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Global captive numbers soar to 8,000 in 2024
08 January 2025
US Reporter Diana Bui

The total number of captives worldwide reached an estimated 8,000 in 2024, collectively writing approximately US$50 billion in premiums, according to Captives.Insure

World Insurance hires former Aon executive Miller as EVP
08 January 2025
US Reporter Diana Bui

Bringing nearly 20 years of experience in the insurance industry, Adam Miller joins from Aon, where he was a managing director and senior account executive

Ryan Specialty enters US$525m Velocity Risk acquisition
07 January 2025
US Reporter Diana Bui

The deal, expected to close in early 2025, aims to expand Ryan Specialty's property catastrophe portfolio

Aon partners with Moody’s to enhance credit risk management
07 January 2025
UK Reporter Diana Bui

The collaboration combines Aon’s industry expertise with Moody’s digital tools to deliver improved outcomes in insurance broking and risk management

Augment Risk appoints Solorzano as Associate Partner for LATAM Parametric
07 January 2025
US, Latin America Reporter Diana Bui

Alejandro Solorzano brings over 19 years of experience in reinsurance and parametric insurance with expertise in product development, distribution, marketing, data and analytics

Chestnut Hill nears launch of captive initiative
06 January 2025
US Reporter Diana Bui

Chestnut Hill Insurance Group is finalising preparations for the launch of its innovative group/agency captive

Guttenberger joins Alliant Insurance Services as Vice President
03 January 2025
US Reporter Diana Bui

Based in Houston, Guttenberger brings expertise in risk management, with a national focus on delivering strategic solutions for businesses across a range of industries

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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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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

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Waqqas Asghar
RH CPAs

Waqqas Asghar, audit director at RH CPAs, speaks to John Savage about harnessing captives to optimise financial benefits during mergers and acquisitions and initial public offerings

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Jacqueline Quintal
Marsh

Jacqueline Quintal, managing director in Financial Institutions Group at Marsh, sheds light on the use of digital assets in the captive insurance space

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Features
Back to the latest news
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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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Partnerships shaping Connecticut’s captives

Leaders from key organisations share insights on regulatory support, economic impact, and the evolving role of InsurTech in the captive market

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Domicile profiles
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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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Hong Kong

The success of Hong Kong’s current cohort of captives is spurring the jurisdiction’s leaders and regulators into action in a bid to encourage local and Chinese companies to follow suit

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Delaware

Delaware’s rise as a key player in captive space is no accident, with its robust regulatory framework, strategic location, and commitment to responsive service making it a top choice for businesses

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