The nomination period for the 2015 Captive Review Power 50 is now open.
As ever, the Captive Review Power 50 will seek to identify the most influential professionals working in the global captive insurance industry.
From actuaries and tax experts to captive managers, fronting companies and risk managers, the industry is packed full with talented and powerful individuals.
More than 500 people voted in the 2014 edition and Captive Review expects to beat this record once more.
Last year the Power 50 was topped by Tom Jones, partner and tax lawyer at McDermott Will & Emery, while in 2013 David Provost, the captive regulator for Vermont, made his way to number one.
Guenter Droese, former risk manager of Deutsche Bank and chairman of the European Captive Insurance and Reinsurance Owners’ Association (ECIROA), was the highest placed European in 2014 at number six.
ERC Pioneers 2015
New for 2015, however, will be a separate list recognizing key players within America’s fast growing enterprise risk captive (also known as micro captives) industry. The ERC Pioneers 2015 will accompany the traditional Power 50 ranking.
An enterprise risk captive (ERC) writes less than $1.2m in annual premium and will typically make the 831(b) tax election in the United States.
“The growth in the enterprise risk captive industry has been exceptional and is particularly apparent within the emerging domiciles in the United States,” said Richard Cutcher, editor of Captive Review.
“While there is some overlap between players in the traditional, large corporate-owned captive space, a significant number of new service providers dedicated to ERCs have come to the fore over the last two years.
“By creating a separate category I feel we can correctly recognise a growing and important segment of the industry, while not diluting the original Power 50 which is designed to rank influencers on a global scale.”
Aside from the ERC Pioneers addition, the format for 2015 will closely follow the success of 2014. Each participant can nominate three of their peers for the global Power 50.
Those wanting to nominate for the ERC Pioneers 2015, can propose one individual.
Criteria for nomination are those individuals you believe to have been the biggest “movers and shakers” in the captive industry over the past 12 months. These are individuals who make considerable effort to influence and lead the industry outside of their everyday professional role.
Following a four week period of open voting, a 10 strong panel of experts from around the world will review the results and refine any anomalies.
To vote in both the 2015 Captive Review Power 50 and the ERC Pioneers 2015 click here.