GCP Short: Social inflation and insuring the new normal

Podcasts

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September 20, 2020

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In this GCP Short, produced in collaboration with Friends of the Podcast EY, we discuss the concept of social inflation and what it means for insurance and the role of captives.

John Ferrara and Jim Bulkowski, both Senior Managers for Insurance & Actuarial Advisory Services at EY, explain what social inflation is and how it is changing the type of coverage of organisations are looking to purchase or self fund. Mikhail Raybshteyn, Partner at Co-Leader of EY Americas Captive Insurance Services, outlines the tax considerations of these new types of programmes.

GCP #38: Zach Finn, Tracy Hassett on edHEALTH and Thomas Keist

Podcasts

Richard Cutcher

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September 13, 2020

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Thomas Keist, Swiss Re Corporate Solutions

In episode 38 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Zach Finn, Clinical Professor & Director of the Davey Risk Management & Insurance Program at Butler University, Tracy Hassett, President of Vermont group captive edHEALTH, and Thomas Keist, Global Captive Solutions Leader at Swiss Re Corporate Solutions.

Zach shares his views on whether pandemics are insurable or not, the role of the federal government in future solutions and shares the latest on Butler’s student run captive insurance company in Bermuda.

Tracy tells listeners all about the formation and growth of edHEALTH, which insures medical stop-loss for educational institutions across the United States.

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

GCP Short: Restructuring a captive’s investment portfolio

Podcasts

Richard Cutcher

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September 6, 2020

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In this GCP Short, in collaboration with London & Capital, Richard and guests discuss how to restructure a captive’s investment portfolio.

The speakers are Chris Dalziel and Shadrack Kwasa, both Executive Directors at London & Capital, and Malcolm Cutts-Watson, Founder and Managing Director of Cutts-Watson Consulting, based in Guernsey.

The trio discuss how the investment environment has changed over the last five years, impact sustainability and CSR trends are having strategies, how captives can transition away from a loan to parent or cash-based strategy and the role of the board and good governance in overseeing money management.

GCP #37: Derek Bridgeman and Andrew Baillie

Podcasts

Richard Cutcher

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August 30, 2020

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In episode 37 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Derek Bridgeman, a Managing Director at Strategic Risk Solutions and Risk Consulting Practice Leader for SRS Europe.

Derek explains the captive manager’s latest hires in Luxembourg, Dublin and Malta and their plans for a captive management operation i Guernsey. He also discusses interest in new captive formations in Europe and what captive owners are doing to review their existing operations.

The captive owner interview is with Andrew Baillie, Program Director for Global Insurance at AES Corporation, a Fortune 500 utilities company with a pure captive in Vermont.

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

GCP Short: Medical stop loss and captives

Podcasts

Richard Cutcher

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August 23, 2020

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Art Koritzinsky, Marsh Captive Solutions

This GCP Short, produced in collaboration with Friends of the Podcast Marsh Captive Solutions, explores the topic of Medical Stop-Loss and captives in the US market.

Richard is joined by Art Koritzinsky, Managing Director within Marsh Captive Solutions, and Daniel Davey, Stop Loss Specialty Practice Leader for Mercer in the US, to discuss the state of the medical stop-loss market, how single parent and group captive programmes are being structured for this coverage and why there is increasing interest from large and mid-size companies.

GCP #36: Laurent Nihoul, Mary Ellen Moriarty, and Ventiv’s Angus Rhodes and David Thomas

Podcasts

Richard Cutcher

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August 16, 2020

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In episode 36 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Laurent Nihoul, Group Head of Insurance at steel and mining giant ArcelorMittal. Laurent is also FERMA board member and takes the lead on many of their captive projects.

Laurent discusses ArcelorMittal’s insurance and captive strategy, and FERMA’s latest activities regarding Solvency II and the OECD’s BESP initiatives.

There is also a captive owner interview with Mary Ellen Moriarty, Vice President for Property & Casualty at EIIA in Chicago. EIIA owns an association captive and RRG in Vermont.

In the second half of the episode Angus Rhodes, Global Product Manager, and David Thomas, Director at Ventiv Technology, discuss how analytics and data can increasingly be used to the insurance buyers advantage.

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

GCP Short: How to work effectively with your regulator

Podcasts

Richard Cutcher

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August 9, 2020

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In our latest GCP Short, in collaboration with the State of Vermont, three expert speakers discuss how to work effectively with your captive regulator and the benefits it brings.

Richard is joined by:

David Provost, Deputy Commissioner for Captive Insurance at the State of Vermont’s Department of Financial Regulation.

Heather McClure, Chief Risk Officer at OU Medicine, the academic health system affiliated with the University of Oklahoma, And the chief legal officer of its captive insuring the physicians and hospital entities.

Deyna Feng, Director of Captive Programmes at Fortune 500 engine giants Cummins.

To learn more about the State of Vermont and hear previous episodes featuring Dave Provost and his colleagues, visit their GCP page.

GCP #35: Ward Ching and VCIA preview with Colin Donavan and Scott Mildrum

Podcasts

Richard Cutcher

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August 2, 2020

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Colin Donovan, STICO Mutual Insurance RRG

In episode 35 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard’s guest co-host is Ward Ching, Managing Director for Global Risk Consulting in the Western Region for Aon.

Ward discusses his concept Next Gen Risk Financing and why he believes a fundamental change is needed in the way risk is traded. Captives, of course, will play a central role.

Richard also welcomes Colin Donovan, President of STICO Mutual Insurance Risk Retention Group, and Scott Mildrum, Economic & Macro Strategist at Performa. Richard, Colin and Scott will be presenting a panel on The Economic Landscape and Your Captive Investment Portfolio at the VCIA annual conference on the 11th August and they provide a short preview.

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

GCP Short: Global motor fleet safety and captive financing

Podcasts

Richard Cutcher

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July 29, 2020

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David Cliff, Global Road Safety
Partnership

In this bonus GCP Short, Richard and an expert team of speakers discuss the growing safety challenges concerning global motor fleets and how a captive can help encourage a cultural shift in risk management.

The diverse panel discuss the state of the motor insurance market, the concerning trends in motor safety, how to encourage greater fleet risk management and why a captive can play a central role.

In the following order, Richard is joined by:

Lisa Willenegger, Head of Casualty Commercial Insurance at Zurich Insurance Company

David Cliff, CEO of the Global Road Safety Partnership

Andrew Bradley, former risk manager at Nestle

Jim Noble, Senior Vice President – Risk Engineering at eDriving

Paul Wöhrmann, Head of Captive Services for Europe, Middle-East, Africa, Asia Pacific and Latin America at Zurich

GCP Short: The how, what and why of cell captives

Podcasts

Richard Cutcher

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July 26, 2020

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Joseph Holahan, Morris, Manning
& Martin

In this GCP Short, produced in collaboration with Friends of the Podcast Morris, Manning and Martin LLP, Richard is joined by Joe Holahan, an attorney with Morris, Manning and Martin, and Pete Kranz, Captive Practice Leader at Beecher Carlson.

The trio discuss the different types of cell captives, why and by who they are utilised, how they are managed, good governance, and the important legal considerations concerning the segregation of assets and liabilities.