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831(b) Institute urges IRS for extension on micro-captive reporting rules
08 April 2025
US Reporter Diana Bui

The 831(b) Institute has called on the Internal Revenue Service (IRS) to extend the deadline for new reporting regulations under Section 831(b) of the Internal Revenue Code

BMS Group appoints new Board Chairman
08 April 2025
UK Reporter Diana Bui

BMS Group has named Jean-Jacques Henchoz as chairman of the board, effective from 1 May

Willis launches new professional indemnity solution
08 April 2025
UK Reporter Diana Bui

Willis, a WTW business, has launched ProXS, a new professional indemnity solution offering a CCY40m capacity for professional firms

Insurers face increased regulation for life business, climate and AI
07 April 2025
UK Reporter Diana Bui

Global insurers face rising regulatory costs linked to structural shifts in the life sector, climate change and AI as industry supervisors intensify their response to mounting risks, according to Fitch Ratings

AM Best revises NASWIC ratings outlook to ‘negative’
07 April 2025
US Reporter Diana Bui

AM Best has revised its under review status for NASW Insurance Company (NASWIC), a captive insurer wholly owned by the National Association of Social Workers (NASW), shifting the outlook from developing to ‘negative’

AM Best affirms ‘Excellent’ ratings of Lion Re
04 April 2025
Bermuda Reporter Diana Bui

Lion Re is a Bermuda-based captive reinsurer assuming risks from ASSA Tenedora affiliates for property, auto, liability, marine, group life, health and miscellaneous businesses

DPS seeks to block US$1.2bn captive insurance deal
04 April 2025
US Reporter Diana Bui

Dorset Peak Solutions (DPS) has filed for a restraining order to block Oxford Risk Management Group from proceeding with a restructuring of its Bermuda-based captive insurance operations

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Latest issue 279
Issue archive
Inside this issue

In this issue of Captive Insurance Times, Joe McDonald and Luke Renz from Captives.Insure sit down with John Savage to discuss how human dynamics shape successful captive programmes beyond financial metrics

North Carolina Captive Insurance Companies Division’s Lori Gorman and Joe Rosenberger shed light on how the state’s captive insurance market is evolving through enhanced infrastructure, regulatory expertise, and a growing service provider network.

Elsewhere, Diana Bui speaks with industry experts to test whether AI’s growing momentum in captive insurance lives up to the hype

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Interviews
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Jason Stevenson
ALT/r Consulting

Jason Stevenson, director at ALT/r Consulting, sits down with Karl Loomes to discuss the role of an independent consultancy and how to advise clients interested in captive insurance

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Eric Eckenstahler
Artex Risk Solutions

Eric Eckenstahler, a former professional athlete and insurance agency owner, shares insights into his journey to becoming captive director at Artex Risk Solutions, where he manages four group captives encompassing 250 member insureds

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John Michael Alexander and Ryan Basnett
South Carolina Department of Insurance

John Michael Alexander and Ryan Basnett from the South Carolina Department of Insurance explain the competitive advantages for small and medium-sized businesses when choosing South Carolina as the domicile to establish their captives

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Fenhua Liu
Connecticut Insurance Department

Connecticut Insurance Department’s Fenhua Liu talks about the upcoming CT Captive Insurance Forum and the plans to accelerate the captive growth in the State

Features
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Inspiring the next wave

Diana Hardy and Bailey Roese, co-chairs of CICA’s NEXTGen initiative, share their insights and strategies for attracting more young talent to the captive insurance industry

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Mastering risks through captive insurance

Tibor Boettcher, CEO and executive director of Volkswagen Insurance Company, shares with Diana Bui how the captive plays a crucial role in the automotive giant’s risk management strategy

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No fate but what captives make

The rise of AI has been swift, but must captive insurance accept the technology as an inevitability and adapt, or resist?

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Domicile profiles
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Bermuda

As digital assets gain traction, the Bermuda Monetary Authority has adapted its regulatory framework, creating new opportunities for captive insurers in this evolving space

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The Cook Islands

Experts from the Cook Islands Financial Services Development Authority highlight the jurisdiction’s stability and regulatory maturity as key factors driving its appeal as a captive insurance domicile

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Barbados

Carmel L. Haynes, executive director at Barbados International Business Association, highlights the significance of the upcoming Barbados Risk & Insurance Management 2025 Conference in fostering innovative solutions and global collaboration in the industry

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Europe

Experts from AM Best delve into transformative trends in European captive insurance market, outlined in their latest report ‘New Domiciles Are Changing the Landscape for the European Captive Insurance Segment’

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