NCCIA

Lobbyists for the North Carolina Captive Insurance Association (NCCIA) are continuing to work for passing the association sponsored bill SB 319 in North Carolina’s House of Representatives during the current “short session” of the legislature. Read more on the story here: https://ow.ly/VlmI50SlCTH #captives #captiveinsurance

Congratulations to the North Carolina Captive Insurance Association - NCCIA on celebrating their 10th anniversary! The NCCIA conference is going on now in Asheville, NC from April 28-May 1. Check out the content lined up for a great few days of sharing captive knowledge: https://lnkd.in/g2eiaUvv #CaptiveInsurance

See attached article released by Captive Interational today where it is mentioned that North Carolina?is now the third largest domicile for captive insurance companies in the US, trailing only Vermont and Utah. What fantastic progress has been made and how timely heading into our 10th year celebrations!

NCCIA 2024: Hear What Anna Quarum, from WellRithms, has to say about NCCIA

"To ensure our captive law remains relevant and current, the North Carolina Captive Insurance Association and the Department continue to collaboratively propose legislative changes as necessary to meet the emerging needs of industry," Mr. Causey said.?"We expect North Carolina's captive insurance program to continue to respond to these needs with expansion to diverse industries and businesses of all sizes."

Inside February's newsletter,?Tom Adams, President and CEO of the Association comments, “The success of this domicile to the fourth largest in the United States in this short time frame has far exceeded the expectations the other founders and I had for its success at the time of its formation.” Early Bird registration period for the conference is rapidly drawing to a close. Register now to attend the conference in its 10th year running!

The closing date for early registration is the 8th of March. Join us in beautiful Ashville for insightful sessions, networking opportunities, and celebrations as we mark this milestone event!

Ron Adams, Vice President for Risk Management of Baker Roofing (the second largest roofing contractor in the US), has been elected Chair.? Aoife Taylor of Align Risk Solutions moved up to Vice Chair, Lea Riddle of McGriff?was selected as Secretary. Scott Bailey of Carr Riggs & Ingram, currently chair of the Annual Conference Committee,?moves up to the Board as Treasurer.? Three new board members, Andy Rennick of Womble, Scott Bailey of Carr Riggs & Ingram and Jordan Mosher of Huntington Bank were elected to three-year terms while Paige Bell of Lockton, was elected to an unexpired two-year term.?

North Carolina's number of licenced captives passes 300, as it looks on track to record the most yearly new captive formations for the second straight year. There were 111 new captives formed in North Carolina between the start of 2022 and the end of 2023, as well as around 200 cell and series captives. North Carolina Department of Insurance NCCIA #captiveinsurance #insurance #riskmanagement #northcarolina https://lnkd.in/ead2KnJ4

Register today for our early bird pricing!