An England & Wales High Court Judge has ruled that Tyson International Company, Ltd (TICL), a pure captive owned by Tyson Foods Inc, can pursue litigation against reinsurer GIC for payouts following a fire that occurred at one of its Alabama food plants on.
Environmental liability is among several liability lines where captives are particularly well positioned to provide parent companies with a strong alternative to the traditional insurance market.
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.
Richard is joined by Mikhail Raybshteyn, Americas Captive Insurance Services Co-Leader at EY, and Vittorio Zaniboni, Captive & Insurance Excellence Leader for EY in Luxembourg to reflect on captive activity in 2024, and what to expect in 2025.