Friday, January 31, 2025

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GCP #42: Timae Flood, Al Gier, Hafi Ali and Simon Smith

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Timae Flood, Bermuda Monetary Authority
Al Gier, General Motors
Hafi Ali, Barclays Corporate Banking

In episode 42 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Timae Flood, Assistant Director of Insurance Supervision at the Bermuda Monetary Authority (BMA), to discuss 2020 formation activity in the domicile and how the pandemic has impacted operations.

There is a fascinating captive owner interview with Al Gier, Global Director of Risk Management & Insurance at General Motors. GM owns one of the oldest captives in Bermuda and Al talks us through its evolution to date, its major programmes and how he ensures good governance of the captive.

Hafi Ali, Market Director at Barclays Corporate Banking, and Simon Smith, Head of Offshore Investments (Jersey, Guernsey, Isle of Man), discuss collateral options for captives and how the needs of captive are changing.