Awards and Recognition
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.
Ashley Martin and Max Bernstein, juniors at Saint Joseph's University, took first place honors in the Captive Insurance Companies Association's (CICA) 2021 college student essay contest. The theme of this year's contest was "Using Captive Insurance To Better Manage Risk, Improve Your Bottom Line."
The Federation of European Risk Management Associations (FERMA) has announced the nominees for its COVID-19 Special Award. The award will honor a risk manager who has shown excellence in responding to the COVID-19 crisis.
A.M. Best has affirmed the A (Excellent) financial strength rating of American Contractors Insurance Group (ACIG) with a financial size rating of VII ($100 million to $250 million) in capital and surplus. ACIG was the recipient of the Captive Insurance Companies Association’s (CICA’s) 2019 Outstanding Captive Award.
Milliman leads the way in a new Risk Retention Reporter ranking of actuaries ranked by the number of risk retention groups (RRGs) they serve, followed by Willis Towers Watson, Aon, Pinnacle Actuarial Resources, and Complete Actuarial Solutions. Milliman has 32 RRG clients, Willis Towers Watson has 30, and Aon has 15.
The Captive Insurance Companies Association (CICA) has announced the case study topics for its 2020-2021 "Using Captive Insurance To Better Manage Risk, Improve Your Bottom Line" student essay contest. The contest, sponsored by Strategic Risk Solutions, sees two-person teams of college risk management and insurance students developing captive case studies.