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A.M. Best affirms ratings of Ameriprise Financial
21 October 2020
Minnesota Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A+ and the long-term issuer credit ratings of “aa-” of RiverSource Life Insurance Company, based in Minnesota and its wholly-owned subsidiary, RiverSource Life Insurance Co. of New York

Aon launch new Alternative Distribution platform led by Graeme Rayner
20 October 2020
London Reporter Maria Ward-Brennan

Aon has launched a new platform that will match insurance underwriting expertise with capacity provision through fronting, managing general agent / managing general underwriter and captive solutions

‘Excellent’ ratings for Saudi Arabian Oil Company’s captive
20 October 2020
London Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit rating of “a” of Stellar Insurance, a subsidiary of Saudi Arabian Oil Company, based in Bermuda

Ratings affirmed for Marubeni Corporation’s captive
20 October 2020
Hong Kong Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A- and the long-term issuer credit rating of “a-” of Marble Reinsurance Corporation, which is based in Micronesia

LMG provides update on new trading opportunities to drive growth
19 October 2020
London Reporter Maria Ward-Brennan

Sean McGovern, sponsor of the Government workstream, revealed that work is being done with campaigns to promote market innovations and ensure that the Government positions the London Market as an attractive market for foreign investment

A.M. Best affirms ratings of Vitol Holding’s captive reinsurer
19 October 2020
London Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating and the long-term issuer credit rating of Rembrandt Insurance Company, a Bermuda-based captive reinsurer of Vitol Holding B.V.

Oklahoma completes first IBT in US
16 October 2020
Oklahoma Reporter Maria Ward-Brennan

The District Court of Oklahoma County has approved the Providence Washington Insurance Company to complete its insurance business transfer plan

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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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