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.

Spring Managing Partner to Present in Luxembourg

Karin Landry Spring Consulting GroupWe are excited to announce that Spring Managing Partner, Karin Landry, will be presenting at next week’s European Captive Forum conference.

Karin will be presenting a session titled: “Employee Benefits – Reflecting on successful employee benefit programmes, lessons learned and next steps” along with Valerie Alexander, Deputy to the Global Head of Corporate Insurance for Deutsche Bank and UK Head.

The session will focus on the advantages of benefit captive funding and how Deutsche Bank successfully wrote their life and disability risk into their captive. The session will also spotlight some of the results of the Spring 2016 Survey of Employee Benefit Captive Owners.

The European Captive Forum Conference runs from November 8th-9th in Luxembourg.

More details about the event, including registration information, can be found here.

Spring Short Listed for Prestigious European Employee Benefits Award

european captive services awards 2016We were very excited to find out this week that Spring has made the “short list” for a 2016 European Captive Services Awards.

The awards, presented by the highly regarded industry publication Captive Review, recognize firms “who have outperformed their competitors and peers, demonstrating the highest levels of excellence over the 12 month judging period.”

This year, Spring is nominated for Employee Benefits Consultant of the Year.  The award winners will be announced on November 7th in Luxembourg.

Spring Partner to Present at National Disability Management Conference

Karen English, Spring Consulting Group

Spring Partner, Karen English, will be presenting at the upcoming 2016 National Workers’ Compensation and Disability Conference.

Karen will be presenting a session titled “The “How To” of Integrating Comp, Disability and Leave Programs” along with co-presenter Terri Rhodes, CEO of the Disability Management Employer Coalition.

Employers have embarked on different journeys toward integrating administration of their workers’ comp, disability and leave-management programs to reduce costs, improve Return to Work, meet compliance mandates and enhance employee experience. Karen and Terri will share how-to strategies for a range of integration models, from the least integrated to the most — with workers’ comp in the mix! You’ll hear real examples of paths employers are taking to merge program offerings for greater efficiency and meeting not only Family and Medical Leave Act requirements, but increasingly Americans with Disabilities Act mandates as well.

Attendees can expect the following session takeaways:

  • Relate the value of merging occupational and non-occupational programs
  • Recommend how corporate departments interact to integrate
  • Differentiate models for integrating workers’ comp, disability and leave
  • Design an integration model fitting your operations

The National Workers’ Compensation and Disability Conference runs from November 30th- December 2nd in New Orleans, Louisiana.

More details about the event, including registration information, can be found here.