of New Orleans is set to reap its
most desired rewards: a bolstered
risk management program. Sure,
Entwisle said, with the captive
essentially providing its self-insured
retention for liability, sexual
misconduct, auto, workers’ comp
and property, saving on insurance
rates is also a factor.
“We’ve taken on more of the
risk ourselves and made it a point
to get the message out to all of
our decision-makers on the local
level, and let them know that risk
management is the vehicle that will
make the captive perform well,”
Entwisle said.
“We’re encouraged by the results
so far,” he adds.
“WE DECIDED TO DO IT IN VERMONT BECAUSE THEY HAVE A TRACK RECORD.” —Jeff Entwisle, director, Archdiocese of New Orleans Indemnity Inc.
ENCOURAGING RESULTS
Besides the Archdiocese of New
Orleans and Community Hospital
of the Monterey Peninsula, 39 other
parent companies launched captives in
Vermont in 2011. Forty-one is a solid
number, even surprising to some.
Yet for professionals who
are veterans to the industry, it
makes perfect sense that Vermont
continues to attract a torrent of
quality captives. As Tom Jones,
partner in the law firm of McDermott
Will & Emery LLP in Chicago,
explained point by point, Vermont
features a solid law that gets updated
as needed (the recent inclusion of
incorporated cells an example), an
infrastructure of service providers,
and knowledgeable and flexible
regulators that have earned respect
in the industry.
CAPTIVEMANAGEMENT FEASIBILITY CHECK-UPS FORMATIONS REGULATORYSVCS
www.amethystcaptive.com
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Jim Girardin or Tara Smith
