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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.
GCP Short: Regaining control of renewal season
In this GCP Short, produced in collaboration with Friends of the Podcast Spring Consulting Group, Richard is joined by Peter Johnson, Senior Actuarial Consultant, and Prabal Lakhanpal, Vice President, to discuss how captives can provide a greater degree of control during renewals.
The trio discuss some of the drivers of the hard market, whether we may see some rates soften, the benefits of different captive structures and the importance of taking a long term view.
GCP #48: Adriana Scherzinger, Rene Martinez Flores and Julian Avila on Latin American captives
In episode 48 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard examines the Latin American captive insurance market and is joined by guest co-host Adriana Scherzinger, Head of International Program Business and Commercial Insurance in Latin America, for Zurich Insurance Company.
The captive owner interview is with Rene Martinez Flores, Global Director of Insurance & Risk Management for Mexico’s building materials giant CEMEX, while Julián Ávila, Practice Leader for Aon Captive & Insurance Management in Latin America, also joins.
GCP Short: Self-procurement taxes – how, what and why?
In this GCP Short, produced in collaboration with Friends of the Podcast EY, we explore exactly what is going on with self-procurement taxes in the United States right now.
Joining Richard to shed some light on recent developments in Washington State, Minnesota and New Jersey, as well as providing valuable background and analysis on the bigger picture countrywide is Tim Mahon, a Partner in the EY indirect tax practice, and Conor McKenzie, a Senior Manager in the indirect tax practice.
LCSWMA launches captive in response to hardening market
Lancaster County Solid Waste Management Authority (LCSWMA) formed a Vermont captive earlier this year as it needed to think “outside of the box” to achieve better stability, capacity and pricing.
Market hardening around 2017, particularly in the power generation market, was one of the main reasons why the Pennsylvania-based Authority decided to launch its captive.
CFO Dan Youngs said in an exclusive interview with GCP that “it became evident that we had to think outside of the box for a longer-term solution”.
He added: “We needed to create a solution that gave better control, that allowed for direct communication with underwriters to really showcase our best-in-class safety and operating standards.”
Youngs said he felt the organisation was “undervalued” by the commercial market considering its “near stellar” track record and loss history.
He said that the pure captive quickly became the solution to these challenges and that it allows LCSWMA to manage its coverage and sub-limits more closely.
The CFO believed that there’s more scope for like-minded organisations to set up their own captives and potentially work with LCSWMA on their insurance programmes in the future.
“I think that’s something we’re looking to do and reaching out to others,” Youngs said. “When you look at complex engineered risks…there is a very active interest in captive formations.”
GCP Short: A waste disposal captive and new formations in Vermont
In this GCP Short, produced in collaboration with Friends of the Podcast the State of Vermont, Richard is joined by Sandy Bigglestone, Director of Captive Insurance at the State, and others to discuss the recent surge in formation activity.
Dan Youngs, CFO at Lancaster County Solid Waste Management Authority (LCSWMA), explains why they formed a captive earlier this year. Sustainable Assurance Company actually became the 1,200th captive licensed by Vermont in its 40 year history as a domicile.
Steve McElhiney, of Artex, expands upon what made LCSWMA an ideal case for a new pure captive and the wider trends driving new formations.
GCP #47: Stuart Herbet, Nigel Jones and Juliet Kwek
In episode 47 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Stuart Herbert, Practice Leader for Marsh Captive Solutions in Asia Pacific, for an episode focused on the region.
Stuart discusses the obstacles in the way of captive utilisation, the recent surge in new formations and captive enquiries, and the premier domiciles in the region.
The captive owner interview is with Nigel Jones, Insurance Manager at Australian freight and rail company Aurizon, and Juliet Kwek, Regional Director for MAXIS Global Benefits Network, discusses employee benefits trends in the region.
GCP Short: Insuring the uninsurable
In this GCP Short, produced with Friends of the Podcast RISCS, Richard is joined by Oliver Schofield, Founder and Managing Partner of RISCS, and Glenn Ellis, a risk and insurance professional with more than 30 years of captive experience.
The trio discuss what the term ‘uninsurable’ means, how captives can such problematic areas and how to bring regulators and the reinsurance market along with you.
GCP #46: Pete Kranz, Carl Leeman and Steven Beeghly
Season three of the Global Captive Podcast, supported by legacy specialists R&Q, kicks off with Pete Kranz, Captive Practice Leader at Beecher Carlson, joining Richard Cutcher as guest co-host.
Pete discusses the impact of the pandemic and hardening market on existing and new captive business over the past 12 months, as well as providing his views on the impact Washington State’s new premium tax on captives may have.
The captive owner interview sees a return for Carl Leeman, Chief Risk Officer of Katoen Natie, who reacts to the news several large European countries are considering introducing a new captive framework, the potential changes to Solvency II and how his own captive has responded to the hard market and pandemic.
Steven Beeghly, a Seattle-based corporate and regulatory insurance attorney, helps us make sense of the developments and new legislation coming out of Washington State.
Captives stepping up to the plate in harsh market conditions
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Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.