Mike Meehan
CIC, CRM Consultant
Principal
Wakefield, MA, US
Mike Meehan is a principal with the Boston office of Milliman. He joined the firm in 1993.
Experience
Mike has experience with loss reserving, ratemaking, feasibility studies, and financial pro formas for insurance companies, captives, risk retention groups, self-insurance groups, excess insurance pools, municipalities, and Lloyd’s of London syndicates. In addition, Mike has assisted in the review of various rate filings for the Rhode Island Insurance Department. He also has experience with workers’ compensation residual markets.
Publications and Presentations
Mike is a frequent speaker on the topics of captives, risk retention groups, and alternative risk financing. He is the author of several published articles on the topics of captives and alternative risk financing. Examples include:
- Captive Insurance Times, Issue 53. "Policy language: what’s not in there could cost you."
- Captive pricing article, "Pricing for Captives: Communication Is Key to Getting It Right."
- Captive Insurance Times, Issue 125. "Simmering Nicely." July 2017.
- Captive Insurance Company Reports, "How Much Is Your Captive Saving You?" June 2017.
- Captive Insurance Company Reports, Tax Reform and Captives, March 2018.
- Captive International, "Adapting Risk Strategies to Cope with Covid-19." May 2020.
- Milliman Insight, "Captive Insurance: The Health Insurance Analogy." September 2021.
Professional Designations
- Certified Insurance Counselor
- Certified Risk Manager
- Recipient of Vermont Captive Insurance Association 2005 Captive Crusader Award
- Recipient of Vermont Captive Insurance Association 2021 Industry Service Award
- Named to Captive Review’s Power 50 as one of the most influential people in the captive insurance industry annually since 2016
Education
- BS. (magna cum laude), Mathematics, Bentley College, Waltham, Massachusetts
Affiliations
- Member, Bermuda Captive Conference Committee
- Member, Captive Insurance Companies Association, Amplify Women Committee
- Member, (former co-chair), North Carolina Captive Insurance Association, Conference Committee
- Member (former chair), Vermont Captive Insurance Association Conference Task Force
- Member (former chair), Vermont Captive Insurance Association Membership and Marketing Committee
- Member, Hawaii Captive Insurance Council Education Committee
- Member, Captive Insurance Companies Association, Program Committee
- Past member, North Carolina Captive Insurance Association Board of Directors (2019–2023)
- Past board member (2005–2011) and treasurer (2009–2011), Vermont Captive Insurance Association
- Past member, Vermont Captive Insurance Association Legislative Committee
- Past member (former chair), Vermont Captive Insurance Association Finance Committee
- Past member, Arizona Captive Insurance Association Strategic Planning Committee
Publications
Read their latest work
Article
Ten questions everyone’s asking about captives
12 August 2024 - by Mike Meehan, Kimberly W. Guerriero, Robert Bachler
As captives become an increasingly popular mechanism for financing emerging risks, Milliman experts answer common questions about these insurance vehicles.
Article
Captive insurance: The health insurance analogy
20 September 2021 - by Joel S. Chansky, Mike Meehan
We illustrate a captive insurance program using health insurance that a company provides to its employees.
Article
Adapting risk strategies to cope with COVID-19
07 May 2020 - by Mike Meehan
The onset of the COVID-19 pandemic has forced risk managers to throw their plans out the window and rethink how to manage their exposures.
Article
Remaining a vibrant domicile
11 December 2019 - by Mike Meehan
Michael Meehan discusses the current captive marketplace in Cayman.
Article
Tax reform and captives
05 June 2018 - by Joel S. Chansky, Mike Meehan
How will the newly minted tax legislation affect captives?
Article
Actuaries: Consider the reasons when forming a captive
17 August 2015 - by Mike Meehan
Captive formation relies heavily on the work of actuaries.
Article
Pricing for captives: Communication is key to getting it right
03 August 2015 - by Mike Meehan
One of the greatest advantages of an organization insuring its exposures through a captive is the opportunity to craft the policy language exactly as it would like to read.