The Association is here to help interested parties develop and operate captives. We have been, and continue, working to grow the infrastructure to support captives in KY with State Government, the legislature, our regulators and economic development cabinet. We help educate captive owners and prospective owners as well as helping the national network of service providers to get established and operating here in Middle America.
If you have not already made plans to attend our annual Executive Education Conference, please do so.
Finally, I want to thank our fine committee members who have agreed to serve on the Association's Education, Membership, Communications, Legislative and Executive Committees. Without them, all this could not have happened. Special thanks to Nick Teetelli of Maple Technologies for contributing this web site, Michelle Pfeffer of Wells Fargo for her leadership and George Gorin of The Underwriters Group for the many hours contributed to our branding, artwork and website development.
Please contact us if you have any inquiries or an issue you think needs attention or would be interested in serving on one of the association committees.
The Kentucky Captive Association was formed in May of 2004. Its purpose is to promote knowledge about captive insurance companies and champion a captive friendly environment in the Commonwealth of Kentucky. The association is active with the legislature, provides educational resources and captive service provider networking and information. Through active association assistance, the number of captives and risk retention groups domiciled in Kentucky as increased from four (4) at the association’s creation to over eighty (80) as of May, 2009. Conveniently located in the heart of the country, travel in and out of Kentucky is efficient and cost effective. We invite you to explore the advantages of domiciling your captive in Kentucky - The Domicile of Choice in Middle America.
For more information about the association, please contact :
Stuart Ferguson CPCU, ARM, Managing Director of The Underwriters Group has spent 20 years forming, advising, operating and servicing captives in the US, Europe, Scandinavia and offshore. He began his career with American International Group (AIG) in New York in the actuarial department of AIG Risk Management. From 1989 to 1993 he was posted in Paris, France as Vice President of AIG Europe. While there he was responsible for offshore insurance transactions, developing financial risk management concepts as well as consulting and underwriting for mergers and acquisitions in Europe and Scandinavia.
Mr. Ferguson joined Underwriters Safety & Claims in 1993 and is today Managing Director of The Underwriters Group overseeing Commercial Insurance, Pension, Programs and Captive Management. He is a frequent speaker on captives, workers compensation issues, a leading advocate of workers compensation reforms and Vice President of the Kentucky Workers Compensation Research Institute.
Thomas J. Munninghoff, CPA, MBA, JD Vice President
Tom has served as president of Munninghoff, Lange & Company since its formation in 1983. A lifelong Kentucky resident and partner in charge of the firm’s tax practice, Tom as become recognized authority in this area with over 38 years experience in public accounting. He gained his BA in Accountancy from Thomas More College in 1969, an MBA from Xavier University in 1971, and a law degree from the Northern Kentucky University Chase College of Law in 1976. Tom is a member of the AICPA and KSCPA as well as the Kentucky, Ohio and Florida Bar Associations and has been involved with Captive Insurance companies for over 25 years and has built a reputation across the United States as an expert in this field as well.
Steven Goodman, ESQ Secretary
Steven A. Goodman is a Shareholder/Partner with Lynch, Cox, Gilman and Goodman, PSC. His practice concentrates in the areas of transactional matters, tax, corporate & security law, business succession planning, employee benefits and estate planning. Prior to joining Lynch, Cox, Gilman and Goodman, P.S.C., Mr. Goodman was a Shareholder/Partner with the Louisville, Kentucky firm of Goldberg & Simpson, P.S.C.
A native of Lexington, Kentucky, Mr. Goodman holds a 1974 undergraduate degree from Indiana University, a 1977 Law Degree from the University of Kentucky and a 1981 Masters of Laws in Taxation from Georgetown University Law Center.
Pat Talley, CFE Treasurer
Pat Talley is President of Lloyd’s Kentucky, Inc., a U.S. subsidiary of Lloyd’ of London, the world’s largest specialist insurance market. Prior to joining Lloyd’s in 2006, he spent eight years in a consulting capacity as Chief Financial Analyst with the Kentucky Department of Insurance. While there he was instrumental in establishing Kentucky’s captive insurer program; he also represented Kentucky on various task forces and working groups of the National Association of Insurance Commissioners.
From 1989 to 1994, Pat served as Vice President of Trading and Operations for Commonwealth Investment Group, a Louisville-based institutional broker/dealer and investment adviser. Pat has a double major in Finance and Economics from the University of Kentucky and currently holds the designation of Certified Financial Examiner.