Managing the cost of insurance, such as health, workers’ compensation, property, or general liability insurance, can be challenging. More and more, companies are turning to captive insurance to manage and finance their own risk, with the overall intent of saving their organizations money while protecting their assets. Perhaps a signal to this growing trend is the State of Hawaii recently receiving the 2018 Domicile of the Year Award (200+ Captives) at the U.S. Captive Review Awards.
In this seminar, you will gain insight from three experienced professionals in the insurance industry, as well as a leader from a large, local organization that currently has a captive. Together, they will help you understand issues such as:
- What is captive insurance?
- What are the pros and cons of having a captive?
- What kind of employers would benefit most from captive insurance?
- What types of insurance risks are written in captives?
- What is the process of setting up a captive?
- Why domicile in Hawaii?
Attendees who would benefit most from this seminar include a company’s CFO or controller, president or COO, risk managers, and high level HR professionals interested in managing risks and controlling insurance costs.
Andrew Kurata, Deputy Commissioner and Captive Insurance Administrator for the Department of Commerce and Consumer Affairs Insurance Division. Andrew’s primary job is to oversee the day-to-day operations of the Captive Insurance Branch, which includes, among other things, reviewing captive applications and business plans, and overseeing regulatory examinations and financial surveillance for the captive insurance companies licensed in the State of Hawaii. He has been with the Insurance Division since 2011 as a captive insurance examiner and captive insurance program specialist. Prior to that, he worked in the audit department at KMH LLP.
Ryan Nobriga, Vice President of Finance at Hawaiian Dredging Construction Company, Inc. Ryan is responsible for the financial, risk management, and IT functions for Hawaiian Dredging. He has 20 years of experience in the financial arena and has served in many leadership roles in the community. Ryan currently serves as the Vice President of Hawaii Captive Insurance Council and as the Treasurer for the Board of Directors of Marimed Foundation, in addition to serving on the Finance and Legislative Committees of General Contractors Association. In 2018, Hawaii Business Magazine recognized that Ryan will have a major impact in Hawaii over the next two decades and featured him in its “20 for the Next 20: Hawaii’s People to Watch” edition.
Paul B. Shimomoto, Partner at Goodsill. Paul practices primarily in the areas of corporate and insurance regulatory law, with an emphasis in captive insurance. He regularly handles matters pertaining to formations, conversions, corporate governance, mergers & acquisitions, complex liquidations, reinsurance agreement and trust transactions, commutations and novations, policy drafting and redomestications. His captive and insurance regulatory clients include publicly-traded Fortune 500 and Global 500 companies from the U.S. and Japan. Paul has achieved the highest rating of “AV Preeminent” by Martindale-Hubbell, and since 2013, he has been consistently recognized as a “Top Rated Lawyer” in Insurance Law by the American Lawyer and Corporate Counsel Magazines.
Jerry D. Messick, Principal and Managing Director for Elevate Captives. Jerry has 35 years of experience in the insurance and captive industry. With offices in Hawaii, New York, Oklahoma, and Arizona, Elevate is a captive consulting and services firm that focuses on multiple industries and trade groups, including hedge funds, grocer owners/associations, financial institutions, manufacturing companies, and all providers in the healthcare space. Prior to buying into Elevate, Jerry was with a national provider of alternative risk services since 1985, where he held senior management positions with responsibility for loss control, marketing, finance, and captive insurance company operations. He is a specialist in board governance and the effective and conservative structuring of various captive and self-funding vehicles. In his position with Elevate, he is an approved captive manager in multiple jurisdictions, both onshore and off. Jerry currently serves as Chairman Emeritus of the Board for the Oklahoma Youth Orchestras, Founding Member and President of the Oklahoma Captive Insurance Association, member of the Captive Committee of the Self Insurance Institute of America (SIIA), and Chairman of the Captive Manager Code of Conduct Task Force for SIIA.
Friday, May 31, 2019
9:00 a.m. to 10:30 a.m.
Central Union Church - Family Life Ctr., Rm 201
Members ~ No Charge
Non-Members ~ $25.00
Click here to download the registration form to pay by check. Please mail check and registration to the attention of Francine Fong. Payment must accompany the registration form to be processed.
1660 S. Beretania Street
Family Life Center, Room 201
Honolulu, HI 96826