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AM Best downgrades outlook of Lincoln Benefit to ‘negative’
27 November 2024
US Reporter Diana Bui

The downgrade reflects the continued capital support required for Lincoln Benefit’s captive reinsurer, Lancaster Re Captive Insurance Company, and the expected impact on its capital flexibility

Aon to acquire in-house insurance agency of Mitsubishi Chemical Group
27 November 2024
Japan Reporter Diana Bui

Aon has signed an agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG), expanding its risk and health capabilities in Japan

Oak Re receives permission to underwrite business at Lloyd’s
26 November 2024
UK Reporter Diana Bui

Global reinsurance company Oak Re has received permission for its Lloyd’s Syndicate 2843 to underwrite business beginning on 1 January 2025

Alliant launches government contractors segment
26 November 2024
US Reporter Diana Bui

The firm has hired Bryan Salek and Angela Kirby as senior vice presidents to lead the new team

Bermuda continues captive growth with 10 new licenses
25 November 2024
Bermuda Reporter Diana Bui

The Bermuda Monetary Authority licensed 10 new captive insurers between January and October 2024, reflecting Bermuda’s continued strength as a leading domicile for captive insurance

AM Best affirms ‘Excellent’ credit ratings of Eni’s captive
22 November 2024
Ireland Reporter Diana Bui

The Ireland-based captive is well-integrated within the Eni group’s risk management framework and maintains its active role in overseeing and containing the group’s insurance costs

Hurley appointed as new examiner in charge for Vermont DFR
22 November 2024
US Reporter Diana Bui

Previously, Nina Hurley worked as a senior account executive at AIG, based in Burlington, Vermont

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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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