- Posted by: Andrew Berry
- Category: upcoming webinars
Recording Date: Wednesday, May 20, 2020
With the commercial insurance market hardening and uncertainty surrounding insurance capacity after Covid-19, many organizations are asking whether a captive could be an option to consider. In this webinar we look at several key questions that need to be answered before committing to a full feasibility study. These questions include:
- Am I big enough to support my own captive?
- Is my loss experience good enough?
- Do I have sufficient risk distribution to qualify as an insurance company for tax purposes?
- How much capital do I need?
- Will I still need commercial insurance to support the captive?
- If a single parent captive isn’t viable, what other captive options are there?
This webinar is suitable for anyone in the early stages of considering forming a captive insurance company as well as insurance brokers and service providers advising on captives as an alternative to traditional insurance programs.
Michael O’Malley, Managing Director, Strategic Risk Solutions. Mike leads Strategic Risk Solutions’ consulting practice providing feasibility studies, financial analysis and strategic reviews for single parent, cell and group captive programs. He has over 20 years’ captive consulting experience and has been at the forefront of some of the industry’s major innovations including the first DOL approval to insure employee benefits in captives and the creation of the world’s first series LLC captive.
Eric Williams, Director, Cover Rossiter. Eric is the Principal in Charge of the Captive Audit Group in Cover & Rossiter’s Audit department. He has over 15 years’ auditing experience and holds a CPA license in the State of Delaware. Eric has been recognized by the Delaware Business Times as one of Delaware’s 40 under 40 in Business and is an active member of the Delaware Captive Insurance Association’s Legislative Committee.
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.