For Immediate Release
2-20-19 Los Angeles, California
Many experts in the association meeting industry, particularly those working the “conference circuit,” will agree that the best measurement of the success of any conference meeting is not the number of attendees, the amount of “profit” generated, nor the numerosity of panel topics, but rather it is the quality of the interaction inspired and generated amongst those participating.
If this adage is true, then it has to be said that the February 12, 2019 RRG Leaders’ Summit was by all accounts a complete success!
The one-day “invitation-only” gathering took place at the beautiful Sofitel Los Angeles Beverly Hills Hotel. This first-ever partnership joint effort by the National Risk Retention Association (NRRA) and Captive Review was inspired by NRRA’s desire to develop a mid-year meeting of purely RRG executive leaders to discuss “behind the scenes” efforts and strategies by NRRA to improve the regulatory landscape and level the playing field for all RRGs, combined with Captive Review’s desire to build upon its successful “Captive Leader Summits” by creating a unique format designed especially for RRGs.
“I am particularly proud of what this meeting actually accomplished, and could not have been happier with the outcome and outpouring of praise for the event by our attendees,” said NRRA chairman Michael Schroeder, also Chairman and General Counsel for Allied Professionals Insurance Company, RRG. “It was not our desire or intent that this first effort would be a large one,” he went on to say, “but rather a high quality performance by many leaders, including thought leadership provided by many of the NRRA board members in the round table discussions, where everyone attending had some dramatic input.”
“The quality of the discussions really resonated with the attendees.” added Skip Myers, NRRA’s general counsel,” I’ve never attended a conference where such a significant percentage of those attending actively participated in the discussions! This was a lot of fun and inspiring.”
Clearly, the secret to the success of the program was the way in which the discussion topics integrated the reality-based needs of RRG leaders with the often unpublished efforts by their leader-peers within the industry to learn new strategies, become updated on the regulatory and judicial landscape and, importantly, to see the future of the industry through the eyes of their peers.
Lively discussions took place in many of the round table groups. The debate over what will happen over the next five years in the industry and management of legacy risks was enhanced by a cameo appearance of a young artificial intelligence expert evaluating the practical prospects of using A.I. to enhance the competitive edge of the industry. The impact and long shadow of healthcare, historically and futuristically, exposed the developing cross-over implications that the present healthcare system will have on medical professional liability. Not only did many company executives learn how NRRA has actually now leveraged a significant aspect of the legal standing of RRGs to challenge disadvantageous state insurance laws, they learned how to do that for themselves. In the process, they got a sneak peek at the future strategic efforts by the association which is perched to expand that battlefield.
Participants were able to “let their hair down” on the realities of board complexion, creative governance and the ability to properly use the law to create unique and highly beneficial policy products and provisions to enhance the sophistication of their risk management protocols. Since many are in agreement that it might be a misnomer to still call it the “soft” market, the program included some meaningful, not to mention lively, discussion groups on driving efficiencies, putting the companies’ assets to work, and indeed, if all else were to fail, a very frank session on exit strategies and offloading legacy business. Also discussed were the “right” way versus the “wrong” way to handle fiduciary responsibilities and finances, followed by, appropriately, where and how to re-domicile, if necessary.
Suffice it to say, this program had something in it for everyone, but the best part about it was that “everyone” contributed to it.
Nick Morgan, President of Pageant Media, the owner of Captive review, said, “This is definitely a “go” for us for next year. I hope Joe Deems will be “in” again! It was fun, invigorating, enlightening, and we received nothing but positive comments.”
Please visit the website for this event at: https://www.rrgsummit.com