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XN Captive rebrands as Luzern Risk with US$12m funding
09 April 2025
US Reporter Diana Bui

XN Captive has rebranded as Luzern Risk and secured US$12 million in Series A funding from Caffeinated Capital to support its mission of digitising captive insurance for the underserved middle market

Marsh Specialty UK names new Chief Business Officer
09 April 2025
UK Reporter Diana Bui

Marsh Specialty UK has appointed Jonathan Prinn as chief business officer

831(b) Institute urges IRS for extension on micro-captive reporting rules
08 April 2025
US Reporter Diana Bui

The 831(b) Institute has called on the Internal Revenue Service (IRS) to extend the deadline for new reporting regulations under Section 831(b) of the Internal Revenue Code

BMS Group appoints new Board Chairman
08 April 2025
UK Reporter Diana Bui

BMS Group has named Jean-Jacques Henchoz as chairman of the board, effective from 1 May

Willis launches new professional indemnity solution
08 April 2025
UK Reporter Diana Bui

Willis, a WTW business, has launched ProXS, a new professional indemnity solution offering a CCY40m capacity for professional firms

Insurers face increased regulation for life business, climate and AI
07 April 2025
UK Reporter Diana Bui

Global insurers face rising regulatory costs linked to structural shifts in the life sector, climate change and AI as industry supervisors intensify their response to mounting risks, according to Fitch Ratings

AM Best revises NASWIC ratings outlook to ‘negative’
07 April 2025
US Reporter Diana Bui

AM Best has revised its under review status for NASW Insurance Company (NASWIC), a captive insurer wholly owned by the National Association of Social Workers (NASW), shifting the outlook from developing to ‘negative’

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Latest issue 278
Issue archive
Inside this issue

In this issue of Captive Insurance Times, Karl Loomes sits down with Jason Stevenson, director at ALT/r Consulting, to discuss the role of an independent consultancy and how to advise clients interested in captives.

As digital assets gain traction, the Bermuda Monetary Authority has adapted its regulatory framework, creating new opportunities for captive insurers in this evolving space.

Elsewhere, Diana Bui talks to Diana Hardy and Bailey Roese, co-chairs of CICA’s NEXTGen initiative, about strategies for attracting more young talent to the captive insurance industry.

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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
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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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