Mike has experience with loss reserving, ratemaking, feasibility studies, and financial pro formas for insurance companies, captives, risk retention groups, self-insurance groups, excess insurance pools, municipalities, and Lloyd’s of London syndicates. In addition, Mike has assisted in the review of various rate filings for the Rhode Island Insurance Department. He also has experience with workers’ compensation residual markets.
Publications and Presentations
Mike is a frequent speaker on the topics of captives, risk retention groups, and alternative risk financing. He is the author of several published articles on the topics of captives and alternative risk financing. Examples include:
Captive Insurance Times, Issue 53. "Policy language: what’s not in there could cost you."
Captive pricing article, "Pricing for Captives: Communication Is Key to Getting It Right."
Captive Insurance Times, Issue 125. "Simmering Nicely." July 2017.
Captive Insurance Company Reports, "How Much Is Your Captive Saving You?" June 2017.
Captive Insurance Company Reports, Tax Reform and Captives, March 2018.
Captive International, "Adapting Risk Strategies to Cope with Covid-19." May 2020.
Milliman Insight, "Captive Insurance: The Health Insurance Analogy." September 2021.
Professional Designations
Certified Insurance Counselor
Certified Risk Manager
Recipient of Vermont Captive Insurance Association 2005 Captive Crusader Award
Recipient of Vermont Captive Insurance Association 2021 Industry Service Award
Named to Captive Review’s Power 50 as one of the most influential people in the captive insurance industry annually since 2016
Education
BS. (magna cum laude), Mathematics, Bentley College, Waltham, Massachusetts
Affiliations
Member, Bermuda Captive Conference Committee
Member, Captive Insurance Companies Association, Amplify Women Committee
Member, (former co-chair), North Carolina Captive Insurance Association, Conference Committee
Member (former chair), Vermont Captive Insurance Association Conference Task Force
Member (former chair), Vermont Captive Insurance Association Membership and Marketing Committee
Member, Hawaii Captive Insurance Council Education Committee
Member, Captive Insurance Companies Association, Program Committee
Past member, North Carolina Captive Insurance Association Board of Directors (2019–2023)
Past board member (2005–2011) and treasurer (2009–2011), Vermont Captive Insurance Association
Past member, Vermont Captive Insurance Association Legislative Committee
Past member (former chair), Vermont Captive Insurance Association Finance Committee
Past member, Arizona Captive Insurance Association Strategic Planning Committee
12 August 2024 - by Mike Meehan, Kimberly W. Guerriero, Robert Bachler
As captives become an increasingly popular mechanism for financing emerging risks, Milliman experts answer common questions about these insurance vehicles.
One of the greatest advantages of an organization insuring its exposures through a captive is the opportunity to craft the policy language exactly as it would like to read.
