• The Captive Insurance Companies Association (CICA) is an association of risk managers established to educate, inform, support and provide valuable communication opportunities for members and stakeholders about captives, regardless of location or structure. CICA has no jurisdictional or commercial ties. Members come from a wide range of industries, with almost half of the members living in Bermuda and another quarter in Vermont. CICA joined forces with other government captives and risk management organizations to create a legislative body, the Coalition of Alternative Risk Financing Mechanisms (CARFM).