Conference Registration and Continental Breakfast for Attendees and Speakers
- What is a captive?
- What types are there? What are the distinguishing features?
- Single-Parent Captive
- Risk Retention Group
- Protected Cell Captives or Cell Captives
- With the number of states enacting laws that will allow for captive formation continually increasing, are there ways to avoid confusion by those interested in setting up a captive or re-domesticating?
- What are some of the points to consider when thinking about setting up a captive in an established domicile as opposed to a new domicile?
- Why form one and what are the benefits? When is it a good idea to think about a captive as opposed to traditional insurance?
- Best practices with respect to implementation and operation of a captive
PANEL 1 | 9:20 a.m. – 10:35 a.m.
Peter L. Hartt
Director, Division of Insurance
New Jersey Department of Banking and Insurance
Oklahoma Insurance Department
Ga. Dept. of Insurance
PANEL 2 | 10:35 a.m. – 11:55 a.m.
Michael A. Corbett
Director of Captive Insurance Section
Tennessee Department of Commerce and Insurance
James A. Mills
Chief of Staff, Director of Captive Insurance
Oklahoma Insurance Department
Director of Financial Examination
Washington DC Department of Insurance, Securities and Banking
Moderator of Panels 1 & 2:
- How is each state promoting captives and how to segregate those efforts from regulation?
- Efforts that various states have made to become more flexible and attract formation of captives in their states
- Benefit of becoming a captive domicile
- With an increasing number of captives being formed, how are regulators shouldering their responsibility in terms of giving everything the scrutiny it requires?
- Regulators’ views on the upcoming issues
- Insurance hard and soft market cycles and forecasted trends
- Captive growth continues despite the soft market
- What states are doing better than others in terms of attracting formation of captives and why?
- Latest on fronting arrangements
- Who are the issuing carriers/fronting companies for captives?
- Developments in coverage, claims, and underwriting
- Industry challenges going forward
Networking Lunch for Attendees and Speakers
- The history of IRS Section 831(b) as a response to the insurance crisis of the 70s to the mid-80s – not just to help farm mutuals! A short history lesson in why this important provision of the Code was
created and implemented;
- Tax and legislative updates with regard to small captives: A discussion of new tax court decisions and legislative developments in the last year through now;
- A discussion of best practices in the current climate of owning and managing a small captive: What are best insurance practices and why does every small captive need them? Best captive governance, claims, underwriting, and financial management practices;
- The changing role of the state insurance regulator with regard to small captives in the current climate;
Director, Insurance Sector Finance
ING Bank NV, London Branch
Thomas E. Hampton
Dentons US LLP (former Commissioner for the DC Department of Insurance, Securities and Banking)
- XXX/AXXX reinsurance captives
- How have NAIC’s accreditation standards been developing?
- What is the likely impact of the principlebased reserving on the use of captives?
- What has been the industry response?
- Where is this issue going?
- A look back at some of the employee benefits captives
- What has been the experience so far?
- Did the companies realize the cost savings they originally set out to achieve?
- What do these companies intend to do next?
- How do captives continue to be used to insure employee benefits?
- What areas within employee benefits are most adaptable for captives?
Director of Risk Management
- Current state of the commercial coverage for cyber risk
- Major breach costs
- Can captives effectively/profitably write this type of business?
- How might a captive complement traditional policy?
Conference Adjourns to Day Two