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CICA announces new leaders for NEXTGen Committee
17 May 2024
US Reporter Diana Bui

The Captive Insurance Companies Association (CICA) has appointed Diana Hardy, partner at RH CPAs, and Bailey Roese, partner at Dentons Bingham Greenebaum, as co-chairs of its NEXTGen Young and New Professionals Committee.

VCIA opens registration for 39th annual conference
15 May 2024
US Reporter Diana Bui

The conference is America’s biggest captive event, where attendees can expect to participate in networking, education sessions and business opportunities.

BIBA: CEO calls for innovation and regulatory stability
15 May 2024
UK Reporter Diana Bui

British Insurance Brokers’ Association (BIBA) CEO Graeme Trudgill outlines his vision of cooperation and allyship to drive positive change across the industry in his BIBA Conference opening speech.

Everest Insurance launches Australian offices
15 May 2024
Australia Reporter Diana Bui

Bermuda-based (re)insuser Everest Insurance has launched its Australian arm to expand its presence in the APAC market.

Marsh launches tax insurance policy for US clean energy projects
14 May 2024
US Reporter Diana Bui

Marsh has introduced tax investment default insurance, a solution designed to expand the pool of capital available to invest in federal tax credits tied to US renewable energy projects.

Bermuda continues captive growths
13 May 2024
Bermuda Reporter Diana Bui

Bermuda Monetary Authority (BMA) licensed three new captives between January and April 2024, taking the total number in the domicile to 630.

Mais appointed vice chair of IAIS executive committee
08 May 2024
US Reporter Diana Bui

Mais is Connecticut's insurance commissioner and president of the National Association of Insurance Commissioners.

FM Global launches renewable energy unit
08 May 2024
US Reporter Diana Bui

Jim O'Brien, division manager, and Doug Patterson, head of renewable energy, will lead the new unit, which will first serve the US and Canada before going global later this year.

Features
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Micro-captives

Scott Simmons, director of Verve Risk Services, and Michael Maglaras, president of Michael Maglaras & Company, shine a light on abuse in the captives industry through the use of 831(b) of the Internal Revenue Code and how firms can protect themselves

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Bridge-it

Atlas Insurance PCC’s Ian-Edward Stafrace shares how innovative cell solutions can simplify cross-border insurance

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Modoc Nation

Chief Robert Burkybile III, tribal chief of the Modoc Nation in Oklahoma, discusses concerns about misconceptions and prejudices towards tribal domiciles in the micro-captive insurance industry and provides clarity regarding the Modoc Nation’s high standards

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Work smarter, not harder

The insurance industry has been considered a ‘laggard’ to financial services in adopting new technologies such as the cloud. However, for generative AI, insurers have been quick to recognise opportunities. But what will this mean for workers and captive markets?

Interviews
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Brittany Nevins
Vermont Department of Economic Development

Vermont’s Brittany Nevins shares how the Vermont Captive Insurance Emerging Leaders programme is aiming to educate students and insurance professionals on the benefits of a career in captives

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Ryan Martin
South Carolina Department of Insurance

Ryan Martin, captive supervising financial analyst, South Carolina Department of Insurance speaks with Captive Insurance Times about his journey into the industry

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Alyssa Preidt
Capterra Risk Solutions

Alyssa Preidt of Capterra Risk Solutions speaks to Frances Jones about her experiences and influences in the industry

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Scott Simmons
Verve Risk Services

Scott Simmons, director of Verve Risk Services, discusses the key decisions and oversight duties of captive insurance boards to help minimise D&O exposure risks. He highlights proper governance, planning, due diligence and accountability measures as imperative for directors

Country profiles
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Missouri

Sam Komo, insurance manager at the Missouri Department of Commerce and Insurance, reflects on progress and challenges for the state’s captive insurance programme in 2023

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The Bahamas

Dana Munnings-Gray, acting superintendent of insurance, outlines the benefits of The Bahamas as a captive domicile

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Labuan

Datuk Iskandar Mohd Nuli summarises how Labuan IBFC provides a complete captive-centric ecosystem that caters to the lifecycle of a self-insurance company

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Canada

Strategic Risk Solutions observes further domestic options for Canadian captives, while examining the markets of onshore domiciles, Alberta and British Columbia, and offshore in Barbados

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