Willis appoints Trevor Madden as head of captive and insurance management solutions for Asia Pacific, effective 1 November.
The Utah Division of Risk Management appoints Dennis Flynn as Utah state risk manager.
Altaline Capital Management makes a strategic growth investment in Risk & Regulatory Consulting, a provider of actuarial, financial and information technology, compliance and related services to US insurance regulators.
Marsh Re appoints Laurent Rousseau as head of international, adding Asia, Pacific, Latin America and the Caribbean to his existing Europe and IMEA remit. He continues to lead capital and advisory globally.
The Cayman Islands Monetary Authority revokes the Class B(ii) insurer’s licence of Progressive Grocers Insurance SPC, effective 1 September, after finding five outstanding breaches of the Insurance Act 2010 and its capital and solvency regulations.
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 David Gross as vice president.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Paul Shimomoto, president and director, Hawaii Captive Insurance Council, looks at why the domicile is the perfect home for captive insurers
