Captive Insurance & Bonding: A Deeper Dive
Recorded On: 02/20/2019
In this session, speaker and innovator in the captive insurance industry Brandon White, will look deep into the Captive Universe. We will explore the uses of captive insurance vehicles and how organizations are using them for bonding purposes. We will also discuss the impact of captives that are outside of the bonding program and how best to work alongside and what counsel to give your clients around the benefits and drawbacks of the captive structure in their business.
Brandon M. White, CIC, CRM, CWCA has sparked innovation in the captive insurance industry since 2003, working with the most forward-thinking risk management focused firms throughout the United States and Canada. He has been hired to speak across the globe on captive insurance structures because of his holistic view of risk management philosophy and his expertise in simplifying the complexity of the concept. Having worked with over 400 executive teams in the creation of their captive insurance program, he brings real-world, independent expertise to any discussion on the topic. Brandon has worked with firms in eleven countries and 47 US states on the topic of alternative risk.
Upon graduating from the University of Kentucky with a BA in Integrated Strategic Communications, where he was a student-athlete on scholarship for American football, Brandon immersed himself in the risk management arena while working in the oil/gas industry with one of the largest direct insurance writers in the niche. While working on the insurance company side of the industry, he completed a 10-month classroom training program on insurance contracts and various risk management philosophies where he was first exposed to the concept of alternative risk financing and it’s many variables. It was here that Brandon was the architect of one of the first energy-focused off shore captive insurance programs of its kind. It is still successful to this day.
Following up on this success, Brandon shifted his career to become a Practice Leader for one of the top five global brokerage firms. In this time, he worked with several Fortune 100 clients in the creation of their alternative risk financing strategies. Programs designed in this time included captives, dividend, quota share, retro, and large deductible structures of various types.
In 2011, seeing a gap in the marketplace, Brandon founded the independent captive consultancy, Ambassador Captive Solutions (ACS). Since its beginnings, ACS has innovated in the captive insurance industry by bringing an independent, third-party approach to the creation stage of a captive program. Through an unparalleled network of captive managers, actuaries, attorneys and reinsurance facilities, ACS advises clients on the best captive structure to meet the strategic risk management needs of their large corporate clientele. With expertise that spans the captive insurance spectrum including single parent, sponsored cell, group or the 831(b) election, ACS has been the architect of over four hundred captive programs for their clients.
In 2015, 2016 & 2017, Captive Review magazine in the United Kingdom honored Ambassador as one of three global finalists for its annual “Captive Innovation” award.
Brandon lives in Louisville, KY where he serves his community through being a youth leader at his church, serving on the regional council for the Boy Scouts of America, founding a youth football organization that caters to low-income families, and through coaching various sports at the YMCA. He is driven by his wife and two young sons.
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