Monday, June 17, 2019
2:00 pm - 6:30 pm Registration Open
5:00 pm - 6:30 pm Welcome Reception
Tuesday, June 18, 2019
7:30 am - 6:30 pm Registration Open
8:00 am - 9:00 am Networking Breakfast
9:00 am - 9:10 am Welcome Remarks

Kevin Doherty
9:10 am - 9:30 am Invited Government Speaker TBA
9:30 am - 10:30 am The Captive Insurance Tax Landscape in 2019
The session will be led by a moderator and diverse panel of professionals including a tax advisor, tax attorney, and a captive manager offering the latest insights and interpretations as its relates to the captive insurance tax landscape in 2019. The panel will cover a variety of tax issues including; the implementation of tax reform, current federal and state tax cases and other relevant authorities, the IRS’ use of recent cases in tax audits, states actively seeking captive insurance income and premiums, and other practical tax compliance issues associated with IRC Section 831(b) captives and Form 8886.

Laurie Bizzell, CPA
Tax Senior Manager
Bennett Thrasher LLP

Giselle Alexander
Tax Attorney
Dickinson Wright, PLLC

Patrick Theriault
Managing Director
Strategic Risk Solutions
10:30 am - 11:00 am Networking Break
11:00 am - 12:00 pm Medical Stop Loss and Employee Benefit Captive Opportunities and Current Events
Session Description: This session will cover growth opportunities for captives through the inclusion of medical stop loss and/or employee benefits into a captive program and the synergies that can be gained when added to a property and casualty captive, along with a discussion of current events affecting both medical stop loss and employee benefit captive programs including the recent changes in rules surrounding association health plans and the suspension in the DOL EXPRO process.

C. Wade Bice
Senior Vice President
McGriff, Seibels & Williams, Inc.

Wendy J. Dine
Associate Director
Strategic Risk Solutions

Steven Lorady, CPA-ABV
Audit Manager
Carr, Riggs & Ingram, LLC
12:00 pm - 1:30 pm Hosted Luncheon
1:30 pm - 2:30 pm Breakout Session: Framing the Current Economic Expansion: Considerations for Your Captive
Main Topics
  1. Global economy – looking back and what’s ahead
  2. U.S. economic outlook – stage of the business cycle
  3. Asset class/market performance in the context of macroeconomic trends
David Kilborn, CFA
President & Chief Investment Officer

Breakout Session: Why the Actuary REALLY matters?
While captive regulators and auditors place great reliance on the actuary and the US Tax Court has made it clear that actuarially sound rates are imperative, an actuary can serve a much broader role in helping captive owners and managers evaluate risk and make data driven decisions about their captives.

Robert Walling
Principal and Consulting Actuary
Pinnacle Actuarial Resources, Inc.

Mary Frances Miller
Senior Consulting Actuary
Select Actuarial Services

Lisa Dennison, FCAS, MAAA
President and Consulting Actuary
By the Numbers Actuarial Consulting, Inc.
2:30 pm - 3:00 pm Networking Break
3:00 pm - 4:00 pm Breakout Session: Best Practices: Managing your investments like an Insurance Company
While most captive professionals have deep expertise and robust tools to provide top services in many areas, what many openly admit they lack is investment knowledge. The result? Captive owners often end up selecting an investment advisor based on convenience instead of expertise. An approach which is sure to create numerous challenges and needlessly put your captive at risk.

Why is it so important to manage your captive investments like an insurance company? With increased scrutiny, service providers will need to focus on investment best practices specific to the captive insurance industry. This session will help owners and service providers answer important questions and to understand how implementing best practices like asset/liability modeling, holistic balance sheet risk management, and investment corporate governance not only improves a captive’s performance, they provide the fact pattern necessary to avoid unwanted regulatory scrutiny.

Gary Greene, CTP, AIF®
Senior Vice President – Investments Managing Director
WellSpring Financial Solutions of Raymond James

Breakout Session: Risk Distribution: Keeping your captive compliant
A discussion of recent events in risk distribution including new IRS guidance, enforcement actions, and tax cases and how to remain compliant in today’s era of increased scrutiny.

Robert Miller, CPA
Carr, Riggs & Ingram, LLC

Tony Greer
Dickinson Wright PLLC

Peter Strauss, Esq.
Founder, CEO
Hamilton Captive Management, LLC

Steven Lorady, CPA-ABV
Audit Manager
Carr, Riggs & Ingram, LLC
4:00 pm - 5:00 pm Breakout Session: Risk Pools
What should you look for when in search of a risk pool, how should a pool be structured and operated and can pools really satisfy risk distribution requirements post-Reserve Mechanical?

Martin Eveleigh
Atlas Insurance Management

Kathryn Marsh
Managing Director
Somers Risk Consulting

Alan Fine, CPA, JD
Tax Partner and Insurance Industry Group Leader
Brown Smith Wallace

Breakout Session: Improving Methods for Selecting and Evaluating Investment Managers
This session will focus first on "Best Practice" methods for researching and selecting investment managers. Then, once selected, improving techniques for evaluating and monitoring manager performance and efficacy.
  1. We will explore how analytic tools, providing important quantitative information, as well as qualitative measures, could be utilized to better understand manager style and performance on a risk-adjusted basis.
  2. To understand, "how is my investment manager really doing?" the following topics will be explored:
    1. Nominal vs risk-adjusted returns: understanding how to properly measure your investment manager’s “skill”, emphasizing the importance of using Modern Portfolio Theory (MPT) statistics to evaluate performance
    2. Making Asset Liability Management (ALM) work for your company
    3. Performance database resources and how they can help make better manager choices
    4. Understanding performance attribution: was it the market or the manager?
Anne Marie Towle, CPA
Captive Practice Leader
Marsh Captive Solutions

Carl E. Terzer
Founder and Principal
CapVisor Associates, LLC
5:00 pm - 6:30 pm Networking Reception
Wednesday, June 19, 2019
7:30 am - 4:30 pm Registration Open
8:00 am - 9:00 am Networking Breakfast
9:00 am - 10:00 am Captive Governance Best Practices
In this inter-active session, a captive attorney, captive regulator and captive manager will discuss the challenges and strategies for implementing good corporate governance practices. Proper oversight and governance are often the last items considered when a new captive begins operations, but these factors have an important impact on the future success, or failure, of a captive insurance company. This session will cover the selection and training of board members, captive board operations, and the role of key partners.

Andrew Rennick
Womble Bond Dickinson

Jennifer D. Stalvey, CPA, ACI
Assistant Director, Captive Insurance Section
Tennessee Department of Commerce & Insurance

Belinda L. Fortman CMA ACI ARM
Managing Director
Risk Administrative Services, LLC (“RASer”)
10:00 am - 10:30 am Networking Break
10:30 am - 11:30 am Limit Your SALT Intake
  • State rule of insurance
  • Commerce Clause
  • Nexus
  • Due Process Clause
J. Matthew Queen
General Counsel & Chief Compliance Officer
Venture Captive Management, LLC

Matthew W. Brosman, J.D., LL.M., ACI
Attorney at Law
The Strauss Law Firm, LLC

William F. Buechler
Insurance Tax Director
Crowe LLP
11:30 am - 1:00 pm Hosted Luncheon
1:00 pm - 2:00 pm Breakout Session: Warranty or Service Contract Risk – The Legal, Regulatory and Accounting Insight Needed to Assess If this Coverage makes sense for you
Warranty and Service contract risks are an emerging coverage in the captive industry. Given their great potential for profitability, the opportunity to create a revenue center within the captive and also strengthen the captives risk distribution through 3rd party risk this coverage affords many benefits. However, the benefits afforded do not come without some significant hurdles to cross given the differing state by state regulation of the industry along with the assessment needed to determine if the coverage is insurance for federal income tax purposes.

Tony Greer
Dickinson Wright PLLC

Gary Osborne
Vice President
Risk Partners, Inc.

Breakout Session: Get CyberSmart. Don’t let the bad actors win
You are under cyber attack. Business Email Compromise (BEC) is the most widely used form of cyber attacks. Bad actors plot and socialize their way into your business (businesses of all sizes) with a single goal to compromise your trust and take your money. You’ll learn who the bad actors are and their clever schemes to disguise their attacks. You’ll also learn how to recognize these sneak attacks, and simple security tips you can use in your business and at home.

Skeet Spillane
Chief Executive Officer
Pillar Technology Partners, LLC

Tim Martin
Chief Development Officer
Pillar Technology Partners, LLC
2:00 pm - 3:00 pm Breakout Session: Pros and Cons between Single Parent Captive and joining a Group Captive
This session will highlight the differences between single parent and group captive structures to assist brokers and insureds who are unsure which direction to turn. It will also aim to educate the attendee regarding the single parent captive structure; such as minimum premium requirements, risk distribution requirements, structure flexibility, lines of business to include and premium tax deductibility. Attendees will leave the session with a better understanding of which captive structure is best for them or their client.

Daniel J. Kusaila, CPA
Tax Partner
Crowe, LLP

Christopher Murray
Caitlin Morgan Insurance Services
Greg Porydzy
Head of Captive Programs
The Hartford

Breakout Session: Telematics Today and Moving Forward
Seminar will explore what data telematics can provide with a focus on driving behaviors, score cards, loss prevention and claims. We will discuss the methods risk managers/fleet managers are using to make this data actionable to reduce losses, reduce insurance expense and getting more people home safely.

Jim Davis
Director of Insurance Business Development
KeepTruckin, Inc.

Additional Speaker TBA
3:00 pm - 3:30 pm Networking Break
3:30 pm - 4:30 pm What the “Captive” World Needs Now
The Captive World has been turned upside down—legislative changes, tax changes, court opinions—and the captive world that we see today is the compilation of the choices made for and by captive industry professionals. In our world today, how are we to make lemonade out of lemons?

This presentation will not be a repeat of history and how we got here. If we are to grow, we must change our perception of reality. Like the story Ronald Regan told of the little boy in the horse barn who was charged with the task of moving manure who said, “I know there’s a pony in there somewhere!”; it’s up to us to find the ponies in our profession. Captive Insurance Companies are great risk management tools and great wealth protection tools. As an added bonus, Captive Insurance Companies are good for the State of Tennessee.

Bob Davidson
Davidson Risk Consulting

Ben Whitehouse
Butler Snow LLP
6:00 pm Dinner and Music at Margaritaville


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