CTCIA https://ctcaptives.org Connecticut Captive Insurance Association Wed, 24 Apr 2024 16:28:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 203654270 CTCIA Welcomes New Board Member https://ctcaptives.org/ctcia-welcomes-new-board-member/?utm_source=rss&utm_medium=rss&utm_campaign=ctcia-welcomes-new-board-member https://ctcaptives.org/ctcia-welcomes-new-board-member/#respond Wed, 24 Apr 2024 16:21:21 +0000 https://ctcaptives.org/?p=2710

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.

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CT Captive Insurance Tour | First Port: Boston https://ctcaptives.org/ct-captive-insurance-tour-first-port-boston/?utm_source=rss&utm_medium=rss&utm_campaign=ct-captive-insurance-tour-first-port-boston https://ctcaptives.org/ct-captive-insurance-tour-first-port-boston/#respond Tue, 16 Apr 2024 19:45:17 +0000 https://ctcaptives.org/?p=2666

May 20, 2024

Join CTCIA for our first stop on the Connecticut Captive Insurance Association Tour in Boston, Massachusetts on Monday, May 20!

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! Join us in Boston for our first stop on our Connecticut Captive Insurance Association Tour. Leaders in the captive insurance industry such as Fenhua Liu of the Captive Division of the Connecticut Insurance Department, Chris Gallo of CIC Services and others will provide an overview of captive insurance and the advantages of domiciling your captive in Connecticut.

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.)

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2024 Annual Collaborative https://ctcaptives.org/2024-annual-collaborative/?utm_source=rss&utm_medium=rss&utm_campaign=2024-annual-collaborative https://ctcaptives.org/2024-annual-collaborative/#respond Tue, 16 Apr 2024 01:00:20 +0000 https://ctcaptives.org/?p=2662

September 12, 2024

CTCIA will host Connecticut’s premier captive insurance industry event, our 2024 Annual Collaborative, on Thursday, September 12th at UCONN School of Law in Hartford, Connecticut.

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

Pre-registration is now available for our 2024 Collaborative. Click below to be the first to be notified when registration opens and take advantage of Early Bird registration deals!

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Captive Insurance Forum of Connecticut https://ctcaptives.org/captive-insurance-forum-of-connecticut/?utm_source=rss&utm_medium=rss&utm_campaign=captive-insurance-forum-of-connecticut https://ctcaptives.org/captive-insurance-forum-of-connecticut/#respond Tue, 16 Apr 2024 00:00:47 +0000 https://ctcaptives.org/?p=2608

Thanks to all who attended Insurtech Hartford's Captive Insurance Forum of Connecticut on April 16! It was wonderful to see so many CTCIA members, friends and colleagues in attendance.


(L-R) CTCIA President PJ Cimini, Susan Winkler of CT IFS, CTCIA Executive Director Kathryn Dube and Fenhua Liu of the Connecticut Insurance Department.


PJ also had the honor of speaking alongside (L-R) John Bourdeaux of AdvanceCT and Deputy Commissioner Jared Kosky of the Connecticut Insurance Department for the "Connecticut's Unique Ecosystem & Recent Advances in Captive Laws" panel discussion.

Featured Panels & Speakers:

How Commercial Insurers and Captives Address Coverage Issues:
Esteemed speakers explored how captive insurers assist commercial carriers and address capacity issues.
Featured speakers for this panel included William P. White of Acuity Strategic Consulting, Anna Petropoulos of Apetrop USA and Mikhail A. Raybshteyn of Ernst & Young.

Group Captives: New Approaches & Developments
Speakers focused on the use of group captives as a risk management tool. Panelists will explore changes in distribution, carriers and product choices.
Featured speakers for this panel included David Raymond of Travelers and Michael O'Malley of Strategic Risk Solutions.

Leveraging Captives for Access to Global Markets
Speakers provided an overview of how insurtechs and MGAs can leverage captive insurers to gain access to the U.S. and global markets.
Featured speakers for this panel included Zora Law, Actuary at Milliman; Gabriel Weiss, CEO & Co-Founder at XN Capital; Rachel Jenkins, Chief Operating Officer at XN Capital and Stephen DiCenso, Principal & Consulting Actuary at Milliman.

Connecticut's Unique Ecosystem & Recent Advances in Captive Laws
Speakers provided an overview of how pro-captive legislation makes Connecticut an advantageous state for captives to choose when deciding where to domicile.
Featured speakers for this panel included P.J. Cimini, Founder & Principal of Capitol Strategies Group & CTCIA President; John Bourdeaux, President & CEO of AdvanceCT  and Deputy Commissioner Jared Kosky of the Connecticut Insurance Department.

Parametric Solutions and Technological Innovations in Evolving Risk Management
Speakers addressed cyber threats, ESG considerations and climate change. Panelists discussed how AI and the blockchain can be integrated with parametric solutions for climate related risk management and ESG investment strategies.
Featured speakers for this panel included Michael Douglas, Director of Business Development at Aon; Dr. Marcus Schmalbach, CEO at Ryskex and James Bulkowski, Senior Manager at Ernst & Young.
Andrew Mais, Connecticut Insurance Commissioner and The 2024 President of National Association of Insurance Commissioners (NAIC), was the event's keynote speaker.

InsurTech Hartford Symposium
This event was in cooperation with the InsurTech Hartford Symposium.

Venue
The forum was held at Mohegan Sun.

1 Mohegan Sun Boulevard
Montville, CT 06382

Learn More
View the registration info flyer for the forum here.

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Connecticut Records Fourth Year of Growth for Captive Insurance Formations in 2023 https://ctcaptives.org/connecticut-records-fourth-year-of-growth-for-captive-insurance-formations-in-2023/?utm_source=rss&utm_medium=rss&utm_campaign=connecticut-records-fourth-year-of-growth-for-captive-insurance-formations-in-2023 Fri, 26 Jan 2024 15:58:54 +0000 https://ctcaptives.org/?p=2619

Connecticut recorded its fourth consecutive year of sustained net growth for captive insurance formations in 2023!

The Connecticut Department of Insurance (CID) reported the following growth for the year:

  • 10 new captives and 13 new cell captives were approved
  • The state's captive insurance program grew by 37%

CTCIA extends a huge thank you to all who contributed to this growth, including our partners at CID, Connecticut Insurance and Financial Services (CT IFS), National Network of Accountants (NNA), MetroHartford Alliance and AdvanceCT. We look forward to another successful year in 2024!

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CTCIA Welcomes New Members https://ctcaptives.org/ctcia-welcomes-new-members/?utm_source=rss&utm_medium=rss&utm_campaign=ctcia-welcomes-new-members Wed, 20 Dec 2023 15:16:33 +0000 https://ctcaptives.org/?p=2604

CTCIA extends a warm welcome to our newest members!

We are thrilled to be joined by The RiverStone Group, Compre Group, Computershare, Connecticut Foundation Solutions Indemnity Company, Michael Maglaras & Company and Apetrop USA.

To learn more about each, view our member directory here.

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2023 Annual Collaborative https://ctcaptives.org/2023-annual-collaborative/?utm_source=rss&utm_medium=rss&utm_campaign=2023-annual-collaborative Thu, 21 Sep 2023 15:30:13 +0000 https://ctcaptives.org/?p=2476

September 21, 2023

CTCIA hosted Connecticut’s premier captive insurance industry event, our Annual Collaborative, on September 21st at UCONN School of Law in Hartford, Connecticut.

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 Fenhua Liu

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:

Elizabeth Foughty Matthew Schmidt

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:

  Joe MacDougald Robert Bird John Traynor

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:

Brian Reardon

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

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Connecticut Honored with “Top Captive Domicile” Recognition https://ctcaptives.org/connecticut-honored-with-top-captive-domicile-recognition/?utm_source=rss&utm_medium=rss&utm_campaign=connecticut-honored-with-top-captive-domicile-recognition Thu, 17 Aug 2023 16:08:32 +0000 https://ctcaptives.org/?p=2506

Connecticut has earned the distinction as "Top Captive Domicile of the Year" in the less than $5b in gross written premiums category by Captive Review for their 2023 Awards Program!

2023 is the second year in a row that Connecticut has earned this distinction, which is a testament to the accomplishments of the CT Insurance Department, CTCIA and the many companies, service providers and professionals who have worked tirelessly to improve and grow the Connecticut captive insurance domicile and market.

On August 7th,  CTCIA friends and supporters Ron Roth of NNA, Steve Nestico of Crowe, Fenhua Liu of the Connecticut Insurance Department, Joe Pieksza of Crowe and Gene Goddard of Metro Hartford Alliance received the award at a banquet hosted by Captive Review at the Vermont Captive Insurance Association's Annual Conference.

View the full list of Captive Review winners here.

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CTCIA Mixer & Legislative Thank You! Event https://ctcaptives.org/mixer-and-legislative-thank-you-event/?utm_source=rss&utm_medium=rss&utm_campaign=mixer-and-legislative-thank-you-event Mon, 26 Jun 2023 17:52:06 +0000 https://ctcaptives.org/?p=2465

CTCIA friends & colleagues gathered to officially celebrate the passage of SB 1038 in this year’s legislative session on Monday, June 26.

CTCIA friends & colleagues gathered to officially celebrate the passage of SB 1038 in this year’s legislative session and network with state legislators, insurance industry leaders and community officials.

Each year we gather to commemorate and reflect on another year of growing connections among our captive insurance network with the insurance community in Connecticut and beyond. We were very thankful to host this special event as an in-person gathering this year for all our friends and supporters to say “Thank You” for the continued support from our State Policymakers.

We hosted this special event on the beautiful patio at Salute Restaurant in Downtown Hartford and enjoyed an evening of networking, friendship and celebration!

Location:

Salute Restaurant

(Downtown Hartford)

100 Trumbull Street

Hartford, CT 06103

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How to Level Up Your Medical Stop-Loss Program https://ctcaptives.org/how-to-level-up-your-medical-stop-loss-program/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-level-up-your-medical-stop-loss-program Thu, 27 Apr 2023 17:22:03 +0000 https://ctcaptives.org/?p=2442
How to Level Up Your Medical Stop-Loss Program

This webinar provided insight on how you can drive additional savings to the health plan and captive. It was held virtually on Thursday, April 27 from 1:00-2:00 PM EST. 

Amidst today’s difficult market conditions, many captive owners and risk managers see the advantage of including medical stop-loss in their captive program. But do you know how to maximize this strategy once it’s established? CTCIA hosted “How to Level Up Your Medical Stop-Loss Program” with Karin Landry, Managing Partner at Spring Consulting. She provided an overview of the strategies you can leverage for driving additional savings to the health plan and captive by addressing population health management and adopting a forward-thinking approach.

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