ACE USA Risk Management Podcast #1: Captive Insurers vs. Traditional Insurers

ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, is pleased to offer Episode #1 of the “Ace USA Risk Management Group Podcast.” In this program, we chat with Ken Riegler, Executive Vice President/Director of Field Operations, ACE USA Risk Management Group; and Carol Frey, Vice President, Business Development and Client Retention, about important considerations when firms are thinking about establishing a captive insurance company as an alternative risk management mechanism.

Ken Riegler, EVP, has served as Director of Field Operations for Dallas, Houston, Los Angeles, San Francisco and Philadelphia since April 2006. Ken’s significant prior experience as Boston Branch Manager and Regional Manager of ARM’s Pacific Region has prepared him to successfully guide each of these operations in achieving its fullest potential.

Mr. Riegler most recently served as Senior Vice President, National Excess Workers Compensation for ARM. Prior to that position he was Senior Vice President for ARM’s Pacific region and held the same position for ARM’s Boston office. He joined ACE USA in 1999 after holding various management positions with Reliance Insurance Company’s National Risk Management Division, New Jersey Manufacturers’ Insurance Company and Travelers Insurance. Mr. Riegler holds bachelor of science from Springfield College in Springfield, Massachusetts and an MBA from St. John’s University in New York City.

Carol Frey is Vice President, Business Development & Client Retention, ACE Risk Management. She is responsible for national sales & marketing for ACE Risk Management, in addition to managing best practices throughout Ace Risk Management’s field offices. Carol also serves as both an internal and external resource for all ACE USA Divisions, producers and clients who want to explore more about captives in general as well as determine ACE’s appetite for captives. Carol has been with ACE for 19 years, serving in a variety of financial management positions, including nine years underwriting large Fortune 250 multinational casualty cash flow risks.

Download the Podcast here. ( 42.8 mb stereo MP3 file, [31:10] duration).

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ACE USA is the U.S.-based retail operating division of the ACE Group of Companies, headed by ACE Limited (NYSE: ACE), and is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.

Keywords: captive,insurer,riegler,frey,risk transfer, multinational, underwriting, cash flow risk, CICR, medical malpractice,med mal,cat losses,nontraditional,structured,alternative risk,insurance,risk,podcast,lubetkin,cherry hill,philadelphia,ace-ina

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