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World Captive Forum to honor Nestlé's Intercona Re captive

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The World Captive Forum has selected Vevey, Switzerland-based Nestlé S.A. as the recipient of the conference’s 2015 Award of Excellence for its Switzerland-domiciled reinsurance captive, Intercona Re.

Andrew Bradley, head of group risk services and CEO of Intercona Re, and Pascal Prevost, general manager of Intercona Re, will accept the award on behalf of Nestlé in a ceremony Feb. 3, 2015, during the 2015 World Captive Forum in Boca Raton, Florida.

The WCF Award of Excellence recognizes the parent of a single-owner captive for leadership in using a captive for funding property/casualty and employee benefits exposures, contributions to the enterprise’s strategy and objectives and those of its businesses in the field, and contributions to the risk and insurance profession, especially with regard to the use of captive insurance programs.

Nestlé’s Intercona Re captive covers a diverse portfolio of risks and supports various strategic business objectives for the international food and beverage company, the WCF said in a statement. In addition to using Intercona Re to provide property, general liability, marine and motor coverages, Nestlé uses the captive to provide employee benefits, including medical benefits. The captive also helps finance Nestlé loss prevention efforts around the world.

Messrs. Bradley and Prevost will discuss Nestlé’s captive program as part of a captive case studies session during the 2015 World Captive Forum.

Previous recipients of the WCF Award of Excellence include Caterpillar Inc., The Coca-Cola Co., Archer Daniels Midland Co. and Deutsche Post DHL.

Organized by Business Insurance, R&Q Quest and Towers Watson & Co., the World Captive Forum is an annual three-day event drawing risk managers, benefits managers, captive managers, captive owners, regulators and service providers. The 2015 WCF is scheduled for Feb. 2-4, 2015, at the Boca Raton Resort & Club in Boca Raton. More information is available here.

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