Subject to change

Monday, January 28, 2013

8:00 a.m. – 2:00 p.m. Golf Tournament
9:00 a.m. – 3:00 p.m. Registration

10:00 a.m. – 3:00 p.m. Exhibitor Check-in and Set Up

3:00 p.m. – 5:00 p.m. Pre-Conference Sessions
Captives—The Framework Issues
Learn about the captive insurer's life cycle, including when important decisions must be made to take the next step, who makes the call and what information is required. Real world examples will be presented to illustrate basic framework issues for existing captives, including tax and regulatory issues, domicile developments, and the growth of cell captives and producer-owned captives. This session also will present an overview of some of the advanced issues currently facing captive owners, such as fronting requirements, taxation, capital adequacy and regulation "creep."

Nick Dove, R&Q Quest Management Services Ltd.
Hugh Rosenbaum, Towers Watson
Angela Walitt, Baker & McKenzie LLP
William McMahon, Fleetwood Liquidation Trust

Understanding Benefits Basics
Hear a three-part introduction to captives and benefit plans from speakers who will share their practical experience in this area. The session will explore: How to assess whether captive use is a good idea for your company; how to foster greater collaboration between HR and finance; and how to build the business case for captives in your benefits program.

Mitchell Cole and Debbie Liebeskind, Towers Watson
Peter Bandarenko, Prudential Financial Inc.
Jody Duhaime, General Motors Corp.
Gavin Foggon, Marsh Management Services
Don Meyers, Caterpillar Inc.
Marco Giacomelli, Generali Employee Benefits

Captive Owners Forum
A session for captive owners only, in which major concerns and success stories will be shared and discussed behind closed doors among peers. The session aims to address the needs of a broad spectrum of owners, from large multinational captive owners to regional group captives, and from new captive owners to those with multiple captives. Gain useful insights to captive challenges, market developments and communicating with senior management.

Henry Good, Global SIRC LLC

 5:30 p.m. – 7:00 p.m. Opening Reception

Tuesday, January 29, 2013

7:30 a.m. – 6:30 p.m. Registration
7:30 a.m. – 9:00 a.m. Breakfast with Exhibitors

9:00 a.m. – 9:15 a.m. World Captive Forum Award of Excellence Presentation
Conference welcome followed by presentation of WCF Award of Excellence to The Coca-Cola Company
Paul Winston, Business Insurance
Michael Lusk, Archer Daniels Midland
Accepting on behalf of The Coca-Cola Company: Stacy Apter and Laurie Solomon

9:15 a.m. – 10:15 a.m. Keynote Speaker: Peter Eastwood, President & Chief Executive Officer of the Americas for AIG Property Casualty

10:30 a.m. – 11:45 p.m. Breakout Sessions:

Property/Casualty: Regulatory and Tax Issues in Today's Environment
An in-depth review of current U.S., European and Latin American captive regulatory and tax issues is the main theme of this session. These include an update on Solvency II from the European point of view - inside and outside the EU - and its implications for captive management. A presentation on U.S. tax issues will be expanded to include taxation issues of importance to captives operating in several countries, with some Latin American examples and a word about transfer pricing. Also included will be insights into the activities of U.S. federal regulators, the NAIC, and state reactions to Dodd-Frank regulatory concerns.

Jon Harkavy, Risk Services LLC
Gerald J. Hayes, Baker & McKenzie LLP
Dominic Wheatley, Willis

Benefits: Captives & Benefits—A Global View
The hard realities of individual country regulations, local business practices and available insurance markets make reinsuring multinational benefit programs a challenge. Insurance networks and captive practitioners will explore their top picks of local challenges and how they've been effectively addressed. Session participants will be encouraged to contribute their own concerns with an opportunity to use the panel as a resource for real-time problem solving.

Michael Broomhead, Towers Watson
Marco Giacomelli, Generali Employee Benefits
Jim Long, MetLife Multinational Solutions
Michael Lusk, Archer Daniels Midland
Marc Reinhardt, Generali Employee Benefits
Laurie Solomon, The Coca-Cola Company
Brad Viessman, The 3M Co.
Lance Henderson, Zurich

12:00 p.m. – 1:00 p.m. Lunch

1:15 p.m. – 2:30 p.m. Breakout Sessions:

Property/Casualty: Cell Captives—Growth & Innovations
Come to this session to find out about the growth of cell captive structures for many different applications. New approaches to cell structures, such as SPCs in Delaware and the transformation of captives into cells in Europe under Solvency II will be covered, along with commentary from a major group cell captive owner on recent issues and developments. Cells and their structures are a growth area for new formations in recent years, so this session will allow participants to find out if their knowledge and use of cells is state of the art.

Rodd Zolkos, Business Insurance
Justin Mead, R&Q Quest Management Services Ltd.
John T. Hernick, Xcel Energy
Alan Craig, Campbells, Attorney-at-Law

Benefits: Pensions in Captives
This session will explore the behind-the-scenes story of why and how The Coca-Cola Company has used its captive for reinsuring pensions. Important insights will also be shared by Coca-Cola's pension insurer, CNP Assurances S.A., a French insurer.

Mitchell Cole, Towers Watson
Stacy Apter, The Coca-Cola Company
Yann Illouz, CNP Europe Life Ltd.
Marie-Helene Mata, CNP Europe Life Ltd.

Fundamentals: What Do Ratings Really Mean?
Getting a captive rated has its advantages and this session will explore the why and how of a rating agency review of captives. Also learn about rating agency perspectives on the influence of captive reinsurance on fronting company ratings—what do they really mean? And what changes are developing in the agencies' opinion of captives' own risk assessment, and their attitude towards the influence of shareholders' credit ratings?

Hugh Rosenbaum, Towers Watson
Nick Dranchak, A.M. Best Co.
Keith Buckley, Fitch Ratings

2:30 p.m. – 3:00 p.m. Refreshment Break

3:00 p.m. – 4:15 p.m. Breakout Sessions:

Property/Casualty: Reinsurance & Fronting: Who is serving captives today?
A panel of experts featuring a broker and fronting insurer will deliver real-world insights into market conditions and capacity for captive owners. They will also address such questions as: What are the regulatory constraints affecting these markets? What are the capital constraints? What can be offered in terms of coverage enhancements? And what does the marketplace hold for captives in 2013 and beyond?

Greg Lang, Reinsurance and Isurance Network, LLC
Nelson Telemaco, AIG
Michael Woodroffe, Kirkway International Ltd.

Benefits: Global Medical Trends and Benefits Captives
Participants will learn the results of Towers Watson’s latest global medical trend survey and receive copies of the survey. Hear what companies are doing to address rising medical costs via data collection, claims management and risk control. This session will focus on the practical nuts and bolts of how companies migrate from no control to greater control—the key to employee engagement, absenteeism, and productivity.

Francis Coleman, Towers Watson
Stacy Apter, The Coca-Cola Company
Eric Butler, Generali Employee Benefits
Bill Fitzpatrick, DHL GBS (UK) Ltd.
Mandi Veil, Metlife

Fundamentals: New to a captive?
Identify common stumbling blocks and how to successfully overcome them with expert advice in this session. Learn the key issues involved in starting a captive, joining one, or continuing one that has had a bad year. Captive owners will share experiences in surviving the soft insurance market, how to avoid organizational resistance to captives, and more. This interactive session will allow delegates to benchmark their experiences with our panelists.

Bob Gagliardi, AIG
Gus Reyes, Hanover Stone Partners LLP
Colin Donovan, STICO Mutual Insurance Company, RRG
Dave Osborn, Physicians Liability Insurance Co.

4:30 p.m. – 5:30 p.m. Roundtable Discussions (Select one per 30 minute session)

   Roundtable 1 – Latin American Captive Issues
    Moderators: Paul Obolensky, AIG; Nelson Telemaco, AIG; Gabriel Holschneider, Rainmaker Group

   Roundtable 2 – Trade Credit Risk in Captives
    Moderator: Lois Fuchs, Honeywell International Inc.

   Roundtable 3 – Employee Benefits in Captives
    Moderators: Debbie Liebeskind and Mitchell Cole, Towers Watson

   Roundtable 4 – Tax Concerns
    Moderators: P. Bruce Wright, Sutherland Asbill & Brennan LLP; Angela Walitt, Baker & McKenzie, LLP

   Roundtable 5 – What About Investments? 
    Moderators: Claude Parenteau, Parenteau Associates, and Weston Tompkins, Towers Watson

   Roundtable 6 – Small Captive Issues
    Moderator: Ken Kotch, Ryan Captive Insurance Services

   Roundtable 7 – Collateral Enhancements
    Moderator: Laurent Dignat, BNP Paribas

   Roundtable 8 –Captive Exit Strategies
    Moderator: Tim Riddell, Randall & Quilter

   Roundtable 9 –Healthcare Provider Captive Issues
   Moderators: Sandra Boillot, Ascension Health, and John Lochner, Towers Watson

6:00 p.m. – 7:00 p.m. Reception with Exhibitors

Wednesday, January 30, 2013

7:30 a.m. – 1:30 p.m. Registration

7:30 a.m. – 9:00 a.m. Breakfast with Exhibitors

9:15 a.m. — 10:15 a.m. Keynote Speaker: John J. Hampton, Professor of Business, St. Peter's College

10:30 a.m. – 11:45 p.m. Breakout Sessions:

Property/Casualty: C-Suite View of Captives
C-suite executives will discuss the strategic importance of captive programs to their overall business, and talk about why they take an active interest in their companies' captive programs, offering insights to captive owners that wish to communicate the value of captives to senior management. Hear about financial measures that matter to these executives, the value they see in a captive, and what kind of results they expect.

Paul Winston, Business Insurance
John Alberici, Alberici Construction
Ray Young, Archer Daniels Midland

Benefits: Investing for Long-Tail Business
Captives have historically insured and reinsured lines of business with relatively short to modest duration. Now that captives are expanding into employee benefits, do the same investment strategies apply? If not, what type of strategy should be considered and what are the return implications? How do these strategies differ from commercial insurers' own investments and should they? Speakers will share their insights from both the investment community as well as from the perspective of the Investment Committee of a captive.

Zohaib Rathore, Towers Watson
Craig Gardner, Prudential Financial
Don Meyers, Caterpillar Inc.
Weston Tompkins, Towers Watson

Fundamentals: Domiciles—Onshore, Offshore or Both?
Captive owners with multiple captives will discuss the relative merits of having more than one domicile, and the relative merits of offshore and onshore domiciles. "Compare and contrast" will be the format for the panel and the audience. The subject of regulatory examinations compared to "visits" from regulators is central to this discussion. How does a captive owner with captives both onshore and offshore view the cost and effectiveness of regulatory oversight? Why have a captive onshore vs. offshore? Latin American delegates will hear a single-domicile owner from Latin America provide insights into how they chose their domicile.

Moderator: Hugh Rosenbaum, Towers Watson

Brady Young, Strategic Risk Solutions
Art Koritzinsky, Marsh

12:00 p.m. – 1:00 p.m. Lunch

1:00 p.m. – 1:30 p.m. Dessert With Exhibitors

1:30 p.m. — 2:45 p.m. General Session: Hot Topics — Don't Get Burned
This session will review hot topics in captive insurance with the aim of ensuring attendees gain the information they need to stay current and not get burned. Urgent topics include serious challenges to captive owners from state premium tax developments, reputational risk developments, the risk of financial meltdown, and other topics suggested by delegates via email and social media in advance of the conference.

P. Bruce Wright, Sutherland Asbill & Brennan LLP

3:00 p.m. – 4:30 p.m. General Session: Captive Case Studies
Presentation of "best practices" in captive insurance is the goal of the World Captive Forum's annual selection of three case studies. This year a healthcare system captive case study will interest all captive owners who have faced mergers of captives. A master cell case study will reveal some of the insights into using cells for advanced risk financing, and a case study by the WCF Award of Excellence winner will show the new ways that captive insurance programs are being used to finance benefits as well as general risks—of all kinds. Delegates will hear from leading risk professionals who will share details of their captives' formation, uses and innovations and how they handled potential obstacles along the way to their success.

Hugh Rosenbaum, Towers Watson
Sandra Boillot, Ascension Health
John T. Hernick, Xcel Energy
Stacy Apter and Laurie Solomon, The Coca-Cola Company

4:30 p.m. – 5:15 p.m. Closing Session: The Art of Negotiation

Geoffrey Michael, professional writer and communications consultant.

5:15 p.m.  Closing Comments


Presentations from the 2012 event are available for download. Contact the WCF office at info@worldcaptiveforum.com if you attended the event and did not receive a link to download the presentations

© 2012 World Captive Forum, Inc.