22. 4 Ways to Define Captive Insurance

Go Back

Jim DeVoe-Talluto is an Assistant Director with the Vermont Department of Financial Regulation – Captive Division, where he directly supports the Director of Captive Insurance and Deputy Commissioner of Captives in licensing, strategic planning, legislative initiatives and industry outreach. Jim joined the Captive Division in 2004 and has been involved in all aspects of the analysis and examination processes. Prior to joining the Captive Division, Jim spent three years in public accounting and captive management. Jim earned a M.S. in Accounting and MBA from Northeastern University and a B.A. in English from Stanford University.

Charles J. (Chaz) Lavelle was elected to the Captive Review Hall of Fame and has received VCIA’s “Service to the Captive Industry,” CICA’s “Distinguished Service” and Captive Review’s “Outstanding Contribution” awards. He is a lawyer in the Louisville, Kentucky office of Dentons Bingham Greenebaum LLP. He regularly represents clients before the IRS, and frequently speaks and writes on captive insurance topics. Chaz was outside Tax Counsel for both Humana (brother-sister) and Ocean Drilling (unrelated business) in their captive insurance victories in the U.S. Court of Appeals. Among his civic and charitable activities, he is past Chair of the Kentucky Chamber of Commerce.

John Prescott serves as Managing Partner of Johnson Lambert LLP, a multi-office, niche-focused firm that provides audit, tax and consulting services to insurance entities, nonprofit organizations and employee benefit plans. In that role, John is responsible for implementing strategic direction and oversight of firm operations and ensuring that Johnson Lambert vigorously pursues its vision, mission and core values. John has 30 years of experience serving a wide variety of insurance entities, including commercial carriers, surplus lines, governmental risk pools and alternative risk entities. He is a frequent speaker and author on insurance and alternative risk topics. John holds CPA licenses in Vermont, New York, Hawaii, Virginia and South Carolina. Additionally, John serves on the Executive Committee of DFK USA, a worldwide association of independent accounting firms.

Robert Walling is a Principal and Consulting Actuary with Pinnacle Actuarial Resources, Inc and has been in the insurance industry since 1989. He is primarily focused on actuarial studies for captives and self-insureds, including regulatory and litigation support. He also performs commercial lines ratemaking and reserving studies, as well as legislative costing. Mr. Walling has been named one of Captive Review’s Captive Power 50 many times. He has served on the CAS Board of Directors, the Casualty Committee of the Actuarial Standards Board, and numerous CAS and AAA committees, three of them as chairperson. He is a faculty member of the International Center for Captive Insurance Education (ICCIE). Mr. Walling is a frequent speaker at industry meetings on a wide array of topics.