responsibilities which are best practices for all companies, and will also provide insight on the new law’s standards, which are only required by RRGs. Our panelists are experts who have been working through the implementation phase for RRG’s and share their knowledge and perspective to address common questions and concerns, give guidance on interpretation of the standards, and share valuable tips on how to effectively and efficiently adopt policies and standards that work for your company. This session will also discusses common concerns from directors regarding their fiduciary responsibilities, D&O coverage and what they need to do to ensure they are adequately protected.
Duration: 85 MinutesFormat: Audio with Power Point Captive insurance has existed for nearly 50 years. You’d think that all uses for this flexible financial vehicle would be well-known by now, but that’s not the case. As technology and federal regulations change, companies discover emerging classes of insurable risk. And as the availability of data grows, companies have greater ability to measure exposures, risks, and losses. These changes become the catalyst for the development of new types of insurance. Join us to hear from captive owners who have tackled many insurance challenges, including those related to the Affordable Care Act, emerging wireless technologies, the growth of information processing systems, and changes in the distribution model for benefits. Enhance your awareness of common threads and patterns in issues and risks to be addressed and managed, such as exposure measurement, product design, premiumrating, and loss adjusting. Panelists:Bob Gagliardi, AIG Insurance Management ServicesMichael Hawkins, J.D., The University of Vermont Health NetworkKevin Jones, Iron Horse Insurance Co.Christine Kogut, FCAS, MAAA, Milliman, Inc.Heather McClure, JD, LLM, CPHRM, Academic Physicians Insurance Company
Duration: 60 MinutesFormat: Adobe Link with Power Point Duration matching is a common strategy in the insurance world and is often used in captive management. But is it the most beneficial approach for your company? A captive’s liability structure, asset size or owner objectives may affect the suitability of this approach. Duration matching can meet some concerns but may expose the captive’s investment portfolio to unforeseen risks. Factors such as the interest rate term structure, “optionality” of cash flows, the actuarial nature and frequency of claims and the risk tolerance of the captive should all be considered when designing and reviewing an investment management program. This webinar helps you learn the differences between and distinct advantages of duration matching, cash flow matching, total return investing and other liability driven investing approaches. You will learn which captive specific circumstances should be considered when determining the appropriate captive investment strategy, and discover which approach is best suited for various scenarios. Panelists:Michael McCord, NLC Mutual (Moderator)John Boland, CFA, Maple Capital ManagementJason Stubbs, Bartlett Actuarial GroupDavid Tatlock, Strategic Risk Solutions Vermont Ltd.
Duration: 105 minutesFormat: Audio with Power Point What in the world happened to my claim? I reported it to my captive and it’s been 6 years. Oh! My claim is going to trial! Come and be part of the trial process; see witnesses testify; opening and closing statements and then be the jury at the end! What happened here? The Plaintiff’s father was a resident in an Assisted Living Facility in 2010 for 23 days. Within 23 days he was dead. What in the world happened?!? Should he have been there? Did the facility staff do something wrong? Or is this a case of bad things can happen to good people under good health care? Did the caretakers do all they could for the Plaintiff’s father? Who will win? Only you can tell – because the polling questions answered at the end will determine the outcome here! YOU ARE THE JURY! Trial Attorney: Kirsten Ullman, Esq.,Lewis, Brisboois, Bisgaard & Smith, LLPTrial Attorney: Clare M. Bello Ogden, Esq., VCM, A CCMSI CompanyJudge: Brian Bursa, Esq., Lewis, Brisbois, Bisgaard & Smith, LLP
Duration: 120 MinutesFormat: Adobe Link with Power Point The NAIC is an integral part of the captive insurance world and understanding how and why it works is critical to a well-regulated industry. This webinar strives to "lift the veil" of the inner workings of the NAIC so that participants can better understand the impact of the organization, as well as what alternatives might look like. The panel represents knowledgeable captive industry experts and will share first-hand experiences and will discuss: * Organization & Governance * Resources NAIC provides for regulators, the industry and consumers * NAIC Accreditation Program * NAIC and the world and for captives * NAIC and the future of State-based insurance regulation. Moderator:Richard Smith, President, Vermont Captive Insurance Association Panelists:David Provost, Deputy Commissioner Captive Insurance Division, Department of Financial Regulation, State of VermontRobert (Skip) Myers, Jr., Partner, Morris Manning & Martin, LLPJeffrey P. Johnson, Director, Primmer Piper Eggleston & Cramer PC
Duration: 120 minutesFormat: Adobe Link with Power Point This webinar provides a first-hand glimpse into Coca-Cola’s story of captive use for pensions from those who were and continue to be directly involved. Specifically, the webinar covers: · Why The Coca-Cola Company embarked on the Captive Annuity Program (CAP) for global pension risk management. · How CAP was achieved, including an understanding of the Coca-Cola Finance and HR partnership. · The challenges that were encountered and met. · How Coca-Cola and participants won. · The lessons learned and applied for subsequent pension annuitized to the captive. Moderator:Richard Smith, President, Vermont Captive Insurance Association Panelists:Mitchell J. Cole, Director, Towers WatsonStacy Apter, Director Global Benefits Financing and Asset Management, The Coca-Cola CompanyLorraine Stack, Senior Vice President Captive Solutions, Marsh Management Services (Dublin) Limited
Duration: 90 MinutesFormat: Audio with Power Point Curious to know how to craft a perfect policy? Our experts will guide you through the nuances of captive and reinsurance policies. You will learn proper terminology, best practices in drafting polices, various forms, and the roles that reinsurance brokers and attorneys fill. Come away from this session with helpful tools to put right into use in your business. Panelists:Derek M. Martisus, Marsh & McLennan Agency (Moderator)Kathleen Carroll, Esq., Guy Carpenter & CompanyBrian Johnson, ACAS, MAAA, Nonprofits Insurance Alliance GroupDerek Martisus, ACAS, ASA, MAAA, Marsh Captive Solutions
Duration: 120 MinutesFormat: Adobe Link with Power Point VCIA presents an informative and timely webinar providing an update of Risk Focused Surveillance and Examination processes. The session is presented by leaders of Vermont’s captive regulatory team with industry accounts from individuals that have been through the process. This webinar provides details of the Risk Focused Surveillance and Examination processes, and how these processes impact RRGs and captives from Vermont. Moderator:Kathryn Boucher, Director of Captive Management, American Excess Insurance Exchange, RRG Panelists:Christine Brown, Assistant Insurance Examiner, Department of Financial Regulation, State of VermontScott Stone, Vice President, USA Risk Group of VT, Inc.Dan Petterson, Director of Captive Examinations, Department of Financial Regulation, State of Vermont
This webinar will help you get informed on the impact of the upcoming TRIA Data Collection requirement set by the U.S. Department of Treasury (as established under the Terrorism Risk Insurance Program Reauthorization Act of 2015 - TRIPRA 2015). VCIA’s panel of captive specialists inform you on how this new regulatory requirement will affect captive insurance companies and the important latest developments in this area. Our experts will provide details on the Department of Treasury’s current focus regarding captives, as well as topics that have come to light that are likely to impact captives. Take advantage of this great opportunity to learn about what’s developing with the TRIA Data Call and the results of the TRIA working group. Not only will you be equipped for the upcoming filing requirement, but you’ll be positioned to make informed decisions for your captive going forward.