Term Of The Day – CICA
CICA or Captive Insurance Companies Association is an association of risk managers formed to educate, inform, support and provide valuable networking opportunities to members and interested parties about captives, regardless of domicile or structure. CICA has no jurisdictional or commercial ties. Members come from a wide range of industries with almost half the membership domiciled in Bermuda, with another quarter domiciled in Vermont.
CICA has joined forces with other state captive and risk management organizations to create a legislative affairs organization known as the Coalition of Alternative Risk Funding Mechanisms (CARFM).
I have been to three of their conferences. While they are not the largest Captive Conference, the access to the international and domestic regulators is superior to many of the conferences.
The organization’s main webpage can be found here. Their upcoming conference is March 12-14, 20q6 in San Diego. The conference is a great alternative to the State of Vermont captive conference. I have not been to the one in Vermont, so I will not comment on which conference is the better one to attend each year.