Inside the Captive Insurance Year-End Cycle: Renewals to Governance

In this episode of The Edge of Risk podcast by IRMI, host Joel Appelbaum, chief content officer at IRMI and Captive.com, leads an in-depth discussion on best practices for captive insurance year-end success. The conversation brings together a panel of experienced professionals: Kim Guerriero, principal and consulting actuary at Milliman; Alex Murray, audit partner at Johnson Lambert; Claire Richardson, senior captive consultant at Hylant; and Dave Williams, director of risk management and safety at Father Flanagan's Boys Home.

The panel explores the full year-end cycle for captive insurance companies—from policy and contract renewals to actuarial analysis, audits, governance, and board preparation. They highlight how proactive planning, communication, and collaboration across service providers can streamline each phase of the process and strengthen the captive's overall strategy and compliance posture.

Listeners will gain practical insights into aligning renewals with risk objectives, coordinating between actuaries and auditors, managing surplus and reserves, and ensuring governance structures remain effective and transparent.