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AM Best upgrades long-term credit rating of Signet Jewelers captive
08 May 2024
US Reporter Diana Bui

As a captive insurer of Signet Jewelers, ZIC is a provider of third-party credit insurance and warranty coverage to the customers of its affiliated retailers.

Arch Insurance strengthens leadership team with three promotions
07 May 2024
US Reporter Diana Bui

Arch Insurance has promoted Angie Strack to senior vice president for national accounts, whilst Lisa Lang and Muhammed Kazmi have been appointed as regional leaders.

Acrisure expands presence in UK market with two acquisitions
07 May 2024
UK Reporter Diana Bui

Michigan-based fintech firm Acrisure has acquired Financial and Credit Insurance Services (FinCred) and Global Broking Solutions (GBS).

Robertson named senior risk analyst at Liberty Mutual Insurance
07 May 2024
US Reporter Diana Bui

Previously, Robertson served as chief financial analyst in the captive insurance division of the South Carolina Department of Insurance.

Delaware Senate passes amended captive regulation
03 May 2024
US Reporter Diana Bui

The commissioner will be authorised to impose additional conditions on captives related to capital and surplus to ensure the solvency and efficient operations of captives.

Marsh McLennan launches initiative to enhance supply chain risk management
03 May 2024
US Reporter Diana Bui

AI-powered platform Sentrisk with integrated advisory services allows clients to map supply chains and upgrade their operational plans.

Fitch: Bermuda insurer credit profiles supported by regulatory reforms
03 May 2024
Bermuda Reporter Diana Bui

Fitch anticipates that while the majority of insurers will remain in Bermuda, some on the margin may prefer other regulatory regimes with less strict capital standards.

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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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