April 22, 2019

Non-CLE Webinars

Upcoming Webinar

Risk Retention Groups (RRGs) and Risk Purchasing Groups (RPGs) Opportunities and Problems

Join us on Wednesday, June 26, 2019 from 2:00 – 3:00 p.m. ET for this free, non-CLE webinar!

Presented by the Captive Insurance Committee

Topic

Description:

An RRG is a liability insurance company and an RPG is a mechanism to facilitate the purchase of liability insurance.   Both are authorized by federal law, the Liability Risk Retention Act, 15 USC § 3901, et seq.   Because insurance is regulated by the states, the exemptions from state law established by the Act create both opportunities and problems for RRGs and RPGs. 

The goal of this webinar will be to briefly explain the creation and operation of RRGs and RPGs and then to examine the practical issues that arise, particularly when state and federal laws conflict.  Webinar attendees should have at least a basic understanding of insurance regulation.

Program Moderator:

Bruce Wright is a partner at Eversheds Sutherland (US) LLP where he is involved in tax and insurance law issues including representation of property and casualty insurance companies, formation of single parent/group captive insurers, counseling of risk retention groups and creation of various types of alternative risk financing mechanisms, including, among others, "rent-a-captives" and "cell companies." His practice has included counseling clients on formation of commercial offshore privately and publicly held entities. Mr. Wright speaks regularly at industry conferences including the Vermont Captive Insurance Association, Captive Insurance Company Association and Hawaii Captive Insurance Association. He received a J.D. from Brooklyn Law School, cum laude and an LL.M. (Tax) from Georgetown University.

Panelists:

Robert H. (“Skip”) Myers, Jr. is the managing partner of the Washington, D.C. office of the law firm of Morris, Manning & Martin.  He is a graduate of Princeton University and the University of Virginia Law School.  He was named in the Top 5 of Captive Review’s Power 50 list of the global captive industry and is an inductee to the Captive Review Hall of Fame.  He was named Person of the Year 2011 by the Nevada Captive Insurance Association and was the recipient of the Vermont Captive Insurance Association 2013 Industry Services Award.  He was also selected as a 2014, 2015, 2016, 2017 and 2018 Washington D.C. Super Lawyer.  He received the award for Outstanding Contribution by an Individual at the US Captive Review Awards 2017.

Jon Harkavy has for many years been a strong advocate in the legal and political arena on behalf of our clients and the alternative insurance market community.  He served for eight years as Director of Governmental Affairs and General Counsel to the Risk and Insurance Management Society (RIMS) during which time Jon played a key role in the enactment of the Federal Liability Risk Retention Act Amendments of 1986.  Jon is a Director of the National Risk Retention Association (NRRA), a national organization representing risk retention and purchasing groups formed under the Federal law, a past Chairman of the American Bar Association’s Self-Insurers and Risk Managers Committee, former Chairperson of the Vermont Captive Insurance Association, and past Director on the Board of the Captive Insurance Council of the District of Columbia.

Registration

Registration for this event is not required.  Simply use the call-in information below to log in or dial-in 5 minutes before the meeting is set to begin.

Call-In Information

To join the online meeting (and add it to your calendar): 

Go to: https://intercall.webex.com/intercall/j.php?MTID=mcfa5538dc0265188391acf76e1d3331b

When requested, enter your name and email address.

  • Click "Join".
  • Provide your phone number when you join the meeting to receive a call back to participate in the audio portion of the webinar.

To join the audio only portion of the webinar, please use the following dial-in and conference code:

  • Dial-in: 866-646-6488
  • Conference Code: 477 963 3969

*Click here for global numbers

Program Materials and Past Programs

There are no written materials for this program. All recordings and materials from this program and previous programs are available for free for ABA members and can be found on the Captive Insurance Committee website.

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