Annual Conference Session Details

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05. Setting Up a New Captive Program (Basic)

Date: 2021-08-10T00:00:00-04:00 Time: 11:45am-12:35pm

Learning objectives: Session attendees will leave being able to:
- Cite some critical aspects of captive formation
- Describe potential pitfalls that can occur during captive set up and how to effectively avoid them
- Identify key attributes of developing long-term partnerships with a captive's service providers
- Implement best practices for establishing a successful captive 
 

Level: Basic

Prerequisite: None
Field of Study: Specialized Knowledge

Coordinator: Sandi Prescott, Performa USA

 
Are you in need of some guidance on how to establish a successful captive program? Join us for this informative discussion covering topics from initial conversations to licensing. Through an interactive discussion, our panel will address concerns commonly posed during captive formation and will offer real-life examples of the process as experienced by experts in the industry. The session will explore many aspects of captive formation, including the actuarial/feasibility study, the appropriate captive structure, balancing risk philosophy and tolerance with reinsurance, domicile selection and partnering with the right service providers to meet the unique needs of each captive.

 

1 NASBA CPE/VT CLE/CRE CREDIT

Scheduled Speakers:

Nada Jandrich

Nada Jandrich is Director of Corporate Risk and Insurance for Cook Group Incorporated. Cook is a privately-held medical device manufacturer that produces over 14,000 products and manufactures on 3 continents. Cook Group Incorporated invents, manugactures and delivers a unique portfolio of medical devices to the healthcare systems of the world. Serving patients is a privilege and they demand the highest standards of quality, ethics and services in all that they do. The core Cook Medical business has grown to offer products for minimally invasive treatments across almost every system of the body, in nearly all areas of the hospital, and around the globe.

Michael C. Meehan, CRM, CIC

Mike is a Principal with Milliman, Inc. and has over 25 years of experience working with captive insurance companies and other alternative risk financing programs. Mike is an active participant in the captive industry and is a frequent speaker and author on captives and alternative risk financing. Mike is an active member on numerous captive domicile association committees, is a Board member of the NCCIA, and is also a former Board member and Treasurer of the VCIA. Mike has been named to Captive Review’s Power 50 annually since 2016.

Anne Marie Towle, CPA

A veteran of the captive insurance industry, Anne Marie Towle leads the Global Captive Solutions team at Hylant. She has over 25 years of experience with diverse projects and has worked with captives and other alternative risk transfer vehicles in many key onshore and offshore domiciles. Prior to joining Hylant, Anne Marie was an Executive Vice President with JLT, and formerly a Senior Consultant with Willis Towers Watson for over 7 years. Anne Marie also spent time as a Senior Manager in public accounting and 10 years in taxation, where she provided consultancy services to captive owners. Anne Marie managed client projects through feasibility and implementation processes in structuring captives and manage their accounting and tax compliance functions. Before that, for over 6 years, Anne Marie worked in private industry in the insurance tax departments of several Fortune 500 insurance and financial institution companies. Throughout her career, Anne Marie has been closely involved in captive insurance organizations at the local, state and national level. She serves on the Board of Directors for the Vermont Captive Insurance Association (VCIA), Vice-Chair for the North Carolina Captive Insurance Association (NCCIA), and the International Center for Captive Insurance Education (ICCIE); the curriculum committee for ICCIE and an instructor for ICCIE courses; and the conference committees of the (2017 Chair) VCIA, Captive Insurance Companies Association (CICA), World Captive Forum (WCF) and the South Carolina Captive Insurance Association (SCCIA). Anne Maire graduated from Western Michigan University with a B.B.A. in Accountancy and a minor in International Business. She is a certified public accountant and she holds a property & casualty brokerage license.