Q2 Webinar - Navigating the Macro Landscape: Investment Strategy for Captive Insurance Programs
Get a grasp on the state of the financial markets and how they impact your captive's investment portfolio.
Event Details
VCIA is pleased to present its second quarter webinar, free with membership and eligible to non-membership with a paid registration.
The macroeconomic environment has grown increasingly complex, presenting captive insurance managers and their investment advisors with a dynamic set of challenges and opportunities. This webinar brings together three leading investment professionals — spanning captive advisory, institutional fixed income, and private banking — to examine how shifting monetary policy, interest rate cycles, credit market dynamics, and broader economic conditions are shaping captive investment portfolios today. Participants will gain actionable insight into how to align asset allocation and fixed income strategy with the unique regulatory, liquidity, and liability-matching requirements of captive insurance structures, and leave better equipped to communicate macro-driven investment rationale to captive boards and stakeholders.
Learning Objectives: After completing this webinar, participants will be able to:
1. Identify key macroeconomic indicators — including Federal Reserve policy signals, yield curve shifts, inflation trends, and credit spreads — and explain their relevance to captive insurance investment portfolios.
2. Analyze how current interest rate and fixed income market conditions affect asset-liability management strategies within single-parent, group, and association captive structures.
3. Evaluate investment portfolio construction approaches — including duration management, credit quality laddering, and sector allocation — in the context of captive regulatory requirements and liquidity needs.
4. Apply macroeconomic scenario analysis to assess risk and opportunity across captive investment mandates under varying economic outlooks.
Prerequisite: Basic familiarity with captive insurance structures
Level: Intermediate
CPE/CLE/ICCIE Credits: 1
Advanced Preparation: None
Field of Study: Finance
Speakers
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Jack Meskunas, MBA ACI®, Managing Director – Investments Oppenheimer & Co, has 35 years-experience working with the portfolios of captive Insurance companies as well as offshore banks, brokerage firms, and reinsurance companies. He offers his bespoke investment solutions including recommendations to institutional equity managers, select hedge funds, fixed income investments, and customizes each portfolio to best achieve their objectives.
Jack graduated from Cornell University’s College of Arts and Sciences with a double major in Chemistry and Economics and earned a Master’s of Business Administration from Boston University’s Graduate School of Management. He holds the ACI® Associate in Captive Insurance designation. Jack has won or been “Highly Commended” for Asset Management many times in the last 5 years and has authored numerous articles on investments for Captive Insurance companies since 2000.
Karissa brings more than 29 years of experience in investment management, fixed income strategy, and capital markets, serving institutional, municipal, and high‑net‑worth clients. Most recently, she was Senior Vice President and Fixed Income Strategist at Nottingham Advisors, where she established a formal Investment Committee structure to enhance investment governance and decision‑making. In that role, she led fixed income asset allocation and credit teams, oversaw portfolio construction and risk management.
Rajeev Sharma is Managing Director of Fixed Income Investments at Key Private Bank. In this role, Rajeev is responsible for overseeing and managing Taxable and Tax-exempt Fixed Income investments, including common trust funds, institutional model strategies and individual fixed income portfolios for both institutional and high-net-worth clients.
Rajeev has over 20 years of Fixed Income experience. Prior to joining KeyBank, he was Head of Fixed income at Foresters Investment Management Company. He served as the chief corporatebond strategist and lead portfolio manager responsible for all corporate bond exposure across the mutual fund and life insurance suite of products. As Director of Fixed Income and overseeing managed fixed income and money market funds he was instrumental in launching a short duration bond strategy, co-manager on the Limited Duration Bond Fund, and the Total Return Fund, a mixed asset allocation fund.
Rajeev also brings prior experience as senior credit analyst at Lazard Asset Management, associate director of corporate ratings at Standard & Poor’s Rating Services.
Rajeev received his Bachelor of Science degree in Electrical Engineering from Drexel University, a Master of Science degree in Electrical Engineering from the University of Pennsylvania,and an MBA from Cornell University.
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Carl Terzer is the Founder andPrincipal of CapVisor Associates, LLC, an SEC-registered investment advisoryfirm working exclusively with insurance companies and specializing inCaptives/RRGs. As Chief Investment Strategist, he brings over 35 years ofexperience in insurance asset management, with more than 25 years dedicated to ARTvehicles.
Mr. Terzer is a former board memberand currently serves as the investment course designer and InvestmentInstructor at the International Center for Captive Insurance Education (ICCIE).He is a Board Member for the Captive Insurance Council of the District ofColumbia, Inc. (CIC-DC). Previously, he was a Finance and Conference Committeemember for the Vermont Captive Insurance Association (VCIA), served on theAlternative Risk Transfer (ART) Committee of the Self-Insurance Institute ofAmerica (SIIA), and was a Board Member of a New York commercial auto insurer.
A frequent conference speaker and aregular interviewee on AM Best TV and contributor to leading industrypublications, including Business Insurance, Reactions, Insurance AssetManager, US Insurer, The Self-Insurer, Captive International, Captive.com,and Captive Insurance Company Reports (CICR).
