Monday, February 26, 2024

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GCP #52: Cannabis captives with Mike Parrish, DNA Genetics and NCRMA

Mike Parrish, Marsh
Josh Hamlin, DNA Genetics
Rocco Petrilli, NCRMA

In episode 52 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard explores the growing world of captive insurance for businesses involved in the legalised cannabis industry.

A complex legal environment for the sector, especially in the United States, has made insurance hard to come by and captives are now being formed by businesses desperate for coverage.

Richard is joined by Mike Parrish, Senior Vice President and Client Services Leader at Marsh Management Services Bermuda, who has been involved with two cannabis captives formed in the jurisdiction.

We have a captive owner interview with Josh Hamlin, Chief Legal Officer at DNA Genetics, which formed a captive in Bermuda earlier this year.

And Rocco Petrilli, Chairman of the National Cannabis Risk Management Association (NCRMA), also joined to discuss why the association formed a captive for its members in 2020.