Events & Webinars

May 15, 2019 2:00 PM - 3:00 PM (Eastern)

May Apex Discussion Series - Enterprise Risk Captives: Regulation and Prospective Developments

Wednesday, May 15, 2019 at 2:00 p.m. Eastern (1:00 p.m. Central)

Registration is open for our May APEX Webinar.

Join Director and Consulting Actuary Aaron Hillebrandt, Associate Actuary Nick Gurgone and special guest presenter Michael Corbett, the State of Tennessee's Director of Captive Insurance, as they discuss current regulatory considerations and potential future regulatory developments related to enterprise risk captives (ERCs), sometimes known as microcaptives or 831(b) captives. Included in the discussion will be actuarial best practices and thoughts on the actuarial profession’s self-regulation related to specialty practice areas such as ERCs.

We encourage interaction with our presenters. Please feel free to submit questions before the webinar to: We will address them during the presentation as time allows. You will also have the ability to submit questions in "real-time" during the session.

This webinar may qualify for up to 1 hour of continuing education.


Aaron N. Hillebrandt, FCAS, MAAA, CPCU, CLF, FFSI, FLMI, LPCS, AINS, is a Director & Consulting Actuary with Pinnacle Actuarial Resources, Inc. in the Bloomington, Illinois office. He holds a Bachelor’s Degree in Mathematics from Illinois State University, where he has been involved as a mathematics lecturer. He is an honorably discharged Sergeant and combat veteran of the United States Marine Corps, and he has over 11 years of actuarial experience in the property/casualty insurance industry. He currently serves as an Exam Chair in the CAS Syllabus and Examination Committee, along with involvement in CAS and captive association conference planning committees. He has also served on several boards, both within and outside of the insurance industry. Mr. Hillebrandt has considerable experience in assignments involving loss reserving, funding studies, loss cost projections, captive feasibility studies, and personal and commercial lines ratemaking. 

Nicholas Gurgone, ACAS, MAAA, is an Associate Actuary with Pinnacle Actuarial Resources, Inc. in the Bloomington, Illinois office. He holds a Bachelor of Science degree in Actuarial Science from Illinois State University in Normal, Illinois. He began work in the property/casualty insurance industry in 2015. Mr. Gurgone has experience in assignments involving loss reserving, funding studies, loss cost projections, captive feasibility studies, commercial lines ratemaking, and group captives. He has worked with loss reserve analyses and pricing analyses for group captive insurers writing commercial multi‐peril, workers’ compensation, auto liability, general liability, and auto physical damage coverage, as well as single parent captives that write coverage for enterprise risks. He also assists in developing and updating industry benchmarks by analyzing industry databases.

Michael A. Corbett is the Captive Insurance Director for the Tennessee Department of Insurance & Commerce. He has an MBA degree from Emory University and a bachelor’s degree from the University of Mississippi. He has studied advanced international finance at the London School of Business. Prior to joining the Department of Commerce and Insurance, Mr. Corbett developed an institutional financial consulting practice at a major brokerage house that focused on captive insurance companies. During this time, Mr. Corbett sat on the finance committee of the Vermont Captive Insurance Association and served as its Chairman. His duties at the Department include the admission and regulation of Tennessee captive insurance companies. Along with Commissioner McPeak, he and his staff are dedicated to making Tennessee a first class domicile for captive insurance companies.  Since the rewrite of the captive statute in 2011, the Captive Section has formed over 635 Risk Bearing Entities (RBEs) representing various types of captive insurance companies.


Pinnacle Actuarial Resources, Inc. offers webinars to provide relevant, thought-provoking and practical ideas and information on current issues in the insurance and financial services industries. Pinnacle's monthly APEX Discussion Series presentations are typically available on the third Thursday of each month at 2 p.m. ET free of charge. Participants may submit questions electronically during the sessions.

About Pinnacle
Pinnacle Actuarial Resources, Inc. is an independent actuarial and management consulting firm that’s large enough to provide a wealth of expertise and world-class solutions—yet small enough to be flexible, timely and cost-effective. Owned by our professional staff, Pinnacle ranks among the largest property-casualty actuarial firms in North America. Our Commitment Beyond Numbers philosophy is built on four foundational pillars, empathetic customer service, superior communication, expertise and better business decisions, that guide us to find the right solutions for our clients.


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