Home Blog

How captives can open the door to greater utilisation of cat bond market 

Luke Harrison
-
0
How captives can open the door to greater utilisation of cat bond market 
  • MTA pioneered captive access to the cat bonds in 2013 
  • Market expanding beyond traditional property catastrophe risks 
  • United States’ captive cat bonds more prevalent than Europe 

Catastrophe bonds (cat bonds) can provide corporates with an alternative source of capacity for catastrophe risks, with captives serving as the vehicle to transform those risks into the capital markets. 

Cat bonds are securities that transfer insurance risk to capital market investors. Investors provide collateral that can be used to cover losses if a predefined catastrophe event occurs, often through the use of a parametric trigger. 

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Piko Labs AI launches AI-native reinsurance intermediary

Luke Harrison
-
0

Piko Labs AI, Inc. has launched Piko Re Intermediaries, an AI-native reinsurance broker targeting what the firm described as a “major gap” in the captive market, where a substantial portion of global captives do not currently use reinsurance.

The new intermediary is domiciled in Texas and operates in other states under applicable non-resident licences.

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Exclusive: UK captive regulators to prioritise relationships, quality and stability 

Luke Harrison
-
0
Exclusive: UK captive regulators to prioritise relationships, quality and stability 

The UK’s new captive regime will place a strong emphasis on personal relationships, regulatory predictability and attracting a critical mass of high-quality captive owners, according to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). 

The regulators were speaking to Captive Intelligence in an exclusive interview for the Global Captive Podcast where they spoke publicly for the first time since its outlined its draft regulations on 14 July. 

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Short: Meet the UK’s captive regulators

Richard Cutcher
-
0
Short: Meet the UK’s captive regulators
Jonathan Miles, FCA
Anthony Brown, PRA
Shadrack Kwasa, W1M
Charlie Robinson, W1M

In episode 134 of the Global Captive Podcast, supported by the ⁠EY Global Captive Network⁠, Richard is joined by the insurance regulators currently consulting on and implementing the United Kingdom’s first captive insurance regulatory regime.

Jonathan Miles, Manager for General Insurance Policy at the Financial Conduct Authority (FCA), and Anthony Brown, Head of London Markets & Captives at the Prudential Regulation Authority (PRA), share their perspective on the journey so far and their thinking behind some of the ⁠proposed rules published in July⁠.

They discuss the bespoke captive solvency regime, why compulsory lines will be permitted on a reinsurance basis only and their hopes for success once the regulations go live next summer.

Previous episode featuring Paul Eaton and Martin Le Pelley of Artex Risk Solutions who shared their thoughts on the UK’s proposed captive regime: https://captiveintelligence.io/short-analysing-the-uks-draft-captive-rules/

Well thank you to Jonathan and Anthony for coming onto the podcast and you can hear more from the regulators at the Global Captive Congress, on 21 October, where they will be speaking further about the UK captive regime.

 23:25 – 38:00: Our latest quarterly investments update provided by ⁠W1M’s⁠ Shadrack Kwasa, Client Director of Insurance Solutions, and Investment Director Charlie Robinson, who discuss the state of the markets and what they mean for captive investment portfolios with.

More information and register for ⁠Global Captive Congress here.⁠

For the latest news, data-driven analysis and thought leadership visit ⁠Captive Intelligence⁠ and sign up to our ⁠twice-weekly newsletter⁠.

China’s captive market reaching “inflection point” – Datong International 

Luke Harrison
-
0
China’s captive market reaching “inflection point” – Datong International 

Chinese companies are increasingly turning to captives as they expand overseas and confront a more complex risk landscape, with geopolitical tensions, cyber threats, climate change and supply chain disruption creating exposures that can be difficult to place through the traditional market. 

At the same time, newer industries such as renewable energy, artificial intelligence and electric vehicles are creating emerging risks where historical loss data is limited, making captives an increasingly attractive tool for Chinese firms. 

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

BevCap Management hires David Gross as business development executive

Luke Harrison
-
0

BevCap Management, a programme manager for casualty and medical stop-loss captive insurance companies across multiple domiciles, has appointed David Gross as business development executive.

In his new role, Gross will focus on expanding the reach of the company’s Dealer Management Group (DMG) and Sharefield captive solutions across the Midwest and Western US.

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

AM Best affirms rating of Dow Chemical Company captive

Luke Harrison
-
0

AM Best has affirmed the financial strength rating of A (excellent) and the long-term issuer credit rating of “a” (excellent) of Michigan-domiciled Dorinco Reinsurance Company (Dorinco). The outlook of credit ratings is stable.

Dorinco is a single parent reinsurance captive of Liana Limited, which is ultimately a wholly owned subsidiary of the Michigan-headquartered Dow Chemical Company.

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Sedgwick launches new carrier and captive solutions business

Luke Harrison
-
0

Sedgwick has launched a new carrier and captive solutions business aimed at providing claims and operational support to insurers, captives and the managing general agent (MGA) and managing general underwriter (MGU) markets as more buyers turn towards these structures.

The new unit will be run by Jason Rogers, managing director of carrier and captive solutions at the company.

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Lockton hires Caroline Erdman as consultant

Luke Harrison
-
0

Caroline Erdman has joined Lockton as a consultant, where she brings experience in captive consulting and risk financing.

Erdman joins Lockton from Hylant where she had most recently held the role of captive consultant.

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

AM Best upgrades outlook for NextEra Energy captive to positive

Luke Harrison
-
0

AM Best has revised the outlook to positive from stable for the long-term issuer credit rating (ICR) of Cayman Islands-domiciled Palms Insurance Company (Palms), while affirming its financial strength rating (FSR) of A (excellent) and long-term ICR of “a” (excellent). The outlook for the FSR remains stable.

AM Best also affirmed the FSR of A- (excellent) and long-term ICR of “a-” (excellent) for Delaware-domiciled Palms Specialty Insurance Company and its reinsured affiliate, Sabal Specialty Insurance Company. The outlooks for these ratings remain stable.

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.
123...180Page 1 of 180