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Argenta appoints Goddard as non-executive director
29 April 2024
UK Reporter Diana Bui

With extensive experience in the global (re)insurance industry, Goddard has held several underwriting and leadership roles, most recently as director of underwriting for specialty casualty at W. R. Berkley Corporation.

Insurtech MGA Loadsure expands to European market
29 April 2024
Europe Reporter Diana Bui

With an initial focus on the Benelux region, Germany, France, Denmark, Norway, Finland and Sweden, the company aims to use high resolution data, AI and automation to provide accurately priced freight insurance and insight products.

Marsh introduces new alternative risk practice
26 April 2024
UK Reporter Diana Bui

The new practice will brings together Marsh's parametric solutions, alternative risk transfer, captives and complex risk offerings.

Harris promoted to partner at McGill and Partners
26 April 2024
UK Reporter Diana Bui

Harris joined the firm in 2022 as an associate focusing on mining and heavy industry.

Aon expands middle-market presence with acquisition of broker NFP
26 April 2024
UK Reporter Diana Bui

The purchase came from Aon’s funds affiliated with NFP’s main capital sponsor Madison Dearborn Partners and with HPS Investment Partners for US$13 billion.

Connecticut Captive Insurance Association welcomes new director
25 April 2024
US Reporter Diana Bui

She has more than 15 years of experience working with captives, and has expertise in risk management, financial services and financial analysis.

Swiss Re launches AI-powered underwriting assistant
25 April 2024
Switzerland Reporter Diana Bui

Swiss Re Life Guide Scout is a generative AI-powered underwriting assistant for life and health insurance, developed in collaboration with Microsoft Azure OpenAI service.

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Latest issue 267
Issue archive
Inside this issue

In this issue of Captive Insurance Times, Matthew Reddington, partner at ZMFF&J Law, sheds light on the first victory of a micro-captive against the IRS in court.

Elsewhere, Henry Brandts-Giesen and Jackson Tu’inukuafe of Dentons explain to family office and family business executives about the Cook Islands captive insurance regime.

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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Interviews
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Brittany Nevins
Vermont Department of Economic Development

Vermont’s Brittany Nevins shares how the Vermont Captive Insurance Emerging Leaders programme is aiming to educate students and insurance professionals on the benefits of a career in captives

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Ed Goard
Yousif Capital Management

With interest rates in flux, captive insurers must take a nimble investment strategy to preserve capital and seize opportunities. Ed Goard of Yousif Capital Management discusses how dynamic asset allocation, disciplined rebalancing and prudent risk management can help captives thrive across economic cycles

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Travis Wegkamp
Utah Insurance Department

Travis Wegkamp provides CIT with an overview of Utah’s progress in the captive market, highlighting key regulatory changes and his future aspirations

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Dan Towle
CICA

CICA President Dan Towle hails the captive industry’s rapid growth, showcased by record attendance at the 2024 Conference, and outlines emerging trends – from talent initiatives driving diversity to private equity’s influx shaking up the job market

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Features
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Editor's pick
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Going for gold

Industry experts discuss 2023’s captive market performance, trends and developments and share predictions for the coming year

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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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Bridge-it

Atlas Insurance PCC’s Ian-Edward Stafrace shares how innovative cell solutions can simplify cross-border insurance

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Domicile profiles
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Missouri

Sam Komo, insurance manager at the Missouri Department of Commerce and Insurance, reflects on progress and challenges for the state’s captive insurance programme in 2023

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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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Labuan

Datuk Iskandar Mohd Nuli summarises how Labuan IBFC provides a complete captive-centric ecosystem that caters to the lifecycle of a self-insurance company

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Canada

Strategic Risk Solutions observes further domestic options for Canadian captives, while examining the markets of onshore domiciles, Alberta and British Columbia, and offshore in Barbados

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