North Carolina Captive Insurance Association

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151 Crest Road
Southern Pines, NC 28387

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2021 NCCIA Conference Schedule

2021 Conference Agenda

SUNDAY, AUGUST 29

All Day

Arrivals

6:00pm

Board of Directors and Committee Members

(Invitation Only)

Location: The Rotunda

MONDAY, AUGUST 30

All Day

Arrivals

9:00am                                                                   

Registration Opens

Coffee & Tea

Location: Presidents Gallery

Sponsored by

Government Affairs Committee

Location: Governors

Communications Committee

Location: Trinity

10:00am                                                                        

Board of Directors

Location: Holloway

11:00am                                                                                               

Golf Tournament; Scramble
Sponsored by
Oxford Risk Management Group – North Carolina Captive Insurance Association

Location: Pro Shop

1:00pm                                                                              

An Introduction to Captive Insurance and The Fundamentals of Captive Insurance

Location: Ambassador Duke

Understanding the basics of a captive insurance company is an important aspect of investigating whether a captive is beneficial to an organization. Join this session to have all your questions answered regarding the fundamentals of captive insurance.

Speakers: Anne Marie Towle, Hylant; Leane Rafalko, NCDOI; Amy Mailloux, First Horizon Bank

Sponsored by

1:30pm

2022 Annual Conference Planning Committee

Location: Matlock

Captive Owners Forum

The Forum is designed as a program within a program especially for captive owners and their direct employees focused on three key areas of captive ownership in  North Carolina.
Sponsored by
 

12:00pm

Luncheon

(Forum Attendees Only)

Location: Ambassador

1:00pm                                            

Captive Owners Forum Session 1.

Location: Ambassador

Governance for the Captive Owner

The structural heart of any organization is the quality of its management and an appropriate foundation in operating principles. Proper governance, effectively and continuously applied and maintained, will assure that the organization succeeds in its goals. Learn the best governance practices and strategies for your captive.

Panelists: Alex Webb, Webb & Morton; Jeremy Colombik, Management Services International

Moderator: Lea Riddle, McGriff

2:00pm                                                            

Coffee Break

Location: Ambassador Gallery

2:30pm

Captive Owners Forum Session 2.

Location: Ambassador

Lifecycle of a Captive Insurance Company

In this session, the panel will walk through an engaging case study following a captive from an idea to formation. Highlighted will be the operations of a captive through different real-life scenarios including developing, maintaining, expanding, and even closing your captive program.

Panelists: Mathew Amodeo, OSP RE; Rob Van Epps, The Actuarial Advantage; Diana Hardy, RH CPA’s; Adam Forstot, Marsh & McLennan Agency

Moderator: Leon Rives, RH CPA’s

3:45pm

Captive Owners Forum Session 3.

Location: Ambassador

An Introduction to the NC Department of Insurance & The NC Captive Insurance Association

Since the concept of North Carolina becoming a captive insurance domicile began in 2013 the NCDOI and the NCCIA have forged a close working relationship. The two entities had a unique ability from the earliest days to come together on a vision for the domicile and later how to promote both the concept of captive insurance and the North Carolina domicile. The panelists will review the history, explain the relationship and project joint activity into the future and why your involvement in the domiciles continued success is critical to the health of your company.

Speakers: Debbie Walker, Senior Deputy Commissioner, Captive’s Division, NCDOI; Thomas Adams, President & CEO, NCCIA

5:00pm

Opening Plenary Session

Location: Presidents Ballroom

Sponsored by

Opening Remarks: Thomas Adams, President & CEO, NCCIA

Awards Presentation: Matt Holycross, Chair

Panel: Internal Revenue Service v. CIC Insurance Services.

For the past three years the captive insurance industry has been focused on litigation between CIC Insurance Services and the Internal Revenue Service. In December that case reached the US Supreme Court when oral arguments were presented to the Court. A panel Consisting of the President of CIC, the lead attorney for the company and the attorney who drafted the industry amicus brief for the state domiciles will discuss the case and it’s ramifications for the industry.

Speakers: Sean King, President CIC Insurance Services; Adam Weber, Elliott Faulkner; and Kevin Doherty, Dickinson Wright

Moderator: R Lane Brown III, Consultant, NCCIA

6:15pm – End of the Plenary Session

Opening Reception and Exhibition Hall Opens

Location: Presidents Gallery

Sponsored by

TUESDAY, AUGUST 31

8:00am

Registration Opens

Location: Presidents Gallery

Coffee

Sponsored by

9:00am

Second Plenary Session

Location: Presidents Ballroom

The NC Department of Insurance Overview

There is much excitement within NCDOI of the expected Premium Tax Holiday for Captives that redomicile to North Carolina from other locations. The Senior Deputy Commissioner of the Department’s Captive Division and her staff will unveil a streamlined process for redomestication to the domicile. Additional their will be an overview of challenges faced by captives and the department and fixes to the processes going forward.

Panelists: Debbie Walker, Senior Deputy Commissioner Captive’s Division and Senior Staff, NCDOI

Moderator: Alex Webb, NCCIA Government Affairs Chair

10:00am

Coffee Break

Location: Presidents Gallery

Sponsored by 

10:30am

Concurrent Session A.

Location: Presidents 3

Bringing it Home: Redomiciling Your Captive

Sometimes there is no place like home for your captive’s domicile. A desire to move may be rooted in FET tax, self-procurement taxes, reduced compliance initiatives or lower travel burdens.  How do you move your company from another state or country home to North Carolina?  In this session we’ll discuss the experience of Brisk Insurance Company who successfully moved their company from Bermuda to North Carolina.  The session will look at the reasons it might make sense, the process from an insurance and legal perspective and the overall results, both positive and negative, that came as a result of the move.

Panelists: Bob Bernatchez, Brisk Insurance Company; Dennis Silvia, Davies Captive Management; and Alex Webb, Webb & Morton

Moderator: Mike Meehan, Milliman

Concurrent Session B.

Location: Ambassador

Developing the Next Generation of Captive Professionals

This session will be a dynamic discussion, focusing on two important initiatives in the captive industry – NextGen and Amplify Women – and how captive organizations and professionals can benefit from and support these important initiatives.

Panelists: Diana Hardy, RH CPA’s; Anjanette Fowler, PNC & Member CICA Amplify Task Force

Moderator: Dan Towle, President CICA

11:45am

Concurrent Session C.

Location: Presidents 3

The Office of the Future or Not?

Business experience during the Covid Pandemic has resulted in many employees working from home. Others have found themselves working from their offices part time and from home on some days. Business travel has been greatly reduced. Our panelists will peer into the future and share what we may expect from the physical workplace in the near to mid-term.

Panelists: David Fuge, Johnson Lambert; Douglas Copeland, Furnitureland Contracts; Peggy Collette, McGriff

Moderator: Rosa Garcia, Management Services International

Concurrent Session D.

Location: Ambassador

Absorbing Accounting Changes For Captives

Through the tumult of the last 18 months, accounting and financial reporting rules have quietly continued to evolve as well.  Join us for a summary of the changes we have absorbed over the last twelve months, changes occurring now, and for thoughts on what to expect going forward.

Panelists: Hartley Hartman, Johnson Lambert; Scott Bailey Carr Riggs & Ingram; T.J. Strickland, Strickland Hardee CPA’s

1:00pm

Annual Commissioner’s Luncheon

Sponsored by

Location: Presidents Ballroom

North Carolina Insurance Commissioner Mike Causey

NC Captive Insurance Association Chair Matt Holycross

2:30pm

Concurrent Session E.

Location: Presidents 3

Best Practices For Owning & Operating A Captive

In this session, a captive owner, a captive manager, and an actuary will share some of their experiences with captive formations and the ongoing operation of captives.  The discussion will focus on the lessons they have learned at the various stages of a captive’s lifecycle and identify some best practices that can help lead to the long-term success of a captive.

Panelists: Anne Marie Towle, Hylant; Mike Meehan, Milliman; Jeff Harrison, Grubbs Automotive

Concurrent Session F.

Location: Ambassador

Role of The Carrier Involved With Group Medical Stop Loss Captives: Does the insurer matter?

The use of group medical stop loss captives by small and mid-size self-funded employers continues to flourish despite the increased emergence of high cost claimants and the FDA approval of new gene therapy drugs.  Understanding the risk and how to mitigate costly claims is imperative in order for the participating employers and programs to avoid pitfalls.  Therefore, the role of the stop loss carrier can have a major impact on a program’s success. During this session we will look at self-funding and the medical stop loss market today, factors such as underwriting and cost containment, and considerations when selecting the right carrier for a group medical stop loss program (there’s no one size fits all). We will conclude the session with case studies of how stop loss carriers can have a positive impact on program results.

Panelists: James Hoitt, Berkley Accident & Health; Wendy Dine, Strategic Risk Solutions; Dominic Franchini, Horan

Moderator: David Littlehale; Strategic Risk Solutions

3:30pm

Coffee Break

Location: Presidents Gallery

Sponsored by

4:00pm

Concurrent Session G.    

Location: Presidents 3

Investment Vehicles For Captive Insurance Portfolios

The choice of vehicles in which captives may invest is as varied as the types of captives themselves. The speaker will present an overview of options that may serve captives well in the current investment climate.

Panelists: Carl Terzer, Captive Advisor Associates

Concurrent Session H.

Location: Ambassador

Emerging Cyber Risks

Join us while we explore trends in cyber risk and commercial coverage and what this means for captive owners today and going forward.  SSA Peter J. Ahearn, Jr. will discuss current cyber threats and developments observed by the FBI, along with steps to mitigate and when to engage law enforcement.  In light of the current environment can captives be both a target and response tool?

Panelists: Aaron Hillebrandt, Pinnacle Actuaries, Patrick Theriault, Strategic Risk Solutions; Peter J. Ahearn, Jr., Special Agent, Federal Bureau of Investigation

Moderator: Meghan Brown, Merlinos and Associates

6:00pm – End of the Plenary Session

Evening Reception

Location: Presidents Terrace

Twilight in Carolina. Soft southern breezes, freshly prepared goodies await. North Carolina’s finest D.J. and NCCIA favorite King Curtiss will warm us up and then give way for the sounds of the famous Sand Band from Pinehurst NC, all on the lovely Terrace of the Washington Duke.

Sponsored by


Wednesday, September 1

8:00am

Registration Opens

Location: Presidents Gallery

Coffee

Sponsored by

8:45am

Third Plenary Session

Location: Presidents Ballroom

Industry Advocacy

In recent years the captive industry has faced challenges from regulatory intrusions by the IRS, legislation on Capitol Hill, the state legislatures and the courts. This panel will focus on the efforts of trade associations to represent the industry in those forums.

Panelists: Martin Eveleigh, Atlas Insurance Management; John Capasso, Captive Planning Associates; Kevin Doherty, Dickinson Wright

9:45am

Coffee Break

Location: Presidents Gallery

Sponsored by

10:15am

Fourth Plenary Session

Location: Presidents Ballroom

The Captive Insurance World View Today

Brady Young, President and CEO of Strategic Risk Solutions, will be sharing his expertise during the plenary session. We will take a look at the impact of current events on the global captive insurance industry.

Panelists: Brady Young, Strategic Risk Solutions, President & CEO

11:30am           

Final Plenary Session

Location: Presidents Ballroom

Annual Legal & Regulatory Update 

Our annual closing panel of legal experts will review key legal cases and regulatory developments affecting the captive insurance industry.

Speakers: Bruce Wright, Eversheds Sutherland; Chaz Lavelle, Bingham Greenbaum Doll

12:45pm

Closing Remarks, Adjournment

Location: Presidents Ballroom

Thomas Adams