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Guardrisk granted South Africa’s first micro-insurance cell captive licence
21 April 2021
South Africa Reporter Maria Ward-Brennan

Guardrisk, South Africa’s largest cell captive insurer, has been granted South Africa’s first micro-insurance cell captive licence by the Financial Sector Prudential Authority

David Brown succeeds Richard Boyd as AGCS’ head of capital solutions
16 April 2021
Bermuda Reporter Maria Ward-Brennan

David Brown will take over as head of Allianz Global Corporate & Specialty capital solutions unit from 1 July 2021, succeeding Richard Boyd

Garbhan Shanks joins Fladgate
08 April 2021
UK Reporter Maria Ward-Brennan

Garbhan Shanks has joined Fladgate as a partner in the dispute resolution practice

Vermont hits new milestone after licensing 1,200th captive
10 February 2021
Vermont Reporter Maria Ward-Brennan

Vermont’s Governor Phil Scott has revealed that the Department of Financial Regulation has licensed the state's 1,200th captive insurance company

Court awards ATGI RRG’s motion for sanctions against MVT Insurance Services
03 February 2021
North Carolina Reporter Maria Ward-Brennan

The Superior Court of New Hanover County, North Carolina has ruled in favour of the American Transportation Group Insurance Risk Retention Group after it filed a motion to show cause and for sanctions against MVT Insurance Services and its principal

North Carolina licenses 47 captives in 2020
01 February 2021
North Carolina Reporter Maria Ward-Brennan

North Carolina licensed 47 captive insurance companies and approved 126 cells and series in 2020, according to the North Carolina Insurance Commissioner Mike Causey

Bermuda grants AkinovA insurance marketplace provider license
20 January 2021
Bermuda Reporter Maria Ward-Brennan

AkinovA explains that this makes them the first new regulated insurance marketplace since Lloyd’s of London Act of parliament in 1871

Bermuda grants Canopius a Class 4 reinsurer licence
14 January 2021
Bermuda Reporter Maria Ward-Brennan

Canopius Reinsurance, the Bermuda-based reinsurance company of Canopius, has been granted a Class 4 Reinsurer licence by the Bermuda Monetary Authority

Features
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Ankner v. IRS: Victory for micro-captive

Matthew Reddington, partner at ZMFF&J Law, sheds light on the first victory of a micro-captive against the IRS in court, after the federal agency failed to show that the captive management firm RMC Group was liable for Section 6700 penalties

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Transitioning to captive insurance

Strickland Hardee’s Caleb Cronce, audit manager, and Audrey Cook, audit associate, explore the nuances between domiciles’ regulatory environments and how market participants can optimise their captive insurance programmes

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PCCs on the rise

Frances Jones reviews the proliferation of PCCs in the captive industry and across key domiciles

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One to watch

Industry experts discuss the growth potential of the immature yet competitive captive market in Asia Pacific, as well as emerging risks and the importance of robust regulatory regimes

Interviews
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Christina Kindstedt
Advantage Insurance Management

Christina Kindstedt, president at Advantage Insurance Management, speaks to Diana Bui about the benefits of independent captive management

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Ernie van der Vyver
Clyde & Co

Ernie van der Vyver, partner at Clyde & Co, explains what new legislation will mean for cell captive insurance companies in South Africa

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Ian Stewart
Clyde & Co

The Monetary Authority of Singapores is taking steps towards its goal of becoming a global insurance marketplace in 2018 by establishing itself as a positive environment for creating catastrophe bonds. Ian Stewart, partner at Clyde & Co, explains more

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Bob Chaput
Clearwater Compliance

Healthcare systems are playing major catch-up when it comes to cybercrime. Bob Chaput of Clearwater Compliance explains more

Country profiles
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Singapore

Market participants consider the captive growth in Singapore, while identifying its barriers and opportunities

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Vermont

Sandy Bigglestone, Christine Brown and Kevin Mead discuss the prosperous landscape of the captive industry Green Mountain State, as well as the state’s recent legislative amendments and what to expect from this year’s VCIA conference

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Singapore

Singapore’s ILS market has grown since its introduction in 2018, and after recently extending the grant scheme until the end of 2022, industry professionals suggest that the market will continue to expand beyond this new deadline

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Singapore

Singapore maintains its place and reputation as the top Asian domicile but industry experts warn it also needs to keep pace with international regulatory frameworks

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