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AM Best affirms credit ratings of Prism Assurance
03 June 2024
US Reporter Diana Bui

AM Best has affirmed the financial strength rating of ‘A-’ (Excellent) and the long-term issuer credit ratings of ‘a-’ (Excellent) of Prism Assurance, single-parent captives of Apogee.

Apollo launches first captive syndicate at Lloyd’s
03 June 2024
UK Reporter Diana Bui

Apollo is managing a captive syndicate in partnership with a major global client, with the aim of expanding its extensive market offering and leading managing agency services.

AM Best affirms ‘Excellent’ ratings for BNY Mellon's captives
31 May 2024
US Reporter Diana Bui

AM Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit ratings of ‘a+’ (Excellent) of BNY Trade and Hamilton Insurance, single-parent captives of BNY Mellon.

Macdonald appointed Chief Claims Officer at Munich Re Specialty
31 May 2024
US Reporter Diana Bui

Peter Macdonald brings 20 years of primary insurance claims experience to his new role.

Missouri Captive Insurance Association welcomes Bernards
30 May 2024
US Reporter Diana Bui

Ellen Sue Bernards is a senior vice president in alternate risk finance practice at Lockton Companies, with a focus on alternative risk programmes, captive and risk retention group consultation, and collateral strategies.

Authentic Insurance Services raises US$11 million in funding
30 May 2024
US Reporter Diana Bui

Authentic, led by founder and CEO Cole Riccardi, offers a 'captive-in-a-box' solution that enables software companies, associations, and other communities to quickly establish captive programs for their small business members.

Frédéric de Courtois elected President of Insurance Europe
30 May 2024
Finland Reporter Diana Bui

Frédéric de Courtois received unanimous support to lead the federation of European (re)insurance associations over the next three years.

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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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