The North Carolina Captive Insurance Association has reported record numbers for its annual conference last week. Participation at the event, cancelled in 2020 due to the pandemic, was up by more than 20% on previous years, with 220 joining the NCCIA at the Golf Club in Durham, North Carolina.
Tom Adams, president of the NCCIA, said increasing attendance was driven by the “increasing dominance of the North Carolina domicile” and surge in the number of captive owners but also the desire for in-person meetings.
“While we do not think virtual meetings will go away, they just cannot compete with an in-person experience.”
Attendees heard from a wide range of speakers, including CIC Insurance Services president Sean King on his battle with the IRS over micro-captive transactions and fears of retaliation. Other speakers included Mike Causey, North Carolina commissioner of insurance and Leane Rafalko, chief captive analysts for the NC Department of Insurance, as well as a range of captives managers and experts.
NCCIA, Annual Conference, Captive Insurance, Insurance, Reinsurance, Tom Adams, Sean King, Mike Causey, Leane Rafalko, North America