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Corporate Governance

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Understanding the Essentials of the CEO/Captive Board Relationship

The importance of good CEO/board relationships cannot be underestimated. The purpose of this article is to look at what constitutes the essential elements of a good CEO/board relationship and how these elements can be adapted to fit the management model employed by a large number of captives.
August 26, 2020 Read More
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Key Facets of Captive Insurance Company Board Assessments

Board assessments can be valuable tools in improving the performance of captive insurance company boards. This article explores reasons for why board assessments might be necessary for captive insurance companies, the benefits they can offer, and options for conducting them.
August 19, 2020 Read More
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Why Your Captive Insurance Company Board Needs To Be Actuarially Sound

In today's environment, it's imperative that a captive insurance company board, or at least a number of board members, be actuarially sound. Take a look at what captive board members should know about actuarial analysis and why as well as actuarial terms board members should understand.
July 27, 2020 Read More
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COVID-19 and the Need To Think about Leadership and Crisis Management

As we self-quarantine and seek a return to normalcy, real leadership is called for. But what does leadership in a time of crisis look like? A "Wall Street Journal" article got us thinking. It has a lot to do with generative governance.
March 23, 2020 Read More
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A Primer on Governance Models for Captives

A look at five potential corporate governance models for your captive to utilize, including the major features and potential problems with each.
February 25, 2020 Read More
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Are You Ready To Serve on a Captive Board?

These three thoughts can help determine if you are ready to serve on a captive board of directors. Building from a "Harvard Business Review" article, we offer three other ways to determine if you should consider seeking a board role.
February 19, 2020 Read More
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3 New Year's Resolutions for Captive Insurers in 2020

We recommend three New Year's resolutions your captive may want to adopt in 2020. They encompass talent, risks, and innovation. Each comes with some of our thoughts and recommendations for additional reading. Happy New Year.
January 06, 2020 Read More
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A Primer on Leader's Intent for Captive Insurers

What is leader's intent all about, and why does it have practical implications for captive insurance companies? This basic primer answers the what, why, and how of the leader's intent management technique.
December 16, 2019 Read More
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Why Captives Need To Focus on Culture When Considering Governance

In this thought piece on captives' corporate culture and its impact on good governance, we explore why it is important, whether it is possible to measure, and how a risk management framework can be employed to help quantify corporate culture.
August 28, 2019 Read More
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AIRMIC Report on Independent Directors for Captives

There is a new report on the benefits to captive insurers of using independent directors and a guide on how to get started. We offer our views on the AIRMIC/AON paper and why captive owners and boards should take notice.
June 17, 2019 Read More
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PwC "2019 State of Compliance Study"—Implications for Captives

Learn the possible implications for captive insurers of the digital transformation of compliance and ethics based on PwC's "2019 State of Compliance Study." We offer our own insights on how this process is likely to impact captive insurance companies and what boards and management should be doing.
April 15, 2019 Read More
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3 Lessons from the Spirit Commercial Auto RRG Failure

The recent failure of Spirit Commercial Auto Risk Retention Group (RRG) should cause the captive industry to assess what went wrong and offer solutions. In this article, we look at three lessons we've learned from the failure and offer an analysis.
March 27, 2019 Read More
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Upping Your Governance Game Plan

We recently reviewed the report from the Strategic Risk Solutions corporate governance survey. While the overall results are encouraging, it is clear the captive community still lags behind our commercial competitors when it comes to good corporate governance.
February 27, 2019 Read More
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First Impressions—SRS Governance Survey

We provide a review and opinion on the recent Strategic Risk Solutions (SRS) captive corporate governance survey. We note where captives are falling short of best practices and also offer some thoughts for how captive insurers might improve.
February 20, 2019 Read More
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NACD Report—"Adaptive Governance: Board Oversight of Disruptive Risks"

A new report from the National Association of Corporate Directors (NACD) looks at disruptive risk and proposes a methodology for dealing with the problem. We offer some analysis of the report and explain how the recommendation concerning adaptive governance is similar to our prior discussions of generative thinking.
December 10, 2018 Read More
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Does Your Captive Suffer from Bad Directors?

Does your captive suffer from bad directors? What are the key characteristics of a bad director, and how do you address the issue? In this article, we look at the four attributes described in the National Association of Corporate Directors article "A Field Guide to Bad Directors" and how they relate to the captive insurance industry.
September 26, 2018 Read More
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Five Steps for Onboarding New Directors

Director turnover is accelerating in the captive insurance industry. What are the key steps you can take to onboard new directors? We'll explore these ideas in detail and provide our own commentary.
June 18, 2018 Read More
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3 Thoughts for Captive Boards and Management To Consider

Does your captive board practice strategic visioning or generative thinking as part of its normal meeting? Do you have trouble identifying topics to use in these discussions? Here are 3 thoughts that might warrant further exploration by your board and management team as part of this process.
May 23, 2018 Read More
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Strategy and Risk: 5 Key Questions for Captive Insurers

One of the major roles that a captive insurer's board of directors fills is setting the correct strategy and risk profile for the entity. But many boards struggle with this responsibility. Our 5 key questions can help your board get a better understanding of how to deal with these issues.
April 18, 2018 Read More
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Captive Insurer Boards and Blockchain Technology

Digital disruption takes on many forms, making it a formidable risk area to be added to any boardroom discussion. We summarize a recent article that appeared on the National Association of Corporate Directors website on why blockchain technology needs to be addressed by board members.
February 07, 2018 Read More