GCP Short: The importance of risk distribution and risk shifting

Podcasts

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May 3, 2020

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.

GCP #27: Farah Jaafar-Crossby, Franck Baron and Mark Cook

Podcasts

Richard Cutcher

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April 12, 2020

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In Episode 27 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Farah Jaafar-Crossby, Chief Executive Officer, Labuan International Business and Financial Centre, Malaysia.

Farah discusses how the Labuan regulator has had to respond to the coronavirus pandemic, growth in the captive domicile in 2019 and the Asian captive market.

The captive owner interview is with Franck Baron, Group Deputy Director Risk Management & Insurance at International SOS, and Chairman of PARIMA, Asia’s risk and insurance management association. Franck highlights how International SOS has had to respond to COVID-19 and how its captive has been utilised in a hardening market, as well as explaining why captives are still struggling to become mainstream in the region.

There is also a short highlight from the latest COVID-19 special episode of the Global Captive Podcast, featuring Willis Towers Watson’s Mark Cook on how the pandemic is affecting international employee benefits programmes.

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

GCP Short: Parametric insurance and captives

Podcasts

Richard Cutcher

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April 5, 2020

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In our third GCP Short, Richard gets into parametric insurance and their applicability to captive insurers with Friend of the Podcast for 2020, AXA XL.

Owen Williams, Global Programme and Captive Regional Director for UK & Nordics at AXA XL, and Isa Ennadifi, Senior Underwriter at AXA Climate, discuss parametric case studies, how captives can participate and the different structures that are possible.

For more information on AXA Climate and AXA XL’s parametric services, visit: www.climate.axa/

GCP #26: Brady Young, Shruti Vyas, Joe Holohan and Peter Halprin

Podcasts

Richard Cutcher

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March 29, 2020

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Joseph Holahan, Morris, Manning & Martin

In Episode 26 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Brady Young, President & CEO of Strategic Risk Solutions, to discuss the Covid-19 impact on captive insurance, broker consolidation and the SRS growth plans in Europe.

The captive owner interview is with Shruti Vyas, Insurance Specialist and Captive Manager at SES Satellites, while there is also a clip from our first Covid-19 special episode featuring Joseph Holahan, of Morris, Manning & Martin, LLP, and Peter Halprin, Partner at Pasich LLP.

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

GCP Short: Diversifying your captive with employee benefits

Podcasts

Richard Cutcher

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March 23, 2020

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The latest GCP Short is the first podcast we have recorded entirely remotely as we all come to terms with the Covid-19 pandemic and its impact on travel and our collective need to work from home.

In this episode we discuss Diversifying your captive with employee benefits and I am joined by three expert speakers:

Matthias Helmbold, Head of Technical & Services, MAXIS Global Benefits Network

Barry Perkins, Placement Leader, Global Benefits, Mercer Marsh Benefits

Matthew Latham, Head of Global Programmes and Captives, AXA XL

MAXIS Global Benefits Network, a Friend of the Podcast for 2020, works in partnership with multinational clients to deliver the solutions they need to help them care for their people while meeting the strategic goals of their business.

The global network built on local expertise, with nearly 140 local member insurers in over 120 markets worldwide, MAXIS GBN was founded in 2016, and is backed to this day, by two of the world’s largest and most trusted insurers: MetLife and AXA.

GCP #25: Charles Winter, Ange Chitate, Malvern Chirume and Erin Hackett

Podcasts

Richard Cutcher

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March 15, 2020

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Ange Chitate, African Risk Capacity (ARC) Insurance Company Limited

Malvern Chirume. African Risk Capacity (ARC) Insurance Company Limited

In episode 25 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard welcomes Charles Winter, Head of Risk Finance & COO at Aon Global Risk Consulting in the United Kingdom.

The captive owner interview is with Ange Chitate, COO and Interim CEO of African Risk Capacity (ARC) Insurance Company Limited, and Malvern Chirume, Chief Underwriting Officer at ARC Insurance Company Limited.

The third interview is with Erin Hackett, Senior Audit Manager at Crowe, who talks Richard through the role of third-party auditors with captives and their importance as regulatory scrutiny of captives is increased.

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

GCP Short: Creative uses of captives in a changing market

Podcasts

Richard Cutcher

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March 8, 2020

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In the first GCP Short of 2020, Richard is joined by three expert captive professionals to discuss how risk and insurance professionals can get creative with their captives in a challenging insurance market.

Our three guests are:

Oliver Schofield, Managing Partner at RISCS.

Damian McNamara, Consultant & Adviser for Captives, ILS and MGAs. at RISCS.

Glenn Ellis, a Consultant to RISCS. Glenn is a former risk and insurance manager at BT, as well as previously holding roles at Zurich and most recently AIG.

RISCS, a Friend of the Podcast, provides a wide range of captive consultancy services including Captive Feasibility & Formation, Captive Reinsurance Programme Design and Insurance Product Ideation & Creation.

GCP #24: The South African captive market

Podcasts

Richard Cutcher

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March 1, 2020

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The Global Captive Podcast, supported by legacy specialists R&Q, returns for the second season with an in depth look at the South African captive insurance market.

Recorded from Johannesburg, Richard is joined by guest co-host Matthew Bezuidenhout, Head of Risk Finance and Captive Solutions at Marsh & McLennan Companies in South Africa, to discuss the state of the insurance market in the country, the corporate approach to captive solutions and the prevalence of cell captives.

The captive owner interview is with Gert Cruywagen, Director of Risk at hospitality giant Tsogo Sun Group, which owns a sophisticated captive domiciled in the Isle of Man. Gert is also the current President of the International Federation of Risk and Insurance Management Associations (IFRIMA).

The third interview is with Ernie van der Vyver, Corporate Insurance Partner at Clyde & Co. Ernie is an expert in cell company law and regulation in South Africa and outlines how the structures are utilised by corporates and intermediaries.