The Captive Insurance Companies Association (CICA) has handed out awards to Gary Bowers and the American Contractors Insurance Group (ACIG) for their contributions to the captive industry.
Bowers, a recently retired tax partner at Johnson Lambert and Company, received the distinguished service award, while ACIG, which provides coverage and risk management services to the construction industry, received the outstanding captive award.
The distinguished service award is presented to a single individual or entity that has made a significant contribution to advancing the captive insurance industry.
Bowers served the financial services, not for profit, and employee benefits industries for the majority of his career, and worked for KPMG and EY before joining Johnson Lambert in 2001.
He thanked the CICA board for the honour and added that he had “always thought of CICA as strengthening the future of the captive industry”.
He praised CICA for its “outstanding education programmes, its advocacy in both the US and overseas, and for the friendships formed at conferences”.
Bowers concluded: “I would like to thank my Johnson Lambert colleagues for allowing me opportunity and inspiration to do what I truly loved, and thanks to all my friends here at the conference.”
The outstanding captive award is presented to captive insurance companies or risk retention groups that show creative uses for a captive, have prevailed over difficult times, and have gained acceptance, recognition, and a positive reputation among rating agencies, regulators and colleagues in the captive industry.
Michael O’Neill, ACIG president, commented: “Our success is the result of the unwavering support of our members and staff. We receive this on their behalf.”
Bill MacIntyre, ACIG CEO, praised O’Neill for his service to ACIG and thanked CICA for the award.
He added: “We have had very loyal members, great service providers, and great staff.”
