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Bicknell moves to Revantage as VP of captive insurance
14 January 2025
US Reporter Diana Bui

Previously, Joshua Bicknell was director of captive initiatives at GPW and Associates

Fitch: LA wildfire unlikely to impact P&C insurance ratings
14 January 2025
US Reporter Diana Bui

The ongoing wildfires in the Los Angeles area are expected to generate insured losses surpassing historical highs but are unlikely to affect the ratings of property and casualty (P&C) (re)insurers

WTW introduces cyber facility for Hong Kong and Singapore businesses
14 January 2025
Hong Kong, Singapore Reporter Diana Bui

The facility, underwritten by QBE Insurance Group and AXA XL, offers an insurance capacity of up to US$15 million

CIRCA announces new leadership team for 2025
13 January 2025
Cayman Islands Reporter Diana Bui

Greg Mitchell of Aureum Re will serve as chair, with Faramarz Romer of Greenlight Re as vice chair

Arch Insurance EU promoted Smith to CEO
13 January 2025
Ireland Reporter Diana Bui

Duncan Smith will lead the executive management team of Arch and deliver on the company’s growth plans for continental Europe through its expanding network of branch offices.

AM Best affirms ‘Excellent’ credit ratings of Stellar Insurance
10 January 2025
Bermuda Reporter Diana Bui

AM Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a+’ (Excellent) of Stellar Insurance, a single-parent captive of the Saudi Arabian Oil Company

CICA announces former UFC fighter as keynote speaker for 2025 conference
10 January 2025
US Reporter Diana Bui

The Captive Insurance Companies Association (CICA) has revealed that Justin Wren, founder and CEO of Fight For The Forgotten, will deliver the keynote address at its 2025 international conference

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Latest issue 278
Issue archive
Inside this issue

In this issue of Captive Insurance Times, Karl Loomes sits down with Jason Stevenson, director at ALT/r Consulting, to discuss the role of an independent consultancy and how to advise clients interested in captives.

As digital assets gain traction, the Bermuda Monetary Authority has adapted its regulatory framework, creating new opportunities for captive insurers in this evolving space.

Elsewhere, Diana Bui talks to Diana Hardy and Bailey Roese, co-chairs of CICA’s NEXTGen initiative, about strategies for attracting more young talent to the captive insurance industry.

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Interviews
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John Michael Alexander and Ryan Basnett
South Carolina Department of Insurance

John Michael Alexander and Ryan Basnett from the South Carolina Department of Insurance explain the competitive advantages for small and medium-sized businesses when choosing South Carolina as the domicile to establish their captives

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Fenhua Liu
Connecticut Insurance Department

Connecticut Insurance Department’s Fenhua Liu talks about the upcoming CT Captive Insurance Forum and the plans to accelerate the captive growth in the State

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Waqqas Asghar
RH CPAs

Waqqas Asghar, audit director at RH CPAs, speaks to John Savage about harnessing captives to optimise financial benefits during mergers and acquisitions and initial public offerings

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Jacqueline Quintal
Marsh

Jacqueline Quintal, managing director in Financial Institutions Group at Marsh, sheds light on the use of digital assets in the captive insurance space

Features
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Mastering risks through captive insurance

Tibor Boettcher, CEO and executive director of Volkswagen Insurance Company, shares with Diana Bui how the captive plays a crucial role in the automotive giant’s risk management strategy

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No fate but what captives make

The rise of AI has been swift, but must captive insurance accept the technology as an inevitability and adapt, or resist?

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Partnerships shaping Connecticut’s captives

Leaders from key organisations share insights on regulatory support, economic impact, and the evolving role of InsurTech in the captive market

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Domicile profiles
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Barbados

Carmel L. Haynes, executive director at Barbados International Business Association, highlights the significance of the upcoming Barbados Risk & Insurance Management 2025 Conference in fostering innovative solutions and global collaboration in the industry

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Europe

Experts from AM Best delve into transformative trends in European captive insurance market, outlined in their latest report ‘New Domiciles Are Changing the Landscape for the European Captive Insurance Segment’

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Hong Kong

The success of Hong Kong’s current cohort of captives is spurring the jurisdiction’s leaders and regulators into action in a bid to encourage local and Chinese companies to follow suit

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Delaware

Delaware’s rise as a key player in captive space is no accident, with its robust regulatory framework, strategic location, and commitment to responsive service making it a top choice for businesses

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