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GC&C appoints Silvestri as Head of Aviation
17 October 2024
Italy Reporter Clelia Frondaroli

Alongside his new position, Silvestri will also maintain his current role as head of aviation within the underwriting function of GC&C Italy

Specialist Risk Group names Yap as CEO of APAC
17 October 2024
Singapore Reporter Karl Loomes

This move comes as part of SRG’s broader expansion in the region, following its recent acquisition of HL Suntek Insurance Brokers

AM Best affirms credit ratings of Stonefort Reinsurance
16 October 2024
Luxembourg Reporter Diana Bui

AM Best has affirmed the financial strength rating of ‘A-’ (Excellent) of Stonefort Reinsurance, a Luxembourg-based subsidiary of HOCHTIEF Aktiengesellschaft

Optio Group appoints van der Veer as Managing Director for Europe
16 October 2024
UK Reporter Diana Bui

Optio Group has appointed Marc van der Veer to the newly created role of managing director for Europe, effective immediately

Cayman reports continued growth in captive licences in Q3 2024
15 October 2024
Cayman Islands Reporter Diana Bui

With 24 new licensees from the first half of 2024, CIMA authorises a total of 29 international insurance companies so far in 2024, representing a notable increase over the same period in 2023

Specialist Risk Group launches in Asia Pacific, acquiring HL Suntek
15 October 2024
Singapore Reporter Diana Bui

Based in Singapore, SRG will closely follow its UK business model to build a strong regional presence, leveraging local expertise and a client-centric approach to serve local markets

Gallagher launches tax risk practice for Europe
14 October 2024
Netherlands Reporter Diana Bui

Gallagher has unveiled a new tax risk practice aimed at supporting clients across Europe, appointing Joyce Koch as senior tax broker

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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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