VCIA
Saturday, June 10, 2023
VCIA

SRS Bermuda appoints Charles Scherer as SVP, ILS

SRS Bermuda has appointed Charles Scherer as senior vice president for insurance link securities (ILS) at its Hamilton office.

AM Best affirms ratings of BNY Mellon captives

AM Best has affirmed the financial strength ratings of A (Excellent) and the long-term issuer credit ratings of “a+” (Excellent) of Bermuda-based BNY Trade Insurance and The Hamilton Insurance Corp. (Hamilton) (Melville, NY).

Knauf appoints SRS to manage Luxembourg captive

Strategic Risk Solutions (SRS) Luxembourg has been appointed the manager of the Knauf captive. Privately-held Knauf is a group of companies that form one of the world’s largest manufacturers of construction materials. It formed Knauf Re in 2021 in response to...

Alliant sees “tremendous” captive growth

Alliant Insurance Services has seen exceptional growth within its captive division over the past 18 months, Seth Madnick, managing director of the captive group at Alliant, told Captive Intelligence.

GCP Short: VCIA 2023 Preview

VCIA president Kevin Mead and conference chair Aaron Hillebrandt we preview the Vermont Captive Insurance Association conference being held in Burlington, Vermont from August 7 to August 10.

California Franchise Tax Board issues Notice allowing abusive micro-captives reduced penalties

The California Franchise Tax Board (FTB) has offered taxpayers the opportunity to resolve potentially abusive micro-captives (831(b)) transactions and receive reduced penalties by entering into a closing agreement to reverse their deductions and related transaction costs.

Domicile Wars: Third party risk expected to boost Labuan’s captive proposition

Labuan is set to allow certain captives to write third-party risk, in addition to the risks of its owner or members, in the case of association captives, which will likely make the domicile a more attractive proposition for new formations or re-domestications.

Iowa captive legislation advances

Iowa is likely to become the next US state to embrace captives, which would make it the 36th US jurisdiction to adopt captive insurance legislation (including the District of Columbia). On April 24, the Iowa Senate unanimously passed Senate File...

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LATEST PODCASTSLogo

GCP Short: VCIA 2023 Preview

VCIA president Kevin Mead and conference chair Aaron Hillebrandt we preview the Vermont Captive Insurance Association conference being held in Burlington, Vermont from August 7 to August 10.

GCP Short: Cyber risk strategy built with captive fronting and CISO collaboration

This GCP Short, featuring risk, insurance and CISO experts from Solvay, takes a deep dive into cybersecurity and the role for captives in both risk financing and supporting risk management on the fast evolving and difficult to insure risk.

GCP #86: Stacy Apter, Coca-Cola’s corporate treasurer, on captive strategy and the future of insurance

Stacy is known to many in the captive market from the various roles she has held at Coke since joining in 2005, which included risk and insurance and global benefits positions, and gives her an incredibly rounded outlook on how the risk, insurance and captive market can be utilised most effectively to support Coke’s financial and business goals.

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