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UK Government calls for evidence for Solvency II review
23 October 2020
London Reporter Maria Ward-Brennan

The UK Government has started the first stage of reviewing the Solvency II regulation by calling upon the UK insurance industry for evidence

IRS reveals new stricter second settlement offer for micro captives
23 October 2020
Washington Reporter Becky Bellamy

The new time-limited settlement offers will be sent out by the IRS in the coming days with terms that are “stricter” than the first time-limited initiative that started in September last year

VCIA appoints Stephanie Mapes as new board chair
22 October 2020
Vermont Reporter Maria Ward-Brennan

The Vermont Captive Insurance Association has appointed Stephanie Mapes, director of Paul Frank + Collins, a Vermont based law firm, as the new board chair

Peak Re recruits Clarence Wong
21 October 2020
Hong Kong Reporter Maria Ward-Brennan

Peak Reinsurance Company, a global reinsurer based in Hong Kong, has appointed Clarence Wong as chief economist, effective from 16 November

A.M. Best affirms ratings of Ameriprise Financial
21 October 2020
Minnesota Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A+ and the long-term issuer credit ratings of “aa-” of RiverSource Life Insurance Company, based in Minnesota and its wholly-owned subsidiary, RiverSource Life Insurance Co. of New York

Aon launch new Alternative Distribution platform led by Graeme Rayner
20 October 2020
London Reporter Maria Ward-Brennan

Aon has launched a new platform that will match insurance underwriting expertise with capacity provision through fronting, managing general agent / managing general underwriter and captive solutions

‘Excellent’ ratings for Saudi Arabian Oil Company’s captive
20 October 2020
London Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Stellar Insurance, a subsidiary of Saudi Arabian Oil Company, based in Bermuda

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Latest issue 271
Issue archive
Inside this issue

In this issue of Captive Insurance Times, industry experts sit down with Diana Bui to assess how Solvency II modifications and other regulatory changes affect asset management strategies for captive insurers in Europe.

The innovation, creativity and agility of insurtechs make them a perfect fit for captive insurance. Mark Dugdale explores how captive owners can benefit from it.

Elsewhere, Michelle Bradley and Enoch Starnes from SIGMA Actuarial Consulting Group share with John Savage how to successfully set up and manage a captive programme.

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Interviews
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Christina Kindstedt
Advantage Insurance Management

Christina Kindstedt, president at Advantage Insurance Management, speaks to Diana Bui about the benefits of independent captive management

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Richard Bryant
Prime Insurance Company

Richard Bryant, president of underwriting at Prime Insurance Company, sits down with John Savage to discuss the company’s operations and how to succeed in the industry

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Danielle Brown
Hylant

Danielle Brown from Hylant shares with Diana Bui how her experiences in captive management and the state regulation department shaped her career trajectory

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Barry White
Artex North America

Barry White, EVP for Artex North America, sits down with John Savage to discuss the benefits of Artex’s new protected cell company (PCC) domiciled in Vermont

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Features
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Case study: True Captive Insurance

David Voorhees, CEO of True Captive Insurance, reflects on a case study where strategic management of healthcare plans saved a company US$1.5 million

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Blockchain: Is it time to embrace the hype?

There is growing speculation that the ‘second wave’ of blockchain technology has the potential to revolutionise the insurance industry, including captives. Ned Holmes examines why its predecessor failed and whether this time we can embrace the hype

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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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Domicile profiles
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Bermuda

Having formed the first modern captive in 1962, Bermuda shows no signs of slowing down as a leading domicile. Industry experts explain why Bermuda is the first choice to establish a captive

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Malta

Malta’s presence in the captive insurance market for US groups with European risks is expanding, as its insurance undertaking cells now total 79

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The Bahamas

Dana Munnings-Gray, acting superintendent of insurance at the Insurance Commission of the Bahamas, summarises recent legislative updates and their implications for the industry

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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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