Facebook logo
Facebook logo
Facebook logo
Facebook logo

Latest Headlines

Captive Insurance Times home | Industry news | Karin Landry and Fiat Lux receive CICA awards ← You are here

[close]
Latest News
Exclusive: NCCIA weighs in as 1 May looms
21 April 2017 | Southern Pines
The NCCIA has filed a third-party observation in support of a lawsuit in federal court seeking a temporary injunction to stop the IRS from implementing Notice 2106-66 Read more

A.M. Best affirms National Grid captive
21 April 2017 | London
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer credit rating of “a” for the National Grid Insurance Company (NGICL), a captive of National Grid Read more

For more news visit our news section

Upcoming events
European Insurance Forum
Date: 25 May 2017
Location: Croke Park, Dublin
Find out more

Captives & Corporate Insurance Strategies Summit
Date: 05 - 06 June 2017
Location: Canada
Find out more

For more events visit our event section
Industry recruitment
There are currently no jobs available
For more jobs visit our recruitment section
Captive Insurance Times
View the latest issues online now

Sister publications
Securities Lending Times
http://captiveinsurancetimes.com

Asset Servicing Times
www.assetservicingtimes.com

Real Estate Investment Times
www.realestateinvestmenttimes.com

Media pack [download]
Ad specs [download]
Latest features
Cyber security regulations: The shape of things to come for captives?
Feature: In an environment of technological threats, cyber security is moving up the captive agenda, say EY Bermuda’s Daniel Message, Kerr Kennedy and Chris Maiato Read more

Cook Islands
Country profile: In an era of increasing uncertainty, Tamatoa Jonassen suggests that the Cook Islands can be a bridge to financial security in a captive Read more

Lisl Lewis :: London & Capital
Interview: Although ICC legislation was implemented in Barbados last year, SCCs are still leading the way, according to Lisl Lewis of London & Capital Read more

For more features visit our features section
Industry news
More industry news
Karin Landry and Fiat Lux receive CICA awards
13 March 2017 | San Diego | Reporter: Becky Butcher
Two awards for contributions to the captive insurance industry have been dished out at the Captive Insurance Companies Association (CICA) International Conference in San Diego.

Karin Landry has received the 2017 CICA distinguished service award, while Fiat Lux Risk and Insurance Company has been presented with the 2017 outstanding captive award.

Landry, managing partner of Spring Consulting Group, and a past board chair at CICA, accepted the award for making a “significant contribution to the captive insurance industry”.

Landry said: “Captives are the Legos of the insurance industry; there are a million different ways to piece them together and take them apart, allowing for infinite creativity. After 25 years in the industry, I am still excited to play with them and find the newest innovation to serve our clients."

“I am deeply humbled by this honor from CICA, and I want to thank our dedicated team and incredible clients for supporting me and giving me the opportunity to do the work I love," she added.

Fiat Lux, which received the outstanding captive award, was formed in 2012 as a single-parent captive for the University of California system, which consists of 10 universities, five medical centres, three national laboratories, 280,000 employees and generates approximately $30 billion in annual revenues.

The company has “grown considerably” under the leadership of Courtney Claflin, executive director of captive programmes.

Fiat Lux started out with just five lines of coverage for $25 million of premium. It now writes 25 lines of coverage at $900 million of premium, buys reinsurance directly and participates in quota share arrangements with reinsurers. In addition, a separate reciprocal risk retention group has also been formed.

Claflin suggested that the growth of the Fiat Lux programme is down to a supportive board of directors. He said: “It was really helpful to show how money saved or new revenues generated could support the universities’ mission of research, teaching, and public service.”



Cat losses estimated at $8.1 billion so far, says Macquarie
Macquarie Research’s catastrophe loss model estimates that losses for Q1 2017 currently stand at $ Read more

R&Q more than triples pre-tax profits in 2016
Randall & Quilter, the Bermuda-based non-life insurance investor, saw its year-end profits triple fo Read more

Capital supporting reinsurance continues to grow
Aggregate shareholders’ funds for companies making up the Willis Re index increased by 4 percent t Read more

Great American Insurance launches motor captive facility
Great American Insurance Group has launched a captive offering aimed at motor carriers with independ Read more

Cayman’s captive industry sees ‘buoyant start’ to 2017
The Cayman Islands has signed off on eight new insurer licences issued in Q1 2017 Read more

Captive Insurance Times site map
Home
Home

Sitemap

Issue archive
Back issues online
Recruitment
Recruitment
Events andtraining
Upcoming events

Upcoming training

Company info
About us

Contact us


Copyright (C) 2013 Black Knight Media Ltd. All rights reserved. No reproduction without prior authorization