DYLAN FERINGA

Dylan Feringa is an assistant vice president with PNC Institutional Asset Management’s Insurance & Specialised Industries Group. In this role, he consults with commercial insurance, captive insurance, and biotech/life science companies to identify solutions and provide actionable insight regarding their investment portfolios.

Feringa has brought over five years of investment management and relationship management experience to PNC. He started at PNC Bank in 2020 as a consultant in the National Expansion Group focusing on developing consumer banking and investments in new bank markets. Prior to joining PNC Institutional Asset Management he was at JP Morgan Chase focused on investment and banking relationship management.

Feringa said that he is extremely active in the support of the captive insurance industry, participating on CICA’s NextGen committee, other captive association planning committees and a speaker at CICA’s international conference. He holds the designation of CSRIC and is currently pursuing his Certified Investment Management Analyst (CIMA) designation. He also serves on the PNC’s Multicultural Board for Colorado as a vice president of the board and has volunteered at United Way Denver’s Bridging the Gap programme, providing youth leaving the foster care system banking 101 tips, how to build resumes and mock interviews to develop real-world skills.

Feringa is said to have made huge contributions since joining the PNC team a year and a half ago, and that his ability to network and build relationships across the industry is “unmatched”. He was described as having exceeded all expectations on business development and has become very well known in the industry.

Here he describes what needs to be done to keep the captive insurance industry at the cutting edge of insurance and why he can’t see himself working in any other sector.

Do you feel that the captive insurance industry is a rewarding sector to work in?

I believe the captives sector is one of the most diversified and rewarding sectors to work in.

How do you feel that the captive insurance industry will evolve?

The industry must be ready to help support our future generations of leaders in order to stay relevant. We are seeing an ageing workforce and many preparing for retirement. As the next generation’s leaders are supported and learn from today’s leaders this will help continue drive the relevance of the captives industry.

With these new leaders we can see newly innovative ideas that will help shape how we address new trends in risk lines, new usages for captives, our ever-changing technology landscape as well as how we utilise captives in soft insurance markets, being that we have been in a hard market for a number of years.

Future leaders and the next generation will continue to adapt the innovative ideas our industry has prided ourselves upon, and the next generations should build upon the foundations of prior leaders while also bringing in their new ideas to build upon that foundation.

Do you think that your long-term future remains in the captive insurance industry?

I can’t see myself working in another sector; the captives industry remains dynamic and touches upon so many different business sectors. For me, no captive client is the same as another—they all have their unique aspects. The captives space is a solution-oriented sector which helps defray and find attainable solutions for organisations rising insurance/risk management costs and needs.