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AM Best assigns credit ratings to Cincinnati Equitable Insurance
18 July 2024
US Reporter Diana Bui

AM Best has assigned a financial strength rating of ‘A-’ (Excellent) and a long-term issuer credit rating of ‘a-’ (Excellent) to Cincinnati Equitable Insurance

SiriusPoint and Service First Insurance partner on property owners programme
18 July 2024
Ireland Reporter Diana Bui

The initiative will enable MGA Service First Insurance to underwrite commercial property risks of up to €10 million

Connecticut enacts new captive legislation
17 July 2024
US Reporter Diana Bui

The legislation, which will take effect on 1 October, aims to create a more business-friendly regulatory environment that encourages innovation and growth in the sector

WTW appoints new leadership for Private Equity and Transaction Solutions
17 July 2024
US Reporter Diana Bui

WTW has named Aartie Manansingh as head, and Jorgen Andersson and Peter Galla as deputy heads of Private Equity and Transaction Solutions within Corporate Risk and Broking, North America

Chubb appoints Kelaher to lead Europe, Middle East and North Africa division
17 July 2024
France Reporter Diana Bui

Peter Kelaher currently serves as country president of Australia and New Zealand. In his new role, Kelaher will have executive operating responsibility for 24 countries in the region

AM Best revises outlook to ‘positive’ for A.I.M. Mutual Insurance Companies
17 July 2024
US Reporter Diana Bui

The group's operational performance drives the positive outlook, as strong underwriting results and investment income contribute to continuous surplus growth

Fortitude Re welcomes Hager as Chief Financial Officer
16 July 2024
Bermuda Reporter Diana Bui

Fortitude Re has named Greta Hager as chief financial officer, succeeding Kai Talarek, who will transition to the newly created role of chief growth and optimisation officer

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Latest issue 273
Issue archive
Inside this issue

In this issue of Captive Insurance Times, Würk CEO Deborah Saneman unveils new captive offerings to help the legal cannabis industry in the US secure employee benefits.

With the UAE’s two financial-free zones stepping up their game, more local and regional businesses may be looking closer to home to meet their captive insurance needs.

Elsewhere, Michael Whitfield, head of UK relationships at Atlas Insurance, talks to John Savage about the rising opportunities for protected cell company in the UK market.

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Interviews
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Nate Reznicek
Captives.Insure

Nate Reznicek, president and principal consultant at Captives.Insure, discusses how the firm's independent approach to captive consulting and underwriting benefits brokers and captive managers

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Jen Lee
QBE North America

With rising demand for organ transplants straining the budgets of self-funded health plans, Jen Lee, vice president at QBE North America, speaks with Diana Bui about how the company’s specialised coverage and stop-loss integration offer a comprehensive solution while ensuring high-quality patient care

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Clint Casabella
Grid151

Clint Casabella, senior vice president for strategy and business development at Grid151, highlights the potential for title reinsurance solutions to address gaps left by traditional title insurers in the captive insurance market

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TJ Strickland
Strickland Hardee

TJ Strickland, managing partner at Strickland Hardee, explains the federal tax implications for captives in the US and how to reduce the risk of IRS scrutiny

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Features
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Expanding footprint in Asia

The Cayman Islands opened its Asia office in Singapore in June this year in an attempt to bolster its offering in the region. Ned Holmes drills into the motivation behind their latest expansion and what it says about the Asian captives market

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Reshaping asset strategies under Solvency II

Diana Bui sits down with industry experts to assess how Solvency II modifications and other regulatory changes affect asset management strategies for captive insurers in Europe

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Insurtech’s well-laid plan

The innovation, creativity and agility of insurtechs make them a perfect fit for captive insurance when the time is right

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Domicile profiles
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Europe

Europe, home to many of the world’s leading financial centres, has yet to fully capitalise on its potential in the captive insurance market. Experts explore strategies to unlock the continent's untapped potential for growth in captive

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Michigan

Michigan’s captive premium volume grew beyond US$3 billion in 2023 as it continued to establish itself in a competitive US market. Ned Holmes investigates how the domicile has made up for lost time

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The Cayman Islands

The Cayman Islands is emerging as a leading hub for insurance-linked securities and collateralised reinsurance, attracting diverse industry players with innovative licensing and rapid regulatory processes

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The Bahamas

Dana Munnings-Gray, acting superintendent of insurance at the Insurance Commission of The Bahamas, outlines how to harness captive insurance to enhance wealth management and risk mitigation

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