While the captive market has seen unprecedented numbers of new formations over the past four years, it is important for owners to assess how to position the captive as the market softens.
Will Thomas-Ferrand, international practice leader at Marsh Captive Solutions, will assume leadership of the intermediary’s captive insurance business on 1 January 2025.
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.
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 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.
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.
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.
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.
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.
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.