ICCIE

International Center for Captive Insurance Education

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PRESS RELEASE

April 27, 2008

FOR IMMEDIATE RELEASE

Burlington, VT -- The International Center for Captive Insurance Education (ICCIE) began 2008 with strong enrollment, a major domicile endorsement, progress with continuing education credits and a large group of recent Associate in Captive Insurance (ACI) graduates.

ICCIE's first quarter of the year picked up where 2007 ended off -- the program attracted 17 new ACI designation students, with January's enrollment of 10 ACI students the highest single-month enrollment since the program launch in 2004. The quarter also saw 12 matriculants complete the ACI designation.

In another development, several months in the making, the Bermuda Insurance Managers' Association (BIMA) officially endorsed ICCIE and the ACI designation. As the domicile with the largest number of captives, Bermuda's official acceptance of the program is a significant milestone for ICCIE. "We're extremely pleased to receive this recognition of the ACI designation," said ICCIE Executive Director Mitch Cantor. "Because Bermuda is the world's largest captive domicile, its endorsement means the program has truly been accepted as the educational standard for professionals working in the captive insurance industry."

At the same time, BIMA, together with the Bermuda Captive Conference, has created a scholarship fund for Bermudians, encouraging them to apply for full tuition funding for the ACI program.

In addition to the new Bermuda scholarships, two scholarships begun in 2007 will again be available in 2008: the Vermont Captive Insurance Association (VCIA) Distinguished Scholar Award will grant a full scholarship to a VCIA-member individual who has shown dedication to the industry and community service. Also, the Harry House Scholarship -- funded by the Housing Authority Insurance Group -- will pay for the complete ACI designation for a minority student who is also enrolled in a risk management program at the college or university level. See the ICCIE website (www.iccie.org) for more details on both scholarship opportunities.

New CE credits available. Since 2005, ICCIE's courses and teleconferences have been eligible for Continuing Education (CE) credits for CPAs via the National Association of State Boards of Accountancy (NASBA). CLE (Continuing Legal Education) credits were approved for Vermont in 2007, and now the Vermont has approvedCEs for licensed Insurance Producers.

If you're coming to the AzCIA Conference next week, please celebrate the success of ICCIE at next Wednesday's official program luncheon, sponsored by Aon and Milliman.

We will honor current students, faculty, Board members, and supporters and continue our traditional balloon pop event. We look forward to seeing you there.

The following individuals completed the ACI in the first quarter of 2008:

Simon Kilpatrick (Meeting Street Management)

Dugald Macleod (Caledonian Insurance Services Cayman, Ltd.)

Justin Mead (Crusader International Group)

Cathleen Pembroke (State of Vermont)

Joseph Percy (AIG Insurance Management Services)

Nicole Pinder (PriceWaterhouse Coopers)

Heidi Rabtoy (State of Vermont)

Stewart Ritchie (PriceWaterhouse Coopers)

Rebecca Ryan (USA Risk Group)

Elizabeth Steinman (HSBC Insurance Management)

Kristina Winterfeldt (Artex Risk Solutions)

Andrea Wittfield (Costco)

Congratulations to all the new ACIs!

For additional information, contact Mitch Cantor at 1-802-651-9051 or mitch@iccie.org