CICA Honors 2012 Recipients of Prestigious Industry Awards

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The Captive Insurance Companies Association (CICA) will honor the 2012 recipients of the CICA Distinguished Service Award and the CICA Outstanding Captive Award at the Opening Session of the CICA 2012 International Conference on Monday, March 12, 2012 in Scottsdale, Arizona.

Dan Labrie

Dan Labrie is one of the ‘good guys” of this industry and has provided thoughtful, quiet leadership in every key trade association for this industry.

The Captive Insurance Companies Association (CICA) will honor the 2012 recipients of the CICA Distinguished Service Award and the CICA Outstanding Captive Award at the Opening Session of the CICA 2012 International Conference on Monday, March 12, 2012 in Scottsdale, Arizona.

Dan Labrie has been named the recipient of the CICA 2012 Distinguished Service Award -- the highest award possible in the captive insurance industry. Mr. Labrie is president and CEO of the Housing Authority Insurance Group (HAIG), a family of companies serving the insurance and risk management needs of public and affordable housing communities. HAIG includes a risk retention group, two insurance companies, an insurance agency, and a software company. During his leadership of the captive insurance industry Mr. Labrie has served as Board Chair for both CICA (the Captive Insurance Companies Association) and VCIA (the Vermont Captive Insurance Association). He has also been active in NRRA (the National Risk Retention Association). Mr. Labrie served as a founding director of the International Center for Captive Insurance Education (ICCIE), the educational arm of the captive insurance industry. “One of the criteria for the CICA Distinguished Service Award is assisting in the growth and success of the captive insurance industry,” said CICA President Dennis Harwick. “Dan Labrie is one of the ‘good guys” of this industry and has provided thoughtful, quiet leadership in every key trade association for this industry.”

Agrinational Insurance Company, the captive insurance company subsidiary of Archer Daniels Midland Company (ADM), has been selected as the CICA 2012 Outstanding Captive Award winner. This award recognizes a successful captive insurance company that has shown creative uses for a captive, prevailed in difficult times, and gained a positive reputation among rating agencies, regulators, and colleagues in the captive industry. ADM’s first captive was formed in the Cayman Islands in 1975 and Agrinational Insurance Company was formed in Vermont in 1987. It is the only ADM captive active with new business. Under the leadership of Mike Lusk, ADM Vice President of Insurance and Risk Management, and Michael Scott, ADM Director of Insurance Operations, Agrinational Insurance Company has developed a reputation as an innovative leader in the arena of utilizing captives for strategic and creative purposes. Agrinational was one of the first captive insurance companies to be granted permission by the US Department of Labor to fund employee benefits within a captive. In addition, ADM uses Agrinational to provide a wide variety of insurance coverages, including property insurance, general liability and products liability, automobile liability, workers’ compensation, products recall, marine cargo, directors and officers, crop insurance, and employment practices coverages.

“Dan Labrie and Agrinational Insurance Company represent the best and brightest of the captive insurance industry, noted Dennis Harwick, president of CICA. “They are creative and original and they have found solutions for their organizations’ needs.”

CICA’s 2012 International Conference on March 11-13, 2012 in Scottsdale, Arizona features two full days of intensive education sessions and a comprehensive tradeshow where captive owners and risk managers can learn about and evaluate business solutions and ideas with service providers and domiciles. CICA will be celebrating its 40th anniversary with the theme “40 Years of Captive Leadership”.

CICA is the only domicile-neutral captive insurance association. Founded in 1972 by risk managers for their collective benefit, CICA works to provide the foremost education, networking and leadership for captive and risk retention group professionals. Through CICA's personal network focused on the common issues that concern captives and risk retention groups, members are constantly exploring new ways to broaden the use of their captives to increase flexibility in program design, stabilize long-term program costs and increase access to both domestic (U.S.) and offshore reinsurance capacity.

For program details and registration fees for the CICA 2012 International Conference, visit http://www.CICAworld.com.

Contact: Dennis P. Harwick, CICA President
Phone: 727-374-7146
dharwick(at)CICAworld(dot)com
http://www.CICAworld.com

Captive Insurance Companies Association
4248 Park Glen Road
Minneapolis, MN 55416
Phone: 952-928-4655

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Amy Sellheim
CICA
(952) 928-4655
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