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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.

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.

GuideFire to help firms increase “strategic value” from existing captives 

GuideFire will initially be focused on helping companies enhance the strategic value of their existing captives according to Jesse Olsen, founder of Kansas City-based GuideFire.

Jireh Risk Advisors and SRS partner to launch Strata ILS 

Jireh Risk Advisors and Strategic Risk Solutions have partnered to launch Strata ILS, a Special Purpose Insurer (SPI) licensed by the Bermuda Monetary Authority.

Judge rules Tyson Foods’ captive can sue reinsurer over Alabama fire payout in England 

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.

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LATEST PODCASTSLogo

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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