GCP #32: Peter Carter, Jim Leimkuhler and Amplify Women

Podcasts

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June 21, 2020

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In episode 32 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by the new Head of the Willis Towers Watson Global Captive Practice, Peter Carter. Peter discusses a busy first six months at the helm and his background.

The captive owner interview is with Jim Leimkuhler, CEO of Progressive Produce in Los Angeles. Progressive Produce is a member of the Cayman-domiciled group captive Raffles Insurance and Jim explains how his organisation has benefited widely from a 16 year membership.

Richard is also joined by Amy Evans, Kara Tencellent and Sandy Bigglestone from CICA’s Amplify Women task force to discuss the initiative and its objectives and progress since its launch in 2019.

For more episodes and to subscribe to the Global Captive Podcast see:

GCP Short: Captive structures and tax – the invisible costs

Podcasts

Richard Cutcher

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June 14, 2020

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In this GCP Short, Richard is joined by Karen Jenner and Joseph Finbow, from Friends of the Podcast TMF, and Lisa Coomber, Senior Group Insurance Manager at Vodafone, to discuss captive structures and the often invisible costs that are insurance premium taxes and other levies.

This discussion should be particularly helpful to anyone involved with the design, implementation or management of global insurance programmes.

In 20 very practical minutes, the experts outline what taxes are associated with direct and non-admitted programmes, where the responsibilities for compliance lie within different structures and how it can sometimes be more efficient to run a hybrid programme of both direct writing and using fronting partners.

GCP #31: Van Carlson, Fredrik Finnman and Mike Tannenbaum

Podcasts

Richard Cutcher

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June 7, 2020

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Van Carlson, Strategic Risk Alternatives

In episode 31 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Van Carlson, CEO of Strategic Risk Alternatives in Boise, Idaho, to discuss domiciling on Indian Reservation land, COVID-19 claims and intangible risks.

The captive owner interview is with Fredrik Finnman, Head of Group Risk Management at global engineering giant Sandvik, who discusses the insurance implications of the pandemic, the regulatory environment for captives in Sweden and the hardening market.

Richard is also joined by fellow podcaster Mike Tannenbaum, a risk management recruitment specialist from Key Strategies LLC, who launched the Should I Stay or Should I Go podcast in 2019.

Mike discusses the importance of captive experience to risk & insurance managers as they look to progress their career, whether we might we saw more ‘outsourced’ risk management functions in this economic environment.

For more episodes and to subscribe to the Global Captive Podcast see:

GCP Short: Recycling captive capital

Podcasts

Richard Cutcher

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May 31, 2020

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In this GCP Short, Richard is joined by Paul Corver, Group Head of M&A at legacy specialists R&Q, and Paul Owens.

Richard and the two Pauls discuss how and why captives can recycle captive in order to offload legacy liabilities and write new lines of business, including the use of loss portfolio transfers, novations and commutations.

At the time of this recording Paul Owens had not yet joined Strategic Risk Solutions as a board director and was speaking in an independent capacity.

GCP #30: Brian Kirwan, Jen Blair and investments update

Podcasts

Richard Cutcher

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May 24, 2020

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In episode 30 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Brian Kirwan, Partner and Head of Structured Solutions at one-year-old broker McGill & Partners.

Brian, who was CEO of Allianz Global Corporate and Specialty in the UK from 2015 to 2018, and has a long background with alternative risk transfer and multi-line, multi-year programmes discusses his philosophy on captives and the role he expects them to play in an increasingly tough insurance environment.

The captive owner interview is with Jen Blair, Global Risk and Insurance Manager at Bose. The privately-owned audio giant established a Bermuda captive in 2018 and Jen discusses the company’s risk financing and captive strategy.

Chris Dalziel, Executive Director, and Michael Trudeau, Institutional Portfolio Manager at London & Capital, provide the first in a new quarterly investment update series.

For more episodes and to subscribe to the Global Captive Podcast see:

GCP Short: The evolution of captive programmes

Podcasts

Richard Cutcher

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May 17, 2020

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In our latest GCP Short, Richard is joined by Friends of the Podcast from Zurich to discuss the evolution of captive programmes and what the future may look like for risk financing structures.

The three guests for this episode are:

Andrew Bradley, formerly Head of Group Risk Services at Nestlé, where he spent 40 years, including 10 years as CEO of their Swiss-domiciled captive Intercona Re.

Sierra Signorelli, Chief Underwriting Officer, Commercial Insurance, Zurich

Paul Woehrmann, Head of Captive Services for Zurich in Europe, Middle-East, Africa, Asia Pacific and Latin America.

GCP #29: Rich Smith, Scott Feltham and Chaz Lavelle

Podcasts

Richard Cutcher

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May 10, 2020

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Chaz Lavelle, Dentons Bingham Greenebaum LLP

In episode 29 of the Global Captive Podcast, supported by legacy specialists R&Q, Rich Smith, President of the Vermont Captive Insurance Association, joins as guest co-host to update listeners on plans for a virtual VCIA conference in August and what COVID-19 legislative and regulatory developments the Association is monitoring.

The captive owner interview is with Scott Feltham, Group Insurance Manager at Compass Group PLC, a FTSE 30 company and largest foodservice provider in the world.

Chaz Lavelle, a lawyer in the Louisville, Kentucky Office of Dentons Bingham Greenebaum LLP, is the final guest. He outlines the relevance of the US Supreme Court case announced on 4 May concerning CIC Services LLC’s challenge to the Internal Revenue Service over Notice 2016-66. Chaz also discusses other controversial developments in the micro-captive space in 2020.

For more episodes and to subscribe to the Global Captive Podcast see:

GCP Short: The importance of risk distribution and risk shifting

Podcasts

Richard Cutcher

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May 3, 2020

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In the fifth GCP Short, Richard is joined by Paul Phillips and Mikhail Raybshteyn, Partners at EY, to discuss the importance of risk shifting and risk distribution when thinking about tax qualification for captives in the United States.

Paul and Mike (full biographies below) discuss the difference between risk shifting and distribution, how it can be achieved and demonstrated, the common pitfalls and the consequences when it is not executed correctly.

For more information on the EY Captive Insurance Services team, visit their website.

GCP #28: Karen Jenner, Julie Bordo and the CICA NEXTGen Committee

Podcasts

Richard Cutcher

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April 26, 2020

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Julie Bordo, PCH Mutual Insurance Company

In episode 28 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Karen Jenner, IPT Business Development Director at TMF Group. Karen discusses the pandemic’s impact on tax compliance, and the way captive programme structures impact insurance premium tax calculation.

The captive owner interview is with with Julie Bordo, President of PCH Mutual Insurance Company, a Risk Retention Group, while Richard also catches up with three members of the CICA NEXTGen Committee – Erin Hackett, Joe McDonald and Adam Miholic.

For more episodes and to subscribe to the Global Captive Podcast see:

GCP Short: Receiving DoL approval for ERISA benefits

Podcasts

Richard Cutcher

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April 19, 2020

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In the latest GCP Short, Richard talks to Karin Landry, Managing Partner of Friend of the Podcast Spring Consulting, an Alera Group Company, about the need for Department of Labor approval to write employee benefits in the United States.

Karin talks through which benefits require DoL approval, the process and requirements and the timelines involved.