International Center for Captive Insurance Education


Investments and Captives


6 CPE credits are available for the successful completion of this course

An introduction to the world of investments from a captive owner’s perspective. The course will describe the markets, asset classes, review regulation and audit issues and discuss portfolio construction and governance. Participants will gain a solid understanding of investment considerations for captive owners as well as how portfolios are set up and operated to support the captive business objectives and to enhance the captive’s financial stability.

Participants will first explore how a captive’s capital is constructed and how to appropriately invest to meet different requirements. Participants will also explore:

The course will then discuss the different investment options available. Students will learn how your insurance company’s long term performance is principally determined by the asset classes selected.

Characteristics and attributes of the following asset classes will be discussed:

The course will also discuss macro issues pertaining to captives and their investment portfolios.

Students will understand key market participants, how they get rewarded, what their objectives are and how they add value, including Investors, Lenders, Regulators, Asset Managers, Broker Dealers and Custodians.

Other topics:

Understanding structural limitations:

Course begins in February 2015

Online Course (broadband Internet connection recommended) 

Instructor: Carl Terzer

Guest Lectures: Dan Petterson, Joseph Kowalczyk, Arthur Salvadori, Mike Stafford

& Anne Marie Towle

In addition to self-paced reading and assignment work, students will be required to attend six webconference sessions and complete two weeks of follow up assignments.

 New Registration Deadline: February 2, 2015

Webconference one, Monday, February 9th, from 2:30 - 3:45 p.m. EST
Webconference two, Monday, February 23rd, from 2:30 - 3:45 p.m. EST
Webconference three, Monday, March 2nd, from 2:30 - 3:45 p.m. EST
Webconference four, Monday, March 16th, from 2:30-3:45 p.m. EDT
Webconference five, Monday, March 23rd, from 2:30-3:45 p.m. EDT
Webconference six, Monday, March 30th, from 2:30-3:30 p.m. EDT


For further details please contact at ICCIE at 802-651-9050.

To see when this course will be taught again go to the course schedule page