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Arizona licenses nine new captives in 2019
08 January 2020
Arizona Reporter Becky Bellamy

The Arizona Department of Insurance has revealed it licensed nine new captives in 2019, taking the total number of captives to 128

J.P. Morgan Chase’s captive credit ratings affirmed
16 December 2019
New Jersey Reporter Becky Bellamy

A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” of Park Assurance Company

Marsh appoints Reid Sawyer
11 November 2019
Chicago Reporter Maria Ward-Brennan

Sawyer will be based in Chicago and will report to Brannan Johnston, US strategic risk consulting practice leader

Ratings affirmed for Phillips 66 captives
04 November 2019
Texas Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A and the long-term issuer credit ratings of “a” of Spirit Insurance Company and Radius Insurance Company

A.M. Best affirms Ameriprise captive ratings
14 October 2019
New Jersey Reporter Maria Ward-Brennan

A.M. Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a+” of Ameriprise Captive Insurance Company

Captive insurance: a new coverage for property damage by shooting attacks?
16 July 2019
New Jersey Reporter Rebecca Delaney

Schools can use captive insurance solutions against property damages caused by shooting attacks, according to a new report by AM Best

Marsh: Captives writing terrorism risk up 10 percent in 2018
23 May 2019
New York Reporter Ned Holmes

The number of Marsh-managed captive insurance companies that accessed TRIPRA to write property, workers’ compensation, general liability, and cyber risk rose 10 percent in 2018, according to a Marsh report

TRIPRA expiration could result in ratings downgrade, says A.M. Best
14 May 2019
New Jersey Reporter Ned Holmes

The possible expiration of TRIPRA could result in a potential rating downgrade in ratings for P&C insurers, and therefore captives, according to A.M. Best

Features
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Fewer options, more fees

Shoshanna Simmons of CIC Services explains the increased complexities in the excess and surplus insurance markets

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Cyber risk captives: mutually beneficial?

David Beyon looks at how and why cyber risks are finding their way into the captive space

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The risk index

How can parametric insurance be implemented with captives to provide appropriate coverage for weather, pandemic and other forms of non-damage business interruption?

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The building blocks of technology

Industry professionals discuss the implementation of blockchain in the captive industry, as well as the benefits and challenges of such technologies

Interviews
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Eric Lark
Kerr Russell

Kerr Russell’s Eric Lark explains that due to a number of factors group captives continue to flourish

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Regulators of Arizona
Missouri and Utah

Regulators of Arizona, Missouri and Utah give an update on the health of the Western Region captive domiciles

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John Talley
Missouri Department of Insurance

Missouri’s no frills approach to captive insurance means it maintains a friendly and reliable regulatory environment, keeps costs low and adapts for the needs of each captive. John Talley of the Missouri Department of Insurance, says this is where the state’s success lies

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Vivian Hoard
Taylor English

The IRS’s attempt to put a stop to unlawful micro captives means legitimate captives will be caught up as collateral, Vivian Hoard, partner at Taylor English, explains that good captives need to stand up and fight their case

Country profiles
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Mauritius

TDB Captive Insurance Company (TCI) is a subsidiary of The Eastern and Southern African Trade and Development Bank Group (TDB Group) which provides credit and political risk insurance and reinsurance cover for TDB Group subsidiaries, thereby creating greater efficiencies in the group’s risk management

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Barbados

Kirk Cyrus of SRS Barbados, Darren Treasure of London & Capital, and Gregory Smith of Deloitte discuss current market conditions in the captive industry of Barbados, and the landscape of emerging risks

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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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Guernsey

Guernsey continues to see increased interest in its captive market due to the hard market conditions. Industry participants discuss the current trends, challenges and its ongoing partnership with China

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