The Edge of Risk Podcast by IRMI

Navigating the Evolution of a Captive Insurance Program in Construction


Listen Later

In this episode of The Edge of Risk podcast, host Joel Appelbaum welcomes Andy Stoelting, senior director of insurance and risk management at Webcor, to discuss the evolution of Webcor's Hawaii-domiciled captive insurance company, Paramount Insurance, Inc. Andy shares his journey from insurance defense attorney to risk management leader and provides an inside look at how Paramount transitioned from a pure captive to a sponsored captive with protected cells.

The discussion explores how Paramount supports Webcor and its affiliates in managing construction risks, including innovative uses of the captive to address unique challenges, such as a 10-year performance obligation for the University of California, Merced project. Andy also highlights the benefits of domiciling in Hawaii, the influence of Japanese governance from Webcor's parent company, Obayashi Corporation, and the strategic considerations for balancing captive utilization with opportunities in the commercial market. Whether you're in the construction industry or exploring captives as a risk management tool, this episode offers valuable insights into the power of captive insurance in a complex and evolving landscape.

...more
View all episodesView all episodes
Download on the App Store

The Edge of Risk Podcast by IRMIBy irmi

  • 5
  • 5
  • 5
  • 5
  • 5

5

7 ratings


More shows like The Edge of Risk Podcast by IRMI

View all
Motley Fool Money by The Motley Fool

Motley Fool Money

3,181 Listeners

The School of Greatness by Lewis Howes

The School of Greatness

21,086 Listeners

We Study Billionaires - The Investor’s Podcast Network by The Investor's Podcast Network

We Study Billionaires - The Investor’s Podcast Network

3,375 Listeners

The Ben Shapiro Show by The Daily Wire

The Ben Shapiro Show

152,053 Listeners

The Agent Leader Podcast by Brent Kelly--The Agent Leader Podcast

The Agent Leader Podcast

52 Listeners

Global Captive Podcast by Global Captive Podcast

Global Captive Podcast

21 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

8,349 Listeners

Power Producers Podcast by David Carothers

Power Producers Podcast

117 Listeners

The Tucker Carlson Show by Tucker Carlson Network

The Tucker Carlson Show

14,078 Listeners