North Carolina Captive Insurance Association

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151 Crest Road
Southern Pines, NC 28387
910-684-8379

2019 NCCIA Conference Agenda

2019 NCCIA Annual Conference Agenda

Updated July 17th

Wednesday, August 21st

9:00 – 10:45
BOARD OF DIRECTORS MEETING
AZALEA

11:00 – 3:00
GOLF TOURNAMENT (Scramble Format)
PROSHOP

12:00 Noon
REGISTRATION OPENS
BALLROOM FOYER

1:00 – 4:00
OPTIONAL SEMINAR
UNION


AN INTRODUCTION TO CAPTIVE INSURANCE AND THE FUNDAMENTALS OF CAPTIVE INSURANCE:
This seminar will explain the basics of captive insurance companies, what they are, their purpose, how they are structured, managed and their advantages, as well as the tax rules surrounding their utilization.

Speakers: Patrick Long, CEO Lumina Benefits; Debbie Walker, Senior Deputy Commissioner Captive Insurance Division NCDOI.

Sponsored By:

berkley logo

3:00 – 5:00
COMMITTEE MEETINGS

Government Affairs, Alex Webb, Chm.
WILLOW MAGNOLIA

2020 Conference Planning, David Littlehale, Chm.
Communications, Scott Bailey, Chm.
AZALEA

3:00 – 5:00
EXHIBIT SET UP
EXHIBIT HALL

5:00 – 6:00
OPENING PLENARY SESSION 
BALLROOMS A & B
Welcome and remarks: Thomas L. Adams, President & CEO, NCCIA

Washington has a continuing infatuation with the captive insurance industry and how it Is taxed. Our opening speaker interacts with the Internal Revenue Service and the tax writing committees on Capitol Hill on a daily basis and will share current governmental thinking about captive industry regulation and standards.

Speaker: Ryan Work, Vice President, Government Relations,
Self-Insurance Institute of America (SIIA)

Sponsored by:

rivess

OPENING RECEPTION 
(Following the Plenary Session)
EXHIBIT HALL
The opening reception gives you your first formal opportunity for networking at the conference. You  will meet exhibitors and other attendees and the  chance to make appointments with others attending the conference for later conversations. Plan to get your picture taken with colleagues and new acquaintances  at the photo booth. What better way to break the ice  than to pose with fun props creating laughs and  memorable photos to share.

Sponsored by:

msi

Thursday, August 22nd

8:00
REGISTRATION OPENS
BALLROOM FOYER

Refreshments Sponsored by:

JL Cover Sheet

9:00 – 10:00
PLENARY SESSION
BALLROOMS A & B

The staff of the NC Department of Insurance Captive Division Staff will present a review of The Department’s findings in 2018, including areas of captive strength and areas that need improvement.

Speakers: Dr. Michelle Osborne, Chief Deputy Commissioner, Debbie Walker, Senior Deputy Commissioner, Captive Insurance Companies Division and the NCDOI Captive Insurance Company Team.
Moderator: Lane Brown III, VP Government Affairs, NCCIA

10:00 – 10:30
BREAK
EXHIBIT HALL

Sponsored By:

captive-planning-associates-300x55

10:30 – 11:30
CONCURRENT SESSIONS A & B

SESSION A
CAROLINA
What makes a great captive Board of Directors?
A number of key questions about how to build the ideal board of directors will be answered by a panel of governance experts.

Speakers: Scott Bailey, Carr Riggs and Ingram; Gary Osborne, Risk Partners And Kevin Doherty, Dixon Wright.
Moderator: David Littlehale; Strategic Risk Solutions

SESSION B
FAIRWAY
Best Practices for Forming and Operating a Captive:
In this session, experienced captive owners, one representing a  single parent captive, and the second a group captive program, along with  an industry captive consultant will share their experience with  captive formations and the ongoing operation of their captives. The session moderator will pose questions to each of the  three panelists which will focus on the lessons they have learned at the various stages of a captive’s lifecycle. Panelists will describe how they chose to address certain situations and how this has led to best practices that they have incorporated into their daily routines. Questions will address the different hurdles encountered by group formation versus single parent captives and cover issues such as building the captive around corporate goals, corporate governance, growing and expanding the captive, and the importance of communication with interested parties. The panel will offer up some suggestions to the audience to help them achieve long term success with their own captive programs through a combination of up-front planning and learning from mistakes.

SPEAKERS: Anne Marie Towle, JLT Insurance  Management; Mike Meehan, Milliman And Jeff Harrison,Grubbs Automotive.
Moderator: Anne Marie Towle

12:00 -1:30
ANNUAL COMMISSIONER’S LUNCHEON
BALLROOMS A & B

Commissioner Mike Causey, Leon Rives, Chairman NCCIA

Sponsored by:

cri

1:45 – 3:00 
CONCURRENT SESSIONS C & D

SESSION C
CAROLINA
Creative Partnership Approaches Between Owners, Managers, and Service Providers:  Put me in coach! 
Having the right talent in place to execute your game plan creates a winning partnership. How the right captive owner, manager and service providers can team up to successfully achieve mission and goals and help the organization thrive.

Speakers: Geoff Still, TABS Insurance; Rob Ramos, JLT Insurance And Soren Hundeboll, Riskville, London, UK.
Moderator: Diana Hardy, Rives & Associates

SESSION D
FAIRWAY
Growing Your Captive with Employee Paid Lines of Coverage
Stakeholders across the company can benefit by offering additional voluntary lines of coverage designed to protect employees from unexpected expenses and financial stress. Coverages such as; critical illness, accident, hospital indemnity, legal, cell phone, electronic product and home warranties—can provide employees much better coverage at a lower cost, when reinsured through a captive insurance company. Premiums are 100% employee-paid, providing the captive profitable third-party premium, diversification, and low risk with minimal effort. We explore the benefits of supplemental employee lines of coverage in a captive and the benefits to the captive, HR, Finance and the employees.

Speakers: Kirk Watkins, Trion Group, Marsh And Bruce Wright, Eversheds Sutherland.
Moderator: Thomas Adams

3:00 – 3:30
BREAK
EXHIBIT HALL

Sponsored By:

srs

3:30 – 4:30
CONCURRENT BREAKOUT SESSIONS E & F

SESSION E
FAIRWAY
Recent and upcoming changes in accounting and tax standards.
We will discuss the pending technical changes but also touch on how these  changes will impact your captive financial statements and regulatory requirements. The discussion will center on: Financial instruments and tax impacts (2016-01, 2018-03, and 2018-13), Credit Losses, Stranded tax (2018-02), Restricted cash (2016-18), Taxation (ASC 740) and Loss disclosure observations and recommendations.

Speakers: Alex Murray, Johnson Lambert; Sarah Stubbs, Johnson Lambert And Troy Winch, Risk Services, LLC
Moderator: TJ Strickland’ Rives & Associates

SESSION F
CAROLINA
Risk managers often wonder, if I already have a TPA who sets case reserves on our claims, why are IBNR reserves necessary? In this session, attendees will hear from a TPA representative, a CPA, and an actuary. The panel will explain the differences between case reserves and IBNR reserves, why each are typically necessary, and how they are calculated. The actuary and TPA representative will discuss how their roles and goals in reserve setting are different and complementary. A CPA will articulate their understanding of a captive’s reserves and their experience in regards to carried reserves on the financials of a captive.

Speakers: Diana Hardy, Rives & Associates; Tracy Maples, Merlinos And Clare Bello Ogden, VCM-LLC, Division of CCMSI
Moderator: Mike Meehan, Milliman

4:15 – 5:15
INDEPENDENT CAPTIVE BOARD MEETING
REGISTRATION DESK

5:45 – 7:45
RECEPTION & DANCE
ROSE GARDEN
The 80’s was a decade full of great dance music, big hair, and bold fashion. “Get into the Groove” and come and join your fellow attendees as we travel back in time and enjoy an evening that will be “like totally awesome”. So break out those Miami Vice inspired suits or your parachute pants, Guess jeans and leg warmers, SWATCH watches, or your fishnet gloves and grab those cans of Aqua Net hair spray off the shelf and get ready to “chill” and dance to some of the most popular music ever recorded at an event that can only be described as both “bodacious” and “fantabulous.” It’s going to be a “Thriller”! Those with the best 80’s themed outfits will be awarded with some “totally righteous prizes”.

Sponsored by:

atlas

Friday, August 23rd

7:00
REGISTRATION OPENS
BALLROOM FOYER

Refreshments Sponsored By:

Refreshments Sponsored By:

montpelierlogo_final-resized-300x45

8:00 – 9:00
CONCURRENT BREAKOUT SESSIONS G & H:

SESSION G
CAROLINA
Captive Compliance
Keeping your captive compliant is key to success in case of an audit or IRS challenge. How do you make sure your captive is bullet proof starts with making sure a captive is set up for the right reasons? Second, the captive needs to stay compliant with all applicable regulations and laws going forward. This session will discuss areas to look at on a frequent basis while your captive is still active so that you are an insurance company.

Speakers: Jeremy Colombik, Management Services International; David Liptz, Liptz & Associates And Leane Rafalko, NC Department of Insurance.
Moderator:John Dohn, Management Services International

SESSION H
FAIRWAY
Medical Stop-Loss in Captives- A guide to types of programs and implementation
To help control employee health costs, a growing number of employers are considering forming a captive or joining a group stop-loss captive for their self-insured medical plans. In order to maximize the advantages of making this shift, employers need to understand the intricacies of structuring a self-insured plan that will position them to save future health costs. They also need to know how to compare various types of available programs in order to select one best suited to meet their goals from a financial, risk management and governance perspective. This session will feature carrier, advisor and a legal perspective on how employers should prepare and position themselves to optimize the upside of involving a captive whether as a single-parent or in a group medical stop-loss program.

Speakers: Jesse Crary, Primmer Piper & Eggleston; James Hoitt, Senior Vice President, Captive Division at Berkley Accident and Health; Michael O’Malley, Managing Director at Strategic Risk Solutions.
Moderator: David Littlehale; Strategic Risk Solutions

9:00 – 9:20
BREAK
EXHIBIT HALL

cic

9:20 – 10:20
CONCURRENT SESSIONS I & J

SESSION I
CAROLINA
Expanding Captive Insurance Risk Taking By Optimizing Commercial Insurance Deductibles
A new methodology for optimizing the relationship between captives and commercial P&C programs. Normally, commercial insurance deductibles are selected on an Ad-Hoc basis, and opportunities for reducing Total Cost of Risk are missed. This new method provides an analytical basis for selecting optimal retention levels, and shifts negotiating power from commercial insurers to buyers. Owners and managers can use these techniques to increase captive risk-taking as well as captive premiums, while saving commercial insurance costs. Captives can use these savings as a way to pay for captive management expenses or other risk management initiatives.

Speakers: John Talley, Risk International; Randall Davis, Delphi Risk Management And Martin Eveleigh, Atlas Insurance Services.
Moderator: Leon Rives, Rives & Associates

SESSION J
FAIRWAY
Recruiting & Staffing Challenges – Insight & Initiatives
Much has been written and discussed in the last year about the “talent crisis” hitting the captive industry and where the personnel will come from to provide future leadership. The expectation is that over the next five years through retirement, natural attrition, and growth in the industry, the captive workforce will require up to a 30% increase in personnel.

Speakers: Mathew W. Brosman, The Strauss Law Firm, Dan Towle, Captive Insurance Companies Association
Moderator: Dan Towle, CICA

10:20 – 10:40
BREAK
EXHIBIT HALL

Sponsored By:

mcgriff

10:40 – 12:00
CLOSING PLENARY
BALLROOMS A & B
Changes in Federal Tax Law & Internal Revenue Service Regulations 2018-19.

Speakers: Bruce Wright, Eversheds Sutherland; Chaz Lavelle, Bingham Greenebaum Doll; Tom Jones, McDermott Will & Emery.

12:00 – 12:05
CLOSING COMMENTS
Thomas Adams, President & CEO