Mike O'Neill Videos

Mike O'Neill
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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.


  • Use Consultants When Considering Captives

     
    Captive Feasibility | Michael O’Neill | CEO & President | ACIG

    Joining a captive insurance company is a momentous undertaking and must be considered carefully. In this video, Michael J. O’Neill of ACIG advises getting an unbiased, complete, professional captive insurance consultant involved in looking at all elements of the captive insurance company under consideration.



  • Group Captives Prompt Members To Manage Their Own Risk

     
    Captive Operation and Services | Group Captives | Michael O’Neill | CEO & President | ACIG

    Being part of a group captive insurance company influences members toward better risk management of fleets and sites and benchmarking of risk management and networking with other members of the group captive insurance company to discuss and manage common risk exposures, says Michael J. O’Neill of ACIG in this video.



  • Onboarding Process Critical When New Member Joins Group Captive

     
    Captive Operation and Services | Group Captives | Michael O’Neill | CEO & President | ACIG

    Michael J. O’Neill of ACIG explains the importance of having a process in place to bring new members of a group captive insurance company up to speed on what their membership will mean for their own company and how it will affect their operations. Communication channels between the group captive insurance company and its members should be firmly established early in the new relationship.



  • Tips for Group Captive Success

     
    Captive Operation and Services | Group Captives | Michael O’Neill | CEO & President | ACIG

    An important thing to keep in mind in order to successfully run a group captive insurance company, according to Michael J. O’Neill of ACIG, is that its members need to be effectively handling their safety, quality, and document retention programs. Strategies toward achieving these goals include networking committees, benchmarking, and competitive ranking within the group so that each member is striving not only for its own retention goals but for the group’s goals as well.



  • Three Critical Success Factors for Group Captives

     
    Group Captives | Michael O’Neill | CEO & President | ACIG |

    Michael J. O’Neill of ACIG names three critical factors needed for a group captive insurance company to succeed: a clear and concise mission statement about the entity’s purpose, a well-defined corporate governance policy concerning day-to-day operations and strategic goals, and transparency in terms of the investments that each member must buy into when becoming an insured.



  • Mission Statements Critical for Group Captive Success

     
    Group Captives | Michael O’Neill | CEO & President | ACIG 

    As mentioned in the video "Three Critical Success Factors for Group Captives," Michael J. O'Neill of ACIG elaborates on how the mission statement of a captive insurance company is vital to its success and is particularly effective when couched in terms of cost of risk instead of insurance concepts that may be foreign to the members of the group captive insurance company.



  • Group Captives: Good Solution for Contractors

     
    Industry Applications | Michael O’Neill | CEO & President | ACIG 

    Michael J. O’Neill of ACIG describes some of the advantages for contractors who use group captive insurance companies to handle risk management. Contractors have a very high cost of risk compared to other industries, and using a captive insurance company gives the contractor control over the pricing of risk, the coverages provided, and the claims-handling process.