Corporate Governance


What Makes a Successful Risk Culture?

As captives have matured and continued to flourish, they are being called upon to expand the risks that they underwrite. Captive boards and management should work to understand that, as their risk appetite grows, so should their dedication to building a successful risk culture within the captive.
June 19, 2017 Read More
  Investment Report-SF

Captive Insurance Assets and Investment Policies

It is important for captive board members to be conversant in certain key concepts. This article, fourth in a series, looks at assets of captive insurers and the components of an investment policy.
March 13, 2017 Read More
  Board Member Learning-SF

Insurance Pricing—A Key Concept for Captive Board Members

Captive board members should become conversant in the key concepts applying to captives. This article, third in a series, looks at pricing coverage for captive insurers.
March 08, 2017 Read More
  New Member Sign-SF

Basics of Loss Development Triangles

As a member of the board of a captive insurance company, you have a responsibility to understand the key concepts that underpin how the captive performs. This second in a series of articles continues this educational process, focusing on the concept of loss development.
February 20, 2017 Read More
  Key to Success-SF

Key Concepts for New Captive Board Members

Captive insurance company board members have a responsibility to understand the key concepts that underpin how the captive performs. This is the first in a series of articles that explores these concepts, focusing on financial statements and actuarial reports.
February 13, 2017 Read More
  Audit Committee-SF

6 Audit Committee Concerns for Captives

One of the most important committees a captive should incorporate into its governance structure is an audit committee. This article presents 6 key audit committee takeaways from a KPMG survey, along with commentary related to captives.
January 11, 2017 Read More
  Utah Flag

Board Governance: A Cautionary Tale for Group Captives

A recent audit by the Office of the Utah State Auditor of a public entity pool located in the state provides a cautionary tale to group captives about the need for strong board governance. We recognize that there are differences in public entity pools and group captives, with the major one being that public entity pools are funded by taxpayer dollars. However, a number of the points raised within the audit concerning how the pool is governed are applicable to group captives as well.
August 18, 2016 Read More
  Feedback Meeting

Captive Insurance Boards Should Consider Commonsense Principles

Last week a group of Fortune 100 business leaders including Warren Buffett and Mary Barra released a list of "Commonsense Corporate Governance Principles."
July 25, 2016 Read More
  Board Executive Session

Captive Insurance Company Boards Should Consider Executive Sessions

The question of whether a captive insurance company's board of directors should meet in executive session without the captive manager or chief executive being present has always been problematic. As captives have matured and become mainstream, this issue deserves additional analysis.
June 29, 2016 Read More
  Board of Directors

Captive Insurance Company Board Director: Prepare To Recruit

If your captive domiciliary regulator has not encouraged your captive to have a professional independent director knowledgeable about captive operations and finance, it will probably be doing so in the future.
June 15, 2016 Read More