IN THIS ISSUE: Featured News, Amplify Opportunities, Upcoming Events, Kudos
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Dear ,
Hello and welcome to the August issue of the Amplify WomenTM newsletter!
Many of us in this industry are familiar with business continuity and disaster preparedness plans and it’s heartwarming to see CICA, with the cancellation of the March conference, take the hard, but necessary steps to ensure its members and supporters remain safe. As disappointing as the conference cancellation was, neither CICA nor the Amplify Women Task Force has lost any momentum. We continue to seek opportunities to shine light on all that the women in the captive industry have to offer. Although we missed an opportunity to meet with and learn from so many of our colleagues in person, CICA has worked with many of the presenters to offer recorded versions of those planned panel discussions.
In addition, the Amplify Women Task Force is excited to announce that the CICA board has voted to convert the task force into a full-fledged board committee. This decision shows that the board fully supports the diversity and opportunities encouraged and created by Amplify Women in the captive industry.
In this issue you will hear from Sandy Bigglestone, Amy Evans, Anjanette Fowler, Nancy Gray, Rose Hall, Alicia Miller, Mary Ellen Moriarty, Leane Rafalko, and Anne Marie Towle. In addition, I was fortunate enough to be interviewed for the March issue of Captive Insurance Times. Within that article I discuss not only my experience in the risk management, insurance and captive industries, including mentors and highlights, but also a bit about my personal life. And please take a moment to review a recent interview with Erin Hackett, CICA’s NEXTGen Task Force chair, in Captive Insurance Times in which she discusses the importance of the committee’s mission to support younger workforce members in the captive industry.
As we continue to navigate the new normal of remote working environments, video conferencing and adapting corporate policies and procedures to ensure that all of us are able to be successful day to day, we, as a committee, will continue to Amplify Women by planning for future conferences, meet ups and virtual educational and presentation opportunities.
We wish you, your families and your coworkers success, patience and good health during these unusual and challenging times.
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Cheryl Baker
Manager, Risk Management Services
Blue Cross Blue Shield of Michigan
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The IRS Summons to the Delaware DOI |
From: Captive Insurance Times, August 5, 2020
Elevate Risk Solutions’ Cassie Bachman discusses the IRS’ recent petition to the US Court for the District of Delaware to issue a summons against the Delaware Department of Insurance for documents related to its micro captive investigation.
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GCP #32: Peter Carter, Jim Leimkuhler and Amplify Women |
From: Global Captive Podcast, June 20, 2020
Richard is also joined by Amy Evans, Kara Tencellent and Sandy Bigglestone from CICA's Amplify Women Committee to discuss the initiative and its objectives and progress since its launch in 2019.
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From: Captive Insurance Times, June 10, 2020
Almost one year since its launch, members of the CICA Amplify Women Committee discuss the progress that has been made and highlight the challenges that remain.
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Captive Review Virtual Symposium 9 | Diversity and Leadership |
From: Captive Review, June 1, 2020
Amplifying Diversity and Enhancing Career Development
- How to position captive insurance as a progressive and equal opportunity industry.
- Providing your team with the relevant training to develop their skills and capabilities.
- Recognising and celebrating the talents and achievements of your team.
- Supporting education and creating opportunities for women in leadership.
- Partnering with universities to bridge the gap between academia and industry.
- Recruiting and retaining millennial talent – suggestions from the panel.
- Outlook for the next 5-10 years.
Speakers: Renea Louie, Anjanette Fowler, Erin Hackett, Shruti Vyas & Karen Hsi.
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Captives provide opportunities for women leaders, says CICA panel |
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From: Captive International, May 19, 2020
Women have more opportunities to get ahead in the captive insurance industry than elsewhere in insurance, or in many other industries, according to Mary Ellen Moriarty, a risk manager at College Insurance Company.
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Create an Inclusive Culture for Women |
From: Captive.com/IRMI, April 2020
As shown in Women in the Workplace 2019 by McKinsey and Company in conjunction with Lean In, women are the slight majority in the insurance industry at entry-level, but the percentage steadily declines in the more senior positions. The engineering and construction industries are similar.
While the number of female engineering students has climbed over the past 20 years, it still hovers just below 20 percent. Less than 9 percent of workers in the US construction industry are women, according to the National Association of Women in Construction. Out of almost 10 million people working in the industry, only around 900,000 are women. These are some of the lowest percentages of female workers in any industry in the United States.
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Covid-19: The impact on captive boards, economic substance and tax considerations |
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From: Global Captive Podcast, March 30, 2020
In the latest instalment of the Global Captive Podcast's Covid-19 Captive Series, Richard discusses the implications for captive boards as global travel is restricted and what that might mean with regards to economic substance and tax requirements.
Sandy Bigglestone, Director of Captive Insurance at the State of Vermont’s Department of Financial Regulation, Colin Robinson, the 2020 Chair of the Insurance Managers Association of Cayman (IMAC), and Kate Storey, a Guernsey-based partner at global law firm Walkers, all provide insight on their respective domiciles' approach.
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Business Insurance Women to Watch Nominations Open |
The Women to Watch Awards program celebrates leading women in commercial insurance, risk management and related fields, such as consulting and law. Honorees are recognized for their accomplishments, expertise, leadership and future prospects. Submissions are due August 19, 2020. |
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Register Your Interest in the Asia Captive Awards 2020 |
Complete the form to register your interest for the Asia Captive Awards 2020.
Captive Review will then let you know of any updates and when entries are open.
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VCIA Virtual Annual Conference 2020: Rise Up! Advancing Women in Captive Insurance |
This forum (all inclusive, not just for women) on August 12th will engage participants in a discussion on the strengths and benefits of a diverse team. We will define, identify, and explore unintentional biases to diversity, share strategies that successful companies are employing to increase diversity, and discuss what has worked and what has not worked along the way. The important steps that women have taken to grow their advancement in the workforce, and the positive outcomes of these steps will also be explored. Join us for this energetic discussion. All perspectives are crucial in providing a robust discussion, so come on, come all!
Facilitators: Nancy Gray, Aon and Stephanie Mapes, Paul Frank + Collins
Coordinator: Sherry Haggerty, Aon
Content Advisor: Anne Marie Towle, Hylant
Speakers: Nancy Gray, Aon; Stephanie Mapes, Paul Frank + Collins; Wilda G. Seymour, Franklin Casualty Insurance Company, RRG/Quaker Insurance Company Ltd.; Dan Towle, CICA
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Amplify Women Webinar Set |
This webinar package features two sessions from the CICA’s Amplify Women™ Committee. Our new “Strategies for Future Women Leaders” webinar addresses strategies for managing gender-related and other challenges and ways to build your personal brand. We’ve paired this new session with “Amplify Women - Highlighting the Successes and Challenges” where you can learn about the work of the Amplify Women Committee and learn ways women can promote each other through education, influence and networking.
This webinar set has been specially priced to help more people connect with Amplify Women. Amplify Women Newsletter subscribers can apply code AW2020 to receive $50 off the total price. If you are a CICA member, log into your CICA account and click on the Member Central tab in your profile to see the member discount code for an additional $50 off. |
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US Captive Review Awards 2020 |
Mark your calendar for the virtual US Captive Awards 2020 on October 7th. Best of luck to Captive Service Professional of the Year finalists Amy O'Brien of Gallagher Bassett and Karin Landry of Spring Consulting Group, and to Captive Risk Manager of the Year finalist Heather McClure of Academic Physicians Insurance Company (OU Medicine Hospitals and Physicians).
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Karen Hsi Receives Breakout Award |
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Business Insurance’s Break Out Awards program honors 40 top professionals on track to be the next leaders in the risk management and property/casualty insurance field. Break Out winners from across the United States are recognized for their leadership and professional skills and can be working in any area of the industry.
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Women Prevail in CICA Student Essay Contest |
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Congratulations to the finalists of CICA's 2019 Student Essay Contest “Captive Insurance Solutions for Emerging Industries.” 5 of the 6 finalists were women.
Senior Megan Moore and Junior Natalie Kojababian proposed a group captive insurance solution to provide liability coverage for cannabis association members.
This year’s contest was very competitive with a tie for second place. Marissa Dias and Samantha Kane, from Saint Joseph’s University, proposed a risk retention group for the Home Healthcare industry; and Magda Olivas Carmona and Rudy Martinez, from St. Mary’s University, proposed a group medical stop loss captive for the Craft Brewing industry.
Captive Insurance Times featured both Megan and Natalie in their Emerging Talent series.
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