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Hiscox names Peter Clarke as new Chair
30 May 2025
Bermuda Reporter Diana Bui

Clarke will join the board on 1 June and will succeed interim chair Colin Keogh, who is stepping down from the board the following month

Nevada captive council appoints new board
29 May 2025
US Reporter Diana Bui

Josh Miller, CEO of KeyState Captive Management, has been elected as NCIC president, while Renea Louie, CEO of Sotera Global Management, has been re-elected as secretary

Novel Financial launches with MGU-focused strategy
29 May 2025
US Reporter Diana Bui

Novel’s business model combines fee-based income from insurance services with underwriting performance from its carriers

Hong Kong promotes re-domiciliation to Toronto insurers
28 May 2025
Canada Reporter Diana Bui

Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, promoted the city’s new re-domiciliation regime to Canadian insurers, including captives, during his visit in Toronto

UK and Saudi Arabia strengthen insurance education ties
28 May 2025
UK Reporter Diana Bui

Bayes Business School has signed a three-year education agreement with the Saudi Insurance Authority to support the development of insurance and actuarial expertise in the country

AM Best assigns ‘B++’ rating to Mondelez’s captive
27 May 2025
Netherlands Reporter Diana Bui

AM Best has assigned a financial strength rating of ‘B++’ (Good) and a long-term issuer credit rating of ‘bbb+’ to Berkeley Re, single-parent captive of Mondelez International

SiriusPoint names new strategy and development chief
27 May 2025
Bermuda Reporter Diana Bui

Global specialty (re)insurer SiriusPoint has appointed Philip Enan as chief strategy and corporate development officer

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Latest issue 280
Issue archive
Inside this issue

In this issue of Captive Insurance Times, MAXIS GBN’s Paul Lewis explains how captives can serve as a long-term strategic partner for multinationals looking to deliver inclusive, competitive, and cost-effective employee benefits

Andy Noga, recently appointed director of captives at the South Carolina Department of Insurance, shares with Diana Bui how the state is maintaining its momentum in cultivating a strong captive insurance marketplace

Elsewhere, Diana Bui speaks with industry experts to examine the surge in parametric insurance adoption among captives, spurred by escalating climate volatility and emerging risks

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Interviews
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Joe McDonald and Luke Renz
Captives.Insure

Captives.Insure’s Joe McDonald and Luke Renz discuss how human dynamics shape successful captive insurance programmes beyond financial metrics

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Kevin Poole
IMAC

Cayman continues to draw new captive formations by leveraging its strong reputation in healthcare, group captives, and catastrophe bonds, says IMAC’s Kevin Poole, speaking with Diana Bui about the jurisdiction’s latest regulatory developments

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Lori Gorman and Joe Rosenberger
North Carolina Captive Insurance Companies Division

Lori Gorman and Joe Rosenberger from the North Carolina Captive Insurance Companies Division discuss how the state is evolving with enhanced infrastructure, regulatory expertise, and a growing service provider network in its captive insurance market

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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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Features
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Old rules, new players

Industry experts gather to examine the rise of captives in Latin America, where their number has doubled over the past decade amid a hardened insurance market and growing emerging risks

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AI and the next chapter for captives

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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Strategic value of BBB-rated bonds in investment-grade portfolios

Ed Goard, Jim Kelts, and Sam Gilbert of Yousif Capital Management explain how integrating BBB-rated bonds into captive insurance portfolios can deliver resilient returns, enhance diversification, and boost yield without materially increasing default risk

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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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