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AM Best removes GUNA Re from under review and affirms ratings
04 September 2026
Cayman Islands Reporter Nicole Bennet

AM Best removes the under review with negative implications status from GUNA Re and affirms the Cayman Islands captive’s financial strength rating of ‘A-’ (Excellent) and long-term issuer credit rating of ‘a-’ (Excellent).

BevCap Management appoints Gross as vice president
04 September 2026
US Reporter Elliot Hayes

BevCap Management appoints David Gross as vice president.

Examination Resources appoints Obusek as senior managing director
04 September 2026
US Reporter Elliot Hayes

Examination Resources appoints Jackie Obusek as senior managing director of strategy and operations.

IMAC opens gala silent auction for scholarship fund
04 September 2026
Cayman Islands Reporter Nicole Bennet

The Insurance Managers Association of Cayman (IMAC) opens the silent auction for its annual gala, with proceeds supporting the IMAC Educational Scholarship Fund.

Generali GC&C and Descartes renew parametric partnership
04 September 2026
Milan Reporter Nicole Bennet

Generali Global Corporate & Commercial (GC&C) and Descartes Underwriting renew their strategic partnership in parametric insurance.

PARIMA to hold Singapore conference in October
04 September 2026
Singapore Reporter Nicole Bennet

The Pan-Asia Risk and Insurance Management Association (PARIMA) holds its Singapore Conference 2026 on 14 and 15 October at Parkroyal Collection Marina Bay, running under the theme "The New Risk Order".

PARIMA launches AI Labs pilot for risk professionals
04 September 2026
Singapore Reporter Nicole Bennet

The Pan-Asia Risk and Insurance Management Association launches PARIMA AI Labs, a pilot programme giving risk professionals experience in using artificial intelligence to develop solutions to risk management challenges.

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Latest issue 294
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Inside this issue

Christine Brown, deputy commissioner of captive insurance at the Vermont Department of Financial Regulation, speaks with John Savage about two-way conversion, funding certified under oath, and why the division now supervises a cell in proportion to the risk it carries rather than its size or label.

Robert Walling, principal and consulting actuary at Pinnacle Actuarial Resources, sits down with Elliot Hayes as the firm opens a Canadian subsidiary and expands in Bermuda, discussing Alberta's rise as a domicile, Bermudian innovation, and why Pinnacle intends to skate where the puck is going.

Giles Hobday, account manager at USA Risk Group, and Matt Baldwin, chief underwriting officer at Swain & Baldwin Insurance, discuss why multi-unit property owners are retaining renters insurance risk themselves, the profitability these programmes can generate, and the rental cell structures easing the route in.

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Interviews
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Robert Walling
Pinnacle Actuarial Resources

As Pinnacle Actuarial Resources opens a Canadian subsidiary and expands its presence in Bermuda, Robert Walling, principal and consulting actuary at the firm, sits down with Elliot Hayes to discuss Alberta’s rise, Bermudian innovation and why the firm intends to skate where the puck is going.

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Christopher Reilly
North American Risk Services

Christopher Reilly, chief growth officer at North American Risk Services, speaks with Elliot Hayes about the third-party administrator’s evolving role as guardian of a captive’s capital, from reserve accuracy to litigation discipline.

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Luke Renz
Captives.Insure

As the commercial market softens but casualty lines stay hard, the conditions that sell captives can draw in owners forming them for the wrong reasons. Luke Renz of Captives.Insure speaks with Elliot Hayes about telling a captive that should exist from one built simply to escape a bad renewal.

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Michelle Bradley and Enoch Starnes
SIGMA Actuarial Consulting Group

Elliot Hayes sits down with Michelle Bradley and Enoch Starnes of SIGMA Actuarial Consulting Group on how to price and reserve for emerging risks like cyber and AI, which are moving into captives before a credible loss history exists.

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North Carolina bans third-party litigation investment: a win for insurers and captives

Michael Carey, senior audit manager at RH CPAs, on what House Bill 315 means for insurers and the captives carrying long-tail risk, as North Carolina becomes the first US state to ban third-party litigation investment.

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Renters insurance captives: A growing opportunity for multi-unit property owners

As multi-unit property owners increasingly retain renters insurance risk themselves, Giles Hobday of USA Risk Group and Matt Baldwin of Swain & Baldwin Insurance discuss the growing interest in renters captives and the profitability these programmes can generate.

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Structuring beyond the captive: The strategic use of Labuan PCCs

The captive conversation has moved on from whether to form one to how best to structure it. Dr Wong Wan Zhen, Executive Director cum Principal Officer at BBS Trust International Limited, makes the case for Labuan’s protected cell company framework as the logical next step in captive design.

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Domicile profiles
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Vermont

Christine Brown, deputy commissioner of captive insurance at the Vermont Department of Financial Regulation, speaks with John Savage about where a cell ends and a captive begins, as Vermont's cell regime increasingly mirrors the standard for standalone captives.

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Vermont

Christine Brown, deputy commissioner of captive insurance at the Vermont Department of Financial Regulation, speaks with John Savage about where a cell ends and a captive begins, as Vermont's cell regime increasingly mirrors the standard for standalone captives.

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Malta

Two decades on from pioneering its protected cell regime, Malta is repositioning itself as a substance-rich bridge between the UK and the EU. Ian-Edward Stafrace of Atlas Insurance PCC and Karl De Giovanni of SRS Europe weigh in on a more sophisticated owner base, the rise of affinity and embedded insurance, and the operational squeeze of growing complexity.

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Hawaii

Paul Shimomoto, president and director, Hawaii Captive Insurance Council, looks at why the domicile is the perfect home for captive insurers

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