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AM Best downgrades credit ratings of Sun Re
20 June 2024
Saint Kitts and Nevis Reporter Diana Bui

AM Best has downgraded the financial strength rating to ‘B’ (Fair) from ‘B+’ (Good) of specialist facultative reinsurer Sun Re.

Hong Kong export insurer introduces trade credit coverage
19 June 2024
Hong Kong Reporter Diana Bui

Hong Kong Export Credit Insurance Corporation has launched its first trade credit insurance coverage based on SCOR Smart Credit.

Artex names Aleria as Vice President of Insurance Management
19 June 2024
Bermuda Reporter Diana Bui

Based in Bermuda, Irish Aleria joins the firm from Ocorian, where she served as client director and head of insurance and client accounting.

Zurich expands into India with acquisition of Kotak General Insurance
19 June 2024
India Reporter Diana Bui

The company states that this transaction represents the largest foreign investment in India's general insurance sector to date.

S&P Global launches new solution for credit risk assessment
18 June 2024
US Reporter Diana Bui

RiskGauge Desktop offers a proprietary scoring methodology that integrates market, financial, and business risk inputs, along with analytics data and detailed reports on over 50 million companies.

ANV expands transactional risk offering in US market
18 June 2024
US Reporter Diana Bui

The company will initially underwrite representations and warranties insurance on behalf of a panel of insurers, including AmTrust and various syndicates at Lloyd’s.

WTW names Graziano as Casualty Strategy and Execution Leader
18 June 2024
US Reporter Diana Bui

Based in Florida, Len Graziano will focus on developing and implementing client-centric initiatives throughout the casualty market in North America.

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Latest issue 273
Issue archive
Inside this issue

In this issue of Captive Insurance Times, Würk CEO Deborah Saneman unveils new captive offerings to help the legal cannabis industry in the US secure employee benefits.

With the UAE’s two financial-free zones stepping up their game, more local and regional businesses may be looking closer to home to meet their captive insurance needs.

Elsewhere, Michael Whitfield, head of UK relationships at Atlas Insurance, talks to John Savage about the rising opportunities for protected cell company in the UK market.

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Interviews
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Nate Reznicek
Captives.Insure

Nate Reznicek, president and principal consultant at Captives.Insure, discusses how the firm's independent approach to captive consulting and underwriting benefits brokers and captive managers

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Jen Lee
QBE North America

With rising demand for organ transplants straining the budgets of self-funded health plans, Jen Lee, vice president at QBE North America, speaks with Diana Bui about how the company’s specialised coverage and stop-loss integration offer a comprehensive solution while ensuring high-quality patient care

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Clint Casabella
Grid151

Clint Casabella, senior vice president for strategy and business development at Grid151, highlights the potential for title reinsurance solutions to address gaps left by traditional title insurers in the captive insurance market

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TJ Strickland
Strickland Hardee

TJ Strickland, managing partner at Strickland Hardee, explains the federal tax implications for captives in the US and how to reduce the risk of IRS scrutiny

Features
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Expanding footprint in Asia

The Cayman Islands opened its Asia office in Singapore in June this year in an attempt to bolster its offering in the region. Ned Holmes drills into the motivation behind their latest expansion and what it says about the Asian captives market

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Reshaping asset strategies under Solvency II

Diana Bui sits down with industry experts to assess how Solvency II modifications and other regulatory changes affect asset management strategies for captive insurers in Europe

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Insurtech’s well-laid plan

The innovation, creativity and agility of insurtechs make them a perfect fit for captive insurance when the time is right

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Domicile profiles
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Europe

Europe, home to many of the world’s leading financial centres, has yet to fully capitalise on its potential in the captive insurance market. Experts explore strategies to unlock the continent's untapped potential for growth in captive

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Michigan

Michigan’s captive premium volume grew beyond US$3 billion in 2023 as it continued to establish itself in a competitive US market. Ned Holmes investigates how the domicile has made up for lost time

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The Cayman Islands

The Cayman Islands is emerging as a leading hub for insurance-linked securities and collateralised reinsurance, attracting diverse industry players with innovative licensing and rapid regulatory processes

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The Bahamas

Dana Munnings-Gray, acting superintendent of insurance at the Insurance Commission of The Bahamas, outlines how to harness captive insurance to enhance wealth management and risk mitigation

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