The Captive Insurance Companies Association (CICA) has announced the three finalist teams in its student essay contest, sponsored by Hylant Global Captive Solutions (Hylant GCS). The students will have their essays published by Captive Insurance Times. The three finalists are Harrison White and Bailey Sims of Butler University, Brian Dunn and Rose Gendy of Middle Tennessee State University, and Gracie Law and Sofia Davis from Temple University. For the competition, two-person teams were asked to describe how and why a captive insurance company could be used as a cost-effective means of alternative risk financing for new and growing risk challenges. The three finalist teams will work with mentors from Hylant GCS to revise and enhance their essays, which will be judged again to determine the top three position rankings. The winners will be announced during the CICA International Conference, to be held from 10 to 12 March in Arizona. The finalist teams will also present their case studies during an education session. CICA President Dan Towle comments: “Each year it's wonderful to see the sparks our essay contest ignites. Students consistently tell us that participating helped them see how innovative and challenging the captive insurance industry is. “We give them an inside view and they are seeing first-hand the increasing opportunities for using captive insurance and for careers that grow with the industry.” Anne Marie Towle, CEO of global risk and captive solutions at Hylant, and essay contest sponsor, adds: “The captive industry is growing rapidly. We need to engage more students by showing them the diversity of skills and creativity required to create captive insurance solutions for today’s risk management challenges.”
