International Center for Captive Insurance Education finishes year in black

first_imgThe Bermuda Insurance Managers’ Association (BIMA) is again offering two full scholarships to the Associate in Captive Insurance (ACI) designation program. The scholarships will be announced in early June at the Bermuda Captive Conference. The following individuals recently completed the Associate in Captive Insurance (ACI) professional designation:Satyajeet Beekarry, PriceWaterhouseCoopers – Grand CaymanAmber Breaux, Alliant Insurance – TXTammy Chute, HSBC Bank (Cayman ) Limited – Grand CaymanJordan Cohen, Physicians’ Reciprocal Insurers – NYAudrey Dixon, HSBC Group – Cayman – Grand CaymanJesse Lussier, USA Risk Group – VTLynsey Marfleet, Aon Insurance Managers – Grand CaymanKristen Minton, Regions Insurance – ARJason Oswald, CNA Insurance – COGregory Petrowski, GPWA – AZLarry Prudhomme, GPWA – AZDaniel Seman, ALPS Corporation – MTTracy Stopford, USA Risk Group – VTTom Syzek, Premier – OHAmanda Wescott, USA Risk Group – VTLori Wind, Wilmington Trust – SC Housing Authority Insurance Group (HAIG) will again be providing the Harry House Scholarshipsreserved for minority students in a college or university risk management program. This opportunity will offer one student a complete ACI scholarship and an additional student will be awarded an individual course scholarship. New Courses and InstructorsICCIE continues to add more new electives to its stable of courses. The first new elective of 2011 is “Captive Board Governance,” which will be offered for the first time this month. Taught by John O’Brien, Wendy Fisher, and Tom McMahon, the course takes an in-depth look at corporate governance from the perspective of the Board of Directors. Both the Harry House Scholarship and the Distinguished Scholar Award will be announced at the VCIA 2011 conference in August. Recent ACI recipients ICCIE is also excited to announce that Derick White will soon be co-teaching (along with Chaz Lavelle) the core course “Forming and Operating a Captive.” The former long-time Vermont regulator, now with Strategic Risk Solutions, will debut in this role later this spring.center_img In another exciting development, ICCIE continues to partner with industry conferences for live seminar broadcasts. Following up on last October’s live webcast of a seminar panel from the Hawaii Captive Insurance Conference, ICCIE’s next live conference webcast will be from CICA on March 14th. “To FASB or to IASB” is the conference seminar to be webcast live and then rebroadcast the following morning. The panel will feature Joel Chansky and Magali Welch. Later in the year a 14th ICCIE course in development will be announced and taught for the first time. Both “Captive Board Governance” and the upcoming elective have been developed with the aid of a Next Generation (Act 46) Grant from the Vermont Department of Labor. The International Center for Captive Insurance Education (ICCIE), based in Burlington, closed the book on 2010 by finishing another year in the black – and by graduating 50 Associates in Captive Insurance (ACIs), bringing the total to date to nearly 200 industry professionals who have completed the captive industry’s only designation.Scholarships to ICCIE for 2011Several scholarships to ICCIE available in the past are again being offered in 2011. These opportunities are: John O’Brien                       Wendy Fisher                  Tom McMahon The Vermont Captive Insurance Association (VCIA) is the sponsor of the Distinguished Scholar Award, a full scholarship to the ACI program offered to a VCIA-member individual based on industry participation and community service.last_img read more

‘Fresh thinking in pensions’ leads to new worldwide analytics tool

first_imgFord Motor Company is now in a position to compare the value of the pension provision across its more than 120 schemes in 36 countries after working with investment consultant Redington to develop a new analytics and scoring system.According to Redington, a key aim for the multinational company was to use the tool to provide a consistent analysis of the “retirement readiness” of its employees.It said a new digital platform had been developed that provides visualisation of how assets and costs are distributed across countries and schemes, with millions of data points collated for each pension scheme.In addition, a pension scoring system has been created that awards a score out of 100 to each of Ford’s pension schemes based on up to seven underlying factors, including investment performance, costs and charges, contribution rates and retirement outcomes. Ford has been added to Redington’s ADA fintech platform – named after Ada Lovelace, born in 1815 and described by some as one of the earliest computer programmers – as part of the launch of the new tool.“This project was a great example of thinking differently in pensions”Oliver Payne, EMEA pensions manager at FordOliver Payne, EMEA pensions manager at Ford, said: “This project was a great example of thinking differently in pensions.“The ADA system means we can move away from our traditional approach of collating and analysing pensions data on an individual project basis. We now have consistent, reliable data available for each project which means we can now be more proactive in the way we look at the costs and value of pension plans around the world.”Adam Jones, chief technology officer at Redington, said: “We are hugely excited to continue our work with Oliver and the team to explore how we can further develop the tool, and ensure Ford remains on the front foot when it comes to pensions analytics.”last_img read more