Fiat Lux (University of California) and Karin Landry Receive CICA Awards at International Conference
At its annual
The Outstanding Captive Award is presented to a captive insurance company or risk retention group that has shown creative uses for a captive, been successful in managing the captive in terms of net results and usefulness to its owners, has prevailed over difficult times or situations, and has gained acceptance, recognition, and a positive reputation among rating agencies, regulators and colleagues in the captive industry.
Fiat Lux has grown considerably under the leadership of
Claflin credits the growth of the program to a supportive Board of Directors and to educating and collaborating with colleagues on how a captive can be a more efficient way to finance organizational risks. "It was really helpful to show how money saved or new revenues generated could support the University's mission of research, teaching, and public service," he explained.
Claflin says they also reviewed all the ways the
With its growth, Fiat Lux has either saved premiums or created new annualized revenues of over
The CICA Distinguished Service Award is presented annually, when appropriate, to a single individual or entity that has made a significant contribution to the captive insurance industry.
is a past Board Chair of the
"Captives are the Legos® of the insurance industry; there are a million different ways to piece them together and take them apart, allowing for infinite creativity. After 25 years in the industry, I am still excited to play with them and find the newest innovation to serve our clients," Landry said.
"I am deeply humbled by this honor from CICA, and I want to thank our dedicated team and incredible clients for supporting me and giving me the opportunity to do the work I love," Landry added.
During her career, Landry has developed eight patents in insurance and has received numerous industry awards. In 2010, she was named a Risk Innovator by
About the
CICA is the only global domicile-neutral captive insurance association. CICA is committed to providing the best source of unbiased information, knowledge, and leadership for captive insurance decision makers. CICA is your advocate around the world, key to the captive industry and the resource for captive best practices.
Read the full story at http://www.prweb.com/releases/2017/03/prweb14138436.htm
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