Saturday, February 8, 2025

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Luke Harrison

Airmic makes case for UK regime fit for “growing ambition of captives”

Airmic, the UK’s risk and insurance management association, has submitted its response to the Government’s consultation on whether to establish a regulatory regime for captives.

Connecticut licences nine new captives, 17 cells in 2024 

The Connecticut Insurance Department (CID) licensed nine new captive insurers in 2024, marking a 17% increase compared to the previous year.

Softening market for cannabis, but captives remain popular  

While the commercial insurance market is beginning to soften for businesses in the legalised cannabis sector, captives continue to provide a popular option for risks that remain challenging such as liability and property.

Willis appoints Derrick Easton as global head of ART 

Willis has appointed Derrick Easton as its new global head of alternative risk transfer (ART) and head of Western Europe for risk and analytics. 

Garnet’s group captive proposition reaching “wider audience” with SRS 

JJ Purdy, president of Philadelphia-based Garnet Captive Insurance Services, said its group captive offering is now reaching a “wider audience” since its acquisition by Strategic Risk Solutions.

Eni completes captive re-domestication, with new ratings assigned 

AM Best has assigned a financial strength rating of ‘A’ (excellent) and a long-term issuer credit rating of “a” (excellent) to Itay-domiciled Eni Insurance S.p.A. (EIS). The outlook assigned for the ratings is stable.

More decentralised companies reinsuring EB into captives 

There is a growing number of companies, particularly in Europe, with a decentralised structure successfully reinsuring employee benefits in captives, according to Aaron Brown, regional director for business development in EMEA at MAXIS Global Benefits Network.

HDI appoints Dan Sammons as captive manager 

HDI Global UK and Ireland has appointed Dan Sammons as captives manager with effect from 3 February 2025.

Latest Podcasts

GCP Short: Building and improving a sophisticated EB captive

Richard is joined by Matthias Helmbold, DHL’s Vice President of Global Risk Benefits, Health and Wellbeing, and Aaron Brown, Regional Director for Business Development in EMEA at MAXIS.

GCP #116: Martin Eveleigh’s ‘Exit Interview’, Q4 investments update

Richard is joined by the recently retired Martin Eveleigh to reflect on his 25 year career in captive management, and London & Capital provides an investments update.

GCP Short: Transit Insurance Group’s 20-year captive journey

Richard is joined by Barbara Rhoades, CEO of ⁠Ohio Transit Risk Pool⁠ and a board member of Transit Re, and Sandy Bigglestone, deputy commissioner of captive insurance in the State of Vermont.

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