"Business Insurance" Announces 2024 World Captive Forum Speakers

Business Insurance has announced speakers who will participate in its upcoming 2024 World Captive Forum January 24–26 at the JW Marriott Orlando, Grande Lakes Resort in Orlando, Florida.

A number of Captive.com partner service providers, including AXA XL, Hylant, Milliman, Spring Consulting Group, Strategic Risk Solutions, and the Vermont Department of Financial Regulation, will be speaking at the event.

At the pre-conference 101 session, Mike Meehan, principal at Milliman, will kick off the forum with Jeff Kenneson, consultant with Davies Captive Management; Kay Eisenstein, vice president, captives & reinsurance manager at Zurich; and Paul Phillips, partner & global captive network co-leader at EY. This session will focus on the basics of captive insurance, the reasons for captive formation, the different types of captives utilized, the feasibility process and actuarial considerations, and key issues in putting a successful captive program together.

For attendees looking to learn about taking a captive insurance company to the next level, Steve Bauman of AXA XL will discuss how to diversify a captive with employee benefits and other non-traditional risks in the session "Diversifying Risk: 5 Signs You're Ready To Add Employee Benefits to Your Captive." Mr. Bauman will be joined by Julie Nye, regional manager, Americas, for MAXIS GBN, and Erin O'Grady, senior director, global treasury, at Procter and Gamble.

In a session to be hosted in Spanish, "Latam: The Importance of the Feasibility Study & Emerging Risks Driving Growth," Strategic Risk Solutions' Luis Delgado, regional director of Latin America (Latam), will be joined by Lockton's Diego Monsalve, LACIS head of risk consulting & analytics + art solutions, and Jose Martinez, vice president of legacy transactions at Swiss Re, to discuss the importance of a captive feasibility study in assessing the critical steps of a captive formation as well as in understanding how catastrophic risks and modeling play a key role in recent captive formations and inquiries in Latin America.

Of the upcoming session, Mr. Delgado said, "For this year's Latam session at the WCF, we wanted to do something different. We decided to host the session in Spanish in order to attract an audience from the Latam region. Talking to them in their language helps to educate those interested in setting up a captive in the initial stages of the process, helping them to understand the feasibility study, which is the crucial first step of the process, and its importance prior to taking the necessary steps of implementation."

He continued, "There are a number of questions that organizations have to answer internally when the captive concept is discussed. Experts in the insurance industry who prepare the feasibility study are the best answer. We continue to believe that educating the insurance professionals in the region is the best path for captive growth. Freshening up the Latam session will help get the audience engaged, and we hope they'll benefit from it."

Anne Marie Towle, CEO of Global Risk Management & Captive Solutions at Hylant, will speak at another session, "Is it Feasible? A Breakdown of a Captive Feasibility Study," where she will be joined by Greg Kritz, executive vice president of World Insurance Services, Inc., to talk about captive feasibility studies and the importance of laying a captive's foundational strategy when building out an initial business plan. Ms. Towle will also join members of CICA's Amplify Women group, Melissa Hollingsworth, Enterprise Risk Manager for Atlanta Housing; Rae Brown, assistant vice president, Captive Insurance Solutions at GPW and Associates, Inc.; and Amy O'Brien, vice president of carrier practice sales at Gallagher Bassett, for a session on workplace diversity titled, "A Captive Kaleidoscope: Your Captive Through Different Viewpoints."

Also of Hylant, Senior Captive Consultant Alex Gedge will speak with EY Partner & Americas Captive Insurance Services Co-Leader Mikhail Raybshteyn to cover considerations that large global and multinational companies face in the cross-border tax space when forming and operating a captive, including transfer pricing considerations, IPT, and income tax impacts, including payment of claims to cross-border subsidiaries, in the session "Cross Border Tax Considerations and Reorganizations."

In another session, Spring Consulting Group's Prabal Lakhanpal, senior vice president, will uncover emerging risks with Felipe Chacón, Americas regional distribution manager at Zurich.

For a session titled "Off the Shelf Captives," Dan Petterson, director of captive examinations at Vermont's Department of Financial Regulation—Captive Division, will be joined by Michael Domanski, leader of the insurance tax group at Honigman LLP, and Barry White, commercial lead at Artex Risk Solutions North America to go over market innovations that can help organizations switch to a captive solution quickly and enable them to manage down their insurance costs.

Mr. Petterson said of the session, "I'm excited to take the stage with Barry and Mike to provide our audience with some insight on transitioning to the captive space from the commercial space. This session will focus on efficiencies in the captive formation process, particularly for smaller and mid-size companies. We'll also explore some of the reasons the industry is where it's at and how the formation process has evolved to keep pace."

ICCIE CE credit is available for most of the forum sessions. More information is available on the Business Insurance website.