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Hodgen Mainda steps down as Tennessee’s insurance commissioner
28 October 2020
Tennessee Reporter Maria Ward-Brennan

Hodgen Mainda has stepped down as commissioner for TDCI after just one year in the role

Risk Strategies acquires LaRocca & Associates
28 October 2020
Massachusetts Reporter Maria Ward-Brennan

Risk Strategies has acquired LaRocca & Associates, a specialty brokerage with expertise in health and welfare benefits across several industries

Captives remain a priority on Washington OIC legislative agenda
27 October 2020
Washington Reporter Maria Ward-Brennan

The Washington Office of the Insurance Commissioner has revealed that captive insurance companies remain a priority after they were listed on its 2021 legislative agenda

Tracy Stopford and Kara Tencellent join NFP’s captive practice
27 October 2020
New York Reporter Maria Ward-Brennan

NFP, an insurance broker and consultant, has appointed Tracy Stopford and Kara Tencellent to its property and casualty (P&C) specialty team as managing directors

VCIA reveals 2021 conference will be in virtual format
27 October 2020
Vermont Reporter Maria Ward-Brennan

The Vermont Captive Insurance Association (VCIA) will hold its 2021 annual conference virtually “to make it accessible to all who wish to participate”, according to Rich Smith, president of the association

Hylant welcomes two new captive recruits
27 October 2020
Ohio Reporter Maria Ward-Brennan

Theresa Carpenter and Amit Hapani have joined Hylant Global Captive Solutions

Finance Isle of Man names Sue Preskey as new non-executive chair
26 October 2020
Isle of Man Reporter Maria Ward-Brennan

Finance Isle of Man, an executive agency within the department for enterprise, has appointed Sue Preskey as non-executive chair to its board

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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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