While captives have traditionally insured the risks of their parent organizations, there is a growing trend to use captives to insure third party business. For managing general agencies, captives represent an effective vehicle to share in the risks of the programs they are underwriting. Agency captives are also supported by the program carriers in aligning interests. In this webinar, we examine the growing trend of agency captives, how they are structured and the benefits of using an agency captive. We will also look at the use of agency captives by insurtechs and other situations of captives formed to underwrite third party risk.
The webinar is suitable for agencies or other entities controlling books of insurance business, as well as anyone interested in understanding the use of captives in program business.
|Jennifer Guidry, Divisional Vice President – Business Development and Marketing at Great American. Jennifer leads Great American’s strategy and execution for the sourcing, due diligence, and onboarding of new program business. She has over 20 years underwriting, sales and management experience in captives and program business as well as small commercial, book consolidation and construction. Jennifer was named one of Insurance Business America’s Elite Women in 2021.|
|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.|