Understanding Fronting and Collateral Needs

Recording Date: Wednesday, June 24, 2020

Description

For many captives, a key driver of feasibility and success is the availability of affordable fronting services and managing the collateral required in these arrangements. In this webinar we will explore the need for fronting and collateral and what is important in a fronting relationship. Specific topics covered will include:

  • Why captives need a front and for what coverages?
  • The market for fronting
  • Why is collateral needed?
    • Understanding the regulatory requirements
  • What are typical collateral requirements?
    • How much collateral is required, including stacking of collateral across underwriting years?
    • How long is collateral held?
    • What are acceptable forms of collateral?
  • Best practices for a successful fronting relationship

This webinar is suitable for existing captive owners and any prospective captive owner looking to better understand the need for fronting and collateral requirements imposed on captives.

Presenters

Jesse Olsen, Director, Strategic Risk Solutions.  Jesse is responsible for delivering the firm’s captive consulting services primarily in the central United States including conducting feasibility studies, supporting implementation, and guiding redomestications. He is a certified Captive 360° facilitator, helping clients develop and execute strategic plans to maximize utilization of their captives. Jesse has been in the risk financing and captive consulting since 2006. Prior to insurance, he was in the investment banking industry.

Paul Carleton, Senior Vice President Old Republic Risk Management. Paul is a member of the executive team at Old Republic Risk Management, responsible for the day-to-day management of account executives and is involved with all aspects of client service. Paul joined Old Republic Risk Management in 2009 and has over 20 years of alternative risk and captive experience.

Derick White, Managing Director of Corporate Governance and Regulation for Strategic Risk Solutions will moderate the webinar.  Derick has 30 years of insurance experience from the auditing, regulatory and management sides and is the former Deputy Commissioner of Insurance for Vermont.