Captives and D&O – Challenges and Opportunities

Date: Wednesday, May 5, 2021
Time: 11:00AM EDT

Description

The commercial insurance market for Directors and Officers liability (D&O) has seen some of the largest premium increases in the commercial market over the past year with capacity also shrinking. Using a captive for D&O though is not straight forward. In this webinar we look at the challenges of captive use for D&O and where it may be viable. Topics covered will include:

  • The state of the commercial market for D&O risk
  • The challenges in insuring D&O in a captive including
    • Conflict of interest and indemnification considerations
    • Premium and capital requirements
    • Fronting and reinsurance support
  • Opportunities for captive use
    • Single parent structures
    • Group captive structures including use in private equity and SPAC settings
    • Short term and run-off situations
  • Regional considerations: US and European differences

This webinar is suitable for existing and prospective captive owners considering using their captives to participate in their D&O program.

Presenters

Colin Kelley, EVP, Head of Liability, Ed Broking (Bermuda). Colin has more than 16 years of underwriting and broking experience in professional and financial lines. Prior to Ed Broking, he was Senior Vice President of Professional Lines at Sompo International in Bermuda. Colin has also held various roles on the Marsh FINPRO teams in both Bermuda and New York

Andy Hulme, Director of Underwriting, Strategic Risk Solutions. Andy has 18 years of underwriting experience and was formerly Chief Underwriting Officer of a large Insurance and Reinsurance group owned by Hochtief, one of the world’s largest construction groups. He has experience across a wide range of traditional and non-traditional (re)insurance products and experience in the UK, European mainland and Bermuda (re)insurance and captive markets.

Russell (Rusty) Young, Shareholder, Director and President, Primmer Piper Eggleston and Cramer PC. Rusty represents and advises single parent and group captives in planning, formation, operation and dissolution. He is particularly familiar with state registration and regulation of Risk Retention Groups and capital, ownership and fronting structures for group captives generally, including reciprocal, mutual, stock and nonprofit organizations.