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Lockton expands Central America team with Melanie Cruz hire
08 June 2021
Puerto Rico Reporter Becky Bellamy

Based in Puerto Rico, Melanie Cruz will be responsible for overseeing Lockton’s offering within the Central American market

LMG reveals plans to develop and promote UK captives market
07 June 2021
London Reporter Becky Bellamy

LMG explains that due to this uncompetitive environment, no company has chosen to set up a captive in the UK, despite its extensive financial services ecosystem

Tennessee approves captive legislation updates to ‘fuel growing reputation’
07 June 2021
Tennessee Reporter Becky Bellamy

The legislative updates include authorising parametric insurance coverage and reducing the statutory capital needed by protected cell captive insurers to commence operations from $250,000 to $100,000, among other improvements

Kirsten Jackson joins Latham & Watkins
04 June 2021
California Reporter Maria Ward-Brennan

Kirsten Jackson has joined Latham & Watkins Los Angeles office as a partner in the litigation and trial department and as a member of the complex commercial litigation practice

Connecticut House passes crumbling foundation bill
04 June 2021
Connecticut Reporter Maria Ward-Brennan

The Connecticut House of Representatives has passed HB 6646, which is an act concerning crumbling concrete foundations

NCCIA names new board chair
04 June 2021
North Carolina Reporter Maria Ward-Brennan

The North Carolina Captive Insurance Association board has named Matt Holycross of Taft Companies as chairman for the 2021/22 term

A.M. Best affirms Quanta Services captive ratings
04 June 2021
Texas Reporter Maria Ward-Brennan

A.M. Best has assigned a financial strength rating of A- and a long-term issuer credit rating of “a-” to Quanta Insurance Company, based in Texas

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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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