The Use of Captives in the Construction Industry


Recording date:
Wednesday, October 18, 2017

Panelist Information:
Mark Morris, Michael O’Malley and David Littlehale

Duration:
58 minutes

Description:
The construction industry faces some unique risk exposures and different project-based contractual relationships. This can create challenges for the commercial insurance market, although the need for comprehensive insurance is paramount with any project big or small. What role can captives play? In this webinar we take an in-depth look at the construction industry and the use of captives. Topics covered include:

  • State of the construction industry.
  • Unique risk challenges facing the construction industry,
  • Benefits of using a captive.
  • Use of captives for:
    • General lines-WC, GL and others
    • For unique programs: SDI, builders risk, OCIP, etc.
  • Cell structures and project based programs.

This webinar is suitable for existing and prospective captive owners in the construction industry, as well as anyone looking to understand the practical application of a captive strategy in this industry.

Presenters:
Mark Morris, Senior Vice President, Risk Finance, Lockton Companies. Senior Vice President, Risk Finance, Lockton Companies. Mark provides consultation on alternative risk structures, including captive insurance and financial review of program structure options. He is a member of Lockton’s Construction Practice Group and leads the firm’s Accounting and Tax Practice. His captive work focuses on making sure the captive is meeting the organization’s objectives and is the most efficient mechanism for accomplishing the organization’s goals. Prior to joining Lockton, Mark worked in public accounting.

Michael O’Malley, Managing Director, Strategic Risk Solutions. Mike leads Strategic Risk Solutions’ consulting practice providing feasibility studies, financial analysis and strategic reviews for single parent, cell and group captive programs. He has over 20 years’ captive consulting experience and has been at the forefront of some of the industry’s major innovations including the first DOL approval to insure employee benefits in captives and the creation of the world’s first series LLC captive.

David Littlehale, Director and Chair Construction Industry Practice, Strategic Risk Solutions will moderate the webinar.

Please contact info@strategicrisks.com for a password to view this webinar



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