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A.M. Best affirms captive of BNP Paribas subsidiary
13 July 2021
Ireland 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 Greenval Insurance Company DAC (Ireland)

EU approves Aon-WTW acquisition on divestment conditions
12 July 2021
Belgium Reporter Rebecca Delaney

The European Commission has conditionally approved Aon’s acquisition of Willis Towers Watson under the EU Merger Regulation

Connecticut governor signs CFSIC into a permanent entity
12 July 2021
Connecticut Reporter Rebecca Delaney

Connecticut governor Ned Lamont has signed HB 6646, an act concerning crumbling concrete foundations

BMS Re acquires alternative risk reinsurance broker Trean
09 July 2021
London Reporter Rebecca Delaney

BMS Re has fully acquired independent reinsurance broker Trean Intermediaries, with all staff and infrastructure transferring over to the insurance and reinsurance broker

RH CPAs bolsters audit teams
09 July 2021
North Carolina Reporter Rebecca Delaney

RH CPAs has made two new appointments to its Greensboro office

Guy Carpenter adds to MGA business unit
09 July 2021
Texas Reporter Rebecca Delaney

Guy Carpenter has appointed Matt Petka and Riley Underwood as managing director and senior vice president respectively to its GC Access business unit

Robus makes hires in support staff team
09 July 2021
Gibraltar Reporter Rebecca Delaney

Robus Group has appointed four new employees to its offices in Gibraltar and Guernsey to service and support the insurance management firm’s newly acquired clients

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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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