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Aon appoints Reese as the next CFO
04 June 2024
UK Reporter Isabel Gonzalez

He will succeed former CFO Christa Davies, who will become an advisor to the firm until her retirement in 2025

Arch Insurance International appoints Motwani as UK Chief Operating Officer
04 June 2024
UK Reporter Diana Bui

He joins Arch from Aon UK, where he was COO for Commercial Risk, with responsibilities spanning transformation, service delivery, operations, and digital platforms

AXA XL reorganises insurance operation in the Americas
04 June 2024
US Reporter Diana Bui

This move aims to serve the multiline insurance needs of AXA XL’s largest clients in the US, Bermuda, and Canada.

VCIA announces keynote speaker Jim Carroll
03 June 2024
US Reporter Diana Bui

The Vermont Captive Insurance Association (VCIA) has announced futurist Jim Carroll as one of the keynote speakers for its 39th annual conference, scheduled for 12-14 August at the DoubleTree by Hilton in Burlington, Vermont.

RiverStone International completes acquisition of GE captive
03 June 2024
UK Reporter Isabel Gonzalez

RiverStone International has completed the acquisition of Electric Insurance Company (EIC) from General Electric (GE), as well as its two subsidiaries, Elm Insurance Company and Electric Insurance Agency.

Symms named Group Head of Capital Solutions at White Bear MGA
03 June 2024
UK Reporter Isabel Gonzalez

He joins White Bear Group from Fidelis, and is responsible for sourcing and developing (re)insurance support for the company, as well coordinating reinsurance at Blenheim Underwriting.

AM Best affirms credit ratings of Prism Assurance
03 June 2024
US Reporter Diana Bui

AM Best has affirmed the financial strength rating of ‘A-’ (Excellent) and the long-term issuer credit ratings of ‘a-’ (Excellent) of Prism Assurance, single-parent captives of Apogee.

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Latest issue 273
Issue archive
Inside this issue

In this issue of Captive Insurance Times, Würk CEO Deborah Saneman unveils new captive offerings to help the legal cannabis industry in the US secure employee benefits.

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.

Elsewhere, 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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Interviews
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Nate Reznicek
Captives.Insure

Nate Reznicek, president and principal consultant at Captives.Insure, discusses how the firm's independent approach to captive consulting and underwriting benefits brokers and captive managers

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Jen Lee
QBE North America

With rising demand for organ transplants straining the budgets of self-funded health plans, Jen Lee, vice president at QBE North America, speaks with Diana Bui about how the company’s specialised coverage and stop-loss integration offer a comprehensive solution while ensuring high-quality patient care

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Clint Casabella
Grid151

Clint Casabella, senior vice president for strategy and business development at Grid151, highlights the potential for title reinsurance solutions to address gaps left by traditional title insurers in the captive insurance market

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TJ Strickland
Strickland Hardee

TJ Strickland, managing partner at Strickland Hardee, explains the federal tax implications for captives in the US and how to reduce the risk of IRS scrutiny

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Features
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Expanding footprint in Asia

The Cayman Islands opened its Asia office in Singapore in June this year in an attempt to bolster its offering in the region. Ned Holmes drills into the motivation behind their latest expansion and what it says about the Asian captives market

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Reshaping asset strategies under Solvency II

Diana Bui sits down with industry experts to assess how Solvency II modifications and other regulatory changes affect asset management strategies for captive insurers in Europe

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Insurtech’s well-laid plan

The innovation, creativity and agility of insurtechs make them a perfect fit for captive insurance when the time is right

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Domicile profiles
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Europe

Europe, home to many of the world’s leading financial centres, has yet to fully capitalise on its potential in the captive insurance market. Experts explore strategies to unlock the continent's untapped potential for growth in captive

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Michigan

Michigan’s captive premium volume grew beyond US$3 billion in 2023 as it continued to establish itself in a competitive US market. Ned Holmes investigates how the domicile has made up for lost time

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The Cayman Islands

The Cayman Islands is emerging as a leading hub for insurance-linked securities and collateralised reinsurance, attracting diverse industry players with innovative licensing and rapid regulatory processes

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The Bahamas

Dana Munnings-Gray, acting superintendent of insurance at the Insurance Commission of The Bahamas, outlines how to harness captive insurance to enhance wealth management and risk mitigation

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