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Guernsey adopts OECD’s global minimum tax rate for 2025
04 December 2024
Guernsey Reporter Diana Bui

Guernsey has enacted legislation to implement the OECD's global minimum tax rate of 15 per cent, known as Pillar 2, starting from 1 January 2025

Everest launches insurance business in Italy
04 December 2024
Italy Reporter Diana Bui

The new unit will be led by José Ramón Morales, head of Southern Europe, Everest Insurance International

AM Best assigns ‘Excellent’ ratings to National Grid’s captive
04 December 2024
US Reporter Diana Bui

AM Best has assigned a financial strength rating of ‘A-’ (Excellent) and a long-term issuer credit rating of ‘a-’ (Excellent) to National Grid Insurance USA

ASR Middle East starts operation as Lloyd’s service company
03 December 2024
UAE Reporter Diana Bui

Africa Specialty Risks (ASR) Middle East has commenced underwriting business in Dubai on behalf of ASR Syndicate 2454, the first African-focused syndicate at Lloyd’s

Aon names Corona as CEO of Enterprise Clients and Global CCO
03 December 2024
Singapore Reporter Diana Bui

Anne Corona will work with Aon's enterprise client group leaders and regional chief commercial officers as the firm continues to evolve its client leadership strategy

Cayman Captive Forum 2024 expects record-breaking attendance
02 December 2024
Cayman Islands Reporter Diana Bui

The Cayman Captive Forum 2024 will take place from 3-5 December at The Ritz-Carlton in Grand Cayman

Manulife enters CA$5.4bn reinsurance agreement with RGA
02 December 2024
Canada Reporter Diana Bui

Manulife Financial Corporation has entered into a CA$5.4 billion (US$3.85 billion) reinsurance agreement with Reinsurance Group of America (RGA)

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Latest issue 278
Issue archive
Inside this issue

In this issue of Captive Insurance Times, Karl Loomes sits down with Jason Stevenson, director at ALT/r Consulting, to discuss the role of an independent consultancy and how to advise clients interested in captives.

As digital assets gain traction, the Bermuda Monetary Authority has adapted its regulatory framework, creating new opportunities for captive insurers in this evolving space.

Elsewhere, Diana Bui talks to Diana Hardy and Bailey Roese, co-chairs of CICA’s NEXTGen initiative, about strategies for attracting more young talent to the captive insurance industry.

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Interviews
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John Michael Alexander and Ryan Basnett
South Carolina Department of Insurance

John Michael Alexander and Ryan Basnett from the South Carolina Department of Insurance explain the competitive advantages for small and medium-sized businesses when choosing South Carolina as the domicile to establish their captives

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Fenhua Liu
Connecticut Insurance Department

Connecticut Insurance Department’s Fenhua Liu talks about the upcoming CT Captive Insurance Forum and the plans to accelerate the captive growth in the State

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Waqqas Asghar
RH CPAs

Waqqas Asghar, audit director at RH CPAs, speaks to John Savage about harnessing captives to optimise financial benefits during mergers and acquisitions and initial public offerings

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Jacqueline Quintal
Marsh

Jacqueline Quintal, managing director in Financial Institutions Group at Marsh, sheds light on the use of digital assets in the captive insurance space

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Features
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Mastering risks through captive insurance

Tibor Boettcher, CEO and executive director of Volkswagen Insurance Company, shares with Diana Bui how the captive plays a crucial role in the automotive giant’s risk management strategy

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No fate but what captives make

The rise of AI has been swift, but must captive insurance accept the technology as an inevitability and adapt, or resist?

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Partnerships shaping Connecticut’s captives

Leaders from key organisations share insights on regulatory support, economic impact, and the evolving role of InsurTech in the captive market

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Domicile profiles
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Barbados

Carmel L. Haynes, executive director at Barbados International Business Association, highlights the significance of the upcoming Barbados Risk & Insurance Management 2025 Conference in fostering innovative solutions and global collaboration in the industry

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Europe

Experts from AM Best delve into transformative trends in European captive insurance market, outlined in their latest report ‘New Domiciles Are Changing the Landscape for the European Captive Insurance Segment’

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Hong Kong

The success of Hong Kong’s current cohort of captives is spurring the jurisdiction’s leaders and regulators into action in a bid to encourage local and Chinese companies to follow suit

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Delaware

Delaware’s rise as a key player in captive space is no accident, with its robust regulatory framework, strategic location, and commitment to responsive service making it a top choice for businesses

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