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David Ward named as BPS shareholder
12 October 2023
US Reporter Lucy Carter

BPS has named David Ward as a shareholder, effective 1 January 2024. He joins 10 existing shareholders in the company

VCIEL launches networking event in Burlington
11 October 2023
US Reporter Jenna Lomax

Formed in March 2023, as an affiliate to Vermont Captive Insurance Association, the group has been set up to address the challenges for the next generation in the captive workforce

BevCap appoints Steven Rice as vice president of business development
10 October 2023
US Reporter Jenna Lomax

BevCap is a programme manager for multiple captive insurance companies and national guaranteed cost programmes

Arthur J. Gallagher acquires Kentucky-based Altman Insurance Services
09 October 2023
US Reporter Frances Jones

Altman Insurance Services provides employee benefits brokerage and consulting services to large and small group businesses in Kentucky, Indiana, Ohio and Tennessee

AM Best affirms “Excellent” rating for Lufthansa’s captive
09 October 2023
AM Best affirms “Excellent” rating for Lufthansa’s captive Reporter Frances Jones

The ratings also reflect a rating drag due to the company’s association with its financially weaker parent

Autoliv promotes Karl-Johan Rodert to group director captive and insurance
06 October 2023
Germany Reporter Frances Jones

He first joined Autoliv in 2021 as group manager of captive and insurance

AM Best affirms "Excellent" rating for Dow’s reinsurance captive
05 October 2023
US Reporter Frances Jones

Dorinco is the single-parent reinsurance captive of the Michigan-based Dow Chemical Company

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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

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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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