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Paramount Insurance has ratings affirmed
03 December 2020
Hawaii Reporter Maria Ward-Brennan

A.M. Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a” to Paramount Insurance, Inc. (Paramount), based in Honolulu, Hawaii

Pamela Cote joins KeyState Captive Management
03 December 2020
Vermont Reporter Becky Bellamy

Cote joins with over 25 years of public accounting experience with a specific focus on the captive insurance companies

IRS counsel faces tough questions from Supreme Court in CIC Services case
02 December 2020
Washington DC Reporter Maria Ward-Brennan

The Counsel of the Internal Revenue Service (IRS) faced tough questions at the oral arguments in front of the Supreme Court Justices in its case against CIC Services over Notice 2016-66.

European risk managers’ made ‘important contributions’ to response and resilience during pandemic
02 December 2020
Belgium Reporter Maria Ward-Brennan

Risk managers have made important contributions to the resilience of their organisations during the ongoing pandemic, according to a COVID-19 report by the Federation of European Risk Management Associations

A.M. Best affirms ratings of Saipem’s captive reinsurer
02 December 2020
UK Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of Sigurd Rück (Sigurd), based in Switzerland.

Geo completes Robus acquisition
02 December 2020
London Reporter Becky Bellamy

Robus will continue to operate independently under the leadership of CEO Richard Le Tocq as part of the Geo Specialty Group Holdings entity

Regulators see rise in captives writing cyber, says Grant Maxwell of AGCS
01 December 2020
Germany Reporter Maria Ward-Brennan

In response to the hardening market, existing captive owners are looking to increase the use of their captives to include additional risks while others are exploring setting up new captives, according to Grant Maxwell of AGCS

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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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