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Vermont updates captive law to improve regulatory framework
21 May 2024
US Reporter Diana Bui

Vermont House Bill 659 clarifies the law in multiple instances to improve the process and consistency of regulatory practices, address unnecessary redundancies, and better align requirements with the captive marketplace.

Oklahoma to host OK Captive Day
21 May 2024
US Reporter Diana Bui

The Oklahoma Insurance Department (OID) will host OK Captive Day, scheduled for 20 August at the Embassy Suites Oklahoma City downtown.

RSA Insurance and Q Underwriting launch management liability offering
21 May 2024
UK Reporter Diana Bui

The new product offers management protection, covering D&O, corporate liability, employment practice liability and employee crime.

Vitesse welcomes Hess as US Executive President
21 May 2024
UK Reporter Klea Neza

In his new role, Curt Hess will oversee the company's continued expansion in the US market

WTW appoints Wright and McLaughlin to strategic client team
21 May 2024
US Reporter Diana Bui

Wright will serve as a strategic client engagement leader, and McLaughlin will be a global client advocate, both focused on the Fortune 1000 (F1000) industry segment.

Industry body advises regulatory change to facilitate UK domiciled captives
20 May 2024
UK Reporter Diana Bui

The London Market Group notes that the market for captive insurance worldwide is expected to reach US$161 billion by 2030, but the UK currently sees none of this business.

Earnix and Exavalu partner in pricing solution for P&C carriers
20 May 2024
UK Reporter Diana Bui

Earnix, an insurance and banking solution provider, has partnered with insurance digital advisory Exavalu to help property and casualty (P&C) insurance carriers modernise pricing and rating flexibility.

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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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