Theme: Connecticut Captives Rising
Date: Thursday, September 12, 2024
Time: 1:00pm – 7:00pm
Location: UCONN School of Law, Hartford CT | Starr Reading Room

CTCIA hosted Connecticut’s premier captive insurance event, the 2024 CTCIA Collaborative: Connecticut Captives Rising, on September 12th at UConn School of Law in Hartford, CT. Leaders in the captive insurance industry discussed timely trends in the captive industry.

Key topics included:

• Parametric solutions for climate related risk management
• Financial asset & investment management via a captive policy
• Connecticut captive insurance legislation reforms
• Connecticut’s economic development outlook

Theme: Connecticut Captives Rising
Date: Thursday, September 12, 2024
Time: 1:00pm – 7:00pm
Location: UCONN School of Law, Hartford CT | Starr Reading Room

CTCIA hosted Connecticut’s premier captive insurance event, the 2024 CTCIA Collaborative: Connecticut Captives Rising, on September 12th at UConn School of Law in Hartford, CT. Leaders in the captive insurance industry discussed timely trends in the captive industry.

Key topics included:

• Parametric solutions for climate related risk management
• Financial asset & investment management via a captive policy
• Connecticut captive insurance legislation reforms
• Connecticut’s economic development outlook

Agenda:

1:00-1:15 PM | Introductory & Welcoming Remarks

Featuring:

• PJ Cimini, CTCIA President
• Jared Kosky, Deputy Commissioner, Connecticut Insurance Department
• Fenhua Liu, Assistant Deputy Commissioner of Captive Insurance, Connecticut Insurance Department

1:15-2:00 PM | Keynote Address

• Jim Penders, Head Coach of the UConn Men’s Baseball Team

2:00-2:30 PM | Panel I: Climate Change & Parametric Solutions

Climate change is at the forefront of many conversations in the business world – especially those surrounding insurance and risk management. While commercial insurance policies for climate-related risk can be expensive and limited in scope, captive insurance policies designed with parametric solutions often encompass more for a lower cost. This discussion will explore the versatility and advantages of parametric solutions for insuring climate-related risks.

Featuring:

• (Moderator) Joseph MacDougald, Professor-in-Residence, UConn School of Law and Executive Director, Center for Energy and Environmental Law
• Alex Korb, Head of Parametric Insurance Practice, ICEYE
• Nick Bradley, Vice President of Parametric Solutions, Marsh

2:30-3:00 PM | Panel II: Investment & Financial Management

The “Investment and Financial Management” discussion will provide an overview of captive investments, the working relationship between captive and investment managers, and the unique financial benefits that can result.

Featuring:

• Jack Meskunas, Executive Director-Investments, Oppenheimer
• John Traynor, President, Cambridge Trust Wealth Management of Connecticut
• Ron Roth, President & CEO, National Network of Accountants

3:00-3:30 PM | Coffee Networking Break

Sponsored by CT IFS

3:30-4:00 | Panel III: Connecticut Captive Insurance Legislation Reforms

Connecticut’s business-friendly insurance environment, bolstered by a strong in-state workforce, continues to establish itself as one of the top captive locations in the world. During this year’s legislative discussion, attendees will hear from key legislators about Connecticut’s recent captive insurance reforms and how they reaffirm Connecticut’s competitive edge as a top choice domicile.

Featuring:

• (Moderator) PJ Cimini, President, CTCIA
• Tom Delnicki, Connecticut State Representative
• Tammy Nuccio, Connecticut State Representative
• Kerry Wood, Connecticut State Representative

4:00-4:30 PM | Panel IV: CT Economic Development Outlook 

From tax benefits to a business-friendly regulatory environment, there are lots of reasons why more than 75 captive insurance companies are domiciled in Connecticut. In the “CT Economic Development Outlook” discussion, attendees will hear firsthand from local captive professionals as they outline Connecticut’s economic development plans and how they will benefit captive entities!

Featuring:

• (Moderator) John Ferrara, Managing Director, Advisory, Crowe
• Susan Winkler, Vice President and Executive Director, Connecticut Insurance and Financial Services (CT IFS)
• Fenhua Liu, Assistant Deputy Commissioner of Captive Insurance, Connecticut Insurance Department
• Wyatt Bosworth, Associate Council, CBIA

4:30-5:00 PM | Closing Remarks

The self-proclaimed “Aaron Lewis of Insurance,” Chris is an experienced insurance professional and captivating speaker. Don’t miss the opportunity to hear from him firsthand at the Collaborative!

Featuring:

• Chris Paradiso, Independent Insurance Agent & Insurance Marketing Expert, Paradiso Financial and Insurance Services

5:00-7:00 PM | Networking Cocktail Reception

Sponsored by Capitol Strategies Group LLC

Date: Wednesday, August 13, 2024
Time: 5:30pm – 7:30pm
Location: Pascolo Ristorante, Burlington, VT

Attendees had the opportunity to network with CT based insurance professionals at Pascolo Ristorante.

Date: Monday, May 20, 2024
Time: 3:00pm – 5:00pm
Location: KPMG Boston Offices
Two Financial Center
60 South Street
Boston, MA 02111

CTCIA is on the move! Guests joined us in Boston for our first stop on our Connecticut Captive Insurance Association Tour.

Who Attended?

• Business owners, executives of companies, associations or institutions considering the formation of a captive
• Captive professionals who want to learn about the “CT Advantage”
• College students and professors interested in learning about this growing insurance industry (students/faculty attend for free!)

Featured speakers:

• Fenhua Liu of the Captive Division of the Connecticut Insurance Department
• Chris Gallo of CIC Services
• Connecticut State Representative Kerry Wood
• Wyatt Bosworth of CBIA
• Sarah Pisacich of KPMG LLP

Together, they explored the following topics:

• Captive insurance policies and their applications
• Examples of successful captive insurance policies
• A comparison of captive and commercial insurance policies
• Tax and accounting needs associated with a captive insurance policy
• Benefits that companies can glean by domiciling their captive in Connecticut
• How to create a captive in Connecticut

The Connecticut domicile has been recognized as the best in the country by Captive Review and Captive International in recent years, and we enjoyed showing attendees how their company could benefit from establishing a captive insurance policy.

Registration included the opportunity to win four (4) tickets to watch the Boston Red Sox play the Detroit Tigers on Sunday, June 2nd at Fenway Park!

Sponsorship Opportunities: Expand your visibility to company leaders and stakeholders in the Boston area as a sponsor of the Boston tour stop! This event will target C-Suite level professionals and above.

Presenting “Hub” Sponsor Benefits:
– 3 complimentary event registrations
– Inclusion in all marketing promotions (website, email, social media, etc.)
– In-person recognition by CTCIA’s President in Opening Remarks at the event
– A dedicated social media post acknowledging your company’s support

Showcase “Paul Revere” Sponsor Benefits:
– 2 complimentary event registrations
– Inclusion in all marketing promotions (website, email, social media, etc.)
– In-person recognition by CTCIA’s President in Opening Remarks at the event

Boston “Beantown” Supporter Benefits:
– 1 complimentary event registration
– Inclusion in all marketing promotions (website, email, social media, etc.)

CTCIA extends a warm welcome to our newest Director Debra Gaglioti of Captive Planning Associates! Debra is President and Chief Financial Officer of Captive Planning Associates, which specializes in alternative risk solutions for mid-size and large businesses. She holds a life and health insurance license in the state of New Jersey.

We look forward to Debra’s service to the Association as a Director and are honored to add her expertise to our Board.

Theme: 2023 Collaborative: Captivating the Future
Date: Thursday, September 21, 2023
Time: 1:00pm – 7:00pm
Location: UCONN School of Law, Hartford CT | Starr Reading Room

CTCIA hosted our Annual Collaborative, Connecticut’s premier captive insurance industry event, on September 21st. Guests joined us in the Starr Reading Room at the UCONN School of Law for insight to the trends driving the future of captive insurance, including climate change risk management, ESG (environmental, social and governance) principles, automated intelligence (AI), insurtechs and runoff/legacy solutions. Throughout the day, there were opportunities to network with fellow attendees, and we celebrated Connecticut’s recognition as “Captive Domicile of the Year” in the less than $5 billion in gross written premiums category!

Agenda:

12:30 – 1:00 PM | Registration 

1:00 – 1:30 PM | Featured Remarks

Jared Kosky, Deputy Commissioner, Connecticut Insurance Department

Fenhua Liu, Assistant Deputy Commissioner of Captive Insurance, Connecticut Insurance Department

Susan Winkler, Vice President & Executive Director, Connecticut Insurance and Financial Services (CT IFS)

1:30 – 2:30 PM | Panel I: An Analysis of AI & Insurtech Applications in Captive Insurance

Automated Intelligence (AI) I is the wave of the future as it equips insurance professionals with powerful predictive intelligence coupled with more efficient use of one’s time and resources. Similar to AI, insurtechs are innovations that improve insurance processes – specifically those related to distribution, processing and predictive analysis. Both AI and insurtechs have been integrated in the insurance business by new players as well as established industry leaders. This session will summarize the roles that AI and insurtech currently play in captive insurance, and explore predictions about their roles in the future.

Featuring:

Moderator: Frank Sentner, Principal, Sentwood Consulting

Roberto Sicconi, Co-founder & CTO, dreyev

Elizabeth Foughty, Strategy Consultant & Fractional CSO, reThought Flood

Matthew Schmidt, Senior Associate – Insurance, Ecopia AI

2:30 – 3:00 PM | Coffee Networking Break 

3:00 – 4:00 PM | Panel II: Captive Insurance Solutions for Managing ESG & Climate Risk 

Environmental, social and governance (ESG) principals converged with climate change are having an impact on the captive insurance industry. Organizations are increasingly turning to captive insurance for risk management as they navigate sustainability and make a plan to address climate challenges. This session will unravel the intricate connections between ESG considerations, the pressing challenges of climate change and the strategic utilization of captive insurance to manage associated risks.

Featuring:

Moderator: Leah Berry, Director, Deal Advisory & Strategy – Insurance & ESG Reporting, KPMG

Joseph MacDougald, Professor-in-Residence, UCONN School of Law & Executive Director, Center for Energy and Environmental Law

Jason Ballentine, Director, Climate Risk & Resilience, KPMG

Robert Bird, Professor of Business Law, UCONN School of Law & Chair of Business Ethics, Eversource Energy

John Traynor, President, Cambridge Trust Wealth Management of Connecticut

4:00 – 5:00 PM | Panel III: An Overview of Run-Off & Legacy Solutions & Their Implications

Yesterday’s underwriting is today’s run-off…using innovative risk management for all situations! Run-Off and Legacy Solutions can help reduce and eliminate potential captive liabilities. This session will discuss innovative solutions and the legal, financial and balance sheet implications that come with these types of transactions.

Featuring:

Moderator: John West, Senior Vice President, Guy Carpenter

Christopher Becker, Director of Corporate Legal, The RiverStone Group

John Bauer, Vice President and General Counsel/Leader, Corporate Legal and Audit Services, The RiverStone Group

Brian Reardon, Head of Claims, Maiden Holdings Ltd.

5:00 – 7:00 PM | Networking Cocktail Hour & Closing Keynote

Featuring:

Representative Joe Courtney