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Pool Re completes £2.5bn terrorism retrocession placement
25 February 2021
UK Reporter Maria Ward-Brennan

Pool Re, Britain’s leading terrorism reinsurer, has completed a three-year £2.47 billion retrocession programme with 56 international reinsurers

A.M. Best affirms Wakefield Insurance Company ratings
25 February 2021
Tennessee Reporter Maria Ward-Brennan

A.M. Best has assigned a financial strength rating of A- (Excellent) and long-term issuer credit rating of “a-” to Wakefield Insurance Company, based in Nashville, Tennessee

CICA reveals essay contest finalist teams
25 February 2021
Minneapolis Reporter Becky Bellamy

The Captive Insurance Companies Association has named the three finalist teams in its essay contest for college risk management and insurance students, which is sponsored by Strategic Risk Solutions

Connecticut licenses six captives in 2020
25 February 2020
Connecticut Reporter Becky Bellamy

Commissioner Mais says the growth is due to the captive division’s outreach initiative to expand Connecticut’s presence and reputation as a domestic captive domicile

Aon expands reinsurance team with two new hires
25 February 2021
UK Reporter Maria Ward-Brennan

Aon has appointed Marcus Foley to the Bermuda operations of reinsurance solutions and named Tim Radford to its London Capital Advisory team within reinsurance solutions

Guernsey expects a busy captive market in 2021 after significant increase in interest
25 February 2021
Guernsey Reporter Maria Ward-Brennan

Speaking on We Are Guernsey’s Captive Briefing Webinar, Mark Rogers notes that people have found that the capacity within the market has caused issues with them placing their insurance

BIMA appoints Grainne Richmond as president
24 February 2021
Bermuda Reporter Maria Ward-Brennan

The Bermuda Insurance Managers Association, a non-profit organisation which is led by Bermuda-resident insurance managers, has appointed Grainne Richmond as president

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Latest issue 270
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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