10 October 2014USA analysis

VCIA session to go back to basics

The Vermont Captive Insurance Association’s Boston road show is set to explore the strategic advantages of captives.

The session, on October 21, 2014, will focus on the basics of captive insurance companies; the reasons for formation, the feasibility process and key issues in putting a successful captive programme together.

Attendees will gain an understanding of the cost structures associated with captives and the capital requirements. A brief overview of the Vermont domicile will also be discussed.

The speakers at the event are: Andy Sargeant, USA Risk Group, Dave Provost, deputy commissioner, captive insurance division, department of financial regulation, State of Vermont, Dan Richard, global rescue, Ellen Varney, Controlled Risk Insurance Company of VT and Michael Crasnick, Elm Insurance Company.

“The decision to form a captive insurance company is a very individualized process that reflects the unique needs and interests of that corporation, association or institution. In this seminar, representatives from two different types of captives will share their thought process and experiences. Presenters will also describe the captive climate and regulatory requirements in Vermont, the number one US domicile,” said the VCIA.

For more details, click here.