Wednesday, January 22, 2025

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“Significant opportunities” for captives in Africa – ASR’s Bheenick 

There is substantial opportunity for captives to play a bigger role on the African continent according to Krishna Bheenick, managing director at Africa Specialty Risk (ASR).

Jaguar Land Rover launches Guernsey captive for motor policies

Jaguar Land Rover formed a pure captive in Guernsey last year, and has begun reinsuring customer motor policies in the United Kingdom.

Exolum, TDK among 7 new Luxembourg captives in 2024 

Luxembourg licensed seven new reinsurance companies in 2024, while five surrendered their licences, taking its year-end total to 197.

Cayman licences 11 captives in Q4 

The Cayman Islands Monetary Authority (CIMA) issued 12 new international insurer licenses in the fourth quarter of 2024, including three B(i)s licences, eight B(iii)s, and one Class C. 

Japan’s TDK forms Luxembourg captive

Japanese multinational TDK Corporation has formed a reinsurance captive in Luxembourg, managed by Strategic Risk Solutions.

John Rowson joins ARM Guernsey as new business director

Experienced insurance manager John Rowson has joined Alternative Risk Management as new business director.

831(b) market prepares for extended fight against latest IRS regulations

Despite the Internal Revenue Service making some concessions in its long-awaited final version of 831(b) regulations, particularly in relation to loss ratio thresholds, industry commentators believe it continues to target micro captives unfairly, with one legal challenge already filed.

DoL confirms ERISA exemption for New York-based cancer centre

The US Department of Labor (DoL) has issued a notice of Employee Retirement Income Security Act (ERISA) exemption for New York-based Memorial Sloan Kettering Cancer Center (MSKCC), regarding a pension risk transfer to its captive.

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LATEST PODCASTSLogo

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.

GCP Short: Preparing for the 2025 captive landscape

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.

GCP #115: FERMA Forum 2024, Italian developments and new domiciles

In episode 115 of the Global Captive Podcast, supported by the EY Global Captive...

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