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Scherzinger promoted to group head of captives at Zurich Insurance
10 May 2024
Switzerland Reporter Diana Bui

Scherzinger is currently head of alternative risk solutions at Zurich North America, where she is responsible for the service and management of international insurance programmes for multinational customers.

Oklahoma Insurance Department recognised as ICCIE trained organisation
10 May 2024
US Reporter Diana Bui

It was announced during the 2024 Western Region Captive Insurance Conference (WRCIC) in Tulsa, Oklahoma, further signifying the agency’s commitment to making the state a desired domicile for captive insurance companies and service providers.

BMS Re strengthens MGA business with six new hires
08 May 2024
US Reporter Diana Bui

The hires include one executive vice president (VP), Alicia Santocki; two senior VPs, Scott Fields and Stephanie Fick; two assistant VPs, Colin Curran and Charles Ill; and one executive assistant, Cora Cruz.

Flagstone International expands into captive insurance market
08 May 2024
US Reporter Diana Bui

Flagstone International has partnered with captive insurance manager Strategic Risk Solutions (SRS) to allow SRS’s clients access to its cash deposit platform.

Marsh introduces insurance solution for providers in EU crypto market
09 May 2024
EU Reporter Diana Bui

The offering is designed for EU-based providers, including custodians, exchanges and administrators, who must comply with the forthcoming Markets in Crypto-Assets Regulation (MiCA).

WTW boosts global cyber facility with broader coverage options
08 May 2024
UK Reporter Diana Bui

WTW increased the maximum capacity of the CyXS facility by 50 per cent from US$50 million to US$75 million, in response to client feedback.

Aon names Allen as executive managing director of capital advisory
08 May 2024
UK Reporter Diana Bui

Allen will report to Kelly Superczynski, Aon’s global head of capital advisory, and be responsible for sourcing capital from global organisations to support Lloyd’s of London and risk transfer programmes.

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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

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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