Spring Spotlight: Lai-Sahn Hackett

The term “consultant” is fairly vague, the term “actuary” is fairly confusing, and the term “captive insurance” is fairly unknown among many crowds. We’re looking to clear things up and put some faces to our name, especially since we’ve been blooming with new team members lately. So we’re bringing you a behind-the-scenes look at Spring to give you a better understanding of the people behind our work with our bi-weekly Spring Spotlight, starting with Lai-Sahn.

Lai-Sahn Hackett

Title: Consultant

Joined Spring in: June of 2013

At work: Lai-Sahn is a force to be reckoned with when it comes to Spring’s absence management consulting arm, helping clients to effectively manage any and all employee leaves (such as maternal or disability). She is particularly involved in market research, heading up various benchmarking surveys so we have insights and data to intelligently advise our clients.

Outside-of-work: When not buried in research data, Lai-Sahn can be found outside running. She is an avid runner and participates in a few races a year.

Favorite season: “Fall, because it’s good for running and I like the leaves.” (See, we didn’t force Spring upon her).

Favorite flower: Daisy.

Favorite food: Ice cream – coffee oreo is her fave flavor.

Favorite part about working at Spring: “The people. I really like my team. We also have a great location – I love being in downtown Boston.”

What is your spirit animal? “Probably a panda…that’s my login icon on my computer. I just love them and they’re also clumsy like me.”


Spring’s Managing Partner to Speak at IGP Employee Benefits Seminar

Karin Landry, Managing Partner at Spring, will be participating in a panel at the International Group Program (IGP) International Employee Benefits Seminar, which takes place from May 9th to the 11th at the Westin Copley Place Hotel in Boston.

Risk ManagementIGP will be celebrating its 50th anniversary at this year’s event – a three day conference focused on educating HR and like professionals about global employee benefits. Topics of discussion will include:

  • Typical benefits plan design
  • Funding requirements
  • Legislative updates
  • Recent trends and new products

All of these will be looked at from an international perspective, where attendees have the option of attending up to 11 different country panel discussions, as policies and norms are certainly not the same in every country. IGP is also offering training sessions as part of the event, with plenty of networking opportunities as well.

Our very own Karin Landry will be presenting on Thursday, May 11th at 9AM, alongside fellow benefit captive experts. They will be discussing how to best incorporate employee benefits coverage in a captive insurance arrangement. Specifically, they will offer their expertise on the ideal roles of HR and risk management, regulatory changes and industry trends.

If you’re interested in captive insurance and will be at the IPG seminar in May, be sure to check out Karin’s session. If you can’t make it (or are extra-interested), you might also enjoy our white paper – Funding Employee Benefits Through a Captive.

Spring Heading to Philly for the 2017 RIMS Annual Conference & Expo

While we wouldn’t hate going back to San Diego (home of the 2016 conference) during this dreary stretch of New England weather, Spring is excited to sponsor and attend the 2017 RIMS (The Risk & Insurance Management Society) annual conference in Philadelphia this April 23rd to the 26th.

Photo by Gladson Xavier via Pexels.com: https://www.pexels.com/photo/war-chess-59197/

Why Go?

Risk management is a complex business matter, and one that is evolving quickly as emerging technologies and cyber-related issues continue to arise at a rapid pace. As such, it’s important for professionals in this field to come together to share ideas and learn from each other. That’s why we’re delighted to send our own thought leaders to the RIMS annual conference for the 10th year in a row.

Spring’s Managing Partner Karin Landry, Partner Karen English, and Consultant Prabal Lakhanpal will be joining other experts in the risk management field for an action-packed four day conference. If you’ll be there too, be sure to say hello – we’ll be at booth 436!

What to Expect

Conference attendees will hear from speakers like Michael J. Fox and Tom Lawson (President & CEO of FM Global). Topics for discussion and educational sessions will include:

  • Enterprise Risk Management
  • Claims Management
  • Contractual Risk Transfer
  • Cyber Risk Management
  • Insurance and Contract Management
  • Emerging Risks
  • & more

For additional event details, visit the RIMS annual conference website.

In the meantime, you might also be interested in our white paper, Self-Funding and the Management of Risk, which you can download here.

Looking forward to seeing you at booth 436 from April 23rd-26th at the Pennsylvania Convention Center!

Spring Consulting Group Brings New & Innovative Risk Management Solution to Market: Bloom Insurance Company

Bloom Insurance to Offer Businesses & Groups Benefit of Managing Medical Stop Loss and other Risk through a Captive Without Having to Create One

bloom cell captiveWe are very excited to announce the launch of Bloom Insurance Company, a cutting-edge risk funding solution. Licensed in Delaware, Bloom Insurance Company is a series captive that offers businesses and organizations the benefits of insuring without the responsibility of creating a stand-alone captive.

Since 2004, Spring Consulting Group has been the premier provider of integrated and innovative solutions that help businesses and organizations yield health, wealth and productivity.

Bloom Insurance Company, which is bringing risk management to the sharing economy by creating a legal entity that can be divided into cells and rented out to companies and organizations interested in benefitting from a captive funding model to finance their risk; Most notably medical stop loss.

“We are so pleased to introduce Bloom Insurance Company, a turn-key solution to an often complex financial model,” said Karin Landry, Managing Partner of Spring Consulting Group. “We have found that developing an individual captive can seem complicated or even overwhelming to many businesses. Bloom will streamline this process, helping groups and businesses manage their risk through this innovative funding solution, and eliminating a headache for them.”

Businesses and organizations who rent a cell with Bloom Insurance Company will have access to an array of innovative product offerings from Spring Consulting Group, many of which provide a high-quality and plentiful marketplace for employee benefit vendors.

Members will also have access to Spring’s industry-leading human capital management system module, which refines and automates HR, Payroll and Benefits tasks – such as onboarding, time tracking, or compliance – bringing members into the digital age. Finally, Bloom members will benefit from the award-winning Spring team, whose decades of experience as captive consultants, underwriters, and employee benefit consultants will be available to them.

As a full-service offering that takes care of set-up and implementation for members, Bloom Insurance Company can save members both time and money typically spent on captive development. Additionally, Bloom offers the general benefits of insuring casualty/benefits risk using a series captive such as: continued administrative savings and day-to-day management services from an industry-leading captive expert.

To learn more about Bloom Insurance Company, click here.

Spring’s Karin Landry Receives 2017 CICA Distinguished Service Award

Landry Recognized As Industry Leader With Highest Honor from Captive Insurance Companies Association

CICA Cites Landry’s Significant Contributions to Advance Captive Insurance Industry Throughout Her Career 

karin landry cica distinguished service awardWe are pleased to announce that Karin Landry, Managing Partner of Spring Consulting Group, was today presented with the Captive Insurance Companies Association’s (CICA) highest honor: the CICA Distinguished Service Award. Established in 2006, the award was created to recognize individuals or organizations that have made significant contributions to advancing the captive insurance industry.

Karin Landry Spring Consulting Group“Captives are the LEGO of the insurance industry; there are a million different ways to piece them together and take them apart, allowing for infinite creativity. After 25 years in the industry, I am still excited to play with them and find the newest innovation to serve our clients,” said Karin Landry, Managing Partner of Spring Consulting Group.  “Captives allow companies like Spring to view insurance as more than just an expense but rather as a problem-solving opportunity for the myriad of financial challenges our clients face. I am deeply humbled by this honor from CICA, and I want to thank our dedicated team and incredible clients for supporting me and giving me the opportunity to do the work I love.”

Landry has more than 25 years of experience in the insurance, health care, risk financing, retirement and benefits industries. She is an internationally recognized leader in captive insurance strategy, benefits and financing. In addition, Landry helps a variety of governmental, corporate, insurance, financial services and health care provider clients develop and implement new strategies and programs, both domestically and internationally. Her expertise in life, health and retirement benefits, risk financing, property and casualty as well as insurance has helped clients to develop customized, innovative solutions.

Spring Consulting Group Members Named ‘Power Broker’ Once Again in 2017

power broker 2017

Image courtesy Risk & Insurance

We are pleased to announce that Risk & Insurance has honored two Spring Partners in their Power Broker award series for 2017.

Spring Managing Partner Karin Landry has been named a 2017 Power Broker and Spring Partner and Spring Partner Teri Weber, has been named a 2017 Finalist by the magazine. Landry’s award is in the Employee Benefit category and Weber was named in the Workers’ Compensation category.

The Power Broker designation recognizes individuals that display “devoted customer service, dedication to learning as much as you can about the industry you serve and driven creativity in finding solutions.” A description that fits both Landry and Weber very well.

Karin Landry, Spring Consulting Group Power BrokerKarin Landry has over 25 years of experience in the insurance, health care, risk financing, retirement and benefits industries. She is an internationally recognized leader in captive insurance strategy, benefits and financing. She is Past-Chairman of the Board of The Captive Insurance Company Association and a member of the ERISA Industry Committee and was recently appointed to the Board of Directors for Fallon Community Health Plan. She is also a Professor of Employee Benefits and member of the finance committee for the International Center of Captive Insurance Education part of the University of Vermont. Karin’s expertise around benefits allowed her to co-author a white paper for Business Insurance Magazine titled “Captives for Benefits: How to Use a Captive to Save Money and Enhance Benefits Coverage”, which is currently a top seller.

Teri Weber Spring Consulting Group Power Broker 2017Teri Weber has over 10 years of experience in health and welfare plan strategy, design, pricing and implementation. She also works with absence management programs, including disability, family medical leave and leave of absence tracking. Her areas of expertise have allowed her to work with diverse employers and vendors to streamline processes and programs to meet the needs of insurers, administrators, employers and employees. Teri is on the Board for the New England Employee Benefits Council (NEEBC) and recently served as lead editor for the Disability Management Employer Coalition’s (DMEC) Return to Work Program Manual.

Congratulations Karin and Teri for these well-deserved accolades!

More information about some of the services Karin and Teri provide to our clients can be found here.

Spring Partner Ranked 8th Most Influential in Captive Insurance Industry

Karin Landry Spring Consulting GroupWe were thrilled to find out yesterday that Spring’s Managing Partner, Karin Landry, has been named by Captive Review to the publication’s “Power 50” list for 2016.

The Power 50 list is widely considered as a listing of the captive insurance industry’s most accomplished individuals. Within the list, the judges rank the top 50 most influential professionals for the concluding year and Landry was ranked #8 this year.

The full Power 50 list will be included in Captive Review’s February 2017 print edition.

We couldn’t be more proud for Karin and our entire captive consulting and actuarial teams. We are all looking forward to an even more innovative and successful 2017!

A listing of Spring’s past awards can be found here.