09. Your Captive: The Insurer Outside the Box

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John Alberici is President of Contractors Casualty Company, a wholly owned Vermont captive, and Chairman of its parent company, Alberici Corporation, St. Louis. An agent/broker in Missouri, he has been involved in insurance and surety work in the construction industry for over three decades. Mr. Alberici has been active on many of VCIA’s committees, was the 2003 recipient of VCIA’s Captive Crusader Award, and a past Chairman of the Board. A frequent speaker at insurance and construction seminars, he graduated from the University of Dayton last century.

John Ferrara, FCAS, MAAA, is a senior manager at Ernst & Young. John has over thirty-one years of experience including serving as the Chief Actuary and United States Board Member of a major insurer and reinsurer, the Chief Actuary of a reinsurance intermediary, the President of a Branch General Insurance Agency Operation and the lead actuary of a Bermudian actuarial practice for one of the major accounting firms. John’s work today focuses on captives, reinsurance and specialty insurance coverages, as well as traditional pricing and reserving projects. John has a Bachelor Degree in Applied Math and Statistics Degree in Mechanical Engineering from the State University of New York at Stony Brook.

Ed Koral is a Director with WTW’s Strategic Risk Consulting group. He supports corporate clients with program design and analysis, working with clients to develop bespoke insurance and non-insurance solutions for their unique risk profiles. He has over 35 years of experience with captives and other alternative risk funding programs. Ed joined WTW in 2021, after spending many years with Deloitte Consulting and BDO, as well as a large international brokerage firm. Ed also served briefly as risk manager for a large consumer financial products company, where he managed the operations of two captives. Ed has served VCIA in multiple capacities: as a Board member for six years, and as a conference committee member. Currently, Ed serves on the faculty of the International Center for Captive Insurance Education (ICCIE).

Sal Pellegrino is the Sr. Vice President and Chief Operating Officer of Caring Communities, a Reciprocal Risk Retention Group. Caring Communities is the leading provider of alternative insurance and risk management solutions to not-for-profit senior housing and care providers. Caring Communities and its wholly owned Cayman subsidiary, Caring Communities Insurance Company, are both rated A (Excellent) by AM Best. Sal joined Caring Communities as Vice President & General Counsel in late 2011 and was primarily responsible for representing Caring Communities and its subsidiaries in all legal and regulatory matters. Beginning January 1, 2020, Sal assumed the role of Sr. Vice President & Chief Operating Officer. In this capacity, Sal’s core responsibilities include oversight and enhancement of the Company’s Claims, Underwriting, Risk Management and Data Analytics operations. As a member of the Leadership Team, Sal provides insights on the development of new strategic initiatives and is responsible for executing numerous existing initiatives such as product development. Sal received his Bachelor of Arts in Political Science from Northern Illinois University. He later received his Juris Doctor from The John Marshall Law School.