Captive Thought Leaders

John Alberici | Chairman | Alberici Corporation

John Alberici Image

John Alberici is chairman of the board for Alberici Corporation, a diversified North American construction company. John’s responsibility is to ensure the long-term viability of all Alberici enterprises and to increase the company's value for shareholders, employees, clients, and other stakeholders. Alberici Corporation owns three single-parent captives used for various strategic and tactical purposes.

Contact Info

8800 Page Avenue
St. Louis, MO 63114
[email protected]
www.alberici.com
(314) 733-2000
Fax: (314) 733-2001

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John Alberici is chairman of the board for Alberici Corporation, a diversified North American construction company. John’s responsibility is to ensure the long-term viability of all Alberici enterprises and to increase the company's value for shareholders, employees, clients, and other stakeholders. Alberici Corporation owns three single-parent captives used for various strategic and tactical purposes.

A Life Director of the Associated General Contractors of America (AGC), John is past chairman and an active member of the AGC's Surety and Risk Management Committees. He has served on Strategic Planning Task Groups at the local and national level of the AGC and he is past president of the AGC of St. Louis. He is also past chairman of the Vermont Captive Insurance Association.


Gary Bowers | Tax Partner | Johnson Lambert

Gary Bowers

Mr. Bowers is the tax partner-in-charge for the public accountant firm of Johnson Lambert LLP. He has served the financial services, not-for-profit, and employee benefit industries for the majority of his 32-year career.

Contact Info

700 Spring Forest Road, Suite 115
Raleigh, NC 27609
[email protected]
(919) 719-6400

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Mr. Bowers is the tax partner-in-charge for the multi-office certified public accountant (CPA) firm of Johnson Lambert LLP. He has served the financial services, not-for-profit, and employee benefit industries for the majority of his 32-year career and has worked exclusively with his clients in helping them to plan their tax strategies. Mr. Bowers has extensive experience in dealing with corporate tax planning issues, corporate tax compliance, reorganizations, and negotiations with the Internal Revenue Service (IRS) to resolve issues. He also has had experience in dealing with the national office of the IRS related to private letter rulings and change in accounting method requests. Mr. Bowers has also helped clients with their unrelated business income tax (UBIT) issues, proxy tax, supporting organizations, and exempt status.

Mr. Bowers believes in a proactive approach to taxation matters through a complete understanding of each client’s business and its objective. He regularly speaks on taxation matters for Insurance Accounting and Systems Association (IASA), Captive Insurance Companies Association (CICA), South Carolina Captive Insurance Association (SCCIA), and Vermont Captive Insurance Association (VCIA). He has also authored several articles for the National Underwriter, Captive Review (2004), and CICA.

After earning his B.B.A. degree at the University of Georgia, Mr. Bowers attended Georgia State University, where he earned the equivalent of a master’s degree in taxation. He is a CPA.


Jeremy Colombik | President | Management Services International

Jeremy Colombik

Jeremy Colombik is the president of Management Services International (MSI), which currently is one of the largest captive managers in North Carolina and manages over 100 businesses that are utilizing a captive insurance company structure.

Contact Info

Management Services International
3820 Merton Drive
Suite 212
Raleigh, NC 27609
Tel: (787) 200–3358
E-mail

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Jeremy Colombik is an experienced, licensed financial professional. He is a graduate of Western Illinois University, where he obtained a bachelor of business degree with a major in finance. Mr. Colombik is a licensed CPA and a member of the American Institute of Certified Public Accountants and the North Carolina Association of Certified Public Accountants. He has been in the captive industry for over 10 years, is a member of the Captive Insurance Companies Association, and is chairman and member of the North Carolina Captive Insurance Association.

Mr. Colombik is president of Management Services International (MSI). MSI currently manages over 100 businesses that are utilizing a captive insurance company structure. MSI currently is one of the largest captive managers in the state of North Carolina.

Mr. Colombik specializes in IRC Sec. 831(b) captives. He is a sought-after speaker for professional groups, such as CPAs, lawyers, and financial advisers, on how a captive structure works and its benefit to their clients.


Martin Eveleigh | Chairman | Atlas Insurance Management

Martin Eveleigh

Martin Eveleigh is the chairman of Atlas Insurance Management, an independent leader in the formation and management of captive insurance companies for diverse clientele.

Contact Info

Atlas Insurance Management
7301 Carmel Executive Park
Suite 101
Charlotte, NC 28226
Tel: (704) 945–6620
Fax: (704) 945–6621
E-mail

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Mr. Eveleigh is the chairman of Atlas Insurance Management, which he formed in 2002. He began his career as a broker in the Lloyd's of London market in 1983. As executive director of the International Reinsurance Division of Willis, he negotiated and placed the largest marine excess of loss programs in the world. While with KPMG in the British Virgin Islands, he became a founding member of the British Virgin Islands Insurance Association.

Mr. Eveleigh specializes in designing alternative risk transfer programs—particularly risk pools—and captive structures. He has chaired the legislative committee of the Bahamas International Insurance Association and has drafted legislation and regulatory guidance for Anguilla and Nevis. He currently serves as a director of the North Carolina Captive Insurance Association and sits on the Alternative Risk Transfer Committee of the Self-Insurance Institute of America.

Mr. Eveleigh has an MA from Oxford, where he read jurisprudence and is a barrister-at-law. He is also a Chartered Insurance Practitioner and Associate of the Chartered Insurance Institute. He is based in the firm's Charlotte, North Carolina, office.


Alan Fleming | Chairman | Airmic

Alan Fleming

Mr. Fleming is a nonexecutive director of the Medical and Dental Defense Union of Scotland, CS Healthcare Ltd., and two captive insurance companies in Guernsey—one of which is Diageo. He also leads the Airmic Captive Special Interest Group.

Contact Info

6 Lloyd's Avenue
London, England EC3N 3AX
020 7680 3088

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Mr. Fleming started his career in 1964 with British Engine Insurance Company and in 1966 moved to Imperial Chemical Industries, where he was ultimately responsible for its global insurance programs and gained 29 years' experience in captive insurance and reinsurance. In 1993 he was appointed to Airmic as executive director and also served on the Court of Governors of the Institute of Risk Management.

He was heavily involved in the formation of Pool Re to address terrorism issues. He was head of risk management for Guinness PLC in 1995 and in 1997 was director of global risk management for Diageo. Mr. Fleming joined Railtrack Ltd. in 1999 as head of insurance and risk management and also from 2000 to 2001 served as chairman of Airmic. He was appointed a strategic account manager at Aon in November 2001 and joined the Guernsey Financial Services Commission as director of insurance regulation on November 1, 2003, where he served until December 2006. Mr. Fleming was appointed interim CEO of AIRMIC on July 1, 2007, where he served until January 2008.

He is currently a nonexecutive director of the Medical and Dental Defense Union of Scotland, CS Healthcare Ltd., and two captive insurance companies in Guernsey—one of which is Diageo. He also leads the Airmic Captive Special Interest Group.


Debbie Liebeskind | Actuary, Health & Group Benefits | Towers Watson

Debbie Liebeskind

Ms. Liebeskind is a senior consultant in Towers Watson's Health and Group Benefits practice and is located in the Parsippany, New Jersey, office.

Contact Info

8 Campus Drive, 4th Floor
Parsippany, NJ 07054
(973) 290-2500

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Ms. Liebeskind is a senior consultant in Towers Watson's Health and Group Benefits practice and is located in the Parsippany, New Jersey, office. She has been consulting on the design, pricing, and funding of benefit plans since 2000 and has more than 20 years of experience in the insurance business. Her recent work was mainly focused on life, health, and disability plans. It ranged across broad strategy, detailed analysis, valuation, population health and captive feasibility studies, and plan administration.

She authored "A Three Bears Strategy for DOL Benefits Reinsurance Approval" in Towers Watson’s 2012 Captive Compendium; "Reducing the pain and cost of rheumatoid arthritis" in the January 2006 edition of Employee Benefit News; "The Trend Toward Demutualization" in the December 2001 edition of Benefits & Compensation Solutions; and "Demutualization process could burden benefit plans" in the October 2001 edition of Employee Benefit News. She coauthored "Validation of Employer-Focused Actuarial Model for Measuring the Economic Burden of Chronic Obstructive Pulmonary Disease" in the May 2008 edition of Journal of Health & Productivity; "Employer Benefit Design Considerations for the Era of Biotech Drugs" in the June 2007 edition of Journal of Occupational & Environmental Medicine; "Addressing the Hidden Costs of Rheumatoid Arthritis" in the November 2005 issue of Managed Care; and "Biotech Injectable Drugs: Clinical Applications and Financial Effects" in the September 2004 issue of Biotechnology Healthcare.

Ms. Liebeskind began her consulting career at another major consulting firm following extensive work with a prominent insurer, where she gained broad experience in individual and group life product development, life and health product administration, pricing, underwriting, life sales illustrations, process redesign and implementation, asset/liability management, and project management. Ms. Liebeskind is a Fellow of the Society of Actuaries, a member of the American Academy of Actuaries, a Chartered Life Underwriter, and a Chartered Financial Consultant. She is a grader for the Society of Actuaries' Decision Making and Communication Module and a member of the Professionalism Education Management Committee.

Ms. Liebeskind has a bachelor's degree in statistics from Princeton University.


Michael Maglaras | Principal | Michael Maglaras & Company

michael-maglaras

With more than 35 years of healthcare liability insurance and consulting experience, Mr. Maglaras is the principal of Michael Maglaras & Company, an international insurance consulting firm specializing in providing insurance program consulting advice for a variety of healthcare providers and other businesses.

Contact Info

237 Hillside Road
Ashford, CT 06278
[email protected]
(203) 348-6100

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Mr. Maglaras is the principal of Michael Maglaras & Company, an international insurance consulting firm specializing in providing insurance program consulting advice, including self-insurance and captive insurance company feasibility testing and other alternatives to traditional insurance programs for a variety of healthcare providers and other businesses. Mr. Maglaras has had more than 35 years of healthcare liability insurance and consulting experience. He has been involved in the formation of more than 145 captive insurance companies, including four of the original companies formed after the passage of the federal Liability Risk Retention Act of 1986, as well as four insurers formed by state medical societies in the 1980s and 1990s as a result of the medical professional liability crisis in availability and affordability. He serves as an insurance consultant and risk management adviser to integrated healthcare delivery systems, physicians groups, and other healthcare providers nationally. He is a frequent author and lecturer on the subjects of risk financing, risk management, and healthcare liability insurance issues. He serves as an independent director on the boards of a number of captive insurance companies in various domiciles.


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

Image of Steve McElhiney

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.

Contact Info

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.


Mike O'Neill | CEO | American Contractors Insurance Group

Mike O'Neill

Mr. O'Neill has been involved in the construction insurance industry for more than 40 years; he joined American Contractors Insurance Group, Ltd., in August of 1984.

Contact Info

2600 N Central Expy, Suite 800
Richardson, TX 75080
[email protected]
(972) 702-9004

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Mr. O’Neill has been involved in the construction insurance industry for more than 40 years; he joined American Contractors Insurance Group, Ltd., in August of 1984. He is responsible for the overall operations of ACIG and its subsidiary companies. Mr. O'Neill is a frequent speaker for construction industry trade associations and is a recipient of International Risk Management Institute's Construction Risk Conference Words of Wisdom Award. His expertise lies in the areas of captive management, risk management, retention analysis, contractual risk transfer, development of specialized coverages, and risk funding programs. Mr. O'Neill has written many articles for construction industry publications, including AGC's Constructor, CFMA's Building Profits and Engineering News Record.

Mr. O'Neill received his Chartered Property and Casualty Underwriter (CPCU) designation in 1978 and his Associate in Risk Management (ARM) designation in 1981.


Hugh Rosenbaum | Retired Principal of Towers Watson

Hugh Rosenbaum

Mr. Rosenbaum is known for his articles in Captive Insurance Company Reports, Captive Review, and his "Hugh's Views."

Contact Info

Muswell Hill, North London
[email protected]
http://www.hughro.com
+447710 990 372

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Mr. Rosenbaum is known for his articles in Captive Insurance Company Reports, Captive Review, and his "Hugh's Views." He was coauthor of the original monograph Generally Accepted Captive Standards. He was awarded the first Distinguished Service Award from Captive Insurance Companies Association and is an honorary member of Vermont Captive Insurance Association. He lives in London, where he is still consulting to captive boards and owners while struggling with the incoming tide of Solvency II. He is best known for his efforts to demonstrate to finance directors, tax courts, and skeptical journalists the value added by captive insurance companies.


P. Bruce Wright | Partner | Eversheds Sutherland (US) LLP

Bruce Wright

Nationally recognized as an authority in the captive insurance industry, Mr. Wright counsels companies on a wide range of tax and insurance law issues, including formation of commercial offshore privately and publicly held entities.

Contact Info

The Grace Building, 40th Floor
1114 Avenue of the Americas
New York, NY 10036
[email protected]
(212) 389-5054

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Nationally recognized as an authority in the captive insurance industry, Mr. Wright counsels companies on a wide range of tax and insurance law issues, including formation of commercial offshore privately and publicly held entities. He also works with clients on the development of structured financial products such as securitizations, swaps, options, and similar products used as alternatives to conventional risk financing mechanisms such as “rent-a-captives” and “cell companies.”

Representing domestic and foreign-based clients, Mr. Wright advises property and casualty insurance companies, guides the formation of single-parent/group captive insurers, and counsels risk retention groups. With more than 4 decades of experience, he has helped clients successfully navigate an array of complex federal income tax issues such as debt or equity characterization, engaging in U.S. trade or business issues, continuity of interest, passive foreign investment company status, controlled foreign corporation status, limitations on the use of net operating losses, cancellation of indebtedness income, consequences of debt modification, original issue discount, federal excise tax, and state premium tax on premiums paid to foreign investors.

Mr. Wright also holds the Chartered Property Casualty Underwriter (CPCU) designation and speaks regularly at captive industry conferences.


Brady Young | President & CEO | Strategic Risk Solutions

Brady Young

Mr. Young is the principal owner of Strategic Risk Solutions, having been with the company since its inception in 1993.

Contact Info

2352 Main Street, Suite 204
Concord, MA 01742
[email protected]
(781) 487-9800

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Mr. Young is the principal owner of Strategic Risk Solutions, having been with the company since its inception in 1993. He led the management buyout of SRS to establish the company as an independent entity in August 2002.

As the firm’s CEO, he is responsible for the overall strategic development of SRS and also works directly with many of the firm’s larger and more complex clients. Mr. Young has more than 25 years of captive insurance experience and has worked with U.S. and European companies in most industries to assess the need for and optimize the role of their captive insurers. He has been involved in the formation of numerous captives and has provided strategic and operational consulting to many of SRS’s clients.

Prior to joining SRS in 1993, Mr. Young spent 8 years with Tillinghast-Towers Perrin. As principal in the firm, he managed the London, Boston, and Toronto risk management practices and worked on a variety of risk management- and captive-related assignments for corporations and groups covering a wide spectrum of risks and industries.