RIMS will add captive, alternative risk transfer track at Riskworld

The Risk & Insurance Management Society Inc. will add a captives and alternative risk transfer educational track at its upcoming 2025 Riskworld conference, the New York-based organization’s newly minted president said Thursday.

Many companies are considering alternative risk financing, such as setting up a captive, RIMS President Kristen Peed, head of corporate risk at Sequoia Benefits and Insurance Services LLC, said in an interview.

Multiple captive conferences are held during the year, but not everybody has the opportunity to attend all of them, Ms. Peed said. “We wanted to make sure we are providing education for our RIMS members,” she said.

“It’ll be a great way for risk managers who may not be engaged in this part of our industry yet to learn more and come back with great ideas to help their companies save money and maximize their risk management potential,” Ms. Peed said.

Sequoia has an Arizona-domiciled captive that it uses for its professional employers organization Sequoia One PEO LLC. The captive helps fund some of its workers compensation coverage for employees at its technology company clients, she said.

Ms. Peed, a captive industry leader, was formerly director of corporate risk management at Cleveland-based CBIZ, where she oversaw the company’s formation of a single parent captive in Vermont in 2023.

“A captive just gives you so much creativity and the ability to really do things that you can’t do in a traditional market,” Ms. Peed said.

The RIMS Riskworld annual conference and exhibition will take place in Chicago May 4-7 and marks the 75th anniversary of the organization.

Ms. Peed assumed the 2025 presidency of RIMS on Jan. 1.