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Risk management firm CyberSaint raises US $21 million
21 March 2024
US Reporter Diana Bui

The new investment, which increases CyberSaint's total funding to US $30 million, enables the business to accelerate market expansion and enhance its CyberStrong platform powered by artificial intelligence (AI) technology.

Hansen Actuarial welcomes Gatsch as director and actuary
21 March 2024
US Reporter Diana Bui

Gatsch has been actively engaged in actuarial consulting for more than 26 years, specialising in reserving and funding for insurance companies, captives, self-insured groups and government entities.

KPMG Bermuda appoints Payne as tax partner
21 March 2024
US Reporter Diana Bui

With more than 30 years of experience in US taxation, Payne has collaborated with clients and colleagues, providing tax consulting and compliance services across various industries.

AM Best: US life and health insurance rating upgrades outpace downgrades in 2023
20 March 2024
US Reporter Diana Bui

AM Best's analysis highlights that balance sheet strength was a primary factor influencing both upgrades and downgrades, with inflation also impacting profitability across both sectors.

Banard joins Blackwell Captive Solutions
19 March 2024
US Reporter Sophie Downes

As executive assistant, Taylor Barnard will support the firm’s president, Kari Niblack, as well as the wider Blackwell staff

NAIC welcomes Anderson as CEO
19 March 2024
US Reporter Klea Neza

Prior to his appointment as CEO, Anderson served as a policy adviser and senior counsel in the Massachusetts State Senate President’s office

Cytora welcomes Clarke to its global advisory board
19 March 2024
UK Reporter Klea Neza

Emmanuel Clarke, formerly president and CEO of PartnerRe, joins Cytora to support the firm’s global growth

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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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