Companies across the world are increasingly turning to captive solutions to replace their traditional insurance programmes. Evidence shows that insurance buyers across Europe are increasingly frustrated with rising premiums and slower claims service from the traditional market.
With every sign that this will continue for the foreseeable future, many are looking at the option of creating their own captive and becoming masters of their own programmes. This conference will consider these issues and also provide education and practical advice for those moving towards a captive option for the first time.
Drawing on the expertise of senior risk managers from across Europe, this three-day event will be packed with practical sessions, exploring both the risks and the opportunities ahead. It will also provide an opportunity for those who already have a captive to learn more about maximising their programmes.
This event is free to attend.
James Bohan is Head of Multinational and Global Fronting in Ireland. James has been with AIG for 24 years. James has expertise in the implementation of Multinational, Captive, Alternative Risk and Global Fronting initiatives.
James joined AIG Captive Management in Bermuda in 1997, he became Manager of the Barbados captive operations in 1999 and the Bermuda Captive operations in 2005. In 2008 he moved to the role of Controller in the Bermuda RISO. James moved to his current role is 2010.
James is a Fellow of Chartered Accountant Ireland and prior to joining AIG, James trained with Deloittes in Dublin, qualifying in 1995 and subsequently worked as Group Accountant for a Property Development Company.
Assistant Manager, Head of Global Fronting & Multinational, Ireland,
AIG
Andrew Bradley is recently retired as Head of Group Risk Services for Nestlé and as CEO of Intercona Re, the Group’s reinsurance captive.
Prior to joining Nestlé, Andrew began his career in the insurance industry in the UK working for both a national insurer and an international broker. In 1979 he joined the Insurance Department of the Nestlé Group in Vevey, becoming the Head of Group Risk Services in 2001.
In this role he implemented global insurance programmes for the Group and expanded the reinsurance captive from a premium volume of CHF 20 mio to CHF 150 mio per annum, including Employee Benefits and for a time a pet insurance programme for the USA. Intercona Re was presented with the Award of Excellence in Captive Management from the World Captive Forum in 2015 More recently, in recognising the need for efficiency in risk financing, an innovative digitalisation project was instigated.
A proponent of reducing risk by loss prevention on all lines of business Andrew and his team implemented programmes not only in Property, BI, Transport and Auto but also in Employee Benefits. AON presented Nestlé with its Innovation Award in 2014 for the road safety programme that was implemented and funded by the captive.
He was a member of both the Industry Insurance Panel and M200 as well as Chair of the Global Road Safety Partnership (GRSP) hosted by the IFRC in Geneva. A regular speaker at FERMA, SIRM, Insurance for Safer Roads and other industry events.
In 2018 Andrew was presented with a Life Time Achievement Award by FERMA.
Former Head of Group Risk Services,
Nestlé
Derek is currently Managing Director with responsibility for SRS’s European Risk Consulting Practice. Derek and his team providing statistical loss and exposure analyses, feasibility studies, and financial analysis for commercial insurers, captives and other alternative risk financing structures.
Derek is a regular participant on various EU panels covering topics including Alternative Risk Financing, Solvency II and Base Erosion and Profit Shifting (BEPS).
Prior to joining SRS, Derek led the International Captive Advisory Practice at Marsh overseeing the consultation with clients on the strategic direction for their captives, providing advice on whether a captive is the optimal risk retention vehicle to achieve the clients’ objectives.
Managing Director,
SRS Europe
Françoise Carli
President – Cofounder ZAKUBO Consulting
Independent Board member in startups and captives
Prior to this, Françoise Carli was Risk Manager – Vice President, Insurance, for Sanofi Worldwide and CEO and Board Member of various captives and insurance companies, for more than 12 years. Before that period, Françoise has held various Insurance and Risk Management related positions. She served as a CEO France at Zurich Financial Services. Françoise began her career at Framatome as a Technical Engineer and Central Cost Controller.
Françoise holds a Master of Science Degree in Structural Civil Engineering from Stanford University, a Master Degree in Finance from Université d‘Orléans and a PhD in Finance from H.E.C.
President and Cofounder,
Zakubo Consulting
Biography coming soon
MD,
Cutts-Watson Consultancy
Claudine is Head of EMEA Distribution Management for Swiss Re Corporate Solutions. She has more than 18 years of professional experience and has held senior roles in the insurance and banking sectors.
Prior to joining Swiss Re Corporate Solutions, she was Head of Risk Analytics Sales with Marsh in London. Earlier in her career, she also worked at Swiss Re as a Senior Structurer for reinsurance solutions. She is a Chartered Financial Analyst and holds an MBA from the University of Zurich.
Head of Distribution, EMEA,
Swiss Re Corporate Solutions
Alessandro De Felice is chief risk officer at Prysmian S.p.A., the world’s leading company in cable and high technology systems for energy and telecommunications. He is primarily responsible for facilitating the Prysmian Group ERM process in accordance with group guidelines and policies, proposing the risk management framework and preparing the necessary reporting documentation to the board of directors as well as implementing an appropriate infrastructure of processes, tools, methodologies and policies for managing and monitoring key risks, integrating risk management with strategy-setting and business planning.
Among other things, he is involved in project risk management related to the installation of high voltage offshore and land cables; in risk engineering and loss prevention; in the evaluation of risks linked to M&A activities; in supply chain risks and in the structuring and negotiation of corporate international insurance programmes.
He is also managing director of Prysmian Reinsurance Company, based in Dublin, the group’s captive operating as an Alternative Risk Transfer tool that writes property, casualty, credit and other specialty lines.
Alessandro is president of ANRA (the Italian risk and insurance managers’ association), and has served as board member and vice president of FERMA.
He is a Certified Risk Management Professional within RIMAP standards.
He is a lecturer and speaker in various professional courses such as ANRA/ALP, MIB Master programs in Trieste, the University of Parma and the University of Verona.
Chief Risk Officer,
Prysmian Group and ANRA Member
As head of AIG’s captive management operations, Bob is responsible for developing innovative, customized captive solutions for clients. This includes captive formations, feasibility studies, and the development of AIG’s sponsored captives.
In addition to serving existing clients, he manages the marketing and formation of new captives and has formed captives in numerous domiciles.
Bob serves on the Board of over 15 captives and is a frequent speaker at industry conferences. Several times Bob has been named to Captive Review Magazine’s “Power 50”, a list of the captive industry’s most influential and innovative figures.
Bob is a member of the American Institute of Certified Public Accountants and he has obtained the Associate in Reinsurance (ARe) designation from the Insurance Institute of America. Additionally, Bob currently serves on the Advisory Board of the World Captive Forum.
Head of Captive Division,
AIG
Charlotte leads Generali Employee Benefits partnership team, with the goal of expanding the capabilities that Generali Employee Benefits can provide to its multinational clients via third party service providers. Charlotte has over ten years’ experience in the private medical sector, working within Europe, Asia, and the Middle East. In this time, she has managed national brand campaigns for the UK’s leading private medical insurer, led the product division for an international private medical insurer and continuously leveraged third-party service providers to enhance service propositions and manage cost drivers.
Business Partnerships Manager, Business Accelerator,
GEB
Brian is Head of Structured Solutions at McGill and Partners, joining in August 2019 from Allianz Global Corporate and Speciality (AGCS) where he was the CEO of the UK operation. AGCS is one of the preeminent Global Corporate insurance providers across multiple industries. While at AGCS, his main focus was on successfully developing a cross class industry-based approach to clients. Brian began his career in Centre Re in 1992 focusing on large complex reinsurance transactions and later in developing structured solutions for captives. Brian combines his global experience in Dublin, London, Bermuda, New York and Australia, with roles across traditional and non-traditional Insurance/Reinsurance, Structured Credit Enhancement, Insurance Linked Securities to help clients develop new ways of thinking about structuring risk management solutions.
Head of Structured Solutions,
McGill and Partners
Otto Kocsis serves as Principal Business Resilience global corporations within a network of 800 Risk Engineers worldwide, to minimize overall cost of risk in the value chain and to strengthen organizational resilience. Key focus: innovation & partnerships for the provision & use of right tools as well as collaboration of stakeholders in the corporations to make risks along the value chain transparent and manageable.
Otto has been instrumental for the leading position of Zurich Commercial Insurance in managing business interruptions risks, whether in the internal or external value chain. Otto holds a PhD in physics of dynamic systems of the University Basel (Prof. Harry Thomas) as well as an Executive MBA of University of St. Gallen (HSG).
Principal Business Interruption & Resilience, Risk Engineering,
Zurich Resilience Solutions
Adrian Latimer was corporate risk manager at the world’s biggest oilfield service company for 15 years and for 29 years managed their captives in Bermuda, created new ones in Vermont and Cayman and subsequently transferred/merged/closed some down after acquisitions. This involved setting up fronting structures across 50+ countries and several insurers, negotiating ratings with AM Best, dealing with all compliance and regulatory requirements in several jurisdictions and managing internal corporate expectations. After leaving the company in 2020, he now runs his own consultancy.
Consultant
Carl Leeman is the chief risk officer of Katoen Natie, a privately-owned global logistics and engineering supplier to the automotive, petrochemical, consumer goods, retail and food industry.
His responsibilities are among others operational contracts, legal issues, claims handling, safety, security, insurance and environmental management and he coordinates those on a global basis.
He is chair of the board of the captive reinsurer Global Re and is a board member of Katoen Natie International s.a. He is also the vice president of Belrim (Belgian Risk Management Association) and was a previous board member of FERMA (European Risk Management Association) and previous president and executive chairman of IFRIMA (International Federation of Risk Management Associations). He studied at the Nautical College in Antwerp, and holds degrees in risk management, marketing, forwarding and insurance brokering.
Vice-President, BELRIM and Chief Risk Officer,
Katoen Natie
As Executive Chairman Ken is responsible for three of Miller’s business units – Marine & Energy, Special Risks, and Reinsurance – that provide risk and (re)insurance solutions to a wide variety of clients on a global basis.
He also has extensive experience in risk consulting for major global organisations in the areas of risk finance, reinsurance, non-traditional risk transfer and captives.
Ken has worked in the London market for over 23 years, having previously spent eight years overseas in Bermuda and Australia with a boutique captive and risk finance consultancy owned by a leading global reinsurer.
Ken holds a degree in business and finance from Dalhousie University, a qualified Canadian Chartered Accountant and Associate of the British Chartered Insurance Institute.
Ken was a former Bermuda #1 tennis player but now enjoys playing veterans tennis for his club and county (Surrey).
Miller and London Market Group
Stephen has over 20 years’ experience in the global insurance and reinsurance industry and has been with AIG since 2003.
His AIG career started in the Bermuda office, followed by Paris, then London and he is now back in Paris again. In his current role, he is responsible for the design and service delivery of multinational insurance programmes, with or without a captive, for multinational businesses with headquarters in Europe (excluding UK).
He is a Fellow of the Chartered Insurance Institute and a Chartered Insurer.
Head of Multinational, EMEA,
AIG
Joshua Nyaberi is head of captive fronting for Europe and also supports the Fronting Managers APAC and LATAM regions. He joined Zurich in 2014 and leads a team of fronting managers primarily based in Switzerland, France and Benelux. Joshua has broad experience gained in various successively challenging roles at PwC, Deloitte and later as a captive insurance manager in the Cayman Islands where he specialised in group captives for US member companies. Joshua studied Finance and Accounting at the University of Nairobi, Kenya and later earned his MBA from INSEAD business school in France.
Head of Captive Fronting Continental Europe,
Zurich
Pieter Nyssen is the Regional Captive Manager for Zurich in the Benelux. With over 27 years of experience in the insurance industry, Pieter is, in his current role, responsible for managing and developing Zurich’s Benelux captive fronting portfolio as well as for structuring and driving innovative solutions for domestic and international captive fronting programs in the Benelux.
Before joining Zurich in 2018, Pieter headed up the Multinational Complex Accounts department for AIG in the Benelux. Prior to that, Pieter held various local and regional positions at AIG in Marine Insurance.
Pieter holds a Master in Law and Master in Port and Maritime Sciences.
Regional Captive Manager,
Zurich
Biography coming soon
Head of Insurance,
ACS Financial
Dan has a career in insurance that began in Lloyd’s Syndicate over 25 years ago. Since joining AIG in 2005, Dan has held various positions including the design, implementation and management of large multinational, complex and non-traditional insurance solutions. For the last 9 years Dan has managed Global Risk Solutions – UK, AIG’s Alternative Risk Transfer group.
Alternative Risk,
AIG
Biography coming soon
Risk Manager,
Umicore
Biography coming soon
Member of a Captive Board
Andrea Valacchi started working for Generali Trieste in 1988, and moved first to Generali France and then, in 1991, to Brussels, where he was promoted Assistant Manager of Generali European Services (GES). In 2003, he joined Generali Employee Benefits global headquarters as Area Manager, and then Regional Manager, supervising Western Europe, and the GEB Network expansion in Middle East and Africa. From 2010 to 2015 Andrea was Director of the EMEA Region. In 2016 Andrea became global Director of Corporate with responsibility for managing large international programmes.
Director EMEA,
GEB
Fabian is a former Math Teacher and has 25 years of experience in the Insurance Industry. His several functions have always been dedicated to the Employee Benefits world. Initially focussing on all technical and actuarial aspects of the business, Fabian joined the Generali Group in 2002 where he was responsible for the local commercial development of the Belgian activities. Later in 2005 he took over the responsibility of the international portfolio.In 2015 he moved to GEB where he was responsible for the commercial and coordination activities for French & BeNeLux Head Offices. Since June 2018, Fabian is the responsible Regional Manager of the Luxembourg Regional Office covering the WEMEA region.
Regional Manager WEMEA,
GEB
Jason is a psychologist, founder of People Diagnostix and lead developer of innovative psychological health/wellbeing products including FlourishDx (www.flourishdx.com), and Flourishing at School (www.flourishingatschool.com). Over the past decade Jason has focused his attention on preventative health initiatives for the purpose of increasing wellbeing, productivity, safety and academic outcomes. In recent years, he has turned to developing technological solutions with the intent to make psychological health, safety and wellbeing accessible at scale and globally. He is also the co-host of the Psych Health and Safety podcast – where the goal is to rapidly progress the capabilities of OHS professionals globally.
Managing Director
BPsych (Hons),
MApp Psych (Occupational)
Adri van der Waart started his career at Arcadis, the leading global design and consultancy firm for natural and built assets, in 1980 where he specialised in forestry and forestry insurance. In 1998 he joined the Arcadis insurance management team as insurance manager for the Netherlands and related Dutch activities. From 2005 the scope enlarged to Europe. Since 2010 he has been director global insurance for Arcadis.
Adri is responsible for the total scope of insurance solutions globally, related to the operational risks in terms of Professional and General Liability, D&O, Fraud, Cybercrime, Construction and Remediation, Travel and Personal Safety for those who are traveling and/or working abroad for Arcadis.
Adri has been a board member of NARIM since 2012, and from 2018 also president of NARIM.
Director Global Insurance, Arcadis and President,
NARIM
Caroline has worked in the risk and insurance industry for over 20 years, she is well known as a leading business interruption expert. She spent 15 years in claims as a Forensic Accountant for Insurers and also previously for Insureds. Caroline was EMEA property practice leader and Global head of the BI centre of excellence for Marsh. She specialises in the investigation of claims on behalf of Insurers, enhancing relationships with Insureds through Claims Collaboration projects, including pre-loss review/development work. She also works as single expert. Her experience is perfect for captives that need to understand/quantify risk before taking it on, and capture data for continuous improvement.
UK Director and Practice Leader,
Meaden & Moore
Fabian is a former Math Teacher and has 25 years of experience in the Insurance Industry. His several functions have always been dedicated to the Employee Benefits world. Initially focussing on all technical and actuarial aspects of the business, Fabian joined the Generali Group in 2002 where he was responsible for the local commercial development of the Belgian activities. Later in 2005 he took over the responsibility of the international portfolio.In 2015 he moved to GEB where he was responsible for the commercial and coordination activities for French & BeNeLux Head Offices. Since June 2018, Fabian is the responsible Regional Manager of the Luxembourg Regional Office covering the WEMEA region.
Regional Manager WEMEA,
GEB
Jason is a psychologist, founder of People Diagnostix and lead developer of innovative psychological health/wellbeing products including FlourishDx (www.flourishdx.com), and Flourishing at School (www.flourishingatschool.com). Over the past decade Jason has focused his attention on preventative health initiatives for the purpose of increasing wellbeing, productivity, safety and academic outcomes. In recent years, he has turned to developing technological solutions with the intent to make psychological health, safety and wellbeing accessible at scale and globally. He is also the co-host of the Psych Health and Safety podcast – where the goal is to rapidly progress the capabilities of OHS professionals globally.
Managing Director
BPsych (Hons),
MApp Psych (Occupational)
Adri van der Waart started his career at Arcadis, the leading global design and consultancy firm for natural and built assets, in 1980 where he specialised in forestry and forestry insurance. In 1998 he joined the Arcadis insurance management team as insurance manager for the Netherlands and related Dutch activities. From 2005 the scope enlarged to Europe. Since 2010 he has been director global insurance for Arcadis.
Adri is responsible for the total scope of insurance solutions globally, related to the operational risks in terms of Professional and General Liability, D&O, Fraud, Cybercrime, Construction and Remediation, Travel and Personal Safety for those who are traveling and/or working abroad for Arcadis.
Adri has been a board member of NARIM since 2012, and from 2018 also president of NARIM.
Director Global Insurance, Arcadis and President,
NARIM
Caroline has worked in the risk and insurance industry for over 20 years, she is well known as a leading business interruption expert. She spent 15 years in claims as a Forensic Accountant for Insurers and also previously for Insureds. Caroline was EMEA property practice leader and Global head of the BI centre of excellence for Marsh. She specialises in the investigation of claims on behalf of Insurers, enhancing relationships with Insureds through Claims Collaboration projects, including pre-loss review/development work. She also works as single expert. Her experience is perfect for captives that need to understand/quantify risk before taking it on, and capture data for continuous improvement.
Director and Practice Leader,
Investigative Accounting Group
This session provides an overview of why risk managers and insurance buyers should be considering setting up a captive; including advice on how to sell the concept to the main board as well as outlining the benefits and opportunities of owning a captive.
Business interruption: Maximum input – minimal impact’ This session will explore the need for pre-loss work, including business interruption analysis and linking business continuity efforts to business interruption insurance. It will also look at how BI might be housed in a captive and how this may help at a time when capacity is difficult to find in the traditional insurance market.
The session considers protected cell captives and who is using PCCs. This session will take a concentrated look at the options available in Bermuda, providing an overview of how this market works; why companies would choose to locate a PCC in Bermuda; and what they would use such a vehicle for.
Having made a decision to launch a captive, one of the key questions will be whether to manage yourself or outsource it to a captive manager? This session will discuss the costs and benefits; how to choose a captive manager and whether to go local or go global.
From working at home to working in a high Covid-19 risk environment, everyone across Europe has been adapting to a new working environment. Many of the challenges and opportunities to emerge have centred on employee health, well-being and protection. Employee benefits are a key component of any corporate insurance programme so this session takes a look at how employee benefits can be managed within a captive structure. Speakers will focus on Medical and Mental Health risk management as one EB line of risk in a captive program.
We will show you how a leading provider of mental health risk management software can help companies to align with the new international health and safety guidelines (ISO45003), to be released this summer. Also how employers can identify psychological hazards across their global workforces and build strategies to reduce risks, focus on building positive mental health and boost practice among their employees. How a captive can support, you will hear from our experts Andrea, Charlotte and Jason.
Claims are always the sharp end of any insurance programme. The question is how can you best use your captive to maximise the effectiveness of the claims handling. This session will include suggestions and advice on how to structure a captive to make the claims operation run as smoothly as possible.
The standard insurance market has restricted capacity on offer for tricky risks such as cyber. How can I confidently include such a risk in my captive to ‘incubate’ it and what alternative solutions are on offer from the capital markets to support such a strategy?
This session provides an overview of why risk managers and insurance buyers should be considering setting up a captive; including advice on how to sell the concept to the main board as well as outlining the benefits and opportunities of owning a captive.
Business interruption: Maximum input – minimal impact’ This session will explore the need for pre-loss work, including business interruption analysis and linking business continuity efforts to business interruption insurance. It will also look at how BI might be housed in a captive and how this may help at a time when capacity is difficult to find in the traditional insurance market.
The session considers protected cell captives and who is using PCCs. This session will take a concentrated look at the options available in Bermuda, providing an overview of how this market works; why companies would choose to locate a PCC in Bermuda; and what they would use such a vehicle for.
Having made a decision to launch a captive, one of the key questions will be whether to manage yourself or outsource it to a captive manager? This session will discuss the costs and benefits; how to choose a captive manager and whether to go local or go global.
From working at home to working in a high Covid-19 risk environment, everyone across Europe has been adapting to a new working environment. Many of the challenges and opportunities to emerge have centred on employee health, well-being and protection. Employee benefits are a key component of any corporate insurance programme so this session takes a look at how employee benefits can be managed within a captive structure. Speakers will focus on Medical and Mental Health risk management as one EB line of risk in a captive program.
We will show you how a leading provider of mental health risk management software can help companies to align with the new international health and safety guidelines (ISO45003), to be released this summer. Also how employers can identify psychological hazards across their global workforces and build strategies to reduce risks, focus on building positive mental health and boost practice among their employees. How a captive can support, you will hear from our experts Andrea, Charlotte and Jason.
Claims are always the sharp end of any insurance programme. The question is how can you best use your captive to maximise the effectiveness of the claims handling. This session will include suggestions and advice on how to structure a captive to make the claims operation run as smoothly as possible.
The standard insurance market has restricted capacity on offer for tricky risks such as cyber. How can I confidently include such a risk in my captive to ‘incubate’ it and what alternative solutions are on offer from the capital markets to support such a strategy?
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