Courtney Claflin

ICCIE core course: Understanding Risk and Risk Retention Mechanisms

Courtney is the Executive Director of Captive Programs for the University of California, Office of the President. Current captives under his direction include Fiat Lux Risk and Insurance Company, a single parent captive and UC Health RRG, A Reciprocal Risk Retention Group. The University of California system consists of 10 University campuses, 5 academic health systems, and 3 national laboratories, incorporating over 240,000 students, 280,000 faculty and staff, $30 billion of annual revenues and more than 1.7 million alumni living and working around the world.

As Executive Director, his role is the development, implementation and management of the captives and all captive activities. This includes strategic planning and management of current captive programs and the formulation and development of new risk financing strategies utilizing captive insurance arrangements.

Previously, he spent 30 years in the insurance brokerage community as a direct writing agent, independent broker and ultimately a captive insurance practitioner. He is the principal architect of numerous single parent, group, health, micro and association captives and was named The 2016 Captive Professional of the Year at the Captive Review 2016 US Captive Services Awards. In addition, one of the captive insurance companies he manages, Fiat Lux Risk and Insurance Company, was named the 2017 Outstanding Captive Insurance Company of the Year by the captive insurance industries national association, CICA. Mr. Claflin is also a member of the faculty for the International Center for Captive Insurance Education which provides the captive insurance industries pre-eminent professional designation.


Understanding Risk and Risk Retention Mechanisms