Monday, February 26, 2024

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Search results: PSI

PSI only the start of ESG journey for International SOS captive

Becoming a signatory of the United Nations’ Principles for Sustainable Insurance (PSI) should only be the start of the captive journey in contributing to the group’s ESG objectives, according to Franck Baron, group deputy director of risk management and insurance at International SOS.

International SOS captive signs up to UN’s PSI

Singapore-domiciled Odeon Insurance Re Pte Ltd is the first Asian captive to become a signatory of the United Nations Principles for Sustainable Insurance.

More captives to sign up to the UN’s PSI – Ciaran Healy

Aon’s Ciaran Healy is confident more captives will sign up to the United Nations’ Principles for Sustainable Insurance (PSI) with Enel Insurance a “proof of concept” that others should be able to follow.

Enel’s captive PSI signatory is “finishing touch” for sustainability focus

Antonio Nervini, Head of Insurance in the Netherlands at Enel Insurance N.V., is hoping that other captives follow the Italian multinational's lead in signing up to the United Nations’ Principles for Sustainable Insurance (PSI).

Enel forms first Italian captive, more expected to follow

Italy has licensed its first reinsurance captive for Enel S.p.A., and Captive Intelligence understands further re-domestications are expected to follow.

Captive owners can be ESG insurance pioneers

Captives have an opportunity to drive innovation in ESG and insurance, according to Maria Arana, ESG leader Europe at Marsh, and Lorraine Stack, international sales and consulting leader at Marsh Captive Solutions.

Captives can play “crucial role” in absorbing parametric basis risk

Captives could be key to taking parametric insurance more mainstream with large corporates by playing a “crucial role” in absorbing the basis risk of the policy and providing direct indemnification the insured parent, according to Thomas Keist and Jan Bachmann at Swiss Re Corporate Solutions.

Slow uptake, but parametric products can be “perfect fit for captives”

Parametric products are the “perfect fit” for a captive due to their direct access to internal company data, while the policy’s automatic pay-out function also lends well to captive utilisation.

GCP #88: Brian McNamara, Franck Baron and Pierrick Livet at RISKWORLD 2023

Richard brings listeners three more interviews conducted at RISKWORLD 2023. Brian McNamara at AGCS, IFRIMA president Franck Baron and Pierrick Livet, at KPMG Bermuda.

Labuan, Singapore add eight new captives in 2022

The number of captives domiciled in Labuan at the end of 2022 was 67, while the total number of captives in Singapore at the end of 2022 was 82.

Latest Podcasts

GCP Short: Implementing a new captive investment strategy

Richard is joined by Shadrack Kwasa, executive director at London & Capital, and Adele Gale, Deputy Managing Director of Robus Group in Guernsey, to discuss onboarding and implementing a new investment strategy for your captive.

GCP Short: Butler re-domesticates student run captive to Vermont

Richard brings news of the latest chapter in Butler University's student run captive insurance company as it completes its domicile move from Bermuda to Vermont.

GCP Short: What would make a successful UK captive domicile?

Richard is joined by Chris Lay, William-Thomas Ferrand and Matthew Latham to discuss Marsh's position on a potential UK captive regime and what factors can make it successful.