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Hamilton Insurance promotes Chin to group chief actuary
14 May 2024
UK Reporter Diana Bui

Chin will report to Alex Baker, group chief risk officer, and have group-wide responsibility for reserving and pricing actuarial teams across Hamilton’s underwriting platforms, including Hamilton Global Specialty, Hamilton Select and Hamilton Re.

Bermuda continues captive growths
13 May 2024
Bermuda Reporter Diana Bui

Bermuda Monetary Authority (BMA) licensed three new captives between January and April 2024, taking the total number in the domicile to 630.

Augment Risk appoints Corver as advisor
13 May 2024
US Reporter Diana Bui

Corver retired from his position as group head of legacy M&A at R&Q Insurance in April 2023, where he was responsible for run-off liabilities from (re)insurers, captives and other self-insurance vehicles.

S&P reaffirms ‘A+’ sovereign credit rating for Bermuda
13 May 2024
Bermuda Reporter Diana Bui

S&P indicates that Bermuda’s economy is on track to continue growing, reflecting the strength in the international business sector, particularly (re)insurance.

Crawford to lead captives team at Crumdale Partners
13 May 2024
US Reporter Diana Bui

Previously, Crawford worked as regional vice president of captives at Summit Reinsurance Services and as vice president at True Captive Insurance.

Scherzinger promoted to group head of captives at Zurich Insurance
10 May 2024
Switzerland Reporter Diana Bui

Scherzinger is currently head of alternative risk solutions at Zurich North America, where she is responsible for the service and management of international insurance programmes for multinational customers.

Oklahoma Insurance Department recognised as ICCIE trained organisation
10 May 2024
US Reporter Diana Bui

It was announced during the 2024 Western Region Captive Insurance Conference (WRCIC) in Tulsa, Oklahoma, further signifying the agency’s commitment to making the state a desired domicile for captive insurance companies and service providers.

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Latest issue 267
Issue archive
Inside this issue

In this issue of Captive Insurance Times, Matthew Reddington, partner at ZMFF&J Law, sheds light on the first victory of a micro-captive against the IRS in court.

Elsewhere, Henry Brandts-Giesen and Jackson Tu’inukuafe of Dentons explain to family office and family business executives about the Cook Islands captive insurance regime.

Ten years after the inception of its captive insurance law, North Carolina is flourishing, having hit a significant milestone in licences, and having become the third largest domicile in the US. Ned Holmes examines what the Old North State is doing right.

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Interviews
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Brittany Nevins
Vermont Department of Economic Development

Vermont’s Brittany Nevins shares how the Vermont Captive Insurance Emerging Leaders programme is aiming to educate students and insurance professionals on the benefits of a career in captives

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Ed Goard
Yousif Capital Management

With interest rates in flux, captive insurers must take a nimble investment strategy to preserve capital and seize opportunities. Ed Goard of Yousif Capital Management discusses how dynamic asset allocation, disciplined rebalancing and prudent risk management can help captives thrive across economic cycles

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Travis Wegkamp
Utah Insurance Department

Travis Wegkamp provides CIT with an overview of Utah’s progress in the captive market, highlighting key regulatory changes and his future aspirations

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Dan Towle
CICA

CICA President Dan Towle hails the captive industry’s rapid growth, showcased by record attendance at the 2024 Conference, and outlines emerging trends – from talent initiatives driving diversity to private equity’s influx shaking up the job market

Features
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Editor's pick
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Going for gold

Industry experts discuss 2023’s captive market performance, trends and developments and share predictions for the coming year

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Micro-captives

Scott Simmons, director of Verve Risk Services, and Michael Maglaras, president of Michael Maglaras & Company, shine a light on abuse in the captives industry through the use of 831(b) of the Internal Revenue Code and how firms can protect themselves

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Bridge-it

Atlas Insurance PCC’s Ian-Edward Stafrace shares how innovative cell solutions can simplify cross-border insurance

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Domicile profiles
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Missouri

Sam Komo, insurance manager at the Missouri Department of Commerce and Insurance, reflects on progress and challenges for the state’s captive insurance programme in 2023

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The Bahamas

Dana Munnings-Gray, acting superintendent of insurance, outlines the benefits of The Bahamas as a captive domicile

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Labuan

Datuk Iskandar Mohd Nuli summarises how Labuan IBFC provides a complete captive-centric ecosystem that caters to the lifecycle of a self-insurance company

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Canada

Strategic Risk Solutions observes further domestic options for Canadian captives, while examining the markets of onshore domiciles, Alberta and British Columbia, and offshore in Barbados

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