The first Enterprise Risk Captive (ERC) Pioneers list has been published by Captive Review, recognising 20 of the key influencers in the United States’ smaller captive industry.
Other than a small degree of overlap with the 2015 Captive Review Power 50 – Tennessee’s Michael Corbett and tax expert Charles Lavelle appear on both lists while the State of Delaware, Marsh Captive Solutions and Artex Risk Solutions are represented on both – the ERC Pioneers is a nod to the unique nature of the fastest growing segment of the American captive industry.
Smaller captives are generally defined as those writing less than $1.2m in annual premium, allowing them to make the 831(b) tax election. If the legislative package now in front of Congress progresses, however, the annual premium limit will rise to $2.2m.
Being the first year Captive Review has run a separate list recognising this growing segment, every entrant is a debutant. Among the particularly notable inclusions, however, are Ryan Work, senior director for government relations at the Self-Insurance Institute of America (SIIA), Delaware’s insurance commissioner Karen Weldin Stewart and Kevin Doherty, partner at Nelson Mullins Riley & Scarborough’s.
Doherty is also chairman and president of the Tennessee Captive Insurance Association (TCIA), while Work has been leading SIIA’s lobbying efforts in Washington D.C concerning the tax extender package.
Commissioner Stewart has been the driving force behind Delaware’s rapidly growing captive industry and has taken a strong interest in the facilitation of captives for small and medium-sized businesses. Working closely with her captive director Steve Kinion (ranked number four in the Power 50), Stewart is an authoritative voice in this segment.
The full run down of the 2015 ERC Pioneers, ordered alphabetically by surname, is below. Rationale and pictures of all entries will be featured in the February edition of Captive Review, published in mid-January.
2015 Captive Review ERC Pioneers 2015
|Company / Organisation
|Executive Vice President-Enterprise Risk
|Director of Captive Insurance
|State of Tennessee
|Iroquois Captive Services
|Oxford Risk Management
|President & CEO
|Intuitive Captive Solutions
|CEO and General Counsel
|Capterra Risk Solutions, LLC
|President, Captive Services
|Artex Risk Solutions
|Nelson Mullins Riley & Scarborough
|Bingham Greenebaum Doll
|Atlas Insurance Management
|Captive Insurance Examiner
|State of Montana
|Senior Vice President
|Marsh Captive Solutions
|Active Captive Management
|Gordon, Fournaris & Mammarella
|Director, Captive Insurance
|Utah Insurance Department
|Karen Weldin Stewart
|State of Delaware
|Senior Director, Government Relations
|Self-Insurance Institute of America (SIIA)