Awards and Recognition
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.
Dr. Edward Pappanastos, scholar in residence at captive manager Arsenal and associate chair of the Department of Risk Management and Data Analytics in Troy University’s Sorrell College of Business, has received Troy University’s 2020 Wallace D. Malone Jr. Distinguished Faculty Award.
The Vermont Captive Insurance Association (VCIA) presented several annual awards Wednesday to recognize captive insurance industry participants' contributions to the industry and the VCIA. Thomas M. Jones, Brenda Stewart, and M. Michael Zuckerman were recognized during the VCIA 2020 Virtual Conference.
A team from the University of Southern California took first place in the Captive Insurance Companies Association (CICA) 2020 College Student Essay Contest. Megan Moore and Natalie Kojababian were named the competition's winners during a webinar Tuesday hosted by Strategic Risk Solutions, sponsor of the CICA Essay Contest.