As we all have heard over the past year or more, the captive insurance market is booming. I can’t tell you how many of our members I have spoken with in the past few months who’ve mentioned how busy they are setting up new captives, or helping clients expand current captive programs. Dave Provost from Vermont’s Department of Financial Regulation reported that Vermont has already licensed over 20 new captives – a “normal” year for Vermont is about 24, and we are not even halfway through the year!
So, that said, this is the perfect time to open registration for the VCIA Annual Conference! The event will be held virtually August 10th – 12th and registration officially opens June 15th. There will be plenty of top level education for newbies to get a better handle on this new risk tool they have just established, and plenty on how best to optimize captive programs that have been around for a while.
Sessions include setting up new captives, reinsurance programs that are available and appropriate for captives, and a discussion of whether risk retention groups are a mature industry. In addition, this year’s VCIA conference will include education focused on captive taxation issues and captive investment portfolios. The conference will conclude with a session in which Dave Provost and his stellar team will discuss captive “hot topics” with the top risk manager for Starbucks. Educational sessions will continue to discuss up to the minute emerging and current risks, and how captive programs relate to those risks.
This August we will be offering more ways for small groups to connect in video chat rooms. The event will feature Ignite Talks, Solution Labs, Morning Coffee and great keynote speakers. CPE, VT CLE and CRE credits are available to those who participate in the virtual conference webcasts.
So keep an eye out for conference details and registration opening next week, and prepare yourself to gear up!
Thank you and I look forward to seeing you soon.