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Grainne Richmond joins Aon Bermuda
07 September 2022
Bermuda Reporter Lucy Carter

Aon has appointed Grainne Richmond as executive vice president and head of captives for its Bermuda office

Risk Strategies appoints Steve Trimarchi
07 September 2022
US Reporter Jenna Lomax

Trimarchi will be responsible for developing sales culture, managing developing producers, driving growth strategies, and recruiting new producers in the New England region

Cowbell appoints duo to leadership team
06 September 2022
US Reporter Lucy Carter

Cyber insurance provider Cowbell has appointed Matthew Jones and Sean Park to its leadership team

Nick Gillett joins BMS as CEO
06 September 2022
UK Reporter Lucy Carter

Gillett will report to Nick Cook, CEO of BMS group, and will be joined by Peregrine Towneley, chairman of international operations, and David Battman, managing director

Megan Shao joins Canopius Insurance Group
05 September 2022
UK Reporter Lucy Carter

Canopius Group has appointed Megan Shao as head of claims in its Asia Pacific division, effective immediately

AM Best affirms positive INPEX credit ratings
05 September 2022
Hong Kong Reporter Klea Neza

AM Best has awarded a financial strength rating of A- (excellent) to INPEX insurance Ltd (ILL) (Bermuda), in addition to a long-term issuer credit rating of “a–”.

Roundstone distributes savings back to captive participants
02 September 2022
US Reporter Lucy Carter

Health insurance provider Roundstone has distributed US$10.5 million pro rata cash distribution in July, a figure representing ten per cent of total premiums in the captive pool

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Inside this issue

In this issue of Captive Insurance Times, industry experts sit down with Diana Bui to discuss why Bermuda is a top choice to establish a captive.

Christina Kindstedt, president at Advantage Insurance Management, speaks to Diana Bui about the benefits of independent captive management.

Elsewhere, Barry White, EVP for Artex North America, sits down with John Savage to discuss the benefits of Artex’s new PCC domiciled in Vermont.

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Interviews
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Zlata Cavka
Advantage Insurance Management

Zlata Cavka, an account administrator working with captive companies in Vermont, speaks with Diana Bui about captive management and emerging opportunities in the industry

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Timothy Marlin
Marsh

Timothy Marlin, senior vice president in Cyber Practice for US and Canada at Marsh, talks about the structure and operating model of Edgware Re group captive

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Jeb Dunkelberger
ClearPoint Health

Jeb Dunkelberger, founder and CEO of ClearPoint Health, talks about the company’s new initiative focusing on the ‘full spectrum’ of alternative risk solutions for health insurance

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Dr Dirk Höring
HDI Global

Dr Dirk Höring, member of HDI Global’s executive board for property, engineering and marine insurance, and risk consulting, explains about the new climate risk reporting (CRR) service and its benefits for captives

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Features
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Navigating captive regulations across US states

In the first of two articles on captive legislation in US states, Diana Bui talks to regulators from Vermont, Utah and North Carolina about their strategies to stay competitive and adapt to industry changes

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Upskilling in the captive industry

J.J. DeBrosse, Tom Faulconer and William Gulley from Butler University’s Lacy School of Business, talk about different programmes for professionals working in risk and insurance industry

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Investment income and payment efficiencies

Andy Roderique, assistant vice president at IPFSDirect, and Greg Cobb, director of Insurance Solutions at Sage Advisory Services, discuss how effective investment and payment strategies contribute to captive growth

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Domicile profiles
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Asia Pacific

Henry Brandts-Giesen and Jackson Tu’inukuafe of Dentons talk about key domiciles for captive insurance in Asia Pacific

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South Carolina

As South Carolina continues to grow as a captive domicile, the benefits of its stable captive regime have come to bear. Challenges persist in the industry as a whole, however, continued growth will require reflection on how best to handle them

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North Carolina

Ten years after the inception of its captive insurance law, North Carolina is flourishing, having hit a significant milestone in licences, and having become the third largest domicile in the US. Ned Holmes examines what the Old North State is doing right

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Alberta

Patrick Ferguson, senior vice president at Marsh Captive Solutions, dissects the key factors that make the Canadian province Alberta a viable option for market participants, and considers how the domicile needs to develop to invite further offshore and onshore participation

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