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Compre completes loss portfolio transfer with SiriusPoint
08 November 2021
Bermuda Reporter Rebecca Delaney

Compre has completed its acquisition of a US$417 million legacy liability portfolio from global reinsurer SiriusPoint

A.M. Best affirms ratings of Saudi Arabian Oil Company captive
05 November 2021
Bermuda Reporter Rebecca Delaney

A.M. Best has affirmed the financial strength rating of “A” (Excellent) and the long-term issuer credit rating of “a” (Excellent) of Stellar Insurance (Bermuda), a single-parent captive of Saudi Arabian Oil Company

Irish captives exempt from proposed service provider guidance
03 November 2021
Ireland Reporter Rebecca Delaney

Captive insurance and reinsurance management companies are specifically excluded from new guidance by the Central Bank of Ireland on the use of service companies for staffing purposes in the insurance sector

Compre adds group chief risk officer to Bermuda office
03 November 2021
Bermuda Reporter Rebecca Delaney

International specialist legacy group Compre has appointed Brid Reynolds as group chief risk officer, effective immediately

Global Captive Management names assistant vice presidents
03 November 2021
Cayman Islands Reporter Rebecca Delaney

Global Captive Management has named both Mark Aylward and Andrew MacKay as assistant vice president

Washington holds advisory vote on captive premium tax
02 November 2021
Washington Reporter Rebecca Delaney

Washington voters have voted in a ballot measure to repeal a 2 per cent premium tax on captive insurers in the state, which was passed under Senate Bill 5315

Captive Resources hires captive executive
01 November 2021
US Reporter Rebecca Delaney

Captive Resources has appointed Wyatt Steele as vice president, captive executive

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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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Andrew Gray and Matt Newman
Apollo

Apollo’s Andrew Gray and Matt Newman talk to John Savage about the launch of the “first captive syndicate of the modern era” managed by the company at Lloyd’s market

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Jack Foley
AssuredPartners

Jack Foley of AssuredPartners speaks to Diana Bui about his experiences and aspirations to progress in his career in the captive insurance industry

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Patrick Johnston
3F Captive Services

Patrick Johnston, co-founder of 3F Captive Services, explains the benefits of captive insurance in managing risks for agricultural businesses

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Kevin Mead
VCIA

Kevin Mead, president of the VCIA, discusses the association’s 39th conference highlights, and the innovative ways it has adapted to address current industry challenges in an exclusive interview with Diana Bui

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Features
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Bridging the talent gap in captives

Facing a critical talent shortage, Hylant and Butler University have joined forces in a partnership to shape the future of the insurance workforce, promising fresh solutions for an industry in need

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Re-rating the outlook on rates, bonds, and equities

Jack Meskunas, executive director of investments at Oppenheimer, shares his views on how captive insurers can manage their assets and investments effectively

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Navigating captive regulations across US states: Part 2

Continuing the discussion about captive legislation in US states, in the second of two articles on the topic, Diana Bui speaks to regulators from Missouri, Delaware and Oklahoma about their strategies to stay competitive and adapt to industry changes

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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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