Captive Workshop New York

October 27-28, 2008 New York.

click here to download the brochure

Day 1


08.30		  
Registration and coffee

09.00
Welcome from Chair
Kate Westover, Innovative Captive Strategies 
 
09.15		  
Introduction to captives
• History
• Reasons for formation
• Advantages and disadvantages
A general overview of the definition and history of captive insurance companies,
examining, in detail, the advantages and disadvantages of captives and the
various different types and structures of captives.
Tom Stewart, Innovative Captive Strategies

10.15		  
Feasibility studies
• Data collection 
• Analysis of insurance programme 
• Retention levels and philosophy 
• Underwriting strategy including customer insurances 
• Business plan
Drawing on practical experience, the presenters take participants from captive pre-conditions, through to other alternative risk-financing mechanisms and final recommendations on captive establishment and related issues.
Paul Obolensky and Phil Stevens, AIG

11.15		  
Refreshment break

11.30
Risk Rentention Groups 
A discussion on the defining characteristics of Risk Retention Groups, including the uses and benefits.
Robert Minto

12.30		  
Lunch
 
13.30
Captive locations: the where and why
• The captive map today
• Domicile selection criteria
• Market trends and traditions
The question of where to locate a captive is addressed by examining the main jurisdictions in which captives have been formed and the factors that have influenced those choices. The attractions of different domiciles for future captive business will also be considered. 
Kate Westover, Innovative Captive Strategies 

14.30
Accounting Considerations
• Insurance accounting and related party considerations
• Claims reserving 
• Relevant accounting standards
Captive accounting is an important and complex issue which needs to be addressed in detail. The presenter will explain the key issues that need to be considered to get the best value out of the captive.
Deborah Lambert, Johnson Lambert & co.

15.30
Afternoon coffee

15.45		  
Case study: Planning a captive
In groups, delegates will consider captive establishment from a ‘real life’ example. 
Mike Serricchio, Marsh 
17.15  
Networking drinks reception

Day 2


08.30		  
Registration and coffee

09.00		  
Recap of day one
 
09.30		  
Case study: Establishing a captive
A chance to explore a real captive, following the process of establishing a captive through this case study
Paul Buckley, Tyco International

10.30		  
Taxation considerations
• Premium deductibility
• Residency
• Location considerations
The various tax issues involved in the establishment and operation of captives are explained and discussed in detail to ensure this important area is fully understood by all participants.
Tom Jones, McDermott, Will & Emery

11.30		  
Morning coffee

11.45
Reinsurance for captives
• What is captive reinsurance?
• Typical captive reinsurance structures
• Tactics and strategy to achieve best results
The presenter is a leading captive reinsurance broking specialist with many
years’ experience in designing captive reinsurance programmes for a variety of
clients and placing them in the worldwide reinsurance markets.
Peter Le Resche, Aon Re

12.45		  
Lunch

13.45
Sponsored captives
A look at the history and useage of Sponsored captives, PCC's and rent-a-captives and how they are best utilised.
Arthur Perschetz, Kilpatrick Stockton LLP
 
14.30
Captive management and regulation - what to expect
Having determined the captives business plan, chosen your location, and
established a captive the group now learns what you can expect from your
captive manager, and how the regulatory requirements are met in domiciles
Jeffrey Kenneson, USA Risk Group

15.30
Round up of workshop and closing comments from Chair

15.45
Afternoon coffee and end of workshop