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UK grants Solvency II equivalence to EEA states
11 November 2020
UK Reporter Maria Ward-Brennan

The UK Government has revealed that the UK has granted Solvency II equivalence to the European Economic Area states, including the member states of the European Union

Gary Hall takes on new role at Citadel Risk’s AMIC
11 November 2020
Bermuda Reporter Becky Bellamy

American Millennium Insurance Company, which was acquired by Citadel in October 2011, will be restructured into three business divisions

US Treasury proposes rule changes to TRIP, including participation of captives
11 November 2020
Washington DC Reporter Maria Ward-Brennan

The US Department of the Treasury has issued proposed rules to implement technical changes, including the participation of captives, to the TRIP required by the TRIPRA of 2019

Civen and GIC acquire insurance broker Miller
11 November 2020
UK Reporter Becky Bellamy

The transaction, which is expected to complete Q1 2021, represents the first investment from Cinven’s new financial services sector-focused strategy, which will be looking at similar long-term opportunities across Europe

ABTA’s new bonding scheme to ‘protect captive’, says Chris Photi
11 November 2020
UK Reporter Maria Ward-Brennan

John de Vial, director of membership and financial services at ABTA, explained that it’s not ABTA’s approach that has changed, it is the exposure represented by the trader

ProSight onboards four captives since January launch
11 November 2020
New Jersey Reporter Maria Ward-Brennan

ProSight Global, a property and casualty insurance company, has written more than $19 million in its captive solutions since launching at the start of this year

Quaker reveals Q3 financial results
10 November 2020
Pennsylvania Reporter Maria Ward-Brennan

Although equity in net income of associated companies increased in the first nine months of 2020 compared to last year, it was partially offset by lower earnings as compared to the prior year period from the firm's interest in a captive

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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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