Webinar Archive

2022-09-30 – The Impact of Inflationary Trends on your Captive

Oct 3, 2022

Part of our 2021 IMAC Webinar Series.

Sponsored by:

Recorded Session: Click Here

Recording Password - IMAC Member Access Only – Please email imac@caymancaptive.ky

Session Details:

Program Content & Presenters:

The Impact of Inflationary Trends on your Captive
The economy and insurance industry have been transformed over the past few years by significant disruptors such as COVID-19, cyber attacks, and the return of both general inflation and social inflation. The combination of these factors has contributed to a hardening property and casualty (P&C) marketplace, resulting in higher premiums, policy restrictions and/or exclusions, and even some carriers pulling out of certain markets or having insureds take on more risk through higher retentions.  Captive management becomes heavily engaged and under increased pressure when inflation distorts budgets and profit margins shrink.  The strategic use of a captive and its benefits are more important now than ever.  What are strategies to keep a captive immune to inflation?  This session will address key questions such as with a main focus on liability coverages:

  • What is inflation, social inflation and its causes and drivers?
  • How does inflation impact data, metrics, and forecasts?
  • What impact did COVID-19 make?
  • What are strategies to best deal with and mitigate inflation?
  • How is the claims management process affected?
  • What is the expectation going forward?

Richard Frese
FCAS, MAAA
Principal and Consulting Actuary

Richard Frese, FCAS, MAAA is a Principal and Consulting Actuary with Milliman, Inc. in Chicago, IL. He is a Fellow of the Casualty Actuarial Society and is a member of the American Academy of Actuaries. Richard’s expertise in property and casualty primarily involves loss reserving and forecasting. Richard’s presentations include the annual ASHRM conference, Cayman Captive Forum, Crittenden Medical Insurance Conference and national RIMS conference. He has published articles in nationwide insurance publications including Business Insurance, Risk Management, Physician Insurer, Healthcare Financial Management and Risk & Insurance.

Melinda Malecki
JD, MS
General Counsel

Melinda Malecki is the General Counsel of Loretto Hospital. Ms. Malecki is a Health Law attorney with over 25 years of corporate, regulatory, and risk management experience. She provides legal counsel, corporate compliance, and risk management services to Loretto Hospital Administration and staff. She is responsible for the legal functions of the Hospital. Part of her role is to manage the claims of the Hospital’s captive insurance company, Westside Insurance.

Eric J. Wunder
FCAS, MAAA
Principal and Consulting Actuary

Eric is a Principal and Consulting Actuary with the Milwaukee office of Milliman. He joined the firm in 2009. Eric’s area of expertise is with long-tailed lines business.

Eric assists clients with reserving, pricing, statements of actuarial opinion, pro-forma projections, captive feasibility studies, stochastic modeling, due diligence support for mergers and acquisitions, AM Best rating reviews, and the new legislation impact analyses.

Eric is a frequent author for Medical Liability Monitor and Inside Medical Liability and has presented at WRCIC, ExecuSummit, and several MPLA conferences.

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2021-03-11 – CIMA Update and Roundtable Discussion

Mar 11, 2021

Part of our 2021 IMAC Webinar Series.

Sponsored by:


Recorded Session: Click Here

Recording password: IMAC Member Access Only – Please email imac@caymancaptive.ky

Session Details:

Program Content & Presenters

CIMA Update and Roundtable Discussion
Join us for an informative discussion as Cayman Islands Monetary Authority (CIMA) representatives touch on the current state of the industry while providing the latest industry figures and an outlook for the year ahead

Ruwan Jayasekera, Head of Insurance

Mr. Jayasekera started his career in the insurance industry soon after graduating from the University of Colombo, Sri Lanka, in 1998. He has over fifteen years of experience in insurance, in both regulatory and industry roles. He has experience working for life and property and casualty insurers. He holds a Master’s degree in Business Administration and a Bachelor’s degree in Statistics, both from the University of Colombo, Sri Lanka. He is also a Chartered Insurer and holds Associate designation from the Chartered Insurance Institute, United Kingdom.

Suzanne Sadlier, Deputy Head of Insurance

Ms. Sadlier brings over 10 years of knowledge and experience in the insurance industry having worked in Ireland in a variety of positions within areas such as claims, underwriting and regulation. In her capacity as a Reinsurance Specialist, she was responsible for managing complex license applications and providing technical advice to the Insurance Supervision Division regarding the day-to-day supervisory operations. She also provided recommendations in relation to (re)insurance laws and regulations.

George Kamau, Deputy Head of Insurance

Mr Kamau brings over 15 years of experience in the financial services industry, majority of which was spent at CIMA. He first joined the Authority in September 2009 as an Insurance Senior Analyst. He was later promoted to the role of Chief Analyst in March 2014, a capacity in which he was primarily responsible for directing and supervising the work of an assigned team to ensure that the activities and records of licensees were in compliance with regulatory requirements.

Peter Fox, Reinsurance Specialist

Mr. Fox’s career spans nearly 46 years in the insurance industry. Naming some of his most recent positions held prior to joining CIMA, Mr. Fox served as Senior Manager with KPMG in their United Kingdom (UK) office from 2008 – 2011. During his time there, he provided extensive audit and consulting advice to Lloyd’s and London market companies. This included a blend of mergers/acquisitions, Solvency II and asbestos/health hazard/pollution claim advice to clients.

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2020-12-09 – Cybersecurity and Investment/Banking Update

Dec 9, 2020



Recorded Session: Click Here

Recording password: IMAC Member Access Only – Please email imac@caymancaptive.ky

Session Details:

Cybersecurity Industry Update - Isabel Gumeyi, PwC

Isabel is a Senior Manager at PwC specializing in Technology Risk Assurance and Advisory services. With over thirteen years of experience, she leads the delivery of IT engagements for clients in different industries ranging from insurance and banking to governmental agencies. Her role includes Cybersecurity and data protection advisory services, assisting clients to understand relevant regulations and industry frameworks; supporting them in the development of an appropriate response framework and various knowledge transfer activities. 

Banking/Investment Update - Marcus Stafford, Scotia Bank

Marcus has over 20 years experience in delivering integrated service solutions for captive insurance companies and brings industry experience and expertise to industry. He now leads the execution of Scotiabank’s captive insurance service strategy and brings expertise in delivering services to single parent, health care and group captive insurance companies. Marcus is an Associate of the Chartered Institute of Bankers (ACIB designation), is a Chartered Investment Manager registered with the Canadian Securities Institute, and is a Certified Anti Money Laundering Specialist

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