March 1 2023 8am-1pm, full breakfast served at 8am
St. Regis Hotel, Mexico City, Mexico
Join us for VCIA's Captive Insurance Trade Mission with Mexico! Complimentary admission for Mexico-based attendees and VCIA members. To register, send your name, title, and contact information to Sylvia.Montano@trade.gov. For questions reach out to Janice Valgoi at firstname.lastname@example.org
Trade Mission Speakers
Strategic Advantages of Captive Insurance Programs
Captive insurance refers to a subsidiary corporation established to provide insurance to the parent company and its affiliates. A captive insurance company represents an option for many organizations, from Fortune 500 companies to nonprofits, that want to take financial control and manage risks by underwriting their own insurance rather than paying premiums to third party insurers. There are currently over 6,400 active captive programs around the world that service their parent companies risk management and risk financing needs.
The State of Vermont is the largest U.S. domicile for captive insurance and third largest in the world, home to nearly 600 active captive programs, including a number that do business in Mexico and Latin America. As the interest in captive insurance continues to grow among Latin American companies, the State of Vermont seeks to ensure that the captive concept is well understood and communicated, including the benefits of being regulated in a reputable onshore jurisdiction. Join us for this session where our expert panelists will focus on the basics of captive insurance companies; the reasons for formation, the feasibility process and key issues in putting a successful captive program together.
Gain an understanding of the structures, costs and capital requirements in establishing a captive. A brief overview of the Vermont domicile will also be discussed. To round out the session, experts will discuss emerging tax issues for Mexican captive insurance programs setting up operations in the United States. The decision to form a captive insurance company is an individualized process that reflects the unique needs and interests of that corporation, association or institution. In this session a representative from a Vermont captive based in Mexico will share their thought process and experiences.
Register now for this complimentary, informative event! Interpretation services will be provided.
Join us to learn about:
Christine Brown, Director of Captive Insurance - Vermont Department of Financial Regulation – Captive Division
Brittany Nevins, Captive Insurance Economic Director, State of Vermont Department of Economic Development
Santiago Dawson, Corporate Development and Financial Products at América Móvil
Sandy Bigglestone, Deputy Commissioner Captive Insurance - Vermont Department of Financial Regulation – Captive Division
Alejandro Santos, Latin American Leader for Risk Analytics & Captive Solutions, Marsh
Mike Serricchio, Managing Director, Marsh
Kevin Mead, President, Vermont Captive Insurance Association
Thank You to our Mexico City Trade Mission Sponsors: