Awards and Recognition
Ray Farmer, director of the South Carolina Department of Insurance and immediate past president of the National Association of Insurance Commissioners (NAIC), was recognized this week with the NAIC President's Award for Distinguished NAIC Leadership. The NAIC President's Award is given at the discretion of the current NAIC president.
The Captive Insurance Companies Association (CICA) has announced the topics for its 2021–2022 "Using Captive Insurance Solutions To Address Coverage Gaps" essay contest for college insurance and risk management students. Contest winners will receive cash prizes and have the opportunity to present their winning papers at CICA's 2022 International Conference.
The South Carolina Captive Insurance Association (SCCIA) has recognized Gary Osborne, vice president of alternative risk at Risk Partners, as its Captive Person of the Year. The annual award honors individuals for outstanding leadership and accomplishment on behalf of the SCCIA and the captive insurance industry in South Carolina.
The Risk and Insurance Management Society (RIMS) recognized the US Internal Revenue Service (IRS) with the society's 2021 Global Enterprise Risk Management Award of Distinction during the society's ERM Conference in New York. The ERM program helped the IRS remain resilient and navigate various challenges, RIMS said.
A number of Captive.com sponsors were among those recognized with recently announced captive insurance industry honors. The recognition came in the 2021 Captive International US Awards, recognizing the achievements of captive insurance domiciles and service providers in the United States.
The Vermont Captive Insurance Association (VCIA) presented two annual awards to captive insurance industry professionals during the group's virtual annual conference earlier this month. Mike Meehan, principal at Milliman, received the Industry Service Award, while Sandi Prescott, head of client service at Performa, received the Captive Crusader Award.
Michael Harrington, vice president of risk management for Lockheed Martin Corporation, has been named the 2021 Risk Manager of the Year. Cheryl Lloyd, associate vice president, chief risk officer, and vice president, system-wide human resources for the University of California, was named to the 2021 Risk Management Honor Roll.