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Bigglestone appointed Acting Commissioner of Vermont DFR
24 December 2024
US Reporter Diana Bui

Sandy Bigglestone will become acting commissioner of the Vermont Department of Financial Regulation (DFR) at the start of 2025, following commissioner Kevin Gaffney’s retirement

RiverStone closes loss portfolio transfer deal with Zurich
23 December 2024
UK Reporter Diana Bui

The deal covers Zurich’s French discontinued motor and architects & engineers (A&E) professional indemnity portfolios

Aviva to acquire Direct Line in £3.7 billion deal
23 December 2024
UK Reporter Diana Bui

Aviva has reached an agreement to acquire Direct Line Insurance Group in a £3.7 billion (US$4.63 billion) cash-and-stock deal

Reith joins Acrisure as Executive Chairman of its MGA Volante
23 December 2024
UK Reporter Diana Bui

Acrisure has onboarded Martin Reith as executive chairman of its Lloyd’s business with managing general agent (MGA) operations, Volante Global

Bermuda licenses three new captives in November
20 December 2024
Bermuda Reporter Diana Bui

The newly licensed captives are Magna Insurance Bermuda, Structured Risk Mitigation Solutions and Schwarzchild

DARAG completes sale of regional business entities
20 December 2024
UK Reporter Diana Bui

DARAG Group has completed the sale of its North American and Bermuda business entities to the RiverStone Group

Augment Risk launches captive offering
19 December 2024
US Reporter Diana Bui

Augment Risk has appointed Steve McElhiney as partner to lead its newly launched captive and alternative risk transfer solutions offering

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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

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Features
Back to the latest news
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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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