Legislative Day

31e8b301-f551-4669-a607-2a692b61c90d2023 VCIA Chicago 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 Chicago. 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>              233 S. Wacker Drive   <b>     <br></b>                               Willis Tower, Floor 18                       <br>                           <b>  </b>  Suite 1800</font></font></div><div>                                  <font style="" color="black"><font style="" size="2" face="Arial" color="black">Chicago, IL, 60606</font></font></div><div>                                <font style="" color="black"><font style="" size="2" face="Arial" color="black"><b>                                     <br>                                                                                               <br>Date:</b>                      October 3rd, 2023<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><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>2023-10-03T00:00:00-04:00cf6af726-ea57-4ffd-8880-51c32f179d7401 - VCIA Seminar Part 1 1:00 - 2:30pm2023-10-03T00:00:00-04:001:00 pmf10bff80-cde8-4740-ae09-1268199cc7d4Sandy 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 2023 Captive Review Power 50, which recognizes the most influential professionals in the global captive insurance industry, named Sandy at #3.edbe462b-d6d1-43ed-991e-c1ab49cb0365Christine BrownspeakerChristine Brown is the Director of Captive Insurance with the Vermont Department of Financial Regulation, where she serves to directly support the Deputy Commissioner of Captive Insurance with strategic planning, legislative initiatives and industry outreach. Christine manages Vermont’s captive regulatory operations, including licensing and monitoring of the financial condition of captive insurers domiciled in Vermont. 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.2050a889-f644-4831-bc71-5040a340d55bEdward S. KoralspeakerEd Koral is a Director with WTW’s Strategic Risk Consulting group. He supports corporate clients with program design and analysis, working with clients to develop bespoke insurance and non-insurance solutions for their unique risk profiles. He has over 35 years of experience with captives and other alternative risk funding programs. Ed joined WTW in 2021, after spending many years with Deloitte Consulting and BDO, as well as a large international brokerage firm. Ed also served briefly as risk manager for a large consumer financial products company, where he managed the operations of two captives. Ed has served VCIA in multiple capacities: as a Board member for six years, and as a conference committee member. Currently, Ed serves on the faculty of the International Center for Captive Insurance Education (ICCIE).b4d66a8e-d95a-49b4-9c63-22dc63835b6dBrittany 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 sectors. 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 an M.A. in Sustainable Development with a concentration in Policy Advocacy & Analysis from SIT Graduate Institute and a B.A. in Political Science from the University of Vermont.fd2bd9c9-466a-4095-9aa7-d917a2e124fdJason Palmer, CPAspeakerWith over 25 years at the firm, Jason’s primary responsibilities include service in all facets of captive consulting and captive management engagements ranging from risk retention groups, group captives and pure captive programs. Throughout his career, Jason has handled a significant portfolio of captive insurance companies (pure and group) with services involving accounting, underwriting and regulatory compliance. He has helped implement many new captive programs in several US captive domiciles. Jason also serves as a member of the Board of Directors and as an Officer of many captive insurance companies. In his current role, Jason is responsible for the US captive management team, serves as project lead on several captive consulting engagements and is the lead client executive on a portfolio of captive insurance companies (pure and group). Jason joined Willis Corroon Management (Vermont), Ltd. after graduating summa cum laude from Champlain College in Burlington, Vermont, with a B.S. in accounting. Jason is a Certified Public Accountant licensed in the State of Vermont and is a member, in good standing, with the American Institute of Certified Public Accountants. Jason is also a licensed property & casualty insurance producer in several US states. He is an active Board of Director member for the Vermont Captive Insurance Association (VCIA) and International Center for Captive Insurance Education (ICCIE).2557a054-a1cc-4a93-b1eb-84cad48cca3402 - VCIA Seminar Part 2 2:45 - 4:30pm2023-10-03T00:00:00-04:002:45 pm898f63b5-8ff1-4fd7-8df4-25bc72fd3045Julie Bordo, JDspeakerJulie Bordo is the CEO and President of PCH, providing liability insurance to over 2,800 long term care facilities in 47 states. As a former litigator and current business counsel and consultant, Julie engages a 360 view when addressing the unique demands of running a risk retention group. As a member of the board of the National Risk Retention Association she chaired NRRA’s Conference in 2018 and 2019. Julie is an avid early adopter of innovation, has lobbied in Washington on behalf of the captive industry and is a passionate speaker on myriad topics vital to the industry. She was named to Captive Review’s 2020 and 2021 Power 50.cac2de6a-f84f-4633-bb40-f1136807c25cKevin 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.4b4f2e12-2fb0-4713-96bc-3cea4af4f283Liz VenhuizenspeakerLiz leads the Risk & Insurance team for a large construction and transportation risk headquartered in the Chicago area. Her team is responsible for managing Ozinga's diverse risk, maintaining its insurance portfolio and supporting the business. This includes contract negotiations, claim management and vendor compliance. She works closely with outside council and directs strategy on complex claims. Started a single parent Captive in Vermont to assist business with advanced Risk Management options. Continues to manage the growth and development of the captive. Liz is a member of the VCIA and also a Professional Member of RIMS the Risk Management Society.0c0b63bb-fe78-49a0-8cd8-72c68685219f03 - Reception 4:30 - 5:45pm2023-10-03T00:00:00-04:004:30 pm9d6c6b77-fe56-43a0-8703-e375b139ac12Gryphon/Revantagea0f5cde6-927e-4f47-841c-bdac686968d6RIMS Chicago Chapterf1f62e23-ad6f-44a3-a0b0-cac71d3c2819State of Vermont, Department of Economic Development71889712-c79a-4ce7-9468-416809a566b7WTW

5d7bcfd0-a1db-40f3-9537-eed546f6a5dc2023 Annual General Meetingd4633129-4be2-4269-9299-61d1591f08aeTo allow maximum attendance and participation for all members, VCIA has moved its AGM into a virtual setting. All members are encouraged to attend the Annual Meeting so that you may be fully informed about the Association’s activities during the past twelve months, as well as the important issues facing the Association during the coming year. You will hear from VCIA President Kevin Mead and Board Chair Tracy, as well as receive VCIA’s financial report. VCIA’s Washington and Montpelier counsel will answer questions on the latest developments in D.C. and in the Vermont capital. Vermont DFR Deputy Commissioner Sandy Bigglestone will close with a State of the Captive Industry, sizing up where it is, and where the industry, broadly and in Vermont, is heading.<br>2023-11-02T00:00:00-04:00Become fully informed about VCIA's activities during the past twelve months, as well as the important issues facing the Association during the coming year. You will hear from VCIA President Kevin Mead and Board Chair Tracy Hassett, as well as receive the VCIA's financial report. VCIA's Washington and Montpelier counsel and VT DFR Deputy Commissioner Sandy Bigglestone will also speak.81dbb085-fe1f-40d4-a214-c789f819cb6601- AGM Part 1 2:00-2:252023-11-02T00:00:00-04:002:00 pmdb895361-c4c6-474f-8f08-643ef868e93bTracy Hassett, SPHRspeakerAs President and CEO of edHEALTH, LLC and its stop-loss captive Educators Health Insurance Exchange, Tracy is also the current Board Chair on the Vermont Captive Insurance Association Board of Directors. Recognizing the financial challenges of schools nationwide, Tracy played a leading role in launching edHEALTH, a consortium of educational institutions coming together to save money on insurance costs and improve the healthcare experience for faculty and staff. Now in its tenth year, edHEALTH continues to grow in member schools under Tracy’s strategy, vision and leadership. Tracy brings a unique strategic perspective to human resources and finance at educational institutions. She’s a self-describing recovering Human Resources Officer, serving 17 years as Vice President of Human Resources at Worcester Polytechnic Institute and past president of Southern New England CUPA (2012-2013). She is an alumna of Roger Williams University and lives in Bristol, RI, with her husband and their two labs.85a3d862-a7b3-4aeb-b6fa-f8402e45f358Kevin 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.60a8ccf5-3e19-4d1d-a556-02164ac10bb702- AGM Part 2 2:25 - 2:552023-11-02T00:00:00-04:002:25 pma1b11c40-767f-45cd-b2b4-bb1ca5a34fedAndrew R. Baillie, AMCT, FCII, FIRMspeakerAndrew 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, and is a VCIA Board member.19492972-d32d-4051-9a45-eb4adff6a890James F. Feehanspeakeraf346746-cf5e-455e-afa5-83ae0db4f1a7Jeffrey Mark Klein, Esq.speakera53783ce-00f5-4bbf-834f-e47d1337356bJames T. McIntyrespeakera075bffa-d9a4-49e2-8115-c70333e3c2fc03- AGM Part 3 3:00 - 3:302023-11-02T00:00:00-04:002:55 pm0809cc77-7a20-43fc-9996-6065ea2c5ec7Sandy 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 2023 Captive Review Power 50, which recognizes the most influential professionals in the global captive insurance industry, named Sandy at #3.

2023 VCIA Chicago Roadshow

2023 Annual General Meeting

Become fully informed about VCIA's activities during the past twelve months, as well as the important issues facing the Association during the coming year. You will hear from VCIA President Kevin Mead and Board Chair Tracy Hassett, as well as receive the VCIA's financial report. VCIA's Washington and Montpelier counsel and VT DFR Deputy Commissioner Sandy Bigglestone will also speak.

VCIA's Flagship Legislative Day in the Vermont Statehouse

Each January, VCIA visits the Vermont Statehouse for our annual Legislative Day. This special event, for VCIA members only, highlights the effective relationship between VCIA and the State's executive and legislative branches.

VCIA's 2023 Legislative Day was a major success!

An exclusive, 8 page report on the day's events is now available to VCIA Members! Join our strength in numbers if you're not a member yet by contacting Janice Valgoi!

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VCIA's 2022 Legislative Day is in the books and was a smash hit! Legislative members praised VCIA and Vermont's captive insurance industry for its continuing growth and economic impact. May 2022 Update: H515 Captive Bill, with VCIA's support, signed into law!

Find out why being a VCIA Member is so valuable with our new Membership Values Document!

Legislative Day

About Us • Annual Conference

2023 VCIA Chicago Roadshow

2023 Annual General Meeting

VCIA's Flagship Legislative Day in the Vermont Statehouse