Active Captive Management was proud to return as a Grizzly Sponsor at the 11th annual MCIA Conference held July 18-20, 2015 in Whitefish, MT. Active’s President, Park Eddy, presented at the conference regarding the challenges and opportunities in doing business in the Montana domicile. Park noted “It is incredibly vital for a captive manager to have a trusted relationship with domicile regulators, as is our relationship with Montana. This allows for enhanced regulatory compliance throughout the life of the captive.” The conference was also attended by Active’s Chief Financial Officer, Deanna Gilpin, and General Counsel and Chief Compliance Officer, Dana Hentges Sheridan, Esq.
Active Captive Management returned this year as a Big Horn and NameSleuth Sponsor for the Montana Captive Insurance Association’s 2015 Annual Conference held July 21-23, 2015 in Whitefish, Montana. This is MCIA’s 10th annual conference with educational sessions presented by top captive experts and extensive networking opportunities with captive owners, service providers, and representatives of the Montana Insurance Commissioner’s office. The conference was attended by Park Eddy, President, Dana Hentges Sheridan, General Counsel, and Shelly Caprio, Chief Underwriting Officer.
Active Captive executive staff attends the 9th Annual Montana Captive Insurance Association Conference, held July 22-24, 2014 in Whitefish Montana.
Conference presentations by Department Regulators Steve Matthews and Tal Redpath provided insight on the current captive profile by type and premium written volume, proposed legislation for 2015 and the growing infrastructure supported by staffing and legislative support. Montana recently licensed their 150th captive. “During the 2013 legislative session, Montana’s law makers continued their overwhelming support of captive insurance by passing legislation to keep Montana at the forefront of competing domiciles,” wrote Montana commissioner of securities and insurance Monica Lindeen in the report’s foreword. (CIT 7/14/2014)
Of particular interest amongst the seven session’s presented over the two day conference was “Introduction to Series LLC Captives, conducted by Jeff Simpson, Esq. and “ The NAIC’s regulatory agenda for the ART industry, conducted by Kevin Doherty, Esq. “Active’s ability to provide risk mitigation solutions to the middle and small market is predicated on legislation of the Series LLC Captives supported by Montana and Delaware” stated Michael C. McKahan, Active’s C.O.O. Dana Hentges Sheridan, General Counsel and Chief Compliance Officer recently took a public position in opposition to a proposal by the NAIC’s F Committee to add the definition of “multi-state reinsurer” in the preamble to the NAIC Accreditation Standards.
Dana’s comment letter may be viewed on the NAIC site at:
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