VCIA Staff Spotlight: Dave Rapuano

Graphic Design extraordinaire. Fluent in all things tech. When he’s not making sure webinars are going smooth, you can find him on the slopes or playing volleyball. Meet VCIA’s Communications Assistant, Dave Rapuano

Along with industry-leading educational sessions and curated networking events, VCIA’s 37th Annual Conference is simply going to be blast. It will be a productive AND enjoyable time—guaranteed. That said, I have a couple of fun “branding” initiatives up my sleeve (after all, this will be my first conference as VCIA president, so I want to make it memorable!). Staff trivia will be one of them, so read this staff spotlight, the two that profiled myself and Francis McGill, and look out for the rest in the weeks to come. We’ll pose some staff questions at the conference and if you get them right you could win a nice little gift!

Dave Rapuano is the VCIA go-to person when troubleshooting a computer issue. An on-his-feet problem solver, he uses his background in digital media to help build a reliable and efficient ecosystem of VCIA’s online presence, whether that be our website, webinars, or the virtual conferences in 2020 and 2021.

An on-his-feet problem solver, VCIA staff member Dave Rapuano uses his background in digital media to help build a reliable and efficient ecosystem of VCIA’s online presence

Dave doing what he loves best!

A Connecticut native, he moved to the Green Mountain State to attend Champlain College and explore the bounty of outdoor activities available in Vermont. Snowboarder? Check. Hiker? Yup. He also coaches a high school varsity volleyball team. And what else? Dave is an avid fly fisherman! Ask where he’s favorite fishing spot is and he’ll tell you, “Camel’s hump way up high on a little creek catching beautiful wild brook trout.”

Make sure to say hello to Dave at the next gathering! Stay tuned for another staff spotlight soon, and remember to take some notes so you can win a prize at the conference!

Registration opens May 16th!

Staff Spotlight: Director of Communications Francis McGill

A newbie gardener. Film, music, and book enthusiast. When he’s not at work he’s probably changing a diaper. Meet VCIA’s Director of Communications, Francis McGill

As we approach the 2022 VCIA Conference, we are going to introduce you to VCIA staff. Of course, many ‘need no introduction,’ but with many new members and after two years away, it won’t hurt. So please get to know Francis. And do please play close attention, we there will be a quiz—I’m serious! At the conference we will ask a few questions about our staff and those who answer them correctly will be eligible to win a prize or two!

VCIA’s Director of Communications Francis McGill

Francis became VCIA’s Director of Communications in January 2022, and he’s pleased to play a role in creatively promoting VCIA values and programs. He’s especially enjoyed e-meeting so many folks in the industry and looks forward to solidifying those relationships come the VCIA Spring Mixer and at the Annual Conference. That captive insurance spans so many industries—from healthcare, to manufacturing and entertainment companies, to higher education, you name it!—has really sparked Francis’s interest in realizing how complex it is to safeguard employees and company property, among other things. Rarely thinking of insurance besides his healthcare and home and auto, he’s impressed now that there are so many different kinds that captives cover!

Francis has enjoyed e-meeting so many folks in the industry and looks forward to solidifying those relationships come the VCIA Spring Mixer and at the Annual Conference.

In his home life, Francis enjoys living in the “country” up near the Green Mountains with two cats, his wife, and their 6 month old son, Herschel. Francis and Charlotte are first time parents and have experienced the range of emotions that parenthood brings, from the tremendous excitement of seeing their boy roll over for the first time, to the tremendous fatigue of waking in the middle of the night to feed him, and then starting the day off bright and early at 5:30am. Herschel is their pride and joy, and yes, the cats are getting used to him, somewhat.

Francis lives somewhere up that road!

Fun facts about Francis

  • He and his wife grow vegetables in a greenhouse on their property; they are currently harvesting delicious spinach that overwintered
  • The last film he saw that made a powerful impression on him was The Power of The Dog, partly because of the cinematography and partly because of the amazing soundtrack (done by Radiohead’s Johnny Greenwood)
  • He reads for pleasure during the few minutes of free time he might have at the end of the day. He subscribes to Harper’s magazine and loves its high-quality writing. Especially for finance and insurance people, he recommends this fascinating and funny profile on the Bitcoin scene in Miami

All in all, communication matters most to Francis—how we share and what we share. He greatly appreciates that his role at VCIA allows him to learn so much about captive insurance while wordsmithing and designing communications in all kinds of forms that compel people to connect with and participate in the VCIA mission.

Make sure to say hello to him at the next gathering! Have an idea or want to just drop him a line? Email Francis at fmcgill@vcia.com. Stay tuned for another staff spotlight soon, and remember to take some notes so you can win a prize at the conference!

Registration opens May 16th!

Productive RISKWORLD RIMS Conference Concludes

My first RIMS Conference is in the bag. What an impressive production the Risk Management Society had. Indeed it felt like “the center of the Risk Management universe” as they say. The experience has further fueled my desire to make VCIA’s August 8th-11th annual conference the best yet!

From a Vermont captive perspective, our trip to San Francisco was very successful. There was a steady stream of captive owners on day one with potential new captives and service providers visiting us. Our travel-sized maple syrup swag and the ice cream rolling in at 10:30 may lured in some hungry prospects, because surely nothing beats ice cream with maple syrup drizzled on top.

Vermont representing strong at RIMS 2022

Even on the final day three the volume of traffic may have slowed, but the quality interactions continued. I still work as a captive student, absorbing as much information as I can about the industry and regulatory processes. I’ve also thoroughly enjoyed building out my professional network with so many interesting people. All in all Team Vermont held many solid and productive meetings which generated innovative ideas on how we can help captives thrive in the Green Mountain State.

Shoutout to the State of Vermont’s Captive Insurance Economic Development Director Brittany Nevins who does a terrific job of demonstrating why Vermont’s captive insurance industry is the gold standard for an onshore captive insurance domicile. 

All in all Team Vermont held many solid and productive meetings which generated innovative ideas on how we can help captives thrive in the Green Mountain State.

One interesting aspect was the interest from Latin America – A good harbinger for our planned 2023 Roadshow in Mexico City. Stay tuned for more interesting programs as we continue to develop them!

Plan Ahead for VCIA’s August Conference

My crystal ball proved correct when I predicted Kansas to win the NCAA Basketball Tournament. My next fortune-telling stunt? I foresee airfare and lodging for our conference to be quite competitive, so book sooner rather than later!

The VCIA Conference is already cropping up on the horizon…

Anyone bet on Kansas based on my advice of last week? Turned out it was the opposite of a kiss of death: the Jayhawks beat Villanova in the Final Four and won a close game against the UNC Tar Heels in the championship! 

I usually have zero ability at this sort of thing, seriously, but I do have another tip for you as solid as the Jayhawks winning it all…

The 2022 VCIA Conference will be epic. I’ve heard from scores of people about how excited they are to return to Vermont. We are a small city (Burlington) and a small state with a big heart. Logistically that means there’s only a limited amount of lodging and airfare options, so it’s crucial you start making your plans quite soon. Some hotels are already fully booked, so follow this link to ensure you receive the conference hotel block discount.

The 2022 VCIA Conference will be epic. I’ve heard from scores of people about how excited they are to return to Vermont.

I would also suggest making airline reservations if you are coming in from out of town. Kayak, among a host of other sites, tracks all available flights to Burlington airport. Like with lodging, the sooner the better!

If you are not on our mailing list, visit our website and sign up through the mailing list pop up bar. You can also submit your information on our conference landing page at http://vcia22.live/bvt and you will be alerted to registration. Our May 16th registration is approaching fast and I encourage you to start putting your plans in place!

I’ve seen the demand to meet in person at other events, and listened to the members and stakeholders talking up our event. With my Kansas prediction, I’ve earned my chops as a fortune teller. This next bet is a bit of a no-brainer!

Captive Madness

NCAA Forms a Captive— in Vermont!

Many Vermonters in the captive industry might have had an NCAA bracket that had UVM going all the way. Locals supporting locals is what we do here. Sadly, Arkansas stood in their way, and UVM came up a little short in the first round. They didn’t bust the nation’s brackets, but there were other perpetrators—I’m looking at you, Saint Peters Peacocks. The absence of the Catamounts from the Final Four makes it no less intriguing, but you might wonder, where’s the link with VCIA and captive insurance?

The Vermont Captive Insurance Industry is a Powerhouse Program

The answer lies in the fact that the NCAA, perhaps mindful of the hit that their marquee event took in 2020 and 2021, recently formed a captive, and not only that, but they have made its domicile in the Green Mountain State. Vermont’s most popular (and free) newspaper, Seven Days reports that the captive activated at the start of March and could “potentially save the association millions of dollars.” Taking on both D & O and event cancellation coverage, the entity has been funded with $175M, and will be consolidated into the financial statements of the NCAA.

The pandemic has raised the profile of Vermont’s captive insurance industry as more businesses have sought to self-insure, according to state officials.

ANNE WALLACE ALLEN, Seven Days

While the University of Vermont will not be crowned winners after this upcoming Monday’s championship, the State of Vermont surely won an impactful and lasting relationship with the National Collegiate Athletic Association. VCIA is happy to announce that their captive formation has joined our association on a free, first year trial basis.

My prediction for the Final Four winner (which is the sporting equivalent of a kiss of death)? Kansas Jayhawks. Who do you have?