Captives and Construction

 

Recording Date: Tuesday July 16, 2019

Description

Captives play an increasingly important role in managing the complex risks of the construction industry. As project values continue to increase, trades become more specialized, and new risks emerge, the industry has seen increased opportunities for captive utilization. Few sectors of the economy face the volume of project-based risks and web of contracts that are part of everyday life in construction. How are captives responding to this challenge? In this webinar, we will use a panel format to answer this question from several different perspectives.

Topics to be covered include:

  • State of the construction industry & its unique risk management challenges
  • Group captive update & review of usage
  • How pure captive owners in construction are putting their captives to work
  • Utilization of cell captives and specialty programs.

This webinar is suitable for existing and prospective captive owners in the construction industry, as well as anyone looking to understand the practical application of a captive strategy in this industry.

Presenters

David Madison, Senior Consultant, FMI Corporation. As a senior consultant with FMI’s performance practice, David engages clients within the engineering and construction industry in risk management and strategy development to better position firms for stronger performance and increased profitability. Much of his consulting work and expertise revolves around the use of sophisticated insurance tools that offer firms a method of “de-risking” business while creating competitive advantages and adding value. David also spearheads FMI’s captive insurance consulting practice, providing advisory services to clients exploring the potential of leveraging a captive insurance program.

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.

David Littlehale, Director/Regional Manager and Construction Practice Leader, Strategic Risk Solutions, will moderate the webinar. David is based in our Charlotte, North Carolina office, where he leads the firm’s captive management operations in the state. He has 22 years of captive insurance accounting experience including auditing, examining, and managing single parent captives, group captives, and risk retention groups.