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

9 ratings


More shows like The Edge of Risk Podcast by IRMI

View all
The Joe Rogan Experience by Joe Rogan

The Joe Rogan Experience

223,490 Listeners

Hidden Brain by Hidden Brain, Shankar Vedantam

Hidden Brain

43,244 Listeners

Pardon My Take by Barstool Sports

Pardon My Take

81,727 Listeners

The Jordan B. Peterson Podcast by Dr. Jordan B. Peterson

The Jordan B. Peterson Podcast

33,875 Listeners

The Daily by The New York Times

The Daily

111,437 Listeners

Up First from NPR by NPR

Up First from NPR

56,158 Listeners

Today, Explained by Vox

Today, Explained

10,060 Listeners

The Perfect Scam by AARP

The Perfect Scam

1,072 Listeners

Global Captive Podcast by Global Captive Podcast

Global Captive Podcast

22 Listeners

The Journal. by The Wall Street Journal & Gimlet

The Journal.

5,888 Listeners

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

All-In with Chamath, Jason, Sacks & Friedberg

8,688 Listeners

IN-the-Know by The Institutes CPCU Society

IN-the-Know

16 Listeners

The Megyn Kelly Show by SiriusXM

The Megyn Kelly Show

38,017 Listeners

The Max Revenue Show by Max Revenue

The Max Revenue Show

15 Listeners