International Center for Captive Insurance Education



March 25, 2009




The International Center for Captive Insurance Education (ICCIE) finished 2008 with a strong fourth quarter, despite the continuous bad news about the economy, and ended the year with a record number of new Associate in Captive Insurance (ACI) enrollees and an 18% increase in tuition income over the previous year.


ICCIE has now had -- since its launch -- more than 500 student enrollments, about half of which are students committing to the complete ACI program.  By the middle of 2009, ICCIE should reach the mark of 100 ACI designations completed:  The program continues to gain momentum.


New and improved software   In the last quarter of 2008, ICCIE shifted online platforms from WebCT to BlackBoard, which gives users an easier interface and includes additional features unavailable to ICCIE before.  The reviews from our students have been consistent:  easy-to-use and convenient. 


New courses for 2009   Following the successful launch of electives on Cell Captives and RRGs in the last 18 months, ICCIE offered a new elective last December -- "Accounting for Captives, Part I:  Financial Reporting and Analysis."  The course was so well received that its initial offering was a double session to accommodate the interest.


A second Accounting for Captives course ("Part II:  Interpretation and Management Perspectives") will be launched this spring and both will be offered face-to-face at the 2009 VCIA conference.  Two additional courses will be launched in 2009.  ICCIE will announce details in the near future -- keep an eye out for them.  These new courses are being developed with the assistance of a Next Generation (Act 46) Grant from the Vermont Department of Labor.


ICCIE and CICA successfully partnered during this month's annual CICA conference to present a lively face-to-face seminar on the interaction between captive managers and captive auditors.  A special thanks to CICA President Dennis Harwick and ICCIE Board Member Mike Mead for making this event happen.  In addition, participants in CICA's golf outing generously contributed $670 to ICCIE via a mulligan purchase and donation.  Thanks again to CICA and to all who participated.  Your support of the captive industry's education program is much appreciated.

ICCIE luncheon at AzCIA  ICCIE will once again be hosting the mid-conference luncheon during this year's Arizona Captive Insurance Association conference in May.  The festive event will feature ACI presentations, the latest ICCIE updates, and the signature balloon pop fundraiser.  The celebration is sure to be informative and entertaining.  This year's ICCIE / AzCIA luncheon is sponsored by Lionheart Insurance Group.  Thank you, Lionheart, for your support of captive insurance education.  View the luncheon invitation click here.


The Bank of Bermuda is the most recent company to participate in ICCIE's group registration plan.  BOB enrolled seven students in the Associate in Captive Insurance (ACI) designation program in January 2009.  If your company is committed to training your whole captive insurance staff, please contact ICCIE about group enrollment opportunities.


New ACIs:

Charmain Aggarwal (USA Risk Group)
Paul Arbo (BDO Tortuga)
John Blake (Kaiser Permanente)
Charlie Boornazian (Insurance Office of America)
Jacqueline Cipollone (HDH Group)
Georgina Clark (Artex Risk Solution)
Syed Hadi (Aon Insurance Managers)
Brent Hill (Hill Insurance Services)
Bryan Hudson (Bauknight, Pietras & Stormer)
Janice Klodowski (Agri-Services Agency LLC)
Mary Ellen Moriarty (EIIA)
Lisa Poulin (Milliman, Inc)
Colin Robinson (SRS Cayman Limited)
Glennis Rozeck (HDH Group)
Paul Weber (Ophthalmic Mutual Insurance Company, A Risk Retention Group)
Ann West (HSBC)
William Wetherell (Capital Insurance group)

Charlie Boornazian

Jackie Cipollone

Syed Hadi

Lisa Poulin

Paul Weber


For additional information on these or another matters contact ICCIE Executive Director Mitch Cantor at 802.651.9051 or [email protected].