SCCIA Webinar: What Would You Do?

In this session, the panelists will examine real captive situations faced by captives including fraud, bankruptcy, liquidity crisis, and theft and discuss possible actions that could have been taken, ask the SC regulatory department to outline what they believe should have happened and then outline the actual experience and compare. This is a chance to hear the thought process of managers and regulators given some tricky situations that can and will happen to other captives.

All SCCIA members and attendees of the 2021 Annual Executive Educational Conference are invited to attend.

Speakers:

Gary Osborne joined Risk Partners as Vice President of Alternative Risk programs in 2018. Gary has 33 years of captive experience having worked in four different domiciles (Bermuda, Vermont, Hawaii and South Carolina). Gary has been involved in writing parts of the captive laws in South Carolina and Tennessee and has previously been a faculty member of ICCIE (International Center for Captive Insurance Education).  

Gary's career began in 1982 on the audit staff of Deloitte Haskins and Sells, followed by senior auditing role at Price Waterhouse. Gary then enjoyed progressive responsibilities while managing captive portfolios at Marsh & McLennan (Bermuda) and then Johnson & Higgins (Vermont). Gary was then hired by Sedgwick to establish a captive management operation in Hawaii. After Sedgwick outsourced captive management to USA Risk Group 1995, Gary held various management positions there, including President from 1995-2018. Gary was responsible for all aspects of company operation including expanding the company through acquisitions, overseeing captive management, financial operations of the company.

Greg Delleney is the Assistant Director of the Captive Insurance Division within the South Carolina Department of Insurance. Greg focuses on licensing captive insurance companies and marketing South Carolina as a premier onshore captive domicile. In addition to these duties, Greg is the Chief Financial Analyst and manages a team that reviews financial statements and various transaction documents for captive insurers. Greg also serves as the team lead for the licensing and troubled company committees. Prior to becoming the Assistant Director, Greg spent several years as the supervising financial analyst, business plan change analyst, and the workers’ compensation rates analyst for traditional insurers. He graduated with a degree in Accounting from The Citadel in Charleston, South Carolina before joining the Department in 2010.