2012 PROGRAM SCHEDULE
Monday, January 30
8:00 a.m. – 2:00 p.m. Golf Tournament (Click here for more information)
9:00 a.m. – 7:00 p.m. Registration
10:00 a.m. – 5:30 p.m. Exhibit Lounge Set Up
10:00 a.m. - 12:00 p.m. Captive Insurance Information Session for Closely-Held Companies (* Optional session - advanced registration and additional fee required)
An educational session for executives of family-owned or closely-held businesses who:
- Want to find out how captive insurance programs could enhance their business
- Know about captives, but want to learn how to take advantage of new opportunities and innovations
- Use a captive insurance structure but want insights into best practices and success stories from other captive owners
Presenters:
Jason Flaxbeard, Beecher Carlson
Lynn McGuire, Crowe Horwath
Patrick Theriault, Strategic Risk Solutions
Click here for more information.
3:00 p.m. – 5:00 p.m. Pre-Conference Workshop – Essentials of Captives - 2012
The "whys" and "hows" of decision-making for starting a captive will be addressed by a panel of experts; including a practitioner who has been through the process.
Although captive insurance is a well-known self-insurance alternative, this session will also review the relevance of the main reasons for captives for newcomers as well as old hands. It includes the current thinking on incorporating employee benefits into existing captives and the elements of tax issues and their significance to owners and service providers. This “super-summary” will concentrate on the key aspects of captive formation and expansion that owners, service providers, and regulators ought to be aware of; touching on updates and developments in the captive insurance business area.
Presenters:
Nick Dove, R&Q Quest Management Services LLC
Charles Lavelle, Bingham Greenebaum Doll LLC
Debbie Liebeskind, Towers Watson
Hugh Rosenbaum, Towers Watson
3:00 p.m. – 5:00 p.m. Captive Owners Solution Sharing
This session is for captive owners only and will be of specific interest to owners of larger captives. The interactive format will bring out topics and issues of interest to all captive owners, however. Selected captive owners will give a snapshot of their captive and then there will be a discussion on topics of critical interest. The delegates themselves will decide which topics to discuss. These topics and issues may include:
- Risk retention as a function of the captive’s capital.
- Risk management (AKA “ERM”) for captives. What it is and who does it? The board? Who is on the board?
- Risk modelling: what it is and who does it? How is output used and by whom?
- Financing and collateral – investment techniques and use of alternative guarantees that really work.
- Cost of compliance: how much increase in regulatory compliance burden and costs are anticipated over the next three years?
- How is captive management governance monitored? By Whom?
- The best answer to the CEO’s question: What value is your captive adding to our business?
Moderated by experienced practitioners of multinational captives, this session will prove to be of special interest to those who are looking for a comparison of how owners of other captives are handling the bigger issues.
Moderators:
Henry Good, Global SIRC LLC
Jeff Triplette, Triplette Advisors LLC
5:30 p.m. – 7:00 p.m. Opening Reception
Tuesday, January 31
7:30 a.m. – 6:30 p.m. Registration
7:30 a.m. – 8:50 a.m. Breakfast with Exhibitors
9:15 a.m. – 10:15 a.m. Keynote Speaker: Joseph J. Plumeri, Willis Group Holdings
10:15 a.m. – 10:45 a.m. Refreshment Break Sponsored by Prudential Financial, Inc.
10:45 a.m. – 12:00 pm Breakout Sessions:
Track 1: Benefits: Using Benefit Captives to Manage Global Medical Risk
This session will identify the trends in global medical costs; describe how to use a captive to aggregate medical data and find cross-border solutions; and discuss how to overcome challenges in working with private medical insurance markets around the world to collect basic census and claims data that employers need to manage risk. An EB captive consultant will moderate a discussion with an owner of a mature benefits captive and a global health insurer that provides services to captives.
Moderator: Kathleen Waslov, Willis Group Holdings plc
Speakers:
Eric Butler, Generali Employee Benefits
Bill Fitzpatrick, DHL-Deutsche Post
Track 2: General: Captive Governance: The Right People; the Right Board
A case study of a captive that used the board and its committees to make the changes that had to be made in order to help it survive and grow in a soft market. An important message for all board members and their advisors.
Moderator: Dan Towle, State of Vermont
Speakers:
John O'Brien, Independent Consultant/Attorney
Lewis Sharps, M.D., F.A.C.S. of PPIX
12:00 pm– 1:20 p.m. Luncheon with Exhibitors
1:30 p.m. – 2:30 p.m. Breakout Sessions:
Track 1: Benefits: Fronting & Reinsurance, "The Dirty Little Secrets"
A panel of insurers will explore their role and capacity. They will also address such questions as: What are the regulatory constraints? What are the capital constraints? What can be offered in terms of benefit enhancements? What does the marketplace look like?
Moderator: Mitchell Cole, Towers Watson
Speakers:
Peter Bandarenko, Prudential Financial, Inc.
Jody Duhaime, General Motors
Jim Long, Alico Global Benefits Market
Track 2: General: Market Update
How to deal with fronting companies on the one hand and the availability of reinsurance, on the other. This session explores both in-depth, naming names, and discussing the real numbers.
Moderator: Nick Frost, R&Q Quest Management Services Limited
Speakers:
Brian First, Sparta Insurance Co.
Michael Woodroffe, Kirkway International Ltd.
2:30 p.m. – 3:00 p.m. Refreshment Break
Roundtable 1 – Healthcare Captive Issues
Moderators: Janeanne Lubin-Szafranski, Saint Raphael Healthcare System, Inc. and John Lochner, Towers Watson
Practitioners, captive owners, and expert advisors will discuss the emerging trends for 2012 (including U.S. healthcare reform and its implications for captives), along with the perceptions and realities of new exposures, new claims, and the new structures for healthcare captives.
Roundtable 2 – Emerging Risks
Moderator: Arthur Koritzinsky and Gary Lynch, Marsh's Captive Solutions Group
Reinsurers as well as captive owners are constantly on the lookout for new sources of claims and losses. Cyber attacks, social networking problems, supply chain risks, intellectual property and the new risks from emerging economies in the Far East will be among the topics experts will discuss with roundtable participants.
Roundtable 3 – Benefits in Captives
Moderator: Debbie Liebeskind, Towers Watson
The top issues for 2012, from enhancing the benefit enhancements to medical benefits reinsured to captives will be among the topics at this roundtable.
Roundtable 4 – Tax Concerns
Moderator: Charles Lavelle, Bingham Greenebaum Doll LLC and Gary Bowers, Johnson Lambert & Co. LLP
The up-to-the minute U.S. issues and situations developing for captive owners, both for-profit and not-for-profit owners, will be discussed in interactive format by WCF’s experts. Delegates will have the opportunity to question the experts as well as test out positions and ideas.
Roundtable 5 – Cell Discussion & How-to
Moderator: Greg Lang and Steve Nordstrom, Universal Risk Intermediaries, INC.
Instead of the usual show-and-tell, this roundtable will concentrate on explaining what’s behind typical structures; including views on 831(b) and serial LLC structures, fronters’ and reinsurers’ views of cells, and their use in employee benefits.
Roundtable 6 – Hot Topix
Moderator: Bruce Wright, Dewey & LeBoeuf LLP and Joel Chansky, Milliman
Always one of the more popular tables at WCF. As financial and last-minute news unfolds, WCF’s experts will review the implications with delegates who bring their concerns and new ideas to the discussion as well.
Roundtable 7 – Investments and Asset Management
Moderator: Claude Parenteau, Parenteau Associates, LLC and Marc Leestma, The Home Care Group, C.P.
Collateral, insurance trusts, and the realities of the low-interest environment will be discussed by practitioners and advisors. Delegates will be able to compare their investment profiles with those of other captives.
Roundtable 8 – Regional/International (Please let us know what country/region/language you are interested in)
Moderator: Gabriel Rueda, Rueda and Barrera
The regional and national concerns of captives operating in South America will be covered in the three sessions of this roundtable.
5:00 p.m. – 6:30 p.m. Reception with Exhibitors
Wednesday, February 1
7:30 a.m. – 5:00 p.m. Registration
7:30 a.m. – 8:15 a.m. Breakfast with Exhibitors
8:15 a.m. - 9:45 a.m. Urgent Session: Reputation...The Next Disaster?
Serious threats to a company go far beyond property/casualty, even Human Resource exposures. In the new world of "transparency" we must be ready to talk about formerly "unspeakable" risks.
Speakers:
Henry Good, Past Risk Manager, Rohm and Haas
Jeff Triplette, Past Risk Manager, Duke Energy
Panel of concerned experts: Primary insurer, legal advisor, etc.
9:45 a.m. – 10:00 a.m. Refreshment Break
10:00 a.m. – 10:45 a.m. Keynote Speaker: Clyde Wardle, HSBC Securities (USA) Inc.
10:45 a.m. – 11:00 a.m. Break
11:00 a.m. – 12:00 p.m. Speed Networking (Click here for more information)
12:00 p.m. – 12:50 p.m. Luncheon with Exhibitors
1:00 p.m. – 2:00 p.m. Breakout Sessions
Track 1: Benefits/General: Taxation - The Main Issues for General and Benefit Programs
Experienced counsel will discuss the IRS position of what constitutes third party business and whether employee benefits meet the test.
Moderator: Les Boughner, Willis Group Holdings
Speakers:
Brian Berglund, Bryan Cave LLP
Bruce Wright, Dewey & LeBoeuf LLP
Track 2: General: Onshore/Offshore
The domicile of a captive makes a lot of difference. So does the combination of having one of each, because there are real advantages for captive owners of all kinds. There have been almost no neutral forums where the pros and cons have been openly discussed – until this session.
Moderator: David Taylor, R&Q Quest Management Services Limited
Speakers:
Tim Faries, Appleby Global Group Services
Kirk Mooneyham, Wilmington Trust
2:00 p.m. – 2:15 p.m. Refreshment Break
2:15 p.m. – 3:15 p.m. Breakout Sessions
Track 1: Benefits: Captive Management for Benefit Captives, "It's More Than Accounting"
Experienced captive managers will discuss the actual administration, communication, and on-going management of a captive following approval for use with group life and disability programs. This session will show what needs to be done and best practices for getting it done.
Moderator: Mitchell Cole, Towers Watson
Speakers:
Paul Berkemeier, The Coca-Cola Company
Lorraine Stack, Marsh Management Services
Brady Young, Strategic Risk Solutions (Cayman) Ltd.
Track 2: General: U.S. Regulatory and Solvency II Updates
The continuing saga of Federal regulation – healthcare and insurance regulation and the activity of the NAIC - will be contrasted with the ongoing development of Europe’s Solvency II regulation; on which facts and figures will be used to describe its impact on captives.
Moderator: Rodd Zolkos, Business Insurance
Speakers:
Sarah Goddard, DIMA
Robert “Skip” Myers, Morris, Manning & Martin, LLP
3:15 p.m. – 3:30 pm Refreshment Break
3:30 p.m. – 5:00 p.m. General Session: Case Studies
Moderator: Hugh Rosenbaum
Speakers:
Michael Lusk, Archer Daniels Midland Company
Steve Nordstrom, Universal Risk Intermediaries, Inc.
PPIX - Transition from RRG to Reciprocal
Lewis Sharps, M.D., F.A.C.S. of PPIX
3:30 p.m. – 5:30 p.m. Exhibitor Teardown
5:00 p.m. – 5:45 p.m. Closing Session
Speaker: Jeff Triplette, NFL Referee
As a frequent speaker and long-time participant at the WCF, Jeff brings a wealth of experience in managing risks and captives to the speaker’s lectern. But he also serves as an NFL referee, and is a retired colonel with the Army Reserve and North Carolina National Guard. Despite the variety in these roles, Jeff will explore how the challenges of being an NFL official are no different from the challenges audience members face in their business and personal lives.
5:45 p.m. Closing Comments
