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CWC expands to Malta with new consultant appointment
21 September 2020
Malta Reporter Maria Ward-Brennan

James Portelli is set to join Cutts-Watson Consulting as a consultant, based in Malta

Captive use on the rise amid challenging and uncertain market conditions
18 September 2020
New York Reporter Becky Bellamy

The report highlighted the trend of increased captive use continuing in the first half of 2020 amid an increase in challenging insurance market conditions and the impact of the global COVID-19 pandemic

Cosco Shipping captive has ‘excellent’ ratings affirmed
18 September 2020
Hong Kong Reporter Becky Bellamy

A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Cosco Shipping Captive Insurance Company, located in China

A.M. Best affirms credit ratings of Fortegra Financial Corporation’s insurance subsidiaries
17 September 2020
New Jersey Reporter Becky Bellamy

A.M. Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit ratings of “a-” of the US-based operating subsidiaries of Fortegra Financial Corporation

Connecticut names new captive insurance division director
15 September 2020
Hatford Reporter Becky Bellamy

The Connecticut Insurance Department commissioner Andrew Mais has appointed Fenhua Liu as the new director of the department’s captive insurance division

DARAG completes transfer of reinsurance business with Maltese reinsurer
15 September 2020
Malta Reporter Becky Bellamy

DARAG has concluded the transfer of reinsurance business with Axeria Re, a Maltese reinsurer

SRS acquires Dyna Management
14 September 2020
Massachusetts Reporter Becky Bellamy

The deal, which is expected to close at the end of September, will see all staff of Dyna will remain at the firm.

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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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