The
Captive Insurance J O U R N A L
3rd Quarter 2013
I N
T H I S
I S S U E
Page 2 President’s Message
Page 3-7 2013 SCCIA Convention Highlights Wild Dunes, Isle of Palms
Page 8-9 Ray Farmer Interview
Page 10 South Carolina is on the Move!
SCCIA Member Spotlight Ann West was recently named Captive Person of the Year during the SCCIA 14th Annual Executive Educational Conference. Although she is this year’s recipient her contributions and dedication to the captive community in South Carolina are long standing. Ann began working on captives by managing the Alternative Risk Transfer initiative while she was at Gamble Givens and Moody, a Certified Public Accounting firm headquartered in South Carolina. Her impact within the industry deepened locally in May of 2005 when she joined HSBC Insurance Management to manage their state office. In June of 2011, Kane (USA), Inc. bought HSBC’s captive management practice and one year later she was named head of US operations for Kane. Throughout her career, Ann has worked tirelessly to expand and ensure the success of the captive insurance industry in South Carolina. In addition to her role at Kane, Ann has served in many leadership roles within the SCCIA. During her tenure there were many advances in the association’s activities. One of her primary contributions was the development of the Captive Insurance Political Action Committee (CIPAC). She recognized that in order for the captive initiative to be successful, we would need the support of the state legislators. She was instrumental in setting up and obtaining funding for the CIPAC which allowed the domicile to raise money to begin the process of educating the state legislators on the importance of the captive initiative. This initiative is on-going and continues to gain strength.
More About Ann Ann West has a Bachelor of Science in Business Administration from the College of Charleston and is a licensed CPA in South Carolina. She is a member of the American Institute of Certified Public Accountants and the SC Association of Public Accountants. She has also attained the Associate in Captive Insurance designation from the International Center for Captive Education and the Chartered Global Management Accountant designation through the Chartered Institute of Management Accountants. 2006 Strategic Planning Committee Member integral to improving the structure of the SCCIA and future strategy for the organization.
2007 Participated in a Critical Issues Forum which continued to make recommendations to grow the captive industry.
2008 Became the first woman in South Carolina appointed to the Board of Directors for the SCCIA.
2009 Developed a new strategic plan for the SCCIA with past President of the Board, John Weitzel.
2010 Elected President of the SCCIA Board of Directors and continued the implementation on the strategic plan that was developed in 2009.
2011 Began her role as Chairman of the SCCIA Board of Directors
2013 Elected Captive Person of the Year at the SCCIA 14th Annual Executive Educational Conference.