Day 1 - Monday, May 2, 2016

7:20
Conference Registration and Continental Breakfast for Attendees and Speakers
7:55
Welcoming Remarks by Conference Chairs
8:00
The Basics of Captives and Risk Retention Groups
9:10
Break
9:20
View from State Regulators and Officials on the Latest Issues in Today’s Environment
11:50
Break
11:55
State of the Captive Market: Insurance Hard and Soft Market Cycles and Forecasted Trends; Proliferation of US Captive Domiciles; Fronting Arrangements; Developments in Coverage, Claims, and Underwriting; and Industry Challenges Going Forward
1:00
Networking Lunch for Attendees and Speakers
2:00
Enterprise Risk Captives: The Past, the Present, and the Future
3:05
Life Insurance and Captives: Special Purpose Vehicles for Life Insurers, Regulatory Concerns, and Impact of the Principle-Based Reserving on the Use of Captives
4:00
Break
4:10
Employee Benefit Captives: What Has Been the Success so far and How Do Captives Continue to Be Used to Insure Employee Benefits?
5:05
Covering Cyber in a Captive Program: Does It Make Sense to Get a Captive to Help?
6:00
Conference Adjourns to Day Two

Day 2 - Tuesday, May 3, 2016

7:30
Continental Breakfast
8:00
Tax Update: Recent Developments, Cases, and What’s in the Pipeline
9:00
New and Emerging Risks and Regions: Top Ten Global Risks and What Are Some of the New and Emerging Regions as well as Types of Coverages for Which Captives Are Being Used?
9:55
Break
10:05
The Healthcare Captive: Insuring Medical Stop-Loss Through a Captive and What Has Been the Insurance Market as well as Medical Providers’ Response to the Changes Effected by the Affordable Care Act?
11:00
Continuing Trends in Compliance and Regulation: An Update on What Is Taking Place Nationally and Internationally from a Regulatory as well as from a Compliance Standpoint and Will Captive Insurance Companies Continue to Have Access to
11:55
Captives in Run-Off or Insolvency
12:45
Conference Ends

Day 1 - Monday, May 2, 2016

7:20
Conference Registration and Continental Breakfast for Attendees and Speakers
7:55
Welcoming Remarks by Conference Chairs

Robert Gagliardi
Senior Vice President, Director of Captive Management
AIG

Geoffrey Etherington
Partner
Locke Lord LLP

8:00
The Basics of Captives and Risk Retention Groups

John R. Capasso
President & CEO
Captive Planning Associates, LLC

Simon Kilpatrick
President
Advantage Insurance Management (USA) LLC

Thomas Stewart
President
Innovative Captive Strategies, Inc.

Davis H. Smith
Shareholder
Gilpin Givhan, PC

Keith Langlands CPA
Co-Managing Member
Synergy Insurance LLC

  • What is a captive?
  • What types are there? What are the distinguishing features?
    • Single-Parent Captive
    • Group/Association
    • 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

9:10
Break
9:20
View from State Regulators and Officials on the Latest Issues in Today’s Environment

PANEL 1 | 9:20 a.m. – 10:35 a.m.

Peter L. Hartt
Director, Division of Insurance
New Jersey Department of Banking and Insurance

John Doak
Commissioner
Oklahoma Insurance Department

Mark Ossi
Chief Examiner
Ga. Dept. of Insurance

Karen Weldin Stewart
Commissioner
Delaware Department of Insurance

Dr. Marcelo Ramella
Deputy Director, Financial Stability Department
Bermuda Monetary Authority

PANEL 2 | 10:35 a.m. – 11:55 a.m.

David Snowball
Director, Captive Insurance
Utah Insurance Department

Michael A. Corbett
Director of Captive Insurance Section
Tennessee Department of Commerce and Insurance

Robert Alan Wake
General Counsel
Maine Bureau of Insurance

James A. Mills
Chief of Staff, Director of Captive Insurance
Oklahoma Insurance Department

Sean O’Donnell
Director of Financial Examination
Washington DC Department of Insurance, Securities and Banking

Moderator of Panels 1 & 2:

Lawrence R. Hamilton
Partner
Mayer Brown LLP

  • 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

11:50
Break
11:55
State of the Captive Market: Insurance Hard and Soft Market Cycles and Forecasted Trends; Proliferation of US Captive Domiciles; Fronting Arrangements; Developments in Coverage, Claims, and Underwriting; and Industry Challenges Going Forward

Leslie C. Boughner
Chairman
Advantage Insurance Management (USA) L.L.C.

Rick Eldridge
President & CEO
The Intuitive Companies

Steven R. Bauman
Senior Vice President, Head of Captive Services
Zurich

Kevin M. Doherty
Partner
Nelson Mullins Riley & Scarborough LLP

  • 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

1:00
Networking Lunch for Attendees and Speakers
2:00
Enterprise Risk Captives: The Past, the Present, and the Future

Frederick E. Turner
Founder
Active Captive Management, LLC

Dana Hentges Sheridan
General Counsel and Chief Compliance Officer
Active Captive Management, LLC

Charles J. (Chaz) Lavelle
Partner
Bingham Greenebaum Doll LLP

Jeffrey K. Simpson
Director
Gordon, Fournaris & Mammarella

  • 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;

3:05
Life Insurance and Captives: Special Purpose Vehicles for Life Insurers, Regulatory Concerns, and Impact of the Principle-Based Reserving on the Use of Captives

Paul Galpin
Director, Insurance Sector Finance
ING Bank NV, London Branch

Thomas E. Hampton
Senior Advisor
Dentons US LLP (former Commissioner for the DC Department of Insurance, Securities and Banking)

Hugh T. McCormick
Partner
Duane Morris LLP

  • 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?

4:00
Break
4:10
Employee Benefit Captives: What Has Been the Success so far and How Do Captives Continue to Be Used to Insure Employee Benefits?

William Pauls
Partner
Sutherland Asbill & Brennan LLP

Chris Mandel RF, CPCU, ARM-E
SVP, Strategic Solutions; Sedgwick, Inc.
Director; the Sedgwick Institute

Peter J. Bandarenko
Head of New Market Development/Sr. Consultant
Spring Consulting Group, LLC

  • 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?

5:05
Covering Cyber in a Captive Program: Does It Make Sense to Get a Captive to Help?

Bill Fealey
Director of Risk Management
Dover Corporation

Michael Serricchio
Senior Vice President
Marsh Captive Solutions

Joseph T. Holahan
Of Counsel
Morris, Manning & Martin, LLP

  • 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?

6:00
Conference Adjourns to Day Two

Day 2 - Tuesday, May 3, 2016

7:30
Continental Breakfast
8:00
Tax Update: Recent Developments, Cases, and What’s in the Pipeline

Timothy K. Collins
Director, Captive Insurance
Ryan, LLC

Thomas M. Jones
Partner
McDermott Will & Emery LLP

Gary Bowers
Partner
Johnson Lambert LLP

F. Hale Stewart JD, LLM

The Law Office of Hale Stewart

  • Recent tax developments
  • Tax related litigation, actions, fines
    • Rent-A-Center v. IRS
    • Securitas Holdings v. IRS
    • R.V.I. Guaranty Co. v. IRS
    • Validus Reinsurance v. U.S.
    • Cases to watch
      • Avrahami v. Commissioner
      • Feedback Ins. Co. v. Commissioner
  • Future tax related issues
  • Alien tax issues

9:00
New and Emerging Risks and Regions: Top Ten Global Risks and What Are Some of the New and Emerging Regions as well as Types of Coverages for Which Captives Are Being Used?

Brian Johnson ACAS, MAAA, ARM
CEO
Bartlett Actuarial Group, Ltd.

Huhnsik Chung
Partner
Baker & McKenzie LLP

Barry Leigh Weissman
Shareholder
Carlton Fields Jorden Burt

  • What are the top ten global risks (e.g., cyber risks, drones, terrorism, fracking, sinkholes, Bakken oil)
  • What are some of the innovative ways for using captives?
  • New industries and/or associations using captives
  • From which of the emerging risks might one benefit the most by writing into a captive and for which should one avoid doing the same?
  • Where is the most growth in captives coming from?
    • Latin America, China/Asia, Africa, India, Middle East, EU

9:55
Break
10:05
The Healthcare Captive: Insuring Medical Stop-Loss Through a Captive and What Has Been the Insurance Market as well as Medical Providers’ Response to the Changes Effected by the Affordable Care Act?

Robert Gagliardi
Senior Vice President, Director of Captive Management
AIG

Melissa A. Hancock
Regional Manager
Strategic Risk Solutions

Kathleen Birrane
Of Counsel
DLA Piper LLP

  • Special considerations on formation and capitalization
  • How are hospital captives and physician-oriented captives adapting to mass consolidation?
  • How did the Affordable Care Act change circumstances?
    • What is different from the physicians’ perspective?
    • What is different from insurers’ perspective?
  • Medical stop-loss insurance placed through a captive
    • How to structure it? How does medical stop-loss plan work in comparison to a fully insured plan?
    • Is this a true 3rd party risk? Is the insured a company or individual employees?
    • How much risk should be placed in a captive?
    • What is an appropriate premium for a captive to charge?

11:00
Continuing Trends in Compliance and Regulation: An Update on What Is Taking Place Nationally and Internationally from a Regulatory as well as from a Compliance Standpoint and Will Captive Insurance Companies Continue to Have Access to

William P. White
Managing Principal
Acuity Strategic Consulting

Geoffrey Etherington
Partner
Locke Lord LLP

  • Increased scrutiny by NAIC
    • Will NAIC be focusing on captive industry more generally?
    • Credit for reinsurance
  • Increased scrutiny by Federal Insurance Office
  • International Association of Insurance Supervisors’ increasing interest in captive insurance
    • What are the implications of international regulatory oversight on regulation of US captives?
  • Membership in the Federal Home Loan Banking System
    • What does this mean?
    • Why are captive insurance companies interested in becoming members and why is there a concern about their doing it?

​Membership in the Federal Home Loan Banking System?

11:55
Captives in Run-Off or Insolvency

James Veach
Partner
Mound Cotton Wollan & Greengrass

Andrew Rothseid
Principal
RunOff Re.Solve LLC

  • What happens when a captive starts to fail?
  • Where are the run-off captives?
  • Moving liabilities into other captives or off the captives’ balance sheet
  • Captives that are subject to formal US liquidation proceedings

12:45
Conference Ends