Archives for "January, 2010"
Champlain Captive Management Purchased by Artex Risk Solutions
Another independent captive manager bites the dust. Recently, news has surfaced that the broker owned captive manager Artex Risk Solutions has purchased the independent captive manager Champlain Captive Management. This is not an unusual phenomenon nor is a trend, however, just last year IAS, another independent captive manager in Bermuda, was acquired by Marsh.
Champlain is [...]
VCIA Legislative Day
It was another successful event this year at the Capital in Montpelier. As usual, the Vermont Captive Insurance Association staff did a tremendous job of organizing the event and scheduling the group to have lunch with the Governor and the Lt. Governor with testimony to the various house and senate committees in the afternoon. It all came to a close at the evening reception with many of the state representatives and senators in attendance. It was Richard Smith’s first legislative day. Rich replaced Molly Lambert towards the end of 2009 as the President of the Vermont Captive Insurance Association after Molly was called upon by Senator Leahy to public service. Rich did a fine job of taking the reins from Molly and continued the professional manner in which Molly held the position.
Authors
Jeff, a Certified Public Accountant since 1990, has over 19 years experience in the captive insurance industry. Jeff has had experience working for a large broker, a self-managed captive insurance company and for the past 10 years has focused the majority of his time in the creation and formation of captive arrangements ranging from single parents to sponsored facilities to risk retention groups. He is an active participant with the Vermont Captive Insurance Association and other industry associations and has also spoken at several industry conferences. He has been a member of the VCIA’s legislative committee for the past 10 years. He is a graduate of the University of Vermont with a degree in Business Administration.
Gary, a Scottish Chartered Accountant, presides over the entire USA Risk Group family. He develops innovative alternative and traditional risk strategies and programs for clients and prospects of USA Risk Group. With over nineteen years of experience in the alternative market, he has been involved in the establishment of numerous single parent captives, association captives, risk retention groups, and traditional group insurance programs. He has also spoken at several national industry conferences, served on the NRRA membership committee, and was Treasurer of the Hawaii Captive Insurance Council. He currently serves on the Legislative Committee of the Vermont Captive Insurance Association and serves as a faculty member for the International Center for Captive Insurance Education.
