Tuesday, October 15, 2024

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Member owned PCH Mutual has advantage over competitors

The member driven model of PCH Mutual provides the captive with an advantage over its competitors, according to the risk retention group’s (RRG) CEO and president, Julie Bordo.

Cayman licenses five captives in Q3

The Cayman Islands Monetary Authority (CIMA) issued five new international insurer licences in the third quarter of 2024, taking its total of new licences for the year to 29.

Blue Ocean Reinsurance makes three hires as part of growth strategy

Blue Ocean Re has appointed Nico Kleine Punte to oversee the group’s accounting operations, in addition to hiring Derek Shanahan as senior vice president and account executive, and Nancy Manyange as reinsurance accountant.

CrowdStrike event could push more cyber risk into captives

Although having a limited direct impact on captives, the recent CrowdStrike incident will likely lead to more companies assessing the possibility of utilising their captives to write cyber risk.

Mark Owen takes on Artex Guernsey leadership role

Mark Owen is now managing director of Artex’s Guernsey office, having relocated to the jurisdiction last month after more than eight years in Bermuda.

IRS to finalise micro captive regulations by mid 2025

The Internal Revenue Service has announced plans to release the text of the 2024-2025 priority guidance, which includes plans to finalise its micro captive regulations.

GCP #113: The Asian Captive Market and ACC 2024

Luke shares a report from his recent visit to Singapore and Kuala Lumpur, where he attended the Asia Captive Conference 2024.

China presents “tremendous” opportunity for captive growth

There is enormous growth potential for captives in Asia, and China in-particular, according to Gloria Chan, senior manager of market development at the Hong Kong Insurance Authority.

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LATEST PODCASTSLogo

GCP #113: The Asian Captive Market and ACC 2024

Luke shares a report from his recent visit to Singapore and Kuala Lumpur, where he attended the Asia Captive Conference 2024.

GCP #112: Abu Dhabi’s captive potential

Richard visits Abu Dhabi to talk to stakeholders with a vested interest in the captive domicile, including a local captive owner, the regulator and consultants at Aon.

GCP Short: The captive role in energy transition

Richard is joined by AXA XL's Owen Williams and Vicky Roberts-Mills to discuss the energy transition, the related insurance challenges and the role for captives to support their parents.

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