Captive U

Law Quadrangle, University of Michigan

One of the great things about being 100% virtual for our conference in August is that students can more easily attend when they don’t need to get flights and hotels and spend time traveling to Vermont this summer.

Every year we invite students from risk management programs around the country, but the travel costs and logistics are an impediment. This year, with the help of many of our friends in the captive industry, we threw open the proverbial doors and have a great mix of students and their professors who will join us this August for the best captive insurance education available!   Not only are there great  sessions for folks new to the intricacies of the captive industry, but with sessions like Evaluating Your Online Presence and Digital Transformation & Opportunities, as well as a Young Professionals forum and The Impact of Emotional Intelligence on Risk Management we think there is a lot to appeal to students and younger professionals alike – OK, and to some of us “older” professionals as well.

Joining us are students and professors from institutions including Roosevelt University in Chicago, Temple University, Georgia State, Appalachian University, Texas A & M, University of Georgia, University of Houston, and St. Mary’s University in Houston. We are incredibly pleased to see these names on our attendee list!

Please let me know if you know of any interested students in any risk management programs; we would love for them to join us!   I look forward to seeing you all virtually in just 2.5 short weeks at VCIA Virtual! View all the details and register for the event here.

Mick Jagger is in the House

Bald musician playing a guitar plugged into an amplifier

Okay, we know this isn’t actually Mick Jagger OR Dave Provost, but you get the idea…

Remember when you could travel to cool places and see all your captive industry friends at one of the main conferences that happened throughout the year? Yeah, the memory is beginning to fade in my mind as well.

However, I do remember the electricity when one of the captive industry’s most famous “rock stars” would enter the room at these events and everybody’s head would turn to get a look. Of course, that person was our own Dave Provost, Deputy Commissioner of Vermont’s Department of Financial Regulation (DFR) – it was like Mick Jagger entered (minus the entourage)!

For all you folks who know Dave, Mick doesn’t readily pop into mind. Dave is friendly, approachable, and has a singing voice like a screech owl (honestly, I have never heard him sing – he may sing like an angel). And let’s not even touch the hair. But captive insurance is the one place where a tiny state like Vermont is the big gorilla and Dave is at the pinnacle of Vermont’s captive world.

So even though you can’t come to Vermont in person this year for our conference, joining VCIA’s Virtual 2020 gives you an opportunity to see Mick, err Dave, in his element. The last event of our three-day conference will be Hot Topics with Dave Provost. Dave will be joined by other highly experienced panelists, for an engaging and interactive discussion on current hot topics impacting the captive insurance industry.

Moderated by Dan Reynolds, editor-in-chief of Risk & Insurance Magazine, panelists and audience members alike will share their experience and insight ensuring that attendees are well-informed about current trends in the captive industry. The panel includes Kent Broussard, President of Bluegrass Insurance Company, Inc., an 831-b captive formed in the State of Vermont in 2014 on behalf of Sazerac Company, Inc., one of the top alcoholic beverage suppliers in the world.

Rounding out the group is Dave Tatlock, a director at Strategic Risk Solutions Vermont Ltd. and is responsible for the management of a portfolio of single parent, group and sponsored captive insurance companies domiciled in Vermont and Connecticut.  And last, and certainly not least, is Sandy Bigglestone, Director of Captive Insurance at DFR, and Dave Provost’s righthand woman – hmmmm, perhaps Vermont’s own Lady Gaga?

Join us for this session which will tie together themes discovered during VCIA Virtual and say farewell on an energetic note!  I look forward to seeing you all in August at VCIA Virtual! View all the details and register for the event here.

The Doctor is in the House

Hartwig, Robert photo 2020 smaller

Dr. Robert Hartwig will be a Keynote Speaker at the VCIA Virtual Annual Conference August 11th

I will be stating the obvious here in when I say we are living in unprecedented times. Trade wars, political turmoil, and the beginnings of a hardening market last year has kept the captive industry on its toes with shifting economic trade winds.  On top of that a world-wide pandemic and social unrest in this country, and it’s a wonder how risk managers sleep at night.   We have invited back a keynote to VCIA Virtual 2020 who addressed our conference about 10 years ago to analyze some of the economic effects facing the insurance industry today, and beyond.

I remember Bob saying he had about 90 or slides to get through in his presentation back then but not to worry – he would make good time.  Sure enough, he ran through the slides effortlessly and I had so many members tell me how much they appreciated his keynote.

Dr. Robert Hartwig is clinical associate professor of finance and director of the Risk and Uncertainty Management Center in the Darla Moore School of Business at the University of South Carolina, and the former president and economist for the Insurance Information Institute in New York.

Over the years, Dr. Hartwig has focused his work on improving understanding of key insurance issues across all industry stakeholders including media, consumers, insurers, producers, regulators, legislators, and investors.  At the University of South Carolina, he teaches courses in risk management, insurance, and corporate finance.  He mentors students and serves and serves as a liaison between the university and the private insurance industry. Bob appears frequently in all major media, speaks internationally, and has testified before many Congressional and state committees on a wide variety of insurance issues.

At VCIA Virtual 2020, Bob will speak on the current state of affairs, and the transitioning insurance market, incorporating themes such as the impact of COVID-19 pandemic on the industry that will resonate through the rest of the conference. So, come join us for what will be a truly innervating talk!

I look forward to seeing you all in August at VCIA Virtual! View all the details here.

I See Fireworks!

Celabration festive new year firework headline or bannner.It’s the Fourth of July weekend, and that means only one thing: we are just a little more than a month away from VCIA Virtual 2020! As you know, VCIA always bring the fireworks when it comes to our annual captive conference, and this year will be no different.

The VCIA Virtual Conference will be a great opportunity for the captive world to meet, socialize, learn, earn professional education credits, hear great keynotes, and have fun in this time of uncertainty and isolation.  We are very excited to present an excellent experience for the captive industry, and have people leave at the end knowing their time was very well spent!

We are providing our attendees with the look and feel of being at an in-person event, by using a very robust 3D digital platform. After all, one of the big reasons the captive world comes to meet in Vermont every summer is the opportunity to network with friends and colleagues. A key element of the platform is that attendees can connect with one another easily, for example in the virtual Captive Lounge, where attendees can swing by and meet up with others.  There will also be games and trivia contests to create fun ways to engage people and get them exploring all the places in the digital platform. Our Exhibit Pavilions will be showcase over 50 3D exhibit booths! And the many educational sessions and forums will be second to none. We are excited for it to all come together and be an excellent experience for attendees, sponsors and our many fine service providers who keep the industry humming.

I look forward to seeing you all in August at VCIA Virtual! View all the details here.

Rich Smith,
VCIA President