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AstraZeneca adopts business resilience policy within captive framework
03 May 2024
UK Reporter Diana Bui

According to the firm, the policy, supported by three of the world’s largest reinsurers, offers cover against supply chain disruption, reputational damage and product withdrawal.

Pfizer captive receives ‘Excellent’ AM Best rating
03 May 2024
US Reporter Diana Bui

As the only captive insurer for Pfizer, Blue Whale provides coverage with ample limits and substantial retentions, augmenting significant reinsurance capacity and supporting its obligations.

Blackwell Captive Solutions promotes virtual healthcare initiative
03 May 2024
US Reporter Diana Bui

CirrusMD’s physician-led care and guidance model connects users to a doctor in “less than 60 seconds, 24/7” in response to “the scarcity of physicians in the US”, as stated by the firm.

Insurance distributor BRP rebrands to The Baldwin Group
02 May 2024
US Reporter Diana Bui

The first phase of the firm’s rebranding efforts includes the launch of the new website www.baldwin.com and other relevant content and marketing assets.

AM Best affirms ‘Excellent’ rating for Jacana Re captive
02 May 2024
Guernsey Reporter Diana Bui

Jacana Re, established in Bermuda in 2004 and re-domiciled to Guernsey in 2013, underwrites the risks from the parent company’s operations in South Africa and Australia.

Ardonagh to acquire Italian commercial insurance broker Mansutti S.r.l
02 May 2024
UK Reporter Diana Bui

The move follows the recent Ardonagh’ acquisition of Italian broker Mediass, and its acquisition of reinsurance and MGA business Teksure.

Aon unveils risk analyser tools to assist risk managers and brokers
01 May 2024
US Reporter Diana Bui

The initiative allows brokers in North America to receive exposure data and quantify loss potential, as well as assist risk managers in making better decisions based on the total cost of risk.

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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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