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Fitch: LA wildfire unlikely to impact P&C insurance ratings
14 January 2025
US Reporter Diana Bui

The ongoing wildfires in the Los Angeles area are expected to generate insured losses surpassing historical highs but are unlikely to affect the ratings of property and casualty (P&C) (re)insurers

WTW introduces cyber facility for Hong Kong and Singapore businesses
14 January 2025
Hong Kong, Singapore Reporter Diana Bui

The facility, underwritten by QBE Insurance Group and AXA XL, offers an insurance capacity of up to US$15 million

CIRCA announces new leadership team for 2025
13 January 2025
Cayman Islands Reporter Diana Bui

Greg Mitchell of Aureum Re will serve as chair, with Faramarz Romer of Greenlight Re as vice chair

Arch Insurance EU promoted Smith to CEO
13 January 2025
Ireland Reporter Diana Bui

Duncan Smith will lead the executive management team of Arch and deliver on the company’s growth plans for continental Europe through its expanding network of branch offices.

AM Best affirms ‘Excellent’ credit ratings of Stellar Insurance
10 January 2025
Bermuda Reporter Diana Bui

AM Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a+’ (Excellent) of Stellar Insurance, a single-parent captive of the Saudi Arabian Oil Company

CICA announces former UFC fighter as keynote speaker for 2025 conference
10 January 2025
US Reporter Diana Bui

The Captive Insurance Companies Association (CICA) has revealed that Justin Wren, founder and CEO of Fight For The Forgotten, will deliver the keynote address at its 2025 international conference

GuideFire debuts as captive advisory firm
10 January 2025
US Reporter Diana Bui

Industry veteran Jesse Olsen has launched GuideFire, a captive advisory firm based in Kansas City, Missouri

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Issue archive
Inside this issue

In this issue of Captive Insurance Times, Diana Bui sits down with industry experts to examine the momentum behind the surge in captives in France.

Gavin Souter, editor at Business Insurance, reveals what to expect in the 2025 World Captive Forum, scheduled for 5-7 February 2025, in Orlando, Florida.

Elsewhere, Diana Bui explores how captives can improve healthcare coverage by managing high-cost claims, increasing policy flexibility, and promoting health equity within organisations.

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Interviews
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Laurent Nihoul
Federation of European Risk Management Associations

Laurent Nihoul, board member and chair of the captive committee at the Federation of European Risk Management Associations (FERMA), discusses the impact of regulatory concessions under Solvency II for captives, classified as ‘small and non-complex undertakings’

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Enoch Starnes
SIGMA

SIGMA’s Enoch Starnes shares his journey in actuarial consulting and highlights the dynamic opportunities of working in the captive insurance industry

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Victor Gallardo
Helio Risk

Victor Gallardo talks to Diana Bui about his career move from the Oklahoma Insurance Department to Helio Risk and his future progression

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Jason Bishara
NSI Insurance Group

Jason Bishara, financial practice leader at NSI Insurance Group, sits down with Diana Bui to discuss the unique insurance challenges faced by micro and small-cap firms

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Features
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Time to look in the mirror

Global Captive Management’s James Trundle reflects on board self-assessments in Cayman captives

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When the tide is high

In the first of two articles on captive health insurance in the US, Diana Bui investigates how this alternative risk management could help employers mitigate the rising healthcare costs without compromising employees' well-being

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Is the time right?

As the UK government opens the door to a consultation on a UK captive insurance regime, industry experts ponder whether the nation is ready to embrace the opportunity to diversify its risk management landscape

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Domicile profiles
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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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United Arab Emirates

With the UAE’s two financial-free zones stepping up their game, more local and regional businesses may be looking closer to home to meet their captive insurance needs

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United Kingdom

Michael Whitfield, head of UK relationships at Atlas Insurance, talks to John Savage about the rising opportunities for protected cell company in the UK market

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