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A.M. Best affirms captives of Phillips 66
04 December 2020
Texas Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit ratings of “a” of Spirit Insurance Company, based in Vermont, and Radius Insurance Company, based in the Cayman Islands

National Cannabis Risk Management Association launches first of several new insurance products
04 December 2020
US Reporter Maria Ward-Brennan

The National Cannabis Risk Management Association (NCRMA) has launched the first of several insurance products designed to normalise insurance availability and coverage all along with the cannabis vertical

ESG is rising up the agenda of European captive owners, says A.M. Best
04 December 2020
UK Reporter Becky Bellamy

There has been a rise in the number of captives owners that have integrated ESG factors in their operations, influencing areas such as corporate governance and investments

Dimitris Papachristou appointed Gibraltar CEO at Qatar Re
03 December 2020
Gibraltar Reporter Maria Ward-Brennan

Qatar Reinsurance Company, the global multi-line reinsurer and a subsidiary of QIC Global, has named Dimitris Papachristou as CEO of its Gibraltar companies

CICA set to go ahead with in-person conference next year, but continues to evaluate situation
03 December 2020
Arizona Reporter Maria Ward-Brennan

The CICA president explained that although plans are in place, CICA has postponed the registration process as it continues to evaluate the ability to safely host the annual conference in March

Oklahoma insurance commissioner says IBT law will bring ‘tremendous opportunities’
03 December 2020
Oklahoma Reporter Maria Ward-Brennan

Oklahoma insurance commissioner Glen Mulready has said the state’s insurance business transfer law will bring “tremendous opportunities” after approving its second IBT plan

Cinven and BCI acquire Compre
03 December 2020
UK Reporter Maria Ward-Brennan

Cinven, an international private equity firm, and British Columbia Investment Management Corporation have agreed to acquire legacy specialist Compre from existing shareholders CBPE Capital, Hudson Structured Capital Management and Compre’s management

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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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