captive insurance - Reinsurance Focus

American Conference Institute presents
CAPTIVE
INSURANCE
Strategies for Effective Risk Management
Risk Management Strategies
from Industry Leaders:
American International Group
Aon Re
Archer Daniels Midland
Integris Health
Marsh
Milliman
Munich Re America
Tillinghast-Towers Perrin
Verizon
Willis
September 26-27, 2007
The Princeton Club New York, NY
Evaluate your exposure and identify coverages that can
be assumed by a captive
Understand the range of captives available and the benefits
offered by each
Locate the most suitable domicile for your captive
Maximize your access to reinsurance through fronting arrangements
Select the right law firm, actuary, fronting company and captive manager
Prepare to sell a plan that includes captives to the management
and Board
Media Partners:
Compare Benefits of Key Domiciles including Vermont,
Bermuda, Delaware, Washington DC and others!
Pre-Conference Primer for Industry Newcomers:
Fundamentals of Captive Insurance
September 26, 2007
EARN
CLE
CREDITS
REGISTER NOW
888-224-2480 • AmericanConference.com/captiveins

Businesses are improving their risk management
programs through the use of captives – is it time to
reevaluate your insurance coverage?
Effective risk management requires a thorough understanding of all your insurance and
reinsurance options. One option that continues to grow in popularity is captive insurance.
While forming a captive may have once been considered an exotic venture, a growing number
of businesses have found that their risk exposure can be better managed with the use of captives. And as
more states realize the benefits of having captives domiciled within their boundaries, risk managers are
presented with an increasingly attractive – and confusing – array of options.
ACI’s Strategic Guide to Captive Insurance will provide you with valuable guidance on the mechanics of
forming a captive insurance company. Experienced industry leaders will provide you with expert
strategies on:
Determining whether a captive would be beneficial for your circumstances
Identifying what coverages could best be assumed by a captive
Finding the most appropriate domicile for your situation
Recognizing what you need from consultants and captive management
In addition, a special Fundamentals of Captive Insurance workshop will provide you with a thorough
understanding of the complex rules and regulations that govern this area of the law. Don’t miss the
opportunity to expand your knowledge through this valuable pre-conference tutorial.
Take this opportunity to get practical, “real life” strategies for dealing with a difficult area. The conference
will fill quickly – register now by calling 1-888-224-2480, or by faxing your registration to 1-877-927-1563.
You can also register online at www.AmericanConference.com/captiveinsurance.
We look forward to seeing you in New York City in September.
Who You
Will Meet
• Risk Managers
• CFOs
• Captive management
• Attorneys specializing in insurance
and reinsurance
• Consultants and actuaries
• Insurance and reinsurance brokers
REGISTER NOW
888-224-2480 • fax: 877-927-1563 • AmericanConference.com/captiveins

Wednesday, September 26, 2007
10:00 Conference Registration
1:00 Conference Chairs’ Opening Remarks
Phil Giovine
Senior Vice President
American International Group (New York, NY)
P. Bruce Wright, Esq.
Partner
LeBoeuf, Lamb, Greene & MacRae LLP (New York, NY)
1:15 Deternining Whether a Captive Will Further Your
Financial and Risk Management Objectives
Bill Wandel
System Vice President, Risk Management
Integris Health (Oklahoma City, OK)
Thomas M. Hermes
Managing Principal
Tillinghast-Towers Perrin (Weatogue, CT)
David Robertson
Managing Director
Willis (Atlanta, GA)
• How to analyze and evaluate business considerations
that may drive your decision:
- cost and availability of commercial insurance
- desire and ability to retain risk
- access to reinsurance market
- tax burden
- control of claims process and overhead costs
• Cost/benefit analysis of commercial insurance versus
captive insurance
• Determining how coverage to place in a captive
2:45 Refreshment Break
3:00 Identifying the Appropriate Captive Structure
Arthur Koritzinsky
Managing Director
Marsh USA Inc. (New York, NY)
• Advantages and disadvantages of:
- pure captives, including single-parent, branch and
special purpose
- group captives, including association, industrial insured
and risk retention groups
- protected cell, separate account and sponsored captives
• Specific issues that may impact your choice of structure:
- capitalization requirements
- investment restrictions
- limitations on types of insurance that can be written
- tax objectives
4:00 Feasibility and Funding: Establishing the
Viability of Your Captive
Joel Chansky
Principal
Milliman, Inc. (Wakefield, MA)
Donald J. Riggin
Practice Leader, Alternative Risk
Albert Risk Management Consultants (Needham, MA)
• What to expect from an actuarial feasibility study –
and what records you will need to provide
• Importance of loss history and prior commercial premiums
• Beyond running the numbers: non-actuarial factors
that can impact feasibility
- legal and operational considerations
- risk management strategy
- long-term business objectives
• Determining what lines of business would be appropriate
for a captive
• Calculating initial capitalization amounts that meet
regulatory requirements – and protect you from
unexpected losses
• Layering: what to fund in the captive versus the
commercial market
• Professionals to include in the decision making process
5:00 Conference Adjourns for the Day
Thursday, September 27, 2007
8:30 Continental Breakfast Q
9:00 Conference Chair Opening Remarks
9:15 Domiciling a Captive: How to Choose
the Appropriate Venue
Dana Sheppard
Associate Commissioner, Risk Finance Bureau
Department of Insurance, Securities and Banking
(Washington, DC)
REGISTER NOW
888-224-2480 • fax: 877-927-1563 • AmericanConference.com/captiveins

CAPTIVE INSURANCE
Derick White
Director of Captive Insurance
Vermont Department of Banking, Insurance, Securities
& Health Care Administration (Montpelier, VT)
William P. White
Captive Insurance Program Administrator
Delaware Insurance Department (Wilmington, DE)
Speaker To Be Announced
Bermuda Monetary Authority (Hamilton, Bermuda)
One of the most crucial steps in the process of setting up
a captive is determining where it should be domiciled.
The number of venues continues to increase and these
domiciles are becoming more aggressive in their quest for
captive insurance business. Why does your choice of venue
make a difference? What considerations can really impact your
business? This panel will feature representatives from leading
domiciles, both within and outside of the United States.
The moderator will engage them in a discussion addressing the
factors you need to consider when selecting a domicile, including:
• Regulatory and business climate
• Existing infrastructure for captives
• Premium tax issues
• Startup and operational costs
• Industry-specific benefits
10:30 Coffee Break Q
10:45 Obtaining Reinsurance Through the
Use of Fronting Arrangements
John E. Iannotti
Executive Vice President
American International Group, Inc. (New York, NY)
• How and why fronting arrangements are being utilized
to reinsure specific lines of business:
- medical malpractice
- construction defect
- commercial automobile
- professional liability
- workers’ compensation
- TRIA
• Meeting collateral requirements
• Current state of the market for fronting arrangements
12:15 Networking Luncheon
1:30 Onshore Versus Offshore: Tax Implications
P. Bruce Wright, Esq.
Partner
LeBoeuf, Lamb, Greene & MacRae LLP (New York, NY)
• Comparisons of onshore and offshore tax consequences
• Deduction for premiums
• State direct procurement taxes
• Review of relevant regulatory and enforcement actions
2:30 Refreshment Break
2:45 Best Practices for Operating a Captive
Michael Scott
Manager of International Insurance
Archer Daniels Midland Company (Decatur, IL)
Sheila Small
Assistant Treasurer – Risk Management and Insurance
Verizon (Basking Ridge, NJ)
• Essentials of running a successful captive
• Director responsibilities when the captive is underway
• Ensuring your board meets reporting requirements
• Supporting evidence that you are pursuing your stated
business objective
• Documenting the underwriting process
• Establishing recordkeeping policies and procedures
• Determining when to fund other coverages not funded
at the time of startup
3:45 Ask the Experts: Q&A on Current
Strategies for Captives
Phil Giovine
Senior Vice President
American International Group (New York, NY)
Gregory Lang
Director of Business Development
Munich Re America (Princeton, NJ)
Michael Scott
Manager of International Insurance
Archer Daniels Midland Company (Decatur, IL)
Bill Wandel
System Vice President, Risk Management
Integris Health (Oklahoma City, OK)
REGISTER NOW
888-224-2480 • fax: 877-927-1563 • AmericanConference.com/captiveins

Strategies for Effective Risk Management
Take advantage of this opportunity to interact with experienced
risk managers, brokers, attorneys, and insurance/reinsurance
professionals. They will discuss some of the latest trends in the
captive insurance industry and will address other topics at your
request. Among the issues raised will be:
• How to sell your plan to use a captive to management
and the Board
• Who should handle supervision of the captive in
your risk management group?
• Placing employee benefit plans in captives
- ERISA v. non-ERISA
- pension plans
5:00 Conference Adjourns
Wednesday, September 26, 2007
9:00 a.m. – 12:00 p.m.
(Registration opens at 8:30 a.m.)
Workshop:
Fundamentals of Captive Insurance
Phil Giovine
Senior Vice President
American International Group (New York, NY)
P. Bruce Wright, Esq.
Partner
LeBoeuf, Lamb, Greene & MacRae LLP (New York, NY)
Single captives, cell captives, reinsurance domiciles…Captive
insurance can be extremely confusing to navigate – especially
for risk managers, treasurers, CFOs and attorneys who are new
to the area. In this special workshop you will get a firm grasp of
the basic of captive insurance and be thoroughly prepared for
the more advanced discussions to follow in the main conference.
Topics will include:
• How a captive operates and why it is utilized
• What kinds of businesses are forming captives
• Types of insurance that are being placed into captives
• Different captive structures and what criteria will determine
your choice of structure
• Domiciles and what impact they have on your captive
• Role of the professionals involved in the creation and
management of a captive
• Legal, regulatory and tax issues you need to be aware
of before forming a captive
Continuing Legal Education Credits
Accreditation will be sought in those jurisdictions requested
by the registrants which have continuing education
requirements. This transitional course is appropriate
for both experienced and newly admitted attorneys.
To request credit, please check the appropriate box on the
Registration Form.
ACI certifies that the activity has been approved for CLE credit
by the New York State Continuing Legal Education Board in the
amount of the 11.0 hours. An additional 3.5 hours will apply to
workshop participation.
ACI certifies that this activity has been approved for CLE credit by
the State Bar of California in the amount of 9.5 hours. An additional
3.0 hours will apply to workshop participation.
Global Sponsorship Opportunities
CLE
CREDITS
ACI, along with our sister organization based in London,
C5 Conferences, works closely with sponsors in order to create
the perfect business development solution catered exclusively to
the needs of any practice group, business line or corporation.
With over 350 conferences in the United States, Europe,
the Commonwealth of Independent States (CIS) and China,
ACI/C5 Conferences provides a diverse portfolio of first-class
events tailored to the senior level executive spanning multiple
industries and geographies.
For more information about this program or our global portfolio
of events, please contact:
Benjamin Greenzweig
Regional Sales Director,
US, Europe, CIS and China,
American Conference Institute/C5 Conferences
(646) 520-2202 • bg@AmericanConference.com
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© American Conference Institute, 2007
REGISTER NOW
888-224-2480 • fax: 877-927-1563 • AmericanConference.com/captiveins

American Conference Institute presents
CAPTIVE
INSURANCE
Strategies for Effective Risk Management
September 26-27, 2007
New York, NY
Pre-Conference Primer for
Industry Newcomers:
Fundamentals of Captive Insurance
September 26, 2007
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782I08.WEB
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THE STRATEGIC GUIDE TO CAPTIVE INSURANCE
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