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Courtney Boles joins RMC Group captive division
07 October 2020
Florida Reporter Maria Ward-Brennan

Courtney Boles has joined RMC Group as a captive risk consultant. Boles is responsible for building relationships and soliciting new business for the captive division

ARX Insurance joins MAXIS Global Benefits Network
06 October 2020
London Reporter Maria Ward-Brennan

Ukraine based ARX Insurance has become the latest insurer to join the MAXIS Global Benefits Network

A.M. Best upgrades Vermont-based RRG rating
06 October 2020
Vermont Reporter Maria Ward-Brennan

A.M. Best has revised the outlooks to positive from stable and affirmed the financial strength rating of A- and the long-term issuer credit rating of “a-” of Community Hospital Alternative For Risk Transfer, a reciprocal risk retention group

A.M. Best removes Ocean Re from under review
06 October 2020
Barbados Reporter Maria Ward-Brennan

A.M. Best has removed Ocean International Reinsurance Company Limited, based in Barbados, from under review with developing implications and affirmed the financial strength rating of A- and the long-term issuer credit rating of “a-”

Petroleos Mexicanos captive assigned ‘good’ ratings
05 October 2020
Switzerland Reporter Maria Ward-Brennan

A.M. Best has assigned a financial strength rating of B++ and a long-term issuer credit rating of “bbb+” to Kot Insurance Company AG, based in Switzerland

Industry reacts to IRS’ latest micro captive ‘scare tactics’
05 October 2020
Washington Reporter Becky Bellamy

The IRS' statement "is a combination of past talking points that are meant to scare business owners utilising captives into exiting their captive structures, regardless of whether they are doing the right thing or not”, says Ryan Work of SIIA

IRS expands enforcement on micro captives as October filing deadline looms
02 October 2020
Washington Reporter Becky Bellamy

The IRS said taxpayers should not assume it will able to settle any transactions with the IRS or chief counsel on terms more favourable than the previously announced settlement offers

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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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