IRMI Captive Seminar to Focus on Solutions for the Middle Market

Release Date: May 15, 2002
Contact: Contact Us

DALLAS�Middle market companies-those much too small to be counted among the Fortune 500-are being severely impacted by the hard insurance market. Unfortunately, their size does not give them the capacity to implement sophisticated alternative risk transfer (ART) programs on their own. However, they can create the capacity to do so by banding with other companies that are experiencing similar problems. International Risk Management Institute Inc.'s new seminar, Group Captives and Other ART Solutions for the Middle Market, will offer proven solutions for dealing with the hard insurance market using innovative ART programs.

Scheduled for three different dates and locations across the United States, this 1 �-day seminar is an intensive and focused learning session for financial officers, risk managers, association executives, consultants, and agents/brokers who are considering forming a group captive insurance company, participating in an existing group captive, or utilizing a rent-a-captive on behalf of a midsize organization. Two very experienced industry professionals will compare captives to traditional programs, explain how to evaluate whether a rent-a-captive or group captive will work for your firm (or clients), (more) outline a game plan for fast-tracking the formation of a group or association captive, and detail the most important keys to the success of a group captive insurance company.

Benefits from attending include:

• See how wholly owned, group, and rental captives compare to traditional alternatives
• Learn how rent-a-captives work and when they are a good choice
• Evaluate the protected cell captive concept
• Understand the difference between a risk retention group and an association sponsored captive
• Learn how to successfully form a group captive insurance company
• Find out what must be done to make a group captive succeed

Veterans with proven captive successes, Kathryn A. Westover and William S. McIntyre IV, will present Group Captives and Other ART Solutions for the Middle Market. Ms. Westover is president of Captive Advisory Services, an Argonaut company. As an independent captive consultant, she works with prospective captive owners, or owners of existing captives, on program structuring questions. William S. McIntyre IV, CPCU, is chairman and a shareholder of American Contractors Insurance Group, Ltd. (ACIG). ACIG is a highly successful group captive insurance company that was begun in the 1980s, with a total premium volume in excess of $75 million.

Seminar locations are Washington, D.C., on July 16 & 17; Dallas, TX, on July 23 & 24; and San Francisco, CA, on July 30 & 31, and the cost is $897. For more information on Group Captives and Other ART Solutions for the Middle Market, visit www.IRMI.com/seminars, contact us, or call 800-827-4242 and ask for the Conference Coordinator.

Founded in 1978, International Risk Management Institute, Inc., (IRMI), is a Dallas-based research and publishing organization specializing in risk management and insurance reference manuals, books, and newsletters. These references and the firm's website, IRMI.com, provide practical strategies and tactics for insurance buyers, human resources professionals, risk managers, agents, brokers, underwriters, claims adjusters, and attorneys. IRMI is also the sponsor of the annual IRMI Construction Risk Conference, which is the only national symposium devoted exclusively to managing and insuring construction risks. Visit www.IRMI.com, or call 1-800-827-4242 for more information.