Legislative Day

c6894abf-a002-4f0f-9bbe-24e4de3b8a922023 VCIA Annual Conference98fa7cf0-26ce-4b43-8427-297156eb29c8<div><span style="font-size: 10pt;"></span></div><div id="pastingspan1"><div id="pastingspan1">Enjoy top-quality captive education, access to industry leaders & networking opportunities with hundreds of professionals. Meals included in registration fee. For Full Conference Pass registrants, please only register for one session per time slot.</div><div><a href="https://www.youtube.com/watch?v=RDBZDnHomjY" href_cetemp="https://www.youtube.com/watch?v=RDBZDnHomjY" title="Click Here to View the 2023 VCIA Conference Video">Click Here to View the 2023 VCIA Conference Video</a> </div><div id="pastingspan1">Questions? Want to register a group of individuals? Email Ella at <a href="mailto:estevens@vcia.com" href_cetemp="mailto:estevens@vcia.com" target="_blank">estevens@vcia.com</a>. </div><br></div>2023-08-07T00:00:00-04:00fc2e0af9-8b7a-4974-96fc-03c9e3bd570000. VCIA 2023 Event Attendance Acknowledgement of Risk2023-08-07T00:00:00-04:00b2353aed-fa6f-4c00-b54a-031348d720f601. Captive Immersion2023-08-07T00:00:00-04:001:00pm14b330b2-7585-4f8f-b76f-b5ca5c02a981Stacey Alden, CFE, CPA, PIRspeakerAs Chief Analyst, Stacey Alden is charged with co-managing the Captive Division's examination/analysis team and overseeing Vermont licensed captives, including risk retention groups. Stacey is responsible for oversight of the analysis function including maintaining risk focused analysis processes, training and ensuring accreditation standards are met. Stacey has accumulated twenty-two years of captive insurance industry experience as a regulator, captive manager and auditor. She is a member of the American Institute of Certified Public Accountants, Vermont Society of Certified Public Accountants and Society of Financial Examiners (SOFE). Stacey is on SOFE’s Board of Governors, Examination’s Committee and Nomination’s Committee. Additionally, she serves as Vermont’s SOFE State Chair.e8a9e74f-dfe9-4f26-9c71-293edfa3e727Amy Angell, FCAS, MAAAspeakerAmy is a Principal and Consulting Actuary with Milliman, Inc. She provides strategic consulting with respect to the formation, ongoing operation and valuation of alternative risk financing vehicles, including self-insurers, captive insurance companies, risk pools and risk retention groups. Her areas of expertise include casualty insurance pricing and loss reserving, financial modeling and capital evaluation, and management reporting and benchmarking. Areas of insurance covered include workers’ compensation, general liability, products liability, auto liability, employment practices liability, asbestos liability and professional liability. Amy also reviews captive and risk retention group applications for the Vermont Department of Financial Regulation. She is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. She is also a Member of the Casualty Practice Council and the Council on Professionalism of the American Academy of Actuaries.e276a2f3-fc23-4877-be4b-47cc915af8e3David J. Angus, IIspeakerDave Angus is a member of the captive insurance team at Paul Frank + Collins P.C., a law firm in Burlington, Vermont. He has advised captive insurance companies and risk retention groups for the past 17 years, gaining a deep understanding of the many legal and regulatory facets facing these companies. He is active in the captive insurance industry serving on the legislative committee of VCIA since 2007. Dave has twice chaired this committee. Prior to joining PF+C, Dave pursued a career as a transactional attorney in firms in Boston and Vermont. For the last decade, Dave owned and operated a firm he founded in Vermont. Dave holds a B.S. from Boston College, a J.D. from Tulane Law School, and an LL.M. in taxation from Boston University School of Law. Dave is admitted to practice law in Vermont and Massachusetts.f642f94e-4ac6-41de-8662-649b7840a1e8Daniel DuncanspeakerDan began his career in the insurance premium finance industry in 1994 by forming the first premium finance company that catered specifically to the local San Diego independent insurance agency market. He manages TPA services for several national premium finance programs on behalf of bank-owned premium finance companies and facilitates numerous group and pure captive transactions. He’s also an expert in licensing and has a thorough understanding of regulatory compliance requirements in all 50 states.6761464d-9420-44dc-9c7f-86e724b05c0eDaniel GiuntaspeakerDaniel, a graduate of DeSales University, began his career working at AM Best in 2005. Initially, Daniel serviced the insurance industry within the information services sector, then in 2020 transitioned into business development under the Rating Services division. Daniel works with various insurance companies, with a primary focus on captive insurance companies. Daniel is responsible for analyzing a companies’ portfolio to guide the company in the initial process of obtaining a rating from AM Best.1af348ea-a2b2-440f-8aa0-980188fca839John JamesspeakerJohn is Performa’s Head of Business Development responsible for leading the firm’s new business development and marketing effort by cultivating relationships with captive managers, captive insurance companies and industry service providers. He has been a conference task force member for various captive insurance associations over the years and is a part of CICA’s Membership Committee. Prior to joining Performa in 2014, he was a Treasury Analyst at UVM Medical Center. He has extensive investment management experience as a fixed income product manager, including 10 years with Standish Mellon Asset Management in Boston followed by similar roles at Dwight Asset Management and Sentinel Investments. John graduated from Lafayette College with a double major in International Affairs & Spanish and earned an M.S. in Investment Management from Boston University’s School of Management.e14d5aa4-0475-4b02-b945-0b93047495aeChristina KindstedtspeakerChristina Kindstedt entered the insurance industry in 2003. She has extensive experience forming and managing captives, cells, Risk Retention Groups (“RRGs”), and Risk Purchasing Groups in various industries. Her clientele ranges from Fortune 500 to non-profits, and are located in and outside the US. For companies that consider captives, Christina conducts feasibility studies and formation services. For companies with existing captives, Christina provides strategic review, expanded use analysis and improvement plans. She has developed and implemented detailed underwriting, financial control and claims administrative procedures for her clients. She is a frequent speaker at industry events and has published several white papers on insurance. She serves on the Board of Directors for the National Risk Retention Association and a number of captive insurance companies. Before founding Advantage Insurance’s office in Vermont in 2017, Christina spent 14 years with the world’s 3rd largest brokerage firm where she built and led its RRG practice and service team.f274af8a-020d-45b8-9823-287fd163fe70Matt KunishspeakerMatt Kunish is the Chief Business Development Officer at RiverStone, a group of insurance, reinsurance and service companies specializing in the acquisition and management of legacy business and captive insurance liabilities. With over 30 years of insurance industry experience, Matt leads the Business Development unit of the Acquisitions, Actuarial, Data Science and Analytics groups. Prior to RiverStone, he worked at Crum & Forster for 10 years, the last six years as Chief Actuary. Before that Matt was a consulting actuary for Milliman Inc. for 5 years in New York, working on a variety of consulting assignments in the US and Europe. He began his career as a consulting actuary for Deloitte (formerly Bacon & Woodrow) in London. Matt earned a b.s. with honors in mathematics and economics from the University of Bristol.479a6ad7-b1c4-4067-90b5-17bd103fbd90Daniel Linton, FCAS, MAAAspeakerDanny Linton is a senior consulting actuary with Pinnacle Actuarial Resources working remotely from Nashville, TN. He has been in the property/casualty industry since 2005 and his work has been focused on loss reserving, loss forecasting, captive feasibility studies, capital modeling and cost allocation mechanisms. Specifically, his expertise involves analyses of self-insureds, public entity risk pools and captive insurance companies. He currently serves on the American Academy of Actuaries Workers Compensation Committee and the Actuarial Standards Board Casualty Committee of the Casualty Actuarial Society.72cd22b6-367f-4432-8397-c2adc897cf39Cameron MacArthurspeakerCameron is the CEO of AI Insurance, which makes a modern cloud-based software platform specifically for running captives and Risk Retention Groups. Cameron is a Northwestern graduate, and has been awarded for his research in human-computer interaction. With a background as a cognitive software engineer at IBM, Cameron is focused on bringing a data-centered approach to the insurance space so that companies can unlock the potential of AI.a54267a8-345b-45ec-a0a8-62177dec77f0Elyssa Nagle, ACI, CPAspeakerElyssa Nagle, CPA, ACI is a Principal in the Burlington, Vermont office of Johnson Lambert LLP. Her responsibilities consist primarily of providing audit services to various insurance entities. Since joining the firm in 2014, Elyssa has worked with a wide variety of commercial insurance companies, captive insurance companies, risk retention groups and other alternative risk companies. Elyssa is also actively involved in the Vermont Captive Insurance Emerging Leaders (VCIEL) group.2e0a6a04-c1f4-4da9-b7c4-d25f21d4e3ebJeffrey A. PackardspeakerJeff Packard has over 40 years of expertise in the insurance industry, with an emphasis in the marketing and sales of alternative risk transfer products coupled with an expertise in the underwriting arena. He is an Assistant Vice President for the Captive Division of The PMA Insurance Group, a multi-lines property and casualty carrier with a specialty in workers’ compensation. Since 1990, Jeff has worked in the alternative market area, including serving as Senior Regional Vice President for Mutual Risk Management, a Bermuda-based company that specialized in providing for Fortune 500 companies, captives and rent-a-captive solutions for their insurance needs. He continues to teach underwriting and financial classes for insurance professionals, and lectures at The Fox Business School of Temple University, in Philadelphia.936f4e7c-0eb0-428d-a42f-7712cc9125a5Kevin SeaburyspeakerKevin joined Opus Investment Management in 2017 and leads the sales and marketing efforts as the Director of Business Development. He has over fifteen years of industry experience, thirteen of those years have been within business development. Prior to joining Opus, Kevin was with Symmetry Partners as an Advisor Services Consultant and worked in Business Development roles with F-Squared, MetLife & Travelers Life & Annuity.5c292d39-d84f-47f1-9ec1-e2bb0baf71a6Jason William Tyng, ARMspeakerJason Tyng is the Vice President and Captive Lead of the US Captive Solutions Group for HDI Global Insurance. Prior to Joining HDI, Jason spent 7 years in the risk management space, handling placement of both international and domestic programs for large multinational companies. In the 10 previous years, Jason held various commercial underwriting positions including underwriting alternative risk financing and single parent and group captive business. Jason is a graduate of the University of Maryland with a b.s. in Political Science.55e80f7a-c9a6-4d38-abf4-ab187e90f23802. Newcomers Orientation2023-08-08T00:00:00-04:008:00ambac97b31-e214-4c32-ad97-2d58244a0b5aTracy Hassett, SPHRspeakerAs President and CEO of edHEALTH, LLC and its stop-loss captive Educators Health Insurance Exchange, Tracy is also the current Board Chair on the Vermont Captive Insurance Association Board of Directors. Recognizing the financial challenges of schools nationwide, Tracy played a leading role in launching edHEALTH, a consortium of educational institutions coming together to save money on insurance costs and improve the healthcare experience for faculty and staff. Now in its tenth year, edHEALTH continues to grow in member schools under Tracy’s strategy, vision and leadership. Tracy brings a unique strategic perspective to human resources and finance at educational institutions. She’s a self-describing recovering Human Resources Officer, serving 17 years as Vice President of Human Resources at Worcester Polytechnic Institute and past president of Southern New England CUPA (2012-2013). She is an alumna of Roger Williams University and lives in Bristol, RI, with her husband and their two labs.eea547fa-d979-4540-ac44-9269dc97bee7Aaron Hillebrandt, MAAA, FCAS, AINS, CPCU, FLMI, CLF, FFSI, LPCSspeakerAaron brings considerable experience in assignments involving loss reserving and statements of actuarial opinion, funding studies, loss cost projections, captive feasibility studies, and personal and commercial lines ratemaking. Aaron also previously lectured in mathematics at Illinois State University, and is an honorably discharged sergeant and combat veteran of the United States Marine Corps.0d0a2f4b-d2cb-4243-9482-6a08f4d50ac8Kevin MeadspeakerKevin Mead is the President of the VCIA, the largest captive insurance trade association in the world. VCIA leads the industry in educational and networking opportunities, as well as legislative advocacy on the state and federal levels. Kevin became President of the VCIA in early 2022 and has a wealth of association management and financial experience that demonstrates his leadership ability. Prior to VCIA, he engineered a merger of three global independent accounting associations and forming PrimeGlobal, which represented 2,000 partners and 14,000 employees in 90+ countries. Holding two master’s degrees related to association management and finance, Kevin plans to build out the captive industry’s flagship conference, increase VCIA membership and membership value, and evolve the organization amid the current pandemic and economic challenges.cfd6f500-29b5-47d7-9297-31b52e52fdf3Jason Palmer, CPAspeakerWith over 25 years at the firm, Jason’s primary responsibilities include service in all facets of captive consulting and captive management engagements ranging from risk retention groups, group captives and pure captive programs. Throughout his career, Jason has handled a significant portfolio of captive insurance companies (pure and group) with services involving accounting, underwriting and regulatory compliance. He has helped implement many new captive programs in several US captive domiciles. Jason also serves as a member of the Board of Directors and as an Officer of many captive insurance companies. In his current role, Jason is responsible for the US captive management t team, serves as project lead on several captive consulting engagements and is the lead client executive on a portfolio of captive insurance companies (pure and group). Jason joined Willis Corroon Management (Vermont), Ltd. after graduating summa cum laude from Champlain College in Burlington, Vermont, with a B.S. in accounting. Jason is a Certified Public Accountant licensed in the State of Vermont and is a member, in good standing, with the American Institute of Certified Public Accountants. Jason is also a licensed property & casualty insurance producer in several US states. He is an active Board of Director member for the Vermont Captive Insurance Association (VCIA) and International Center for Captive Insurance Education (ICCIE).1a965b90-0bef-458b-9f40-b855928b568903. Captive Owners' Tour - Lake Champlain Chocolates2023-08-08T00:00:00-04:009:00am17a31d58-a4ce-46e6-98f9-f576341b06b804. Captives 101 - What's Involved in Forming and Owning a Captive2023-08-08T00:00:00-04:0010:00 amae603ba8-cf10-4120-9459-f0617fd39ecdJay E. CurtisspeakerJay is a member of the local Aon leadership team and the relationship manager for a number of captive clients domiciled throughout the U.S. He is responsible for overseeing the delivery of financial, regulatory compliance and advisory services to his portfolio of clients. Jay entered the captive insurance industry in 1994. Throughout his 30-year career in the captive industry, he has played an integral role in all aspects of the formation, development, management and on-going advisory of a wide variety of captive insurance companies including: single parent captives, group captives, risk retention groups and protected cell companies. Jay has experience in a variety of industries including but not limited to: healthcare, manufacturing, higher education institutions, construction, real estate, financial services, transportation and pharmaceuticals. Jay graduated from Champlain College with a B.S. in Accounting.65315ac2-88e9-48a0-bb39-879d51133452Heidi Dupont Rabtoy, CFE, CPA, SPIRspeakerHeidi Rabtoy is the Chief Examiner with the Vermont Department of Financial Regulation – Captive Division, where she supervises the Captive Division's examination staff and oversees the operations of Vermont domiciled captive insurance companies. Heidi has been with the Captive Division for seventeen years and has been involved in all aspects of the analysis and examination processes. Prior to joining the Captive Division, Heidi was in captive management for three years. She received a B.S. in accounting from The University of Vermont and has attained the Certified Public Accountant, Certified Financial Examiner and Senior Professional in Insurance Regulation designations.5a8c4625-f000-41f3-a430-50f4e1635391Staci Smith, ARM, CPCUspeakerAs the Risk Manager of The Hershey Company, Staci Smith establishes and executes the global strategic Risk Management vision and seeks ways to optimize risk in the organization as a competitive business advantage. In addition to procuring traditional insurance, Staci also oversees strategic captive utilization.267779f0-4431-4821-9932-f0cea1ccd7fc05. Discussion Group: What is ESG for you and your Captive?2023-08-08T00:00:00-04:0010:15 am0a1ea969-bf2d-4504-88b3-d3626c51212eAndrew R. Baillie, FIRM, AMCT, FCIIspeakerAndrew Baillie is the Program Director of Global Insurance for the AES Corporation, a global power producer and distributor headquartered in Arlington, Va., with operations in 15 countries around the world. Andrew supports risk management oversight and the procurement of insurance for the AES Corporation for development and operational assets globally as well as managing the company’s large, Vermont-based Captive Insurance Company. Andrew has worked for AES since 2006, during which time the company’s risk management and insurance programs have developed to become world leaders among energy industry peers. In addition to almost 20 years of experience in global insurance program management, Andrew has been a regular presenter at conferences and events, and is a VCIA Board member.20c87a49-6190-46d4-a066-bde026496559Randal WatersspeakerRandal Waters joined Marsh in 2021. He leads the delivery of US Advisory’s climate and ESG offerings and works closely with the global Marsh ESG network as well as with colleagues from sister companies Mercer and Oliver Wyman. He provides advisory services to clients across industries including consumer products, healthcare, retail, food & beverage, and manufacturing. His expertise helps clients build resilience by improving decision-making around complex and interconnected risks to include those in the supply chain. Prior to Marsh, Randal worked in Strategy & Operations at Deloitte Consulting, primarily in supply chain strategy. He worked with clients spanning industrial manufacturing, aerospace and defense, transportation, life sciences, consumer products, and retail. This broad base of functional and sector experience provides a foundation from which to understand complex business needs. Randal specialized in helping clients assess their operations, define their strategy for improvement or transformation, and develop the ecosystem of partners to implement the strategy. He was instrumental in building the Digital Supply Networks practice and helping clients navigate digital transformation. He worked with global member firms in Asia, Europe, and Latin America and often co-delivered work with other practices including Human Capital and Technology. Prior to Deloitte, Randal was an Army officer with operational experience in Afghanistan, Iraq, and South Korea. He also served as an instructor at the Army's premier leadership school, managing a high-risk training environment. Randal holds a b.s. from the United States Military Academy at West Point and an MBA from the University of North Carolina Kenan-Flagler Business School.f148f84c-8c68-432a-ba6e-d5c587835c7906. Tips for Communicating the Value of Your Captive2023-08-08T00:00:00-04:0010:30 am1c448211-8396-4b6e-a57c-42b99a9db8c1Allan R. Autry, CPAspeakerAllan Autry, CPA, is a Tax Partner with Johnson Lambert LLP, a multi-office, niche-focused firm that provides audit, tax and consulting services to insurance entities as well as nonprofit organizations and employee benefit plans. Allan has over 14 years of experience serving the insurance industry and is known for his excellent client service. He has assisted clients with a myriad of tax issues over the years, including special calculations, tax planning, corporate reorganizations and mergers and acquisitions. Allan received his B.S. in Business Administration, magna cum laude, from Catawba College and M.A., magna cum laude, from North Carolina State University.4d0d0742-9511-47fd-8c12-c8327de4b90fKarin J. Landry, ACI, CEBS, CLTCspeakerWith over 25 years of industry experience, Karin is an internationally recognized thought leader in insurance, risk and employee benefits. Karin’s expertise includes captive entities, designing new health/life products, and evaluating benefits strategies and funding. She holds eight patents in insurance, sits on the Fallon Health Advisory Board and teaches a course at the International Center for Captive Insurance Education. Karin has won numerous awards and is a licensed insurance advisor for life, health and property and casualty.77cc6ede-06e5-4688-b81c-1922fd38357aMike Lubben, AIC, CPCU, CRMspeakerMike Lubben is the Director, Global Risk Management for the Henry Crown Company - a large multi-national conglomerate of real estate and manufacturing. He leads a staff responsible for Enterprise Risk Management, Safety, business continuity, claims and insurance purchasing for this diverse company with over 16,000 employees. For 30 years Mike has led Risk Management Departments for Fortune 1000 or large privately held firms. Mike is also the President of Pinnacle Mutual Insurance Company and Pinnacle Commercial Insurance Company, Vermont-domiciled insurance captives. Mike is a regular “visiting professor” for the Risk Manager in Residence program at RIMS, and he has an MBA from St. Ambrose University with an economics degree from The University of Iowa. He holds industry designations of Chartered Property Casualty Underwriter (CPCU), Certified Risk Manager (CRM) and Associate in Claims (AIC).d1c16bf1-8e79-475d-976e-c006feaa2e2c07. Captive Owners' Lunch & Discussion2023-08-08T00:00:00-04:0011:45 am687a3bd7-32f7-4d24-a144-77c41b447a3808. The Roles, Duties, and Obligations of a Captive Board Member2023-08-08T00:00:00-04:001:15 pm279f5f9c-2ee3-461c-a896-9db59873de4dJoe CarterspeakerJoe Carter sets the strategy for UE’s growth, which includes planning the sales, marketing, and distribution strategies that ensure success. He is also responsible for teams that manage UE’s brand and constituent experience strategy, the Voice of Constituent (VOC) program, digital experience, member support, marketing, and communications. Prior to joining UE, he served in executive and leadership roles at Bank of America, Prudential Property and Casualty, and Allstate Corporation. He currently serves as a board member for the National Business Officers Association headquartered in Washington, D.C., and is an active member of several other education-focused associations.b25f15b0-3da1-46a0-a578-2195ce820034Rebecca J. James, CPAspeakerRebecca (Becky) James is a Partner in the Burlington, Vermont office of Johnson Lambert LLP. She is responsible for providing audit, tax, consulting, engagement management and other related services to numerous insurance entities, including commercial insurance and reinsurance companies, risk retention groups, captives and various other alternative risk structures. She joined Johnson Lambert LLP in 2006 upon graduating from Saint Michael’s College in Colchester, Vermont. Becky is a member of the AICPA, the Institute of Internal Auditors and the Vermont Society of CPAs. Becky is also a current member of the Vermont Board of Accountancy and serves as the treasurer of the Texas Captive Insurance Association.1123ea6e-427e-4287-b852-1a9f6d9ec51bPeter J. McDougall, AttorneyspeakerPeter McDougall is a shareholder, director and president at Paul Frank + Collins P.C. where he is a member of the firm’s captive and commercial law teams. His practice focuses on advising captive and traditional insurance clients regarding formation, regulatory compliance, entity structure, corporate governance and contract drafting and negotiations. Pete has an L.LM. degree from the Morin Center for Banking and Financial Services Law at Boston University School of Law; a J.D. degree, cum laude, from Vermont Law School; and a B.S. from the University of Vermont. While in law school Pete served as a law clerk to the Vermont Department of Banking, Insurance, Securities and Health Care Administration (now known as the Vermont Department of Financial Regulation) and as a law clerk to Senator Patrick Leahy and the United States Senate Judiciary Committee.5b17693d-8862-4bd2-8e58-4ab71380250609. Where Will Captives Go Next? The Latest Uses for Captives2023-08-08T00:00:00-04:001:15 pmaae57764-d09f-4b75-9a15-d426e82ea328Edward S. KoralspeakerEd Koral is a Director with WTW’s Strategic Risk Consulting group. With over 35 years of experience with captives and other alternative risk funding programs, Ed assists clients in developing bespoke insurance and non-insurance solutions for their unique risk profiles. Ed joined WTW in 2021 after spending many years with Deloitte Consulting and BDO, as well as a large international brokerage firm. He also served briefly as risk manager for a large consumer financial products company, where he managed the operations of two captives. Ed has served VCIA in multiple capacities: as a Board member for six years and as a conference committee member. Currently, Ed serves on the faculty of the International Center for Captive Insurance Education (ICCIE).20b82b24-cd5f-4188-9ec4-679181541df4Philip VorreiterspeakerPhilip N. Vorreiter joined MCIC Vermont in January 2009 and currently serves as Vice President of Finance. In his capacity Mr. Vorreiter is responsible for the strategy and execution of all financial affairs of the Company including but not limited to accounting, taxes, premium, investments, and financial reporting. Throughout his tenure at MCIC Vermont, Mr. Vorreiter has participated in and overseen the growth of the Finance and Accounting functions as the Company insourced its accounting and GAAP financial reporting processes, re-domiciled and merged its foreign captive into one entity and established a MAR compliant internal controls environment along with numerous other achievements. Prior to joining MCIC Vermont, Mr. Vorreiter was an Assistant Controller at a Managing General Agent which focused on brokering non-standard lines of insurance. Mr. Vorreiter considers his greatest achievement to date his 18-year (and going) marriage to his wife Sarah and the on-going rearing of their 3 children. Mr. Vorreiter received his bachelor's degree (BS) in Finance and Marketing from Berry College and a Masters in Business Administration (MBA) from Kennesaw State University. Mr. Vorreiter is a Certified Public Accountant (CPA), Certified Management Accountant (CMA), Certified Global Management Accountant (CGMA) and Associate in Insurance Accounting and Finance (AIAF).14048cd9-9a2c-455b-add7-1af776eac335Joseph ZiolkowskispeakerJoseph Ziolkowski is the CEO and Co-Founder of Relm Insurance, Ltd., a leading global insurer for companies operating in emerging business sectors, including digital assets, web3, cannabis and alternative therapeutics, among others. With over a decade of experience as a risk management professional and insurance entrepreneur, Joseph has successfully launched two insurance company startups and executed alternative risk financing and transfer solutions.e81031cf-f59e-42e7-b34a-585944727eda10. Discussion Group: Building Talent in the Captive Industry2023-08-08T00:00:00-04:001:30 pm818cdbda-3016-4a77-9327-f6727e60da04Tina BukowspeakerTina Bukow is a Managing Director of Business Development for the insurance ratings initiative at Kroll Bond Rating Agency, Inc. In this role, Tina is responsible for developing new business as well as industry and ratings relationships in all subsectors of the insurance space. Tina has more than 30 years of experience in business development, marketing and client relationship management, with a major career focus in the financial services industry, predominately insurance. Prior to joining KBRA, Tina spent more than a decade at A.M. Best, where she was head of Business Development for insurance ratings, responsible for ratings growth in the U.S., Canada, Caribbean, and parts of Latin America. Tina holds a B.S. in Marketing and Management from Saint Peter’s University and is a frequent attendee and presenter at industry events, as well as an active participant on industry association committees.dd4293d7-89b0-46f8-9e4c-cebd0b8c24a8Brittany NevinsspeakerAs Captive Insurance Economic Development Director, Brittany is responsible for the marketing and business development of Vermont’s captive insurance industry, working closely with the Department of Financial Regulation and Vermont Captive Insurance Association to strengthen the state’s reputation as the premier onshore captive insurance domicile. Within state government, Brittany advises Vermont’s Governor and Secretary of Commerce on new captive insurance legislation and policy recommendations to assure a beneficial business environment for expansion and relocation within the state. She also works closely with Vermont’s congressional delegation, monitoring policy pertaining to the regulation of captive insurance and related financial services industries. Brittany worked in the fields of community and economic development in the nonprofit and governmental sectors serving technology, solar, health care and child care sectors. Brittany understands regulatory systems and processes through her time with the State of Texas as a Policy Specialist for Long Term Care Regulatory Services. Most recently, Brittany worked in Austin, Texas managing Travis County’s Economic Incentive Program, where the County entered into a variety of economic incentive agreements to support businesses and further the County’s comprehensive economic development goals. Brittany received an M.A. in sustainable development with a concentration in policy advocacy & analysis from SIT Graduate Institute and a B.A. in political science from the University of Vermont.55be828d-e7f1-4369-98f4-d6c539c5b08c11. Special Event with Keynote & Awards2023-08-08T00:00:00-04:003:00 pm21cf1cf0-56e4-4de1-b600-a823af9c67b5Juliette KayyemspeakerIn academia, private sector, government and media, Professor Juliette Kayyem is an international leader in crisis management and homeland security. Professor Kayyem serves as the faculty chair of the Homeland Security and Security and Global Health Projects at Harvard's Kennedy School of Government. Previously, she served as President Obama's Assistant Secretary at the Department of Homeland Security and as MA Governor Deval Patrick's Homeland Security Advisor. She is also the CEO of Grip Mobility, a technology security company in the mobility space. A CNN national security analyst, Pulitzer Prize finalist, and contributing writer for The Atlantic and Boston's local NPR station, GBH, Kayyem also consults governors, mayors, and corporations on crisis management. Juliette is the author or editor of six books, including her most recent "The Devil Never Sleeps: Learning to Live in an Age of Disasters.” Juliette lives in Cambridge, MA, with her husband, Judge David Barron, and three children.696a67fb-6503-48a0-9bdf-e95207f9f70612. Securing Your Captive's Future: The Power of Reinsurance2023-08-09T00:00:00-04:008:45 ama55e5f55-d954-449d-b2ad-a0ae40637bc0Steven R. BaumanspeakerSteven Bauman works for AXA XL serving as Director of Global and Captive Programs in The Americas. His responsibilities are to assist customers, brokers and internal stakeholders in the formation of risk management solution oriented Global & Captive Programs. Mr. Bauman has more than 35 years of experience in corporate insurance and captive services. He previously worked as Head of Captive Programs for Zurich Insurance Group, as SVP for AON's Captive Services Group, for XL Insurance Company (formally XL Winterthur International) and at Marsh in the Global Services Group division. Steven began at American Risk Management (ARM), part of The Reiss Organization, where Mr. Fred Reiss and company were widely credited with popularizing the captive insurance company concept.de2ba357-0c6f-415a-b24a-b0150a6d052cChristopher E Ervey, ARespeaker25278c0e-672e-44ef-8e89-a93333a6b955R. Ryan Gadapee, Esq.speakerRyan Gadapee's practice focuses primarily on the representation of domestic and international insurers and reinsurers including captives, reciprocals and risk retention groups. Ryan's practice deals with representing clients in regulatory, legislative, transactional and general corporate matters. His diverse experience has led him to unique roles like being the general counsel of a Florida based property insurer during its initial growth and expansion phases, and overseeing a national carrier in its litigated claims arising out of the historic 2004-2005 Florida hurricane seasons. He has experience in creating and maintaining policy forms and underwriting manuals; claims handling and defense; and ongoing corporate and regulatory compliance. Ryan is a frequent speaker at industry events, with significant experience regarding legislative matters as well. He has a recognized ability to foster relationships with key legislators, regulators, and stakeholders from all sides of the political spectrum.3946aa64-8efd-409b-a790-17d73a773a7fJeremy JohnsonspeakerJeremy "JJ" Johnson serves as the Vice President of Global Risk for Revantage, a shared services company that supports Blackstone Real Estate's operations. In his role, JJ is responsible for leading the Vermont domiciled global captive, Gryphon, and sourcing alternative risk transfer solutions that minimize total cost of risk while ensuring lending compliant coverage for the portfolio's many risk exposures. With over a decade of experience, JJ joined Revantage in August of 2022. Prior to joining Revantage, he served as Risk Manager for Amazon, where he played a pivotal role in structuring Amazon Logistics' Last Mile Insurance and Risk Management program. In this position, JJ oversaw multiple functions, including claims, contractor relations, and captive insurance. JJ holds the designations of CPCU, CRM, and ARM. He also serves on the Board of Directors for Franciscan Outreach, the largest emergency homeless shelter provider in the Chicago-land area, where he leads their Risk and Finance Sub-Committee. He graduated from Illinois State University in 2009 with a B.S. in public relations.ed9f11be-c3bd-4dbe-9753-062fe845c03613. Leveraging New Tech and Data Visualization Tools for Captives2023-08-09T00:00:00-04:008:45 am8dfa4b79-b48f-4f2a-905f-7d5cdf44809dAaron Hillebrandt, MAAA, FCAS, AINS, CPCU, FLMI, CLF, FFSI, LPCSspeakerAaron Hillebrandt is a Principal and Consulting Actuary with Pinnacle Actuarial Resources in the firm’s Bloomington, Illinois, office. He brings considerable experience in assignments involving loss reserving and statements of actuarial opinion, funding studies, loss cost projections, captive feasibility studies and personal and commercial lines ratemaking. He holds a bachelor’s degree in mathematics from Illinois State University, where he previously lectured. He is an honorably discharged sergeant and combat veteran of the United States Marine Corps. Aaron has served as a vice-chair on the Casualty Actuarial Society’s (CAS) Annual and Spring Meeting Planning Committee, a faculty member of the American Academy of Actuaries (AAA) Seminar on Effective P/C Loss Reserve Opinions, and is the chair of the 2023 VCIA conference task force.d3b94c4d-64cf-4ba1-82f4-4cbde07813b7Cameron MacArthurspeakerCameron is the CEO of AI Insurance, which makes a modern cloud-based software platform specifically for running captives and Risk Retention Groups. Cameron is a Northwestern graduate and has been awarded for his research in human-computer interaction. With a background as a cognitive software engineer at IBM, Cameron is focused on bringing a data-centered approach to the insurance space so that companies can unlock the potential of AI.91233ce6-989e-4cf2-9cb6-7b759fdf6c4e14. Igniting Board Engagement - Innovative Ways to Fire-Up Your Board2023-08-09T00:00:00-04:0010:00 am6fb78b83-274c-4686-954e-462999bbdb1cJulie Bordo, JDspeakerJulie is the CEO and President of PCH, providing liability insurance to over 2,800 long term care facilities in 47 states. A former litigator and current business consultant, Julie uses a 360 perspective to address the unique demands of running a risk retention group. Julie also chaired the National Risk Retention Association Conference in 2018 and 2019. She values innovation, advocates in Washington on behalf of the captive industry and speaks passionately on a range of important topics to the industry. She was named to Captive Review’s 2020 and 2021 Power 50.8a60d884-b4a2-47a4-ab93-ed0d26ceebb7Dave DietzspeakerA seasoned commercial insurance professional with over 30 years of experience, Dave joined EIIA as its new president and CEO in June, 2022. With a background in underwriting, sales and operations, Dave most recently served as Senior Vice President at religious organization and nonprofit specialist GuideOne Insurance Company. Previously, he worked in a variety of leadership roles with State Auto, RTW and the Benfield Group.fe4e4aa1-37d8-489e-b3d8-985d1dd81534Bruce Whitmore, ACIspeakerBruce Whitmore serves as a Senior Consultant and Senior Vice President in WTW’s Global Captive and Health Care Practices and developed a wide range of captive and commercial insurance solutions for hospitals, physicians, healthcare facilities and miscellaneous healthcare professionals. Bruce has also created numerous offshore and onshore single-parent and group captives. Bruce has been responsible for managing captive service provider relationships including fronting, reinsurance, actuarial, claims management, brokerage, offshore management, banking and accounting. Bruce is a regular speaker at industry events including ASHRM, SCCIA, CICA, NRRA and the Cayman Captive Forum.292944c0-ae39-48eb-bb8d-e293eeaf9f3f15. Back to the Well - New Ways our Captive Helps our Organization2023-08-09T00:00:00-04:0010:00 amad38c6a5-27f9-40a4-a511-1c3585e4e829Jill A. Liska, Esq., P.E.speakerJill is Sr. Vice President and General Counsel of Sargent & Lundy, an engineering firm that designs power plants and power distribution systems domestically and internationally. She works with company executives and management on a wide array of legal issues including procuring insurance, managing professional liability and construction litigation, and reporting insurance claims. In addition to earning her Juris Doctorate from Mitchell Hamline College of Law in 2003, she has a B.S. in Civil Engineering from the University of Minnesota (1997) and an MBA from the University of Notre Dame (2009).d3eaa544-5e66-4066-86fe-e4e07703807eMichael C. Meehan, CRM, CICspeakerMike is a Principal with Milliman, Inc., and has over 25 years of experience working with captive insurance companies and other alternative risk financing programs. Mike is an active participant in the captive industry and is a frequent speaker and author on captives and alternative risk financing. Mike is an active member on numerous captive domicile association committees, is a board member of the NCCIA, and is also a former board member and treasurer of the VCIA. Mike is also a recipient of VCIA’s Captive Crusader Award and its Industry Service Award. Mike has been named to Captive Review’s Power 50 annually since 2016.0942ac12-e531-4fcc-ac1b-4a8d0b5a7fc0Eric MillerspeakerAs Senior Vice President and General Counsel of the UVM Health Network, Eric serves as a member of the Network’s senior leadership team while overseeing the Network’s legal, compliance, privacy and risk management functions. Eric joined the Network in May 2017 as Deputy General Counsel and Senior Advisor and began his current role in October 2018. Prior to joining the UVM Health Network, Eric served as President Barack Obama’s United States Attorney for Vermont and as a private practice lawyer representing health care providers. He holds a J.D. degree from Yale Law School.dd6a2e8c-cf1a-48ff-b4f3-2f29d42736f1Patrick G. TheriaultspeakerPatrick is responsible for Strategic Risk Solutions' United States captive management activities. In this role he oversees the operations of the SRS offices in Arizona, Hawaii, North Carolina, South Carolina, Tennessee, Texas, Vermont and Washington D.C. In addition, Patrick provides assistance to the SRS consulting group with captive implementation and feasibility projects. Patrick has over 20 years of experience in management, insurance accounting, and consulting services for single parent firms, risk retention groups, and publicly held admitted insurance carriers.3fe720ee-2f0b-4bc2-8956-9ef24e10444716. Captives: Structure versus Risk - Case Study2023-08-09T00:00:00-04:0010:00 am1f7c66f0-f764-4cf4-9e23-dcba9656bad2Heather McClure, LLM, JD, CPHRMspeakerHelio Risk's General Counsel and Chief Risk Officer Heather McClure, JD, LLM, has decades of experience managing client risk inside law firms and organizations, overseeing risk financing, risk management, insurance procurement, captive operations, and claims and litigation. Prior to joining Helio, Heather was Chief Risk Advisor for the national healthcare practice at Aon, a global risk and insurance services company. Before that, Heather was Chief Risk Officer at the University of Oklahoma’s health system, directing risk, claims, captive operations and insurance structure, including property, cyber, directors and officers, employer liability, workers compensation, provider professional liability, hospital liability, aviation, auto and all other commercial and captive lines. Heather also served as Chief Legal Officer of the system’s captive insurance company, saving the system millions over its years of highly successful operations. Heather’s career began as a trial lawyer defending organizations and medical providers in the law firm setting, trying multiple cases to juries as lead counsel. After ten successful trials, she began a career as in-house counsel to a large organization in Texas, managing people and processes related to risk, claims and litigation. Heather earned a B.A. in journalism with a political science minor and a Juris Doctorate from the University of Oklahoma and a post-doctorate Master of Laws (LL.M.) degree in Health Law from DePaul University, Chicago. She holds certifications as a Professional in Healthcare Risk Management (CPHRM) from the American Society of Healthcare Risk Management and a Mediator Certification from Southern Methodist University in Dallas. Heather is licensed as a lawyer in Oklahoma, Texas and Vermont and has insurance producer licenses in Oklahoma and Texas. Heather was chosen as the Captive Review’s U.S. Captive Risk Manager of the Year in 2020 and was voted by peers to be #27 on its Power 50 list. She is a former board member and Chair of the Vermont Captive Insurance Association and is a current board member of Captive Insurance Companies Association (CICA). Heather’s expertise includes providing risk financing and operational solutions for all industries including insurance program analyses, commercial and captive structure and operations, alternative risk transfer, creating endorsements and policy forms to address evolving risk, and claims advocacy support. She teaches classes, speaks at industry events and publishes numerous articles on risk and liability issues, and operational best practices for risk financing programs across the country and internationally. Heather is involved in community volunteer opportunities with homelessness and animal rescue. She is passionate about serving clients by assessing, advising and facilitating risk strategy, as well as facilitating broader culture change, implementation of best practices and reduction of organizational risk.5b2b84c6-a8ae-4d08-b3ad-5bb8cefc8009Mary Ellen Moriarty, ARM, CIC, CPCUspeakerMary Ellen Moriarty has been actively engaged in the insurance industry for over 30 years in positions within national insurance brokerages as well as commercial insurance carriers. She joined EIIA in 2002 as the Vice President for Property & Casualty, focusing her extensive insurance experience on the higher education industry group. EIIA maintains two captives, College Insurance Company and College Risk Retention Group. Mary Ellen received a B.S. Northern Illinois University, an MBA from DePaul University, and a Master of Pastoral Studies from Loyola University. She currently holds the Chartered Property & Casualty Underwriter (CPCU), Associate in Risk Management (ARM) and Associate in Captive Insurance (AIC) designations. Mary Ellen is actively involved in CICA, VCIA and NRRA. She is a frequent speaker at both insurance and higher education industry events.1a62f253-76fd-4c6e-9be1-bb0ec35ab4dePeter RapciewiczspeakerPeter leads Lockton’s Alternative Risk Practice and is based in New York City. His team provides strategic client consultation and support for Lockton’s client service teams. His responsibilities include identifying and qualifying ART opportunities, distribution of current product offerings (e.g., alternative collateral, structured risk, integrated risk and parametric solutions), captive consultation and new product innovation. He has 20+ years of experience in the insurance industry with more than 13 years spent at AIG and more than eight years at Lockton.b65b32a4-1103-4018-9cf4-ed797cad85f917. Newcomer's Guide to the Captive Industry2023-08-09T00:00:00-04:0010:00 am7686cdcd-5b6d-402f-8f1c-4cf9984b70abPete DysartspeakerPeter is a member of the captive insurance, corporate, and financial services practice groups at Primmer Piper Eggleston & Cramer PC in Burlington, Vermont. He assists companies in the formation and ongoing representation of captives and other risk financing vehicles and advises captives with respect to corporate and regulatory compliance matters. He also represents banks and financial institutions in corporate and regulatory matters as well as contract and governance issues. Peter has experience with mergers and acquisitions, conversions, dissolutions, and other major corporate transactions in both the insurance and banking spaces.fce8fe13-af66-4131-af30-bd14f1c6ba2cNina Hurley, CPAspeakerNina joined AIG in July 2021 and has over 10 years of captive insurance experience. Prior to joining AIG, Nina was a Senior Accountant at captive manager Beecher Carlson Insurance Services, and was previously an auditor at Johnson Lambert LLP, a CPA and consulting firm that specializes in providing tax and audit services to the insurance industry. At Johnson Lambert, Nina had experience auditing captives and commercial insurance companies. In her free time, Nina enjoys playing golf, volunteering at the Humane Society of Chittenden County and exploring Burlington with her friends and family.22e00b2a-cd99-40f6-8889-4f299fe254f0Michael Reavill, CFAspeakerMike is an Associate Portfolio Manager responsible for day-to-day operation and management of Performa’s cash management and short duration treasury strategies. He also provides quantitative and modeling analysis across investment strategies and general support to Performa’s investment management, relationship management and business development teams. Mike previously worked at Performa as an Operational Data Analyst and was responsible for building out data links and processes among various integral systems throughout the firm. He continues to lead the effort of streamlining data reporting and system processes. He joined Performa in 2016 after graduating from the University of Vermont with a B.S. in business administration and holds the chartered financial analyst (CFA®) designation from the CFA® institute.812449a1-2088-4426-a3b9-8b0891fc4f07Maigh Wright, ACAS, MAAAspeakerMaigh Wright’s aim as a consulting actuary in the Property & Casualty field is to provide valuable insight into the risk management practices of my clients. Her experience includes loss reserving, ratemaking, and data analysis for a variety of client types including multiline property and casualty insurers, captives, self-insurers, risk retention groups, reinsurance pools, and state insurance departments. She was an Associate Actuary at Milliman for ten years before assuming her current role, in 2020, as Marsh’s Vice President & Actuarial Consultant.f78419b7-9de7-407e-812a-6f01b5f753a118. The Economic Landscape and Your Captive's Investment Portfolio2023-08-09T00:00:00-04:0011:15 amb15ebfd0-0260-48a9-80e8-0c9620a395ceRichard CutcherspeakerRichard is an experienced captive insurance journalist and respected commentator, having covered the sector around the world since 2014. In 2019, Richard founded Global Captive Media Ltd and launched the Global Captive Podcast to communicate this varied industry through a new and more intimate medium. In December 2022, he launched Captive Intelligence to meet the growing demand for credible and relevant news and analysis of the global captive insurance market.a3bed356-3b32-4321-baf2-ef556f81befaKelly Mahnckespeakera29686fb-dd16-40d2-b4d9-999fea957822Scott MildrumspeakerScott is Performa’s Economic and Macro Strategist responsible for developing the firm’s views on the economy and helping to set top-down macroeconomic investment policy. He is also a member of the firm’s Investment Policy Group (IPG). Over the years, Scott has spoken at several captive insurance conferences, including VCIA (Vermont), SCCIA (South Carolina), TxCIA (Texas) and IMAC (Cayman Islands). Prior to joining Performa in 2012, he worked at Dwight Asset Management as both a Quantitative Analyst and Associate Portfolio Manager where he was responsible for managing portfolio analytic systems, modeling tactical and strategic interest rate positioning trades as well as risk management monitoring. Before Dwight, he worked at Princeton University as a Data Analyst writing statistical programs and managing databases for various university departmental research projects. Scott graduated from the University of Vermont as a double major in mathematics & economics and earned an M.S. in economics from the University of Oregon.29de9726-3837-40b2-9221-25c764fb7c9519. Discussion Group: Newcomer's Guide to the Captive Industry (part 2)2023-08-09T00:00:00-04:0011:15 amf7213581-ede4-4bd4-ac1a-258c4ed445dfClaire Richardson, ACI, CISRspeakerClaire interned with the Hylant Global Captive Solutions team before joining full-time in June 2021 as a Captive Consultant. She works on feasibility studies & presentations, creating executive summaries, forming domicile analyses, and client-specific data analysis to provide the best service and value to clients of any size and industry looking to alternative risk transfer solutions. Claire’s expertise continues to grow through her involvement in the captive industry as she is a part of the conference planning committees for the North Carolina Captive Insurance Association (NCCIA) and the Vermont Captive Insurance Association (VCIA). Claire also serves on subcommittees of Captive Insurance Companies Association’s (CICA) NEXTGen and AmplifyWomen initiatives, empowering young & diverse talent.fc76b48e-92a1-4f07-8c38-b0a51939b4c5Amber D. Walsh, CFE, CPAspeaker4a3b50d8-4ba5-42bf-854b-59385ebc4cb120. Parametric Coverage in Captives - Nuts & Bolts2023-08-09T00:00:00-04:0011:15 am8bb66bf4-831e-4801-8683-7ffe28374a36Christine BrownspeakerChristine Brown is the Director of Captive Insurance with the Vermont Department of Financial Regulation, where she directly supports the Deputy Commissioner of Captive Insurance with strategic planning, legislative initiatives and industry outreach. Christine manages Vermont’s captive regulatory operations, including licensing and monitoring of the financial condition of captive insurers domiciled in Vermont. Christine joined the Captive Division in 2003 and has been involved in all aspects of the analysis and examination processes. Prior to joining the Captive Division, Christine spent seven years in public accounting with Johnson Lambert in Burlington, VT, specializing in captive insurance, and with Ernst & Young in Boston, MA. Christine earned a M.S. in Accounting and MBA from Northeastern University, and a B.A. in Political Science from Regis College.50e5ddd0-16fa-4bdd-8e0f-037b4ffb3cc5Derrick M. Easton, MIRM, ACIspeakerDerrick Easton is Managing Director, Alternative Risk Transfer Solutions for Willis Towers Watson. He joined Willis in 2015 from Aon where he was Managing Director and Leader of their US Risk Finance, Captive Consulting and Captive Reinsurance practices. Prior to Aon, he was a Senior Vice President in the Alternative Risk Solutions team of Marsh USA where his focus was on large complex mass tort risks, multi-line/multi-year and structured programs. Derrick is a member of the global Alternative Risk Transfer Solutions practice. Based in New York, his responsibilities focus on the initiation, structuring and delivery of custom risk financing solutions for North American corporate clients. Derrick received a B.A. in Risk Management from Glasgow Caledonia University and is a Member Institute of Risk Management (MIRM) and has received the Associate Captive Insurance (ACI) designation.c8af9ed7-1edb-4ec6-a5d5-4bbcf30ffdcaFred EslamispeakerFred Eslami is an Associate Director in AM Best’s property/casualty ratings division with the alternative risk transfer group, rating domestic and off-shore captive insurance companies. In his portfolio, Fred has the largest number of single parent captive insurers. Fred is also the team leader for Title Insurance segment and leads AM Best’s cyber security initiative for property/casualty and life/health insurers. Prior to joining AM Best in 2008, Fred was a Vice President with Radian Group’s financial guaranty team and served for 15 years in various risk management and reinsurance positions. Prior to Radian, Fred was Director of Asset Management with York Hannover Developments Inc., and was responsible for U.S. operations of the international real estate group of companies. Fred is a member of Pace University Seidenberg School of Computer Science and Information Systems and past member of Rutgers Cybersecurity Advisory Board. He holds a master’s degree in international business and relations from University of Pennsylvania and an MBA in administration from Philadelphia University.4966b9e7-3fc3-40f8-b1b7-a6fd83b569baMr. Brando A. Sotospeaker3ef653e0-e015-4aab-934d-47371d928f0821. Claims Management: A Look Inward and a Look Forward2023-08-09T00:00:00-04:001:30 pmbb511d1a-2535-4378-a40b-d6990518e8b3Clare M. Bello, JDspeakerClare M. Bello, Esquire, is the Senior Vice President, CCMSI, Division Leader and Founder of VCM. For 21 years VCM has been recognized for its flexible and cutting-edge claims management and consulting concepts for the management of professional liability claims. Clare assists clients in their transition from insured to insurer and works with the captive team to measure claims performance as the captive matures. She works with clients as an advisor on topics such structure of programs, education and compliance. Clare lectures in national and international programs and is published for her innovative approaches to claims management and consulting services.71b07302-f574-435f-a135-125cd00286b0Janice Klodowski, ACI, ARM, MBAspeakerJan is the Vice President of Agri-Services Agency LLC (ASA), an agricultural focused insurance group located in Syracuse, NY. Jan is responsible for the administration and management of Agrisurance Inc., the captive program that was formed nearly 20 years ago to provide stable and consistent workers’ compensation coverage for agriculture business owners. Jan has more than 25 years of experience, working closely with loss control, claims and insurance professionals to develop and share strategies promoting safety awareness on the farm. Jan currently serves on the Advisory Panel for the Northeast Center for Agricultural Health (NEC). Jan chairs ASHCA’s Member Relations and Communications Committee.47e4b56b-82c8-472a-8f64-9fd85ca40d6aDusty Otwell, JDspeakerDusty Otwell is Vice President for Claims and Risk Management at US Acute Care Solutions, and serves as Chief Operating Officer and Corporate Secretary for Clinician Assurance Risk Retention Group. He is responsible for professional liability insurance, claims defense and risk management for the organization serving over nine million patients annually at more than 500 programs across the country. He is responsible for industry-leading results on malpractice risk management, consistently achieving claims rates less than one-half of comparable benchmarks. He is a faculty member of the Center for Emergency Medical Education and teaches in the High-Risk Emergency Medicine Course. He earned his B.S. from Auburn University and his law degree from Cumberland School of Law, Samford University. He is licensed in Georgia, Tennessee, Alabama and Texas, and holds a corporate counsel registration in Ohio.bbe37137-813c-4b92-ac96-a1fabd19893a22. 4 Ways to Define Captive Insurance2023-08-09T00:00:00-04:001:30 pm858dfe45-f6d3-41c0-bfe7-19c09a58ef89James A. DeVoe-TallutospeakerJim DeVoe-Talluto is an Assistant Director with the Vermont Department of Financial Regulation – Captive Division, where he directly supports the Director of Captive Insurance and Deputy Commissioner of Captives in licensing, strategic planning, legislative initiatives and industry outreach. Jim joined the Captive Division in 2004 and has been involved in all aspects of the analysis and examination processes. Prior to joining the Captive Division, Jim spent three years in public accounting and captive management. Jim earned a M.S. in Accounting and MBA from Northeastern University and a B.A. in English from Stanford University.79a2462e-6424-45c8-a41d-aeb48db77862Charles J. LavellespeakerCharles J. (Chaz) Lavelle was elected to the Captive Review Hall of Fame and has received VCIA’s “Service to the Captive Industry,” CICA’s “Distinguished Service” and Captive Review’s “Outstanding Contribution” awards. He is a lawyer in the Louisville, Kentucky office of Dentons Bingham Greenebaum LLP. He regularly represents clients before the IRS, and frequently speaks and writes on captive insurance topics. Chaz was outside Tax Counsel for both Humana (brother-sister) and Ocean Drilling (unrelated business) in their captive insurance victories in the U.S. Court of Appeals. Among his civic and charitable activities, he is past Chair of the Kentucky Chamber of Commerce.66856174-788a-4002-802c-346bd4e9f6d6John M. PrescottspeakerJohn Prescott serves as Managing Partner of Johnson Lambert LLP, a multi-office, niche-focused firm that provides audit, tax and consulting services to insurance entities, nonprofit organizations and employee benefit plans. In that role, John is responsible for implementing strategic direction and oversight of firm operations and ensuring that Johnson Lambert vigorously pursues its vision, mission and core values. John has 30 years of experience serving a wide variety of insurance entities, including commercial carriers, surplus lines, governmental risk pools and alternative risk entities. He is a frequent speaker and author on insurance and alternative risk topics. John holds CPA licenses in Vermont, New York, Hawaii, Virginia and South Carolina. Additionally, John serves on the Executive Committee of DFK USA, a worldwide association of independent accounting firms.c97087aa-93cd-4fb3-92ac-b10d77c15eb3Robert J. Walling, III, MAAA, FCAS, CERAspeakerRobert Walling is a Principal and Consulting Actuary with Pinnacle Actuarial Resources, Inc and has been in the insurance industry since 1989. He is primarily focused on actuarial studies for captives and self-insureds, including regulatory and litigation support. He also performs commercial lines ratemaking and reserving studies, as well as legislative costing. Mr. Walling has been named one of Captive Review’s Captive Power 50 many times. He has served on the CAS Board of Directors, the Casualty Committee of the Actuarial Standards Board, and numerous CAS and AAA committees, three of them as chairperson. He is a faculty member of the International Center for Captive Insurance Education (ICCIE). Mr. Walling is a frequent speaker at industry meetings on a wide array of topics.d0e3e0c6-f956-4912-88c9-96d5500853da23. Discussion Group: Tips & Tricks of Managing Captive Service Providers2023-08-09T00:00:00-04:001:30 pmc32e35af-c121-48a1-8a99-d9afd598c63fDenise Johnston, ARM, ABCPspeakerDenise Johnston is a risk management professional with almost 27 years of experience in the life science and healthcare manufacturing industry. She is currently responsible for Cardinal Health’s Vermont based captive insurance company (EPIC) which writes nearly $200 million in premium annually. Denise is also responsible for the commercially placed casualty insurance programs. During the most recent hard market, Denise and the Cardinal team have focused on expanding the use of Cardinal Health’s captive for various products liability exposures as well as implementing an aggregate medical and pharmacy stop loss program. Prior to returning to Cardinal in 2016, Denise was a Director of Risk Management at Stryker and was responsible for the global property insurance programs, business continuity, supply chain exposure evaluation, RMIS and certain captive duties. This will be Denise’s first time attending the Vermont Captive Insurance Association annual conference and she is excited to collaborate with her peers.0c7cf294-e236-4630-8638-be7cb025693eSheri Tremblay, CPA, AIAFspeakerSheri Temblay is the Associate Director of Captive & Insurance Management, Commercial Risk Solutions, at Aon. She belongs to the Vermont leadership team and has responsibility for the financial and regulatory compliance of a portfolio of captive insurance companies, overseeing the daily operations and ensuring timely and accurate reporting. Sheri joined Aon in 1997 and has 28 years of experience in the captive industry. Her experience includes providing services to pure captives and association captives for a variety of Fortune 500 companies, as well as servicing both Vermont and New York captives. Prior to joining the captive industry, Sheri spent more than eight years with a local accounting firm. In addition, Sheri has attained an Associate in Insurance Accounting & Finance (AIAF) designation.7f7bac79-ea31-4211-9b35-39a0f15d08fc24. Forum: Captive Owners2023-08-09T00:00:00-04:001:30 pm2491d602-03ea-4ef1-9f65-ef4e1c826681Kristen Peed, ARM, RPLU, CPCU, RIMS-CRMPspeakerKristen is the Director of Corporate Risk Management and joined CBIZ in July of 2015 with over 18 years of experience in the insurance industry both on the broker and client side. She is responsible for placement of the corporate insurance programs and claims management as well as implementation of risk mitigation strategies including overseeing their newly formed single parent captive, Rockside Insurance Company domiciled in Vermont. Prior to joining CBIZ, Kristen served as the Risk Manager for Swagelok, a privately held manufacturer with international exposures managing all insurance programs and serving as an Officer for their captive insurance company domiciled in Vermont. She was also a part of the risk management department of STERIS Corporation, a medical device manufacturer with operations in over two dozen countries, managing both the insurance programs as well as the fleet exposure. She has experience as a commercial lines broker through BB&T Insurance and Oswald Companies with a concentration in professional and executive liability. Kristen serves on the Board of Directors for the Risk and Insurance Management Society as a member of the executive committee as treasurer and is a RISK PAC Trustee. She also serves on the Advisory Council for the University of Akron for their RMI program. She was awarded as a 2016 Business Insurance Women to Watch which globally recognizes the top women in Risk Management and Insurance. Kristen holds the designations RIMS-CRMP, CPCU, RPLU, CRM, ARM-E, CIC, AAI and AIC. She graduated from UNC-Chapel Hill in 1999 with a B.A. in industrial relations.4ea0e47f-803d-46fb-b4c0-f8e674ecf64bTheresa Severson, MLISspeakerTheresa Severson is the Vice President Insurance & Risk – Kite Realty Group. She’s a proven team leader with 30 years of insurance experience, whose strategic skills has built and oversees an insurance and captive program with $3 billion in TIV and 103 locations. Responsible for the operational and corporate insurance/risk management, including the captive management, contact management, business continuity program and claims management functions. RPAI is a publicly traded REIT that owns and operates high quality open-air shopping centers, including properties with a mixed-use component. Ms. Severson has been with RPAI since 2008. Prior to joining RPAI, Mrs. Severson worked as an insurance broker handling real estate owners and developer’s insurance programs. Mrs. Severson received her B.S. in economics from Illinois State University and is a certified Management Liability Insurance Specialist.35d57dbf-0169-4820-bea9-b9acd5fa3b6e25. Practical Approach to Tax2023-08-09T00:00:00-04:002:45pme8ed2f25-a015-48ab-9506-179c8d960fbaPeter A. Kranz, CPAspeakerPete has over 28 years of risk financing and consulting experience serving privately owned and publicly traded clients of all sizes, including significant work with Fortune 1000 companies. In 2022, he joined Alliant, one of the largest brokers in the US, to focus on Risk Finance (ART) and Strategic Solutions for the firm. Pete spent his first ten years in public accounting supporting clients with audit, tax, business consulting and advisory services. He spent the next 17 years in the captive insurance industry, including leading one of the largest and most recognized Captive Management and Consulting Practice’s in the world. Throughout his career, Pete developed many successful, complex risk financing programs including utilization of captives. He has worked with companies of all sizes to quantify risk tolerance and appetite and design the most efficient risk financing program for each, including consideration and utilization of integrated aggregates including multi-year, multi-line depleting aggregates; insurance linked securities; parametric programs; matching deductible and indemnification structures; and captive insurance companies (pure, group, sponsored/cell, risk retention groups). In addition, Pete has worked with clients on ongoing strategic opportunities, including: opportunity analyses; sale of loss reserves to legacy liability markets; freeing up capital and mitigating cash flow implications; captive feasibility studies; captive health checks including development of ROIC, KPI and metric analyses; and ongoing captive utilization within an organization’s broader risk financing strategy, including identification of profitable opportunities to increase captive surplus allowing the client to take greater control of their risk financing destiny. Pete earned his B.A. in accounting from Champlain College in Burlington VT. He is a CPA, licensed in Vermont. Pete is a frequent speaker at industry conferences, contributor on podcasts and webinars, and routinely writes for leading industry publications.9b5707bf-c6fc-4176-8dd6-6e31d6479d95Daniel Kusaila, CPAspeakerDaniel Kusaila is a partner with Crowe Insurance Tax Practice. Daniel has spent his entire career serving property and casualty, captives and life insurance companies in global and multi-state environments. He has significant expertise in the taxation of traditional insurance companies, single parent captives, risk retention groups, association captives, cell companies, risk pools and reciprocal insurance companies. Mr. Kusaila has a deep understanding of all tax aspects of insurance companies; his specific areas of concentration include FATCA, federal and state tax compliance and planning, structuring of off-shore and on-shore captive insurance companies, mergers, acquisitions & reorganizations, private letter rulings, federal excise tax compliance, GAAP financial statement reporting and Statutory financial statement reporting. He has authored several captive insurance articles for various publications, is a frequent national speaker on topics relating to Federal and State taxation of insurance companies and is an instructor for the International Center for Captive Insurance Education (ICCIE).c6ccc8fd-1de9-4ab4-bed2-93cf7d78a07aMikhail Raybshteyn, CPAspeakerMikhail Raybshteyn is a US-based Tax Partner in the EY’s Global Insurance Sector. He is a member of the EY Global Captive Network and serves as the EY Americas Captive Insurance Services Co-Leader and US Northeast InsurTech Tax Services Leader. With over 18 years of experience, Mikhail specializes in the domestic and international insurance and tax topics, planning & structuring, tax and insurance risk advisory, tax controversy and tax thought leadership for a broad array of commercial insurance and reinsurance, captive insurance, InsurTech and non-financial market clients. His captive insurance and InsurTech market focus covers tax and regulatory matters in connection with designing, establishing, utilization and reorganization of Insurtech and captive insurance arrangements, programs and structures. Mikhail also focuses on design and review of insurance products for captive insurance companies and co-leads the product innovation team for the practice.17ef11ad-0bb5-4ed4-bb6d-9753038dd5c9Bailey Roese, Esq.speakerBailey Roese is a partner with Dentons Bingham Greenebaum LLP. Selected as a 2023 Captive Review “One to Watch,” a 2023 Best Lawyers “One to Watch,” and a Kentucky Super Lawyers Rising Star in tax law for 2018-2023, Bailey regularly advocates for taxpayers before the IRS and the United States Tax Court and advises captive insurance companies on captive taxation. Bailey has been published in Captive Review and is a frequent speaker on captive taxation. She has spoken at the Vermont Captive Insurance Association Annual Conference, the World Captive Forum, the Cayman Captive Forum and the Captive Insurance Companies Association International Conference among others.74cac5b7-0996-466c-b36b-5ac8a6b71a9026. Medical Stop Loss and Employee Benefits Strategies2023-08-09T00:00:00-04:002:45pm1d243048-3387-4c6a-9e3e-fdef6c028f1cTracy Hassett, SPHRspeakerAs President and CEO of edHEALTH, LLC and its stop-loss captive Educators Health Insurance Exchange, Tracy is also the current Board Chair on the Vermont Captive Insurance Association Board of Directors. Recognizing the financial challenges of schools nationwide, Tracy played a leading role in launching edHEALTH, a consortium of educational institutions coming together to save money on insurance costs and improve the healthcare experience for faculty and staff. Now in its tenth year, edHEALTH continues to grow in member schools under Tracy’s strategy, vision and leadership. Tracy brings a unique strategic perspective to human resources and finance at educational institutions. She’s a self-describing recovering Human Resources Officer, serving 17 years as Vice President of Human Resources at Worcester Polytechnic Institute and past president of Southern New England CUPA (2012-2013). She is an alumna of Roger Williams University and lives in Bristol, RI, with her husband and their two labs.5ed0f05d-6fca-4592-b1ec-b98775a3c4bcPrabal Lakhanpal, ACI, MBAspeakerPrabal Lakhanpal, MBA, ACI is a Senior Vice President and has been with Spring since 2015. At Spring, Prabal leads many of the firm’s most advanced client projects, with a focus on employee benefits, captive insurance and alternative risk funding. He drives the strategic and innovative thinking processes and serves as the project lead for some of the country’s largest employers. Prior to joining Spring, Prabal was working in various finance and operational roles across the globe. In 2019, Prabal won the Emerging Talent award for Service Professionals from Captive Review. He was the 2020 winner of Employee Benefit Adviser’s Rising Star Award and was recognized by Business Insurance for their 2020 Breakout Awards. In 2021 he was recognized a Rising Star by Insurance Business of America for continuing to push the industry forward. Prabal has his MBA from Babson College and has received the Associates in Captive Insurance (ACI) certification. Prabal currently serves as a Board of Director at Captive Insurance Companies Association (CICA), the only domicile neutral captive insurance association.430c67fb-c324-480b-927c-1ee58af39080Dale Sagen, DTMspeakerDale Sagen is a Vice President, Business Development Leader with QBE Accident & Health where he strives to be the most consistent and innovative risk partner. Dale specializes in medical stop loss captive solutions that are designed for employers and their advisors. He believes the key to sustainable healthcare costs in America is to bring together best-in-class risk management procedures that control catastrophic risk which intern diminishes the ever-rising cost of corporate benefits. He lives near Cleveland, Ohio, and graduated from the University of Toledo. Dale is a Distinguished Toastmaster and enjoys coaching his children’s soccer teams.8229641d-1f7b-403e-8090-e71e0a77d77327. Reimaging Leadership2023-08-09T00:00:00-04:002:45pm4a892a4c-3001-4fb7-afbc-15b6aa7101bcCheryl Baker, CRM, MBA, AIC, ARM, CICspeakerCheryl Baker has over 20 years of experience in the insurance industry, covering various areas including mergers and acquisitions, professional liability, corporate claims and cyber risks, all with the effective utilization of captive insurance companies in mind. Cheryl successfully works with internal and external colleagues to assess risks and assist executive leadership in making risk-intelligent decisions. She is the president of Stellantis’ US-based captive and has earned an MBA from Louisiana State University-Shreveport and a B.A. from the University of Michigan-Dearborn. Cheryl holds the ARM, CIC, CRM, and Associate in Captive Insurance designations.4de6790d-83ea-4c8a-833c-c4eb26dd125dJulie Bordo, JDspeakerJulie Bordo is the CEO and President of PCH, providing liability insurance to over 2,800 long term care facilities in 47 states. As a former litigator and current business counsel and consultant, Julie engages a 360 view when addressing the unique demands of running a risk retention group. As a member of the board of the National Risk Retention Association she chaired NRRA’s Conference in 2018 and 2019. Julie is an avid early adopter of innovation, has lobbied in Washington on behalf of the captive industry and is a passionate speaker on myriad topics vital to the industry. She was named to Captive Review’s 2020 and 2021 Power 50.ade629ae-6d0b-4801-9e55-262d1eaf3446Melinda Young, CIC, CRMspeakerMelinda Young serves as Vice President of Risk Management, where she assists company leadership in the development and execution of corporate strategies for identifying, managing, mitigating and transferring risk. Melinda is also responsible for placing Alberici’s insurance program and is involved in the management of Alberici’s captive insurance companies. She oversees claims handling, trade partner prequalification and Alberici’s Subcontractor Default Insurance program. She is a Certified Insurance Counselor (CIC) and Certified Risk Manager (CRM) with more than 30 years of experience providing insurance brokerage and risk management solutions to the construction industry. Melinda is a graduate of Webster University in St. Louis, Missouri.f254906f-6230-46f7-9ee6-d9e49607481a28. Discussion Group: Hot Topics for RRGs2023-08-09T00:00:00-04:002:45pmfddde062-1648-46b9-a535-804912bf7c47Daniel Belbusti, CPAspeakerDan Belbusti serves as the Chief Financial Officer for Eastern Dentists Insurance Company (EDIC) and oversees the internal and outsourced financial functions of the company. Mr. Belbusti joined EDIC from Electric Insurance (a GE Company) where he spent 9 years and served as Deputy Controller and Technical Accounting Leader. Prior to Electric Insurance, Mr. Belbusti spent 5 years as a Senior Manager at a consulting firm specializing in risk management for financial services clients, implementing enterprise risk management structures, improving internal control processes and engaging in the occasional fraud investigation. Mr. Belbusti also formerly served as a Senior Associate at PricewaterhouseCoopers LLP, specializing in audits for insurance and investment industry clients. He holds both an M.S. and B.S. from the University of Connecticut.349c9f36-2850-4418-8bae-5fef4f1d2f8fMary Ellen Moriarty, ARM, CIC, CPCUspeakerMary Ellen Moriarty has been actively engaged in the insurance industry for over 30 years in positions within national insurance brokerages as well as commercial insurance carriers. She joined EIIA in 2002 as the Vice President for Property & Casualty, focusing her extensive insurance experience on the higher education industry group. EIIA maintains two captives, College Insurance Company and College Risk Retention Group. Mary Ellen received a B.S. Northern Illinois University, an MBA from DePaul University, and a Master of Pastoral Studies from Loyola University. She currently holds the Chartered Property & Casualty Underwriter (CPCU), Associate in Risk Management (ARM) and Associate in Captive Insurance (AIC) designations. Mary Ellen is actively involved in CICA, VCIA and NRRA. She is a frequent speaker at both insurance and higher education industry events.1295d1f0-bc28-4a4e-a22a-62f9cafdda74Timothy J. PadovesespeakerSince 2002, Tim Padovese has served as the President and CEO of Ophthalmic Mutual Insurance Company (OMIC). OMIC is a risk retention group (RRG) insuring over 5,800 ophthalmologists nationwide which translates to a 60% market share. In addition to the responsibilities associated with the company’s operations and its success, Tim works with all ophthalmologists that are members of their sponsoring organization in the American Academy of Ophthalmology (AAO). Tim has over 40 years of insurance experience with the last 21 years at OMIC. Prior to joining OMIC, Tim spent 22 years with Fireman’s Fund Insurance Co. in key underwriting and marketing positions and at NORCAL Mutual as Vice President of Underwriting.391ed602-9579-4213-8842-fd398b95b30d29. Special Event: Situation Room with Sandy Bigglestone2023-08-10T00:00:00-04:008:30am4018ac5d-2c3c-4fdd-a825-dfe42cf9499bSandy Bigglestone, APIR, CPAspeakerSandy is Deputy Commissioner of the Captive Insurance Division of the Vermont Department of Financial Regulation. She is responsible for the administration and regulation of captive insurance companies and risk retention groups. Having been with the Division since 1997, Sandy has 25 years of experience regulating captive insurance. She was appointed as Deputy Commissioner effective September 1, 2022, after serving as a principal staff member to her predecessor for 14 years. Sandy is a Certified Public Accountant, Certified Financial Examiner, a Certified Public Manager with the State of Vermont, and earned an Associate Professional in Insurance Regulation designation from the National Association of Insurance Commissioners. In 2018, Sandy was a recipient of the Women to Watch Award presented by Business Insurance for her leadership, expertise, and accomplishments in the captive insurance industry. The 2023 Captive Review Power 50, which recognizes the most influential professionals in the global captive insurance industry, named Sandy at #3.501e5cb9-22dc-4f49-8344-65e1f59cf456Gail NewmanspeakerAs the Vice President of Risk Management for Bright Horizons Family Solutions, Gail Newman provides innovate risk management strategies and evolves efficiencies in business practices to support the company’s global approach to Enterprise Risk Management. Gail is a seasoned leader with more than 20 years of management experience in the disciplines of financial and operations management, six sigma/business process improvement, leading internal audit organizations as well as insurance and captive management. Passionate about finding synergies in business and her community, Gail is actively involved with volunteering with the Bright Horizons Foundation for Children, supporting VCIA as a Board member, serving as a Board Member of the Bunker Hill Community College Foundation as well, and doing sustainable gardening and farming efforts in her hometown. Beyond her “day job,” Gail has been active in the Fitness and Wellness industry for over two decades. She currently teaches a variety of fitness classes and is a licensed trainer and nutrition coach.13489d90-5081-4060-826c-64dffb9e82fdMichael PieciakspeakerMichael S. Pieciak was inaugurated as Vermont’s 31st State Treasurer in January 2023. Mike previously served six years as the commissioner of the Vermont Department of Financial Regulation (DFR) where he was first appointed by Governor Peter Shumlin in 2016 and reappointed by Governor Phil Scott in 2017. Mike also served as deputy commissioner of DFR’s Securities Division, where he led the division’s investigation into the Jay Peak EB-5 projects. While at DFR, Mike served as the president of the North American Securities Administrators Association, a member of the SEC Advisory Committee on Small and Emerging Companies and member of the National Association of Insurance Commissioners. Prior to his public service, Mike practiced law in New York City at Skadden, Arps, Slate, Meagher and Flom LLP in the Mergers and Acquisitions Group, gaining experience in commercial transactions, corporate governance and investment and financing transactions. Mike also previously practiced at Downs Rachlin Martin in Burlington in the Business Law Group. Mike grew up in Brattleboro and graduated cum laude from Union College with a degree in political science. He received his law degree summa cum laude from the University of Miami School of Law where he served as editor-in-chief of the “Miami Law Review.” Mike currently resides in Winooski, Vermont with his partner Will and English Setter Jetty.d610e982-5b79-4c42-9e25-3562d9a3d366Adriana ScherzingerspeakerAdriana Scherzinger is the U.S. National Accounts Head of Alternative Risk Solutions at Zurich North America. Scherzinger is a seasoned (re)insurance and risk management professional with nearly 17 years of insurance industry experience working in various regions around the world, from global to local levels, predominantly handling international corporate business. She has held a variety of key roles including responsibility for the service and management of complex international insurance programs for multinational clients. Previously, Scherzinger worked with Zurich Latin America, as regional Head of International Program Business, Commercial Insurance and as Senior Captive Fronting Manager in Switzerland, Spain, Middle East and the Asia Pacific. Based in Chicago, Scherzinger has progressively ranked on the Captive Review Power 50 and is an advisory board member on numerous captive industry councils. Before joining Zurich, she held leadership positions at UBS and Swiss Re. She holds an Executive MBA by Fundação Getulio Vargas and the University of Chicago’s Harris School of Public Policy.afb38a3d-8ed8-4198-ab1b-fc149a54810e30. Recent Trends in the Cyber Market2023-08-10T00:00:00-04:009:45am047f83ac-9509-493b-babe-2f8dca0b0723Kimberly Guerriero, FCAS, MAAAspeakerKim is a Principal and Consulting Actuary with Milliman. Kim's property and casualty insurance experience includes loss reserving, valuation studies, funding studies for captives and self-insureds, benchmark analyses, rate filing revies for regulatory authorities, and expert testimony. She specializes in alternative marketing issues. Kim has assisted with the formation and ongoing actuarial needs of many self-insurers, captive insurers, and risk retention groups. Kim currently serves as the Vice President of Marketing and Communications for the Casualty Actuarial Society.1e8863a9-c82e-4fb0-a289-a91e23201112Mike Lubben, AIC, CPCU, CRMspeakerMike Lubben is the Director, Global Risk Management for the Henry Crown Company - a large multi-national conglomerate of real estate and manufacturing. He leads a staff responsible for Enterprise Risk Management, Safety, business continuity, claims and insurance purchasing for this diverse company with over 16,000 employees. For 30 years Mike has led Risk Management Departments for Fortune 1000 or large privately held firms. Mike is also the President of Pinnacle Mutual Insurance Company and Pinnacle Commercial Insurance Company, Vermont-domiciled insurance captives. Mike is a regular “visiting professor” for the Risk Manager in Residence program at RIMS, and he has an MBA from St. Ambrose University with an economics degree from The University of Iowa. He holds industry designations of Chartered Property Casualty Underwriter (CPCU), Certified Risk Manager (CRM) and Associate in Claims (AIC).cdbfb63b-c475-4b7d-a093-2d34abbff9c8Chris Mee, J.D.speaker779a6e07-879f-49e4-9628-467e55386eac31. Strategic Review: Assessing the Operational and Value Contribution of Your Captive2023-08-10T00:00:00-04:009:45amaae0e51a-e7cb-4a1a-b4de-f1c7e0d00dc6Cindy HolmesspeakerCindy is a seasoned finance professional with over 30 years of experience in multiple aspects of corporate finance. This includes roles as a capital management analyst, treasury analyst, assistant treasurer, investor relations director, pension investments senior director and VP of pension investments and insurance & claims. She has been married for 26 years, has a daughter starting medical school, a son at the University of Utah and two crazy yellow labs!5b9fa4b7-4027-42ad-bf83-e7dbba73d2fdMichael O'Malley, ARMspeakerMichael O’Malley is a Managing Director for Strategic Risk Solutions. Mike is responsible for the overseeing the delivery of all SRS business planning consulting services, including statistical loss and exposure analyses, feasibility studies, implementation programs, and financial analysis for captives and other types of risk financing programs. Mike has over 20 years’ experience in the captive and insurance industries and has formed captives and risk retention groups in 12 different domiciles. Mike has a B.S. degree in finance and economics from Bentley College and an MBA (with concentrations in entrepreneurship and finance) from Babson College. He holds an Associate in Risk Management (ARM), an Associate in Reinsurance (ARe), and a Certificate in Enterprise Risk Management from the CERMAS program at Georgia State University.289aa5b5-21ad-4231-9d1b-fc40908ece7bElizabeth Cain Steinman, ARM, CPA, CPCU, FCIspeakerLiz is the Managing Director of Aon’s Risk Finance & Captive Consulting group with over 30 years of experience in the alternative risk insurance industry as a buyer and provider of risk management services. Prior to Aon, she was employed by the Archdiocese of New York as Director of Risk Management and Insurance. Additionally, she established the captive management operations in the US for HSBC, ran the business, and managed captive insurance companies with Johnson & Higgins, as well as working as a risk financing underwriter for AIG and an audit & tax manager at KPMG. Liz is a Vermont-licensed CPA and a Fellow in Captive Insurance issued by the International Center for Captive Insurance Education (ICCIE).06364c72-2bc2-4022-a9dd-8898914e47a2M Michael Zuckerman, ACI, JDspeakerProfessor M. Michael Zuckerman, JD, MBA, AIC rejoined the Temple University Fox School of Business and Management full-time in the Fall 2023 from Aon, where he served as a Managing Director and Northeast Regional Health Care Practice Leader. He also led the Alternative Risk Practice for Aon’s National Health Care Industry Practice. Professor Zuckerman’s three decades of industry experience include executive positions at Johnson and Higgins, Thomas Jefferson University, WTW and Temple University Health System. At the Fox School, Professor Zuckerman has served as an adjunct or assistant professor since 1987. In his prior years as an Assistant Professor from 1997-2000, he redesigned the Global Corporate Risk Management undergraduate capstone and developed the Health Care Risk Management course for the MBA in Health Sector Management. Professor Zuckerman also developed the Risk Manager in Residence Program with Spencer/RIMS. Additionally, he has designed and taught in a professional development program for Marsh’s client executives. Currently Professor Zuckerman teaches Introduction to Risk and Management and Insurance, Casualty Contingencies, Managing Risk across the Organization, and Enterprise Risk Management. He is also the Academic Director for Enterprise Risk Management Concentration in Fox’s MBA programs. His research and consulting interests include global corporate risk management; alternative risk funding/transfer; captive insurance company governance best practices; and enterprise risk management. He serves on the boards of the International Center for Captive Insurance Education (ICCIE) and Families Forward Philadelphia. Zuckerman also works on the Editorial Advisory Board for AHCMedia’s Healthcare Risk Management Newsletter. Zuckerman publishes and speaks on various Risk Management issues. His honors include the Fox School’s 2010 H. Wayne Snider Distinguished Alumni Award and the 2010 Outstanding Educator Award from the Insurance Society of Philadelphia. He earned his BBA and MBA from Temple University; his JD from The John Marshall Law School in Chicago; and recently earned his Associate in Captive Insurance (ACI) from ICCIE.8fb7d005-20f4-44be-924a-0d9c607cb0ce32. Impact of Inflation on Your Captive2023-08-10T00:00:00-04:0011:00amd44a3437-b35e-46fe-a96f-6f08637d59b6Derek Freihaut, FCAS, MAAAspeakerDerek Freihaut is a Principal and Consulting Actuary with Pinnacle Actuarial Resources, Inc. in the Bloomington, Illinois office. He holds a Bachelor’s Degree in Mathematics and Economics from Rose-Hulman Institute of Technology in Terre Haute, Indiana. He has over ten years of actuarial experience in the property/casualty insurance industry. Mr. Freihaut is a Fellow of the Casualty Actuarial Society (CAS) and a Member of the American Academy of Actuaries. He currently serves on the AAA Committee on Property-Liability Financial Reporting (COPLFR). Mr. Freihaut has considerable experience in assignments involving loss reserving, funding studies, loss cost projections, captive feasibility studies, risk transfer analyses, and personal and commercial lines ratemaking. Prior to joining Pinnacle, Mr. Freihaut was employed at a large insurance company where his responsibilities included personal and commercial lines pricing. His pricing duties included private passenger and commercial auto, commercial multi-peril, and rental program lines of business.e35e7a16-3a66-43c6-885c-c47c3690d62bRobert M. Gagliardi, CPAspeakerAs head of AIG’s captive management and US Fronting operations, Bob is responsible for developing innovative, customized captive solutions for clients. This includes captive fronting, formations, feasibility studies, and the development of AIG’s sponsored captives. In addition to serving existing clients, he manages the marketing and formation of new captives and has formed captives in numerous domiciles. Bob serves on the Board of over 20 captives and is a frequent speaker at industry conferences. For the past four years, Bob has been named to Captive Review Magazine’s, “Power 50”, a list of the captive industry’s most influential and innovative figures. Bob is a member of the American Institute of Certified Public Accountants and he has obtained the Associate in Reinsurance (ARe) designation from the Insurance Institute of America. Additionally, Bob currently serves as a member of the Board of Directors and the Strategic Planning Committee for the Vermont Captive Insurance Association (VCIA).5ea1410f-0177-447b-8812-9c9fbb42b643Daniel YoungsspeakerDan is the Chief Financial Officer of LCSWMA and the President of Sustainable Assurance Company (the captive). Dan joined LCSWMA 2019 and provides direct leadership of the Finance, Human Resources and Information Technology, and Risk Management divisions. Previously, Dan held financial and operational leadership positions within the Agriculture, Mechanical Contracting and Manufacturing industries. Dan holds a B.S. in Accounting with a second major in Business Administration from Lebanon Valley College and an MBA from Lebanon Valley College.ea4b8dcd-945a-4d05-b1d5-f07b46fe003633. Discussion Group: Regulatory Exams and Analysis- Best Practices2023-08-10T00:00:00-04:0011:00amd312f723-e838-40f1-aa47-e7d876cde6e5Timothy Herr, JDspeakerTim Herr is the Secretary and Risk Management Officer of Recreation Risk Retention Group (RRRG). He was involved in the creation of RRRG in 2016 to insure the unique risks faced by the hang gliding and paragliding industry. Tim has over 35 years of experience as a transactional and trial attorney in both state and federal courts. He has represented the United States Hang Gliding and Paragliding Association (the primary shareholder of RRRG) for over 30 years. His practice has included insurance, intellectual property, business formations, business transactions and litigation. Tim received his J.D. from Hastings College of the Law and a B.A. in economics from UC Berkeley.d6a2a0bf-b6da-41ba-9e14-6bfc605fc7f4Dan Petterson, CPA, SPIRspeakerDan Petterson is the director of Captive Examinations for the Vermont Division of Captive Insurance, where he leads a group of 22 examiners responsible for ensuring that Vermont captive insurance companies are operating responsibly and in accordance with applicable rules and regulations. Before his transition to the Vermont Division of Captive Insurance, Dan spent four years with the Vermont Division of Insurance, regulating traditional insurance companies as an administrative insurance examiner. Prior to becoming a regulator, Dan spent six years in public accounting, including three years with PricewaterhouseCoopers, primarily in the insurance industry. Dan received an undergraduate degree in accounting from Castleton State College and a Masters in Business Administration from the University of New Hampshire.519282d0-fe79-4c22-bde9-42d26b28012d34. Special Event: Closing Luncheon with Keynote Speaker Jeff Kreisler2023-08-10T00:00:00-04:0012:00pm565af4a4-8d4c-44ea-8e3d-de032915c2e2Jeff Kreislerspeaker59aa2bd0-73e5-4bdb-b432-c94aeadeeb6eAdvantage Insurance Management (USA) LLC47e33860-cc82-4473-b474-20d6066a1430Agile Premium Finance Captive Specialistsa9b4a935-dc17-4934-a0cd-f08ac495b449AM Best682ee96a-ddae-4ee3-9e0f-883cd9541988AXA XL, a division of AXA6332a901-27ce-47ae-942d-9786ed981e3aChubb8d234d77-8207-462c-9cdb-ad2cfbb75c5aDowns Rachlin Martin PLLC0b38fc3a-74fb-4ac4-82b9-f599ed93f92fGreat American Insurance Company3ab3b21b-0c00-4299-a458-b58efeda8d88Hylant Global Captive Solutions1c94d7ae-2cdd-426f-bbf9-b80dbb6ba7a8Johnson Lambert LLPb327c8a4-e682-402a-93f5-4bca8b79033bKeyState Captive Managementb63b76ef-bb2e-456b-a995-10f7ea3b7248Liberty Mutual Insurance0fb28104-b257-4141-b2bf-60f7bd02dd88Marsh Captive Solutions54322fdf-74ec-4d2b-9f20-48e804d6648eMarsh Captive Solutionsd897796d-8f47-4752-9614-e522d168c481Michael Maglaras & Company7054ca87-948a-495e-8568-ed49cd463938Milliman, Inc.41960aae-38ad-441f-a925-9e558b37c4d8MSO, Inc. (a.k.a. The Mutual Service Office Inc.)fc888534-d1a2-48d7-84a9-c9a365d270a1NovaData Solutions LLC6b29afb9-7b83-4e24-aa35-c8d7ab097429Old Republic800fb80f-7328-44f4-86ab-ee882994c91bOpus Investment Managemente5a40371-87a9-4407-b2ae-67d6d6d09a49Paul Frank + Collins P.C.0baa4944-c6d4-47d7-bdb2-f4b4b82eb738Performaf6f02fbe-5db2-477d-b35c-e7fc3345516fPinnacle Actuarial Resources, Inc.4d97b2d0-dfe9-4723-99ca-20bb314f132ePNC Institutional Asset Management97dfaca4-17dd-466e-9f67-f4086ce023a5Primmer Piper Eggleston & Cramer PC8b29cb99-0af8-408f-9e71-f61db3189726RH CPAs8d5c0833-0b3d-4a2a-bd6d-f8e49ecbfcbeSedgwick Claims Management Services1a641968-9b46-4d79-9542-3d6a837ea81cState of Vermont, Department of Economic Developmentc3657dea-5259-4b35-8496-418e9b790582TD Wealthcc0d7b09-bb0d-44ba-89cd-7b846e1ee78aThe Driven Data Networkf510ea02-22db-42b2-883b-152768d9464fThe Hartford Captive Programs4582087f-37d0-45c3-8935-cb3448fd84e4Travelers Specialty Group Captives684b388e-14d7-4cea-a6db-da4d43eeb999WTW

2023 VCIA Annual Conference

VCIA's Flagship Legislative Day in the Vermont Statehouse

Each January, VCIA visits the Vermont Statehouse for our annual Legislative Day. This special event, for VCIA members only, highlights the effective relationship between VCIA and the State's executive and legislative branches.

VCIA's 2023 Legislative Day was a major success!

An exclusive, 8 page report on the day's events is now available to VCIA Members! Join our strength in numbers if you're not a member yet by contacting Janice Valgoi!

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VCIA's 2022 Legislative Day is in the books and was a smash hit! Legislative members praised VCIA and Vermont's captive insurance industry for its continuing growth and economic impact. May 2022 Update: H515 Captive Bill, with VCIA's support, signed into law!

Find out why being a VCIA Member is so valuable with our new Membership Values Document!

Legislative Day

About Us • Annual Conference

2023 VCIA Annual Conference

VCIA's Flagship Legislative Day in the Vermont Statehouse