Steven McElhiney Videos

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Steven M. McElhiney is the president and CEO of EWI Re, Inc., a subsidiary of NL Industries, Inc. (NYSE: NL), and a member of the Contran Corporation group of companies.

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EWI Re, Inc.
5430 LBJ Freeway
Three Lincoln Centre, Suite 1595
Dallas, TX 75240
Tel: (972) 866-6815
Fax: (972) 866-6801

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Steven M. McElhiney is the president and CEO of EWI Re, Inc., a subsidiary of NL Industries, Inc. (NYSE: NL), and a member of the Contran Corporation group of companies. He also serves as the chief risk officer for Contran Corporation, which is a global, privately-owned holding company that, through wholly-owned and majority-owned subsidiaries, controls four public companies and a number of privately-owned companies. Contran Corporation is primarily involved with operations in chemicals, component parts, steel, and waste management. Mr. McElhiney is also the president of Tall Pines Insurance Company of Vermont (Contran Corporation’s captive insurance company) and Chairman of EWI Re (UK), Ltd., EWI Re’s London based subsidiary.

Upon joining EWI Re in 2004, Mr. McElhiney’s insurance industry experience had spanned over 2 decades with groups including Fireman’s Fund, TIG Specialty Insurance, Overseas Partners US Reinsurance Company, and Argo. He has served in the roles of CFO, corporate treasurer, ceded reinsurance division executive, chief investment officer, and board member. He has managed global commutations and was on the Creditors Committee of the English & American Insurance Company, representing North American creditors as a class as well as chairing Catastrophe and Security Committees with global organizations.

He is a past president and chairman of the International CPCU Society (2011–2012), a professional association of 24,000 members, and a past chairman of the board of the Vermont Captive Insurance Association (2011–2013).

Mr. McElhiney has an MBA in Corporate Finance and a BS, cum laude, from the University of Southern California. He attended graduate-level executive financial and management programs at Northwestern University’s Kellogg School of Management and the University of Michigan’s Ross School of Business.

Mr. McElhiney authored Fundamentals of Reinsurance and Reinsurance Markets for IRMI in 2012. He also authored a section on reinsurance commutations that has been used as required reading by The Institutes for the ARe program. He has been interviewed and quoted in a variety of insurance publications and is a frequent panelist at reinsurance, capital markets, CPCU, captive, and risk management industry events.


  • Insurance Captives Crash and Burn for These Reasons

     
    Captive Feasibility | Steven McElhiney | President & CEO | EWI Re, Inc.

    While insurance captives can be a powerful risk management tool, they also run the risk of being unsuccessful if not managed properly. In this video, Steve McElhiney, president and CEO of EWI Reinsurance, discusses the importance of having a consistent focus on the specific need that the insurance captive was formed to address. Effective governance and management direction, including both annual plans as well as more long-term goals, are critical for the success of an insurance captive. In addition to the risk controls and investment strategy that must come from the insurance captive itself, Mr. McElhiney also gives some examples of the types of service providers that can assist in fulfilling the organization's goals.



  • This Insurance Captive Helped Create $26M in Economic Value

     
    Captive Operations & Services | Steven McElhiney | President &  CEO | EWI Re, Inc.

    In this video, Steve McElhiney, president and CEO of EWI Reinsurance, provides examples of some of the specific benefits that an insurance captive can provide for an organization. Originally formed with approximately $250,000 in statutory capital, the insurance captive discussed in this video now provides $26 million in economic value and serves to address hazardous businesses with high severity risks. Mr. McElhiney also discusses how an insurance captive can address issues like catastrophic loss and restrictive sublimits with solutions that may not be available in the traditional marketplace.



  • Beware of Forming a Captive for Estate Planning or Tax Avoidance

     
    Captive Tax Issues | Steven McElhiney | President & 
    CEO | EWI Re, Inc.

    Microcaptives, or insurance captives formed for smaller degrees of premium and capitalization, can be highly beneficial. However, if formed for the wrong purposes, these types of insurance captives can be a risky endeavor. In this video, Steve McElhiney, president and CEO of EWI Reinsurance, discusses some of the motivating factors behind forming an insurance captive, differentiating between those that are likely to lead to positive results and those that are more likely to come under IRS scrutiny.



  • Captive Industry Growth Is Expected to Continue

     
    Captive Uses Trends & Innovations | Steven McElhiney | President & CEO | EWI Re, Inc.

    In this video, Steve McElhiney, president and CEO of EWI Reinsurance, provides his outlook on the growth potential for the insurance captive industry, both in the United States and internationally. In addition to Fortune 500 companies, in which insurance captives already play a large part, Mr. McElhiney also discusses other types of companies where growth may be expected. The growth expectations for specific countries and regions, including Japan, the European Union, China, South Korea, and Latin America, are also discussed.



  • Innovative Uses of Captives

     
    Captive Uses Trends & Innovations | Steven McElhiney | President & CEO | EWI Re, Inc.

    As discussed in this video featuring Steve McElhiney, president and CEO of EWI Reinsurance, insurance captives can be formed to address varied and unusual exposures. The costs of appeal bonds are one of several exposures that Mr. McElhiney mentions as examples of unique situations in which an insurance captive can provide cost savings and flexibility for a parent organization.



  • Reinsurance—How Captives Benefit

     
    Captive Uses Trends & Innovations | Steven McElhiney | President & CEO | EWI Re, Inc.

    The need to have a sufficiently leveraged capital position is critically important for an insurance captive. Steve McElhiney, president and CEO of EWI Reinsurance, discusses how reinsurance can help accomplish this goal, as well as act as a knowledge resource for insurance captives who may be expanding beyond their typical exposure bases. Also of importance to insurance captives are the coverage enhancements that reinsurance can facilitate above and beyond what may be available in the traditional market, a point which Mr. McElhiney touches on in the video.