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Tanawa Tannock named Hydra Insurance board of directors president
26 May 2023
Bermuda Reporter Lucy Carter

Tawana Tannock has been appointed president of the board of directors at Hydra Insurance Company, the captive reinsurance company of the International Group of P&I Clubs

Patriot acquires The Dougherty Company
26 May 2023
US Reporter Jenna Lomax

Based in California, and founded by Gordon Dougherty in 1933, Dougherty is a full-service insurance agency focused on captive insurance, personal, business and marine solutions

Delaware Department of Insurance publishes annual performance statistics
25 May 2023
US Reporter Jenna Lomax

The Delaware Department of Insurance has published its annual performance and productivity data, indicating continued success in serving consumers throughout the state

Compre acquires workers’ compensation portfolio of SUNZ
22 May 2023
Bermuda Reporter Carmella Haswell

Approved by the Bermuda Monetary Authority, the transaction is structured as a loss portfolio transfer and has been underwritten by Compre’s class 3B Bermudian insurer, Pallas Reinsurance

AM Best affirms “good” rating of Conifer Holdings and its subsidiaries
19 May 2023
US Reporter Frances Jones

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the long-term issuer credit rating of “bbb-” (Good) of Conifer Insurance Company and White Pine Insurance, subsidiaries of Conifer Holdings

Heritage fully places CAT XOL reinsurance programme
19 May 2023
US Reporter Frances Jones

Heritage Insurance Holdings, a property and casualty insurance holding company, has fully placed its 2023-2024 indemnity-based catastrophe excess-of-loss reinsurance programme

Governor Scott signs new legislation to support captive regulation in Vermont
19 May 2023
US Reporter Frances Jones

Governor Phil Scott (pictured) has signed new legislation, Bill H.76, into law, making several updates to Vermont’s captive insurance law on 8 May

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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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