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Detailed Conference Agenda

How have the recent financial stresses affected the insurance market and where is the industry in terms of market cycle? Find out the projected outlook and plan accordingly.

• Indicators for immediate hard market vs. longer transition
• Longer prospects for continuing softening vs. market turnaround
• Impact on pricing and availability
• Implications to captives and captive strategies

Source intelligence to help you get the right business plans in place.

Multi-national exposures, increasing premiums and the various types of risk coverage required are just some of the challenges facing risk managers. Join our executive panel members as they share their thoughts and experiences.

• Role of risk manager in exploring ARTs
• Challenges, unexpected and success factors with captives
• Corporate governance and relationships

Hear first hand from leaders in risk management and share best practices for implementation.

Interact with conference speakers and fellow attendees. Secure important new business contacts and talk about the latest in captives.

While a captive can minimize the long-term cost of risk, it also has the ability to become an integral part of the company’s capital management strategy. Find out how it’s possible to enhance the captive’s value beyond initial expectations.

• DPut your captive’s “underemployed” capital & surplus to work
• Walk through a detailed example using financial language & terminology
• Judicious use of this technique could add “profit center” to the standard list of captive benefits (without adding 3rd party business)

Learn a new application for your captive and contribute positively to the bottom line.

This session will tackle the most important developments in fronting and provide answers to some pressing questions on the relevance and significance of creating and maintaining fronting relationships.

• Recent developments and trends
• Benefits and drawbacks of fronting
• Changing tax regulations and effect on captive fronting

Take away information to help you decide if fronting arrangements are still needed and what’s right for you.

Dean Cox,
Vice President, Alternative Risks,
Zurich Insurance Company

Join the conference speakers and your peers for a relaxing luncheon.
This is your opportunity to make new contacts and discussed the ideas presented in the morning.

With 50+ domiciles available, how will you decide? This session will help you stay up to speed on developments on the largest and fastest growing jurisdictions around the world. Source information to help you pinpoint the right fit.

• Onshore vs. offshore: licensing and administrative issues
• Regulative changes affecting your domicile choice
• Assess options and associated benefits

Determine the best investment domicile for your captive.

Captive insurance companies are generally required to demonstrate their ability to pay claims, even in the worst of times. Hear about developments in the capital markets and explore strategies for securing collateral.

• Assess merits of collateral types: L/C, trust and funds withheld
• Examine your investment and banking relationship in the current environment
• Develop strategies to improve and maintain access

Take away information to help you manage your company’s need for collateral during financial turmoil.

One of the most important decisions in setting up or ongoing management of captive operations is that of reinsurance. This session will provide you with:

• Survival Guide for a chaotic market
• Who’s actually reinsuring captives
• Techniques for reinsuring

Take away information to enhance and fine-tune your reinsurance buy.

International Financial Reporting Standards (IFRS) and Solvency II are changing the way companies and regulators look at financial statements and capital requirements all over the world.

• Understand the literature available and what it means
• Process and developments of IFRS in Canada
• Assess the more direct implications for Canadian-parented captives

Develop an appreciation of how upcoming changes in financial reporting will impact your business.

Keep the networking going!
Join us for complimentary appetizers in the hotel lounge.**

In April 2007 Bill C-37, an Act to amend the law governing financial institutions came into force. This Act proposes to change part XIII of the federal Insurance Companies Act which will shift OSFI’s regulatory focus to the location of the insurance transaction rather than the location of the underlying risk.

• Impact of changes on Canadian marketplace
• Federal and provincial regulatory framework harmonization
• Interpretation and address issues

Adjust to the complexities of the new regime that will come into effect in 2010.

As the primary provider of coastal ferry service in British Columbia, BC Ferries needs to insure its physical assets as well as legal liability for injuries and damage. In addition to conventional insurance, BC Ferries also established a captive which began operations in April 2005. Hear how it all came together.

• From consideration to implementation
• Benefits in using a captive and disadvantages
• Buy-in from the board and corporate governance issues

Learn how a captive could help your organization more effectively allocate the cost of risk.

Enjoy a cup of coffee or tea and interact with the speakers and fellow attendees. Share your experiences and expertise on captives.

With increasing media, investor and regulatory scrutiny, businesses can no longer afford to ignore the risks associated with climate and environmental change. Find out if a green strategy is right for your business and reputation.

• Assess the environmental risks applicable to your business
• Existence of “green” captive and self insuring
• Green coverage for damaged property or replacement

Explore if a “green” captive is a fit and contribute positively to your business.

A growing number of organizations have started to or are exploring funding employee benefits through a captive. Join a leading agricultural processor with hands-on experience and learn how the organization worked through the process for success.

• Challenges and opportunities
• Control over claims and adjudication
• Best practices and strategies in working with HR

Hear insights on how to make funding employee benefits through a captive a success.

Compare notes with your colleagues and conference faculty over a relaxing lunch. Make new connections with those in the captives industry.

As more companies continue to explore setting up or make more use of their captives, it’s important to understand the tax intricacies involved. Join the leaders who have first-hand experience in captives.

• Canadian and international taxation of captives and updates
• Tax advantages of captives
• Compliance issues with your onshore and offshore captives

Navigate the tax treatments of captives and better take advantage of the benefits.

Corporate governance requirements are a pressing development facing risk
Management executives. Hear best practices in internal governance and effective risk management strategies.

• Corporate governance model and benefits for captives
• Shape your captive’s governance structure to meet regulator demands
• Increase transparency with risk management and evaluation

How can captives be employed in unusual ways to underwrite third party risks? Take away information on using captives in a strategic manner.

• Opportunities for profitable third party business
• Risks and benefits of third party business
• Benchmarking captive operations

Hear how you can benefit from using your captives in innovative ways.

Obtaining a financial strength rating for your captive insurance operations can provide both economic and market perception benefits.

• Benefits of getting rated in the current financial and market context
  
• Criteria to use when choosing a rating agency
  
• Evaluate your captive’s composite risk profile, in advance of any third party review

Explore if a captive rating is the right fit for your organization

Bill Morgan,
Managing Director,
Aon Insurance Managers (BC)