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Ratings affirmed for ADM Insurance Group
26 March 2021
Vermont Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A- and the long-term issuer credit ratings of “a-” of Agrinational Insurance Company and its wholly-owned subsidiary, ADM Insurance Company

HDVI teams up with Munich Re and Spinnaker Insurance, expands into four states
25 March 2021
Illinois Reporter Maria Ward-Brennan

The High Definition Vehicle Insurance Group, the next-generation commercial auto insurance business, has formed new relationships with Munich Re Specialty Insurance and Spinnaker Insurance Company

John Talley to retire from Missouri Department of Commerce and Insurance
25 March 2021
Missouri Reporter Maria Ward-Brennan

John Talley has revealed his plans to retire from his position as captive programme manager at the Missouri Department of Commerce and Insurance on 31 March

A.M. Best: ILS and traditional reinsurance market showed resilience at Jan renewals
25 March 2021
New Jersey Reporter Becky Bellamy

The report, Insurance-Linked Securities Market Weathers Elevated Catastrophe Activity and Global Pandemic in 2020, finds that the global reinsurance capital returned to its pre-pandemic level of $485 billion at year-end 2020

Washington State captive bill is ‘poorly drafted’, says Vermont’s Rich Smith
25 March 2021
Vermont Reporter Maria Ward-Brennan

“Washington could have instituted a self-procurement tax like several other states — instead, the Office of the Insurance Commissioner chose pride over prudence,” according to Rich Smith, president of the Vermont Captive Insurance Association

GFSC pre-authorises Robus Insurance PCC captive cell
25 March 2021
Guernsey Reporter Maria Ward-Brennan

Guernsey-based protected cell company Robus Insurance PCC has had a captive cell pre-authorised for a client for their professional indemnity programme

AGCS: businesses need to review BCP due to rising political unrest
24 March 2021
UK Reporter Maria Ward-Brennan

Business continuity planning needs to proactively address political violence risks, particularly in highly-exposed sectors such as retail, according to the latest issue of Global Risk Dialogue from Allianz Global Corporate & Specialty

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Issue archive
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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