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R&Q acquires interest in New York-based managing general agent
10 August 2020
Bermuda Reporter Maria Ward-Brennan

Randall & Quilter Investment Holdings has reached an agreement to merge its wholly-owned subsidiary, Sandell Re, with Tradesman Program Managers in return for a 35 percent interest in the combined entity

Landlords to look at captives for resident-driven risk
10 August 2020
Atlanta Reporter Maria Ward-Brennan

Property owners and managers should look to a captive insurance arrangement to take on resident-driven risk, according to Bobby Mayer, Director of Resident Programs, Global Real Estate Practice at Beecher Carlson

Eileen Currie to lead eMaxx’s insurance operations
07 August 2020
Massachusetts Reporter Maria Ward-Brennan

Eileen Currie has been appointed president and CEO of eMaxx’s insurance operating companies

BP’s captive ratings affirmed
06 August 2020
London Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating and the long-term issuer credit rating of Saturn Insurance Inc. and Jupiter Insurance Limited

DARAG makes first Luxembourg company acquisition
06 August 2020
Luxembourg Reporter Maria Ward-Brennan

DARAG Group has acquired Arisa Assurances, an automobile and travel insurance company based in Luxembourg

GEB UK and Bupa agree commercial partnership
05 August 2020
London Reporter Maria Ward-Brennan

Generali Employee Benefits UK and Bupa have agreed a commercial partnership initiative to drive forward wellbeing programmes designed for UK employers who are part of a multinational group

CICA settles conference cancellation insurance claim
05 August 2020
Minneapolis Reporter Maria Ward-Brennan

The Captive Insurance Companies Association has settled its event cancellation insurance claim with Tokio Marine HCC for the CICA 2020 conference, which was cancelled due to COVID-19

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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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