Special Session for BCOA Members and Prospective Members: The Role of Captives in a Softening Marketplace
(All conference attendees are invited to attend)

     Moderator:
            J. Oliver Heyliger, Managing Director, Willis Management (Bermuda) Limited

     Panelist(s):
            Daniel T. Meyer CPCU, Senior Vice President, Guy Carpenter & Company Inc.
            Arthur Koritzinsky, Managing Director, Marsh USA Inc.
            Dale E. Creech, Jr, Chief Legal Officer, Premier Health Partners

Breakfast with Exhibitors

Captive 201
2.00 pm - 3:30 pm: A look at what goes into the operation of a successful captive. Topics to be discussed include:

• What are captives in Bermuda doing today
• How to build the right captive team
• Captive operations
• Monitoring effectiveness
• Failure, what causes it and how to avoid it
• Retention setting
• Negotiating with the market
• Collecting reinsurance claims
• Handling multiple captives
• Exit strategies

Sponsored by ASHRM: The Brokers role in Developing Captive Management Best Practices
2.00 pm - 2.50 pm: This session will provide an overview of how a successful captive board meeting should look. What issues will/should the board members be discussing? And what presentations including a review of key financial performance ratios, program charts and insurance market updates should be prepared for the board?

     Speaker(s):
            M. Michael Zuckerman Juris Doctor, Senior Vice President and Director, National Healthcare, Aon Risk Services

Sponsored by ASHRM: Captive Underwriting - Everything Old is New Again
3:00 pm - 3:50 pm: This presentation will focus on identifying, evaluating, and ultimately underwriting emerging enterprise risks in a healthcare (non-risk bearing) captive, in existence in Bermuda since 1990. Third party liability (non-employed physicians), Pandemic Flu and Managed Care E&O are examples that will be used to demonstrate this approach of utilizing an SIR and the fronting captive as a vehicle for re-insurance. The presentation will highlight processes useful in evaluating new (and old!) ERM risks, and explore strategies for representing the underwriting component to re-insurers.

     Speaker(s):
            Peggy Nakamura RN, MBA, JD, DFASHRM, CPHRM, Assistant Vice President, Chief Risk Officer and Associate Counsel, Adventist Health

SAC Segregated Account Companies - The Real Benefits and the Considerations Required in Structuring an SAC Program
Develop insight into the various uses of Segregated Account Companies with real world examples of the benefits they can deliver. This session will also outline the potential difficulties in establishing a segregated account company and discusses a number of areas that require careful consideration. This session will cover not only business considerations but also identify legal pitfalls, accounting and tax related issues.

Sponsored by ASHRM: The Final Pieces of the Puzzle: providing the Impact of Claims Management Results
This presentation looks beyond the traditional aspects of claims management to address how to best demonstrate the outcomes: dramatic cost savings, reduction in severity/litigation, earlier reporting and ultimately, actuarial recognition of the need for lesser reserve/payment/IBNR funding. Two case studies will demonstrate how effectively conducting, and communicating, claims results can achieve recognition beyond immediate financial impact to the captive.

     Speaker(s):
            Robert B. Blasio JD, President/CEO, Western Litigation Inc.
            Pamela L. Popp MA, JD, AIM, DFASHRM, CPHRM, Assistant Vice President, Western Litigation Inc.

Case Studies: US Liability Programs
Why did you do it? Should I do it? How does it work? Was it easy? Did you get what you want? These are the questions that everyone wants to ask about captive liability programs and this cession is intended to try and answer those questions.

     Moderator:
            Peter Willitts, President, Liberty Mutual Management

Case Studies: Customer Programme
Come and hear the story of GMAC’s venture into customer programs in their captive and find out if this is for you. This session includes the benefits, profit opportunities, considerations and pit falls of putting customer programs into your captive.

Case Studies: Using an Alternative Risk Solution for International Benefits
Since the DOL’s ruling allowing Columbia Energy to reinsure long term disability (LTD) benefits through a Vermont branch of its Bermuda domiciled captive, many headlines have focused on US corporations seeking to write employee benefits for the parent’s US employees. However, International employee benefit programs being reinsured by captives or other alternative methods have remained primarily under the headline radar. Learn more from Karen Markowski, Director Insurance 3 M Company, Brad Viessman, Benefits Specialist 3 M Company and Gary Pitman, President Chevron International Limited on how a captive or other funding mechanism has been employed to enhance their company’s international employes benefits program.

     Moderator:
            Clayton Price, Senior Vice President, Marsh Captive Solutions

     Panelist(s):
            Karen M. Markowski, Director of Insurance Department, Treasurers, 3M
            Brad D. Viessman, Benefits Specialist, 3M
            Gary Pitman, President, Chevron International Limited

Case Studies: More than benefits to the Story
While much has been written about Columbia Energy being the first US company to receive Department of Labor approval to underwrite long term disability in the US branch of their Bermuda captive, Nisource (the acquirer of Columbia Energy) has continued to find innovative uses in for their Bermuda captive for many other risks. In this session, we will see what else Nisource has done with their captive and more importantly how the captive participation has helped Nisource control its destiny and serve the corporate mission.

     Moderator:
            Brady Young, President & CEO, Strategic Risk Solutions

     Panelist(s):
            Timothy R. Bucci, Director, Risk Management & Corporate Insurance, NiSource Inc.

Speed Dating with Investment Managers

Meet the Front