The 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. 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.
The USC Office of Admission has seen a small increase in the number of transfer applications received this year, though officials say the jump is not dramatic.According to Tim Brunold, director of undergraduate admission, the number of transfer applications is up about 3 to 5 percent.Brunold said the increase of California applicants is not drastically different than the overall increase in applications, though he suspects the slight increase can be attributed to the current turmoil in higher education.“It’s probably been a 200 application increase from California, which would be proportional to that overall increase,” Brunold said.With the recent budget cuts to California higher education, state community colleges and University of California schools have had to cut back on the number of courses offered to its students, raising a possible explanation for the increase in transfer applications.“I wouldn’t say that the increase has been dramatic,” Brunold said. “It’s not as if we are seeing a huge percentage increase from a certain type of school, but there definitely has been a reasonable size increase from the UCs. Last year we got about 400 from the UC system, and this year we have about 450 — an increase that is more than coincidental.”According to preliminary data, the quality of the transfer applicant pool has also stayed at a high level, a trend that the admission office said it sees every year.“We do ask for students to self-report what their GPA is, and that number is at the same high quality it has been in past years,” Brunold said. “Those patterns look similar, which is a very positive thing for us.”For Kevin Khakshouri, a junior majoring in policy, planning and development, his transfer from Santa Monica College to USC brought with it a change in work ethic.“You have to do a lot more reading; it’s basically more work,” Khakshouri said of his transition to USC. “I could get by without doing the reading, whereas at ’SC I can’t wait till the last minute. I have to stay consistent.”For USC, the recent transfer applicant pool is indicative of the increasing caliber of students looking to transfer.“Our transfer applicants are very high quality. Last year the average transfer had a 3.65 GPA. Every indication so far is that the quality has stayed the same. It certainly has not gone down,” Brunold said. “It’s getting to the point where the typical rate of transfer admission is similar to freshman admits.”