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NSM Insurance acquires Strategic Underwriters International
12 June 2024
US Reporter Diana Bui

The move aims to complement NSM's robust portfolio of specialty insurance programmes and brands for commercial P&C and consumer insurance.

Argenta names Nathan as Group Chief Risk Officer
11 June 2024
UK Reporter Diana Bui

Niranjan Nathan will lead Argenta’s risk team and oversee the actuarial function, ensuring a robust risk framework, strong governance, and appropriate supervision and risk controls.

AM Best upgrades outlook for global reinsurance industry to ‘positive’
11 June 2024
US Reporter Diana Bui

The agency cites the robust profit margins along with higher attachment points and tighter terms and conditions that followed a period of drastic repricing.

Captive Resources announces key executive changes
22 May 2024
US Reporter Diana Bui

Three CRI senior leaders have taken on expanded responsibilities following the creation of two separate business units, Property & Casualty (P&C) and Health Solutions.

Vermont updates captive law to improve regulatory framework
21 May 2024
US Reporter Diana Bui

Vermont House Bill 659 clarifies the law in multiple instances to improve the process and consistency of regulatory practices, address unnecessary redundancies, and better align requirements with the captive marketplace.

VCIA opens registration for 39th annual conference
15 May 2024
US Reporter Diana Bui

The conference is America’s biggest captive event, where attendees can expect to participate in networking, education sessions and business opportunities.

Lumen Re maintains ‘Excellent’ credit rating
14 May 2024
Bermuda Reporter Diana Bui

A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the long-term issuer credit rating of ‘a’ (Excellent) of Lumen Re, based in Bermuda.

Marsh introduces insurance solution for providers in EU crypto market
09 May 2024
EU Reporter Diana Bui

The offering is designed for EU-based providers, including custodians, exchanges and administrators, who must comply with the forthcoming Markets in Crypto-Assets Regulation (MiCA).

Features
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Navigating captive regulations across US states

In the first of two articles on captive legislation in US states, Diana Bui talks to regulators from Vermont, Utah and North Carolina about their strategies to stay competitive and adapt to industry changes

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Navigating new norms

As new regulations threaten to force a shift in many insurers’ ESG strategies, leaders may need to focus on developing a strategy that not only meets new regulatory requirements but also enhances stakeholder engagement

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Micro-captives

Scott Simmons, director of Verve Risk Services, and Michael Maglaras, president of Michael Maglaras & Company, shine a light on abuse in the captives industry through the use of 831(b) of the Internal Revenue Code and how firms can protect themselves

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Charting growth in The Bahamas

Dana Munnings-Gray, acting superintendent of insurance, summarises recent developments in The Bahamas’ captive insurance industry

Interviews
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Timothy Marlin
Marsh

Timothy Marlin, senior vice president in Cyber Practice for US and Canada at Marsh, talks about the structure and operating model of Edgware Re group captive

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Dr Dirk Höring
HDI Global

Dr Dirk Höring, member of HDI Global’s executive board for property, engineering and marine insurance, and risk consulting, explains about the new climate risk reporting (CRR) service and its benefits for captives

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Stephen Taylor
Delaware Department of Insurance

Stephen Taylor talks to Frances Jones about his role and his ambitions for the Delaware captive programme

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Carter Lawrence
Tennessee Department of Commerce and Insurance

Carter Lawrence, commissioner of the Tennessee Department of Commerce and Insurance, talks to John Savage about attracting and retaining captive insurance companies in Tennessee

Country profiles
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Asia Pacific

Henry Brandts-Giesen and Jackson Tu’inukuafe of Dentons talk about key domiciles for captive insurance in Asia Pacific

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South Carolina

As South Carolina continues to grow as a captive domicile, the benefits of its stable captive regime have come to bear. Challenges persist in the industry as a whole, however, continued growth will require reflection on how best to handle them

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North Carolina

Ten years after the inception of its captive insurance law, North Carolina is flourishing, having hit a significant milestone in licences, and having become the third largest domicile in the US. Ned Holmes examines what the Old North State is doing right

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The Bahamas

Dana Munnings-Gray, acting superintendent of insurance, outlines the benefits of The Bahamas as a captive domicile

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