Wednesday, May 14, 2025

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LA wildfires pose personal lines opportunity for captives – Allan Smith 

Following the recent devastating wildfires in Los Angeles, the captive industry is well placed to provide an option for those large enough to self-insure to better protect against growing wildfire risks, according to Allan Smith, client service leader at Marsh Captive Solutions. 

Moody’s RMS Event Response estimates insured losses for the January 2025 Los Angeles firestorm events will range between $20bn and $30bn. 

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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.

RIMS adds ART educational sessions to RIMSWORLD conference 

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With more risk professionals considering alternative risk transfer (ART) as a means of providing their companies with insurance, RIMS has added a new alternative risk transfer education track to the RISKWORLD programme for its upcoming conference. 

This year’s RIMS is set for 4-7 May in Chicago, where seven sessions will comprise the RISKWORLD ART education track.  

The track will cover captive management, parametric solutions, sureties, limitation of liability agreements, as well as other transfer strategies.  

“Central to risk management’s success is the practitioner’s willingness to embrace the unknown and explore new strategies that can advance the organisation’s mission,” said RIMS 2025 president, Kristen Peed.  

“As a captive leader and someone who has leveraged alternative risk transfer strategies to empower organisations, this new education is an exciting new addition to the already outstanding RISKWORLD program.” 

The RISKWORLD educational programme is developed by risk professionals who volunteer on the RIMS RISKWORLD programming committee chaired by Andrew Shay. 

“RISKWORLD offers exceptional learning opportunities for risk professionals from all industries to more effectively navigate today’s volatile risk landscape,” Shay said.  

“I want to thank the volunteers who serve with me on the RISKWORLD programming committee and congratulate them on developing a comprehensive program that will, without question, support this community’s risk management journey.” 

Georgia Captive Insurance Council formed with Travis Bowden elected chairman

The Georgia Captive Insurance Council (GCIC) has been formed with former insurance regulator Travis Bowden elected as the GCIC’s first chairman of the board. 

The new Atlanta-based association is replacing the defunct Georgia Captive Insurance Association that formally dissolved in 2023. 

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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.

UK can be a “destination domicile” for captives – Caroline Wagstaff 

The United Kingdom has the potential to become a “destination domicile” for captives, according to Caroline Wagstaff, CEO of the London Market Group. 

The UK should be able to offer strong and flexible captive legislation due to its world-leading London insurance market and lack of restrictions that are automatically imposed on neighbouring domiciles in European Union and therefore subject to Solvency II. 

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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.

Africa Specialty Risk partners BOAD on West African captive feasibility 

Africa Specialty Risk (ASR) has partnered with the Banque Ouest Africaine de Développement (BOAD) to explore the potential of a captive insurance entity. 

BOAD is multilateral development bank committed to driving economic growth and poverty reduction in West Africa. 

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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.

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.

The United Kingdom’s Chancellor of the Exchequer, Rachel Reeves MP, launched the three-month consultation on November 15 and the deadline for submissions is today, 7 February.

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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.

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. 

The newly formed captives include seven pure captives, one association captive, and one sponsored captive. 

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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.

Softening market for cannabis, but captives remain popular  


  • Legalisation at federal level would lead to insurer participation 
  • Property rates continue to be higher than other industries 
  • Employee benefits captives on the radar for cannabis sector 
  • Reclassifying marijuana from Schedule I remains possible under Trump 

While the commercial insurance market is beginning to soften for businesses in the legalised cannabis sector, captives continue to provide a popular option for risks that remain challenging such as liability and property. 

Historically, some cannabis businesses were paying six or seven times more for insurance than other industries, though the pricing has started to come down in recent years. 

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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.

Willis appoints Derrick Easton as global head of ART 

Willis has appointed Derrick Easton as its new global head of alternative risk transfer (ART) and head of Western Europe for risk and analytics. 

In his dual role, Easton will focus on growing ART globally, as well as building on the risk and analytics delivery in the region. 

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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.

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. 

Garnet was founded in 2002, building group captive programmes that help employers access self-insurance, while the group captives are member-owned and operated for the benefit of those members. 

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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.