Description

Attendees will hear first-hand from James Mason, owner of Magnolia Bank and it’s wholly owned Blue Grass Captive Insurance Company, how such captive has increased the Bank’s risk mitigation strategies, increased profitability, cash flow, and the future plans to help Magnolia Bank continue to grow.  Additionally, the seminar will highlight the benefits of a bank owning their own captive insurance company, and innovative and inexpensive ways a bank can form a captive in a sponsored captive structure.

The seminar will clearly show how bank cyber insurance coverage purchased from a commercial insurance company contains a multitude of exclusionary language, whereby the chances of a claim being paid is remote, and by forming a captive insurance company is an excellent strategy to insure a bank’s cyber liability exposures., along with pre-emptive actions to take to safeguard banks from cyber hacks.