How Tenda Uses Captive Insurance to Support Enterprise Risk

Cherie Baker, vice president of enterprise risk management at Ilitch Companies, joins The Edge of Risk Podcast by IRMI to discuss how Tenda, the organization's captive insurer, supports enterprise-wide risk management and strategic risk financing. Ms. Baker explains how the company evaluates coverage placement across its Michigan and Cayman captive entities, works alongside commercial insurers and reinsurers, and uses captive insurance to address a range of exposures, including health benefits, medical stop loss, management liability, and executive life coverage. The conversation also explores capital deployment, emerging risks, risk culture, and why organizations should periodically reassess whether their captive is being utilized to its fullest potential as business needs and market conditions evolve.

Hear the full conversation on Captive.com to learn how captive insurance can support enterprise-wide risk management, capital strategy, emerging risks, and stronger risk ownership across an organization.