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CICA reveals essay contest finalist teams
25 February 2021
Minneapolis Reporter Becky Bellamy

The Captive Insurance Companies Association has named the three finalist teams in its essay contest for college risk management and insurance students, which is sponsored by Strategic Risk Solutions

Connecticut licenses six captives in 2020
25 February 2020
Connecticut Reporter Becky Bellamy

Commissioner Mais says the growth is due to the captive division’s outreach initiative to expand Connecticut’s presence and reputation as a domestic captive domicile

Aon expands reinsurance team with two new hires
25 February 2021
UK Reporter Maria Ward-Brennan

Aon has appointed Marcus Foley to the Bermuda operations of reinsurance solutions and named Tim Radford to its London Capital Advisory team within reinsurance solutions

Guernsey expects a busy captive market in 2021 after significant increase in interest
25 February 2021
Guernsey Reporter Maria Ward-Brennan

Speaking on We Are Guernsey’s Captive Briefing Webinar, Mark Rogers notes that people have found that the capacity within the market has caused issues with them placing their insurance

BIMA appoints Grainne Richmond as president
24 February 2021
Bermuda Reporter Maria Ward-Brennan

The Bermuda Insurance Managers Association, a non-profit organisation which is led by Bermuda-resident insurance managers, has appointed Grainne Richmond as president

Barbados launches its first virtual captive conference
24 February 2021
Barbados Reporter Maria Ward-Brennan

The Barbados International Business Association will host Barbados Risk and Insurance Management, its first virtual conference, which is set to be held on 24 to 25 March

Pinnacle Actuarial Resources promotes Laura Maxwell and Jordan Paszek
24 February 2021
Illinois Reporter Maria Ward-Brennan

Pinnacle Actuarial Resources has promoted Laura Maxwell to director and consulting actuary and Jordan Paszek to consulting actuary

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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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