Many domiciles, one conference

Interesting to see the joint approach some captive domiciles in the western United States are taking to promoting their efforts.

The Arizona Captive Insurance Assn. and the Utah Captive Insurance Assn. announced recently that they'll co-sponsor a Western Region Captive Insurance Conference next year in Phoenix. The joint April event at the Arizona Biltmore Resort is intended to allow participants to maximize value by attending a single event.

During a webcast Wednesday on domicile issues sponsored by A.M. Best Co. Inc., Joel S. Chansky, consulting actuary at Milliman Inc. and vp of the Arizona captive group, said that the combined format will be particularly beneficial to captive industry service providers who will be able to reach captive owners and prospects in both domiciles while incurring the costs of just one conference.

The two captive groups noted that they'd like to get other western domiciles involved in the regional event, saying that Nevada, Montana, Colorado and Hawaii had all been invited to co-sponsor the inaugural regional conference, but “the timing was not quite right for them.”

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