Events Calendar

Upcoming Events:

October 26, 2022 - VCIA Roadshow, 1-5:45pm, EY US HQ - 1 Manhattan West, New York City, NY Educate Yourself on Captives, Network with Experts, and Earn Professional Credit - Register Today!

December 14, 2022– VCIA Holiday Party – ECHO

December 15, 2022 – Webinar - Captive Taxation

January 18, 2023 – Legislative Day – Montpelier

August 7 – 10, 2023 – VCIA Annual Conference - Doubletree Burlington Vermont

Note on Fees: For roadshows, $35 for VCIA members and $50 for non-members; for webinars, $100 for VCIA members and $150 for non-members - $85/person for 3 or more people from a VCIA member company, $135/person for 3 or more people from a non-member company.

Current Events

9eb4682c-98c3-4004-8943-9bfb1c40afd22022 VCIA New York Roadshow7093c62b-34e9-4efb-9288-75604fb58292<div><font style="" color="black"><font style="" size="2" face="Arial" color="black">Join us for our upcoming regional seminar being held this October in New York City. Registration is open to members and non-members of VCIA. This session 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. If you have any questions or need help registering please contact the VCIA office at <u>info@vcia.com</u></font></font></div><div> </div><div><font style="" color="black"><font style="" size="2" face="Arial" color="black">We hope to see you there! <br></font></font></div><div> </div><div> <font style="" color="black"><font style="" size="2" face="Arial" color="black"><b style="">Location:</b>               EY US HQ - 48th Floor   <b>     <br></b>                               Corner of 9th Ave and 33nd Street                         <br>                           <b>  </b>  1 Manhattan West  </font></font></div><div>                                  <font style="" color="black"><font style="" size="2" face="Arial" color="black">New York, NY  </font></font></div><div>                                <font style="" color="black"><font style="" size="2" face="Arial" color="black"><b>                                     <br>                                                                                               <br>Date:</b>                      October 26th, 2022<br></font></font></div><div>  </div><div><font color="black"><font size="2" face="Arial" color="black"><b>Schedule:              </b>1:00 – 2:30 p.m.<i> Seminar - Part 1 </i><br>                               2:45 – 4:15 p.m. <i>Seminar - Part 2    </i>        <br>                               4:30 – 5:45 p.m. <i>Reception </i><br><b>            </b></font></font></div><div><font color="black"><font size="2" face="Arial" color="black"><b>Title:                      "</b>Strategic Advantages of Captives"</font></font></div><div><font color="black"><font size="2" face="Arial" color="black"><br><b>Description:</b>     </font></font></div><div> </div><div><font color="black"><font size="2" face="Arial" color="black">This session 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. Attendees will gain an understanding of the cost structures associated with captives and the capital requirements. A brief overview of the Vermont domicile will also be discussed.<br> <br>The decision to form a captive insurance company is a very individualized process that reflects the unique needs and interests of that corporation, association or institution. In this seminar, representatives from two different types of captives will share their thought process and experiences. Presenters will also describe the captive climate and regulatory requirements in Vermont, the #1 U.S. domicile.<br> <br>If you have questions regarding captive formation and would like our speakers to discuss them, please forward your questions to VCIA prior to the session via email to: <u>Janice@vcia.com</u>. We will do our best to customize the presentation we have developed to meet any specific inquiry that is received. Any information you can provide that will help us make this session more beneficial for you is welcomed<b>.<br> <br>Who Should Attend:</b>  </font></font></div><div> </div><div><font color="black"><font size="2" face="Arial" color="black">Those who seek insight into captives: <br>·       Executives of companies, associations or institutions considering the formation of a captive;   <br>·       Executives of companies, associations or institutions with captives who wish to update their knowledge or review </font></font></div><div>         <font color="black"><font size="2" face="Arial" color="black">the way in which captives are currently operating and managed.<br> <br><b>Fees:</b>  </font></font></div><div> </div><div><font color="black"><font size="2" face="Arial" color="black">Admission is $35 for VCIA members and $50 for non-members.  </font></font></div><div><b> </b></div><div><font color="black"><font size="2" face="Arial" color="black"><b>Credit: </b><br><b> </b><br>CPE/CLE credit is available for the seminar portions of the Road Show. </font></font></div><div><i><font color="black"><font size="2" face="Arial" color="black">*(ICCIE Credit is NOT available). </font></font> </i></div><div> </div><div><font color="black"><font size="2" face="Arial" color="black"><b>Shipping: </b></font></font></div><div> </div><div><font color="black"><font size="2" face="Arial" color="black">Materials to be sent to the hotel may arrive no earlier than 3 days prior to the event. Material shipped to the hotel for the event should have the following information: </font></font></div><div> </div><div><font color="black"><font size="2" face="Arial" color="black">Janice Valgoi VCIA </font></font></div><div><font color="black"><font size="2" face="Arial" color="black">c/o Mikhail Raybshteyn <br></font></font></div><font style="" color="black"><font style="" size="2" face="Arial" color="black">EY US HQ - 48th Floor   <b>     <br></b></font></font><div><font style="" color="black"><font style="" size="2" face="Arial" color="black">Corner of 9th Ave and 33nd Street                         </font></font></div><div><font style="" color="black"><font style="" size="2" face="Arial" color="black">1 Manhattan West  </font></font></div><div><font style="" color="black"><font style="" size="2" face="Arial" color="black">New York, NY </font></font></div><div> </div><div>*<font style="" color="black"><font style="" size="2" face="Arial" color="black">Contact Number: 516-336-0255<br></font></font></div><font color="black"><div> </div><div> </div><div style="text-align: center; "><span style="font-family: Arial;"><i style="font-size: 10pt;">Vermont Captive Insurance Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.</i></span></div></font>2022-10-26T00:00:00-04:0056f71b6a-9ed0-4537-8dc0-1a086020735f01 - VCIA Seminar Part 1 1:00 - 2:30pm2022-10-26T00:00:00-04:00d916448b-8b30-4ae5-80c3-8b8c637b65a9Sandra A. 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 2022 Captive Review Power 50, which recognizes the most influential professionals in the global captive insurance industry, named Sandy at #9.dffcc0de-db95-4048-a0e1-6ce3f96c0031Christine BrownspeakerChristine Brown is an Assistant Director with the Vermont Department of Financial Regulation – Captive Division, where she directly supports the Director of Captive Insurance and Deputy Commissioner of Captives in licensing, strategic planning, legislative initiatives and industry outreach. 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 MS in Accounting and MBA from Northeastern University, and a BA in Political Science from Regis College.1cfa14ae-9cc3-4b17-981a-868126d72bc2Rocco F. Mancini, ARMspeakerRocco Mancini is a consultant with Marsh’s Captive Advisory Group. Rocco assists clients in the U.S. and globally with the feasibility and organization of single parent captives, as well as risk retention groups and Rent-A-Captives. Rocco also participates in captive strategic reviews for clients that already have captives. Rocco joined Marsh Captive Solutions in 2015. He has successfully assisted clients with determining the feasibility of new captive programs and performing strategic reviews to optimize existing captive programs. Prior to joining Marsh, Rocco was a multinational pooling and captive analyst with MetLife, Inc. Rocco has a BS in Health Care Management from the University of Connecticut and an Associate in Risk Management (ARM).ecb3d49f-54e0-42e9-a82a-4e60b11f41ecKevin 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.b27b9d88-72ad-440b-8875-226fe03fb97fBrittany 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 industries. 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 a MA in Sustainable Development with a concentration in Policy Advocacy & Analysis from SIT Graduate Institute and a BA in Political Science from the University of Vermont.a1005879-23d9-49a3-a940-f8233ef824edMikhail RaybshteynspeakerFor over 17 years, Mikhail has been advising global, multinational and regional Life, Property & Casualty, Health/BCBS, Financial Guarantee and Captive Insurance clients (and Captive Insurance owners). Some of the areas where he has advised clients include all aspects of domestic and global tax accounting and financial reporting (GAAP, IAS and SSAP), Domestic and International tax planning, structuring, and tax financial forecasting and Captive Insurance and alternative risk financing structures. Mikhail is member of EY Global Captive Network and is the Co-Leader of EY Americas Captive Insurance Services, a practice of over 40 professionals in the Americas across tax, consulting, risk, and actuarial service lines that comprise EY's Captive Insurance Services practice. He holds a BBA from Baruch College and an MS from Fordham Gabelli School of Business.e399fa89-d5da-43af-bd0e-1ed287f2f367Michael Serricchio, EsqspeakerMike is a Managing Director in the Captive Solutions Group and resides in Marsh’s New York City and Norwalk, CT offices. He is the Americas Sales and Advisory Leader for the US, Canada and LatAM. Mike leads a large Team of technical sales and advisory colleagues who all assists clients in the U.S.and globally with the feasibility and organization of single parent captives, as well as risk retention groups and Rent-A-Captives. Mike participates in captive strategic reviews for clients that already have captives. Mike is frequently involved with reviewing merger and acquisition transactions where there are one or more captive subsidiaries and advises on various issues. He handles a wide range of consulting services surrounding various captive issues and concerns, such as capitalization levels, new coverages, tax concepts, captive investment opportunities, and cost savings. Mike’s industry focus areas include privately held companies, financial institutions, life sciences, higher education, retail, manufacturing, and power and utilities. Mike speaks at various industry seminars and conferences, as well as conducts training classes within the Marsh Captive Solutions Group. He is a frequent speaker at various industry and insurance conferences. Mike also is influential in preparing the Marsh Captive Solutions Captive Benchmarking publication, which is well known as an industry respected publication. Prior to joining Marsh, Mike was a senior tax associate with KPMG, LLP, a Big 4 accounting firm. During that time Mike was the primary senior associate responsible for legal and tax consulting work, specifically relating to consulting on tax matters for captive insurance companies and commercial insurance companies. Mike graduated with a JD from Western New England College School of Law and University of Connecticut with a dual BA in Criminology and Psychology.822eee4e-cbe7-4421-8015-d28c2ee6053302 - VCIA Seminar Part 2 2:45 - 4:15pm2022-10-26T00:00:00-04:00dfe1ee8f-8bf3-4fa8-80fc-827210a673fdAndrew 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.ad9275b1-e2a3-484a-8237-0b90d54bc207Sandra A. 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 2022 Captive Review Power 50, which recognizes the most influential professionals in the global captive insurance industry, named Sandy at #9.cb71be66-e162-49b3-b50d-ecd3af12b71aJames Bulkowski, CPCUspeakerJames Bulkowski is a senior manager in the Actuarial Group for Ernst & Young based in New York City. Prior to joining Ernst & Young, he held various senior positions at major insurance brokerage firms specializing in large account relationship management, brokerage, and alternative risk transfer vehicles. Mr. Bulkowski has over 20 years experience in various areas including captive design and incorporation, captive utilization and control reviews, program development and implementation, and insurance brokerage operations. He has a Bachelor of Science in Management Science and a Masters of Science in Business Administration from Boston University. He holds the CPCU, ARM, ACI, and AIS designations.1b11ba32-d240-411b-a723-d5cac77bad6eKevin 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.39b6cb48-040c-47a2-b88d-6d52cedb4539Mikhail RaybshteynspeakerFor over 17 years, Mikhail has been advising global, multinational and regional Life, Property & Casualty, Health/BCBS, Financial Guarantee and Captive Insurance clients (and Captive Insurance owners). Some of the areas where he has advised clients include all aspects of domestic and global tax accounting and financial reporting (GAAP, IAS and SSAP), Domestic and International tax planning, structuring, and tax financial forecasting and Captive Insurance and alternative risk financing structures. Mikhail is member of EY Global Captive Network and is the Co-Leader of EY Americas Captive Insurance Services, a practice of over 40 professionals in the Americas across tax, consulting, risk, and actuarial service lines that comprise EY's Captive Insurance Services practice. He holds a BBA from Baruch College and an MS from Fordham Gabelli School of Business.fc83b3a8-c1e2-4582-9e1d-c0d48f6ca758Dianne P. SalterspeakerMs. Salter has over 35 years of experience in the insurance industry. Currently, as President of the Insurance Companies owned jointly by Thomas Jefferson University (TJU) and Main Line Health (MLH), Ms. Salter has overall responsibility for the management and operations of Mountain Laurel Risk Retention Group (MLRRG) and Five Pointe Professional Liability Insurance Company (Five Pointe). She is also responsible for the development and ongoing monitoring of the claims and risk management guidelines/best practices established by the Board of MLRRG for the insureds participating in the program. In addition, she is responsible for the purchasing and administration of all of the property, casualty and management liability (D&O, crime, fiduciary liability and cyber liability) insurance coverages placed for the TJU Enterprise and MLH. Prior to September 2002, she was a Managing Director for Marsh, Philadelphia in the Client Service area. At Marsh, Ms. Salter provided brokerage, risk management consulting, and account management services focusing on large healthcare clients. An area of significant expertise was in the creation of alternative risk financing vehicles (trusts, captives, risk retention groups) for healthcare clients to fund their medical malpractice and general liability losses. Ms. Salter has a BS from the University of Delaware and a MBA in Finance from La Salle University.4c97d4ff-8b58-49f2-b550-c2240fef7d10Michael Serricchio, EsqspeakerMike is a Managing Director in the Captive Solutions Group and resides in Marsh’s New York City and Norwalk, CT offices. He is the Americas Sales and Advisory Leader for the US, Canada and LatAM. Mike leads a large Team of technical sales and advisory colleagues who all assists clients in the U.S.and globally with the feasibility and organization of single parent captives, as well as risk retention groups and Rent-A-Captives. Mike participates in captive strategic reviews for clients that already have captives. Mike is frequently involved with reviewing merger and acquisition transactions where there are one or more captive subsidiaries and advises on various issues. He handles a wide range of consulting services surrounding various captive issues and concerns, such as capitalization levels, new coverages, tax concepts, captive investment opportunities, and cost savings. Mike’s industry focus areas include privately held companies, financial institutions, life sciences, higher education, retail, manufacturing, and power and utilities. Mike speaks at various industry seminars and conferences, as well as conducts training classes within the Marsh Captive Solutions Group. He is a frequent speaker at various industry and insurance conferences. Mike also is influential in preparing the Marsh Captive Solutions Captive Benchmarking publication, which is well known as an industry respected publication. Prior to joining Marsh, Mike was a senior tax associate with KPMG, LLP, a Big 4 accounting firm. During that time Mike was the primary senior associate responsible for legal and tax consulting work, specifically relating to consulting on tax matters for captive insurance companies and commercial insurance companies. Mike graduated with a JD from Western New England College School of Law and University of Connecticut with a dual BA in Criminology and Psychology.c65d3c9b-3800-4e97-9d6e-81c58046707603 - Reception 4:30 - 5:45pm2022-10-26T00:00:00-04:0009bc292f-ea9f-4c34-afe9-2ca17e856633AM Best2cfcba63-b24e-4e84-918c-be490108e85eMarsh Captive Solutionsaefabbab-51c1-4c76-8cbf-c4a92b283353State of Vermont, Department of Economic Development

Events Calendar

About Us • Annual Conference

Current Events

2022 VCIA New York Roadshow