GCP #67: Theresa Severson, London & Capital investments update and Jiten Halai

Podcasts

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June 22, 2022

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In episode 67 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Theresa Severson, Vice President of Insurance & Risk Management at Kite Realty Group in the US. Theresa discusses how she has reviewed and restructured the company’s captive strategy after a recent merger at parent level.

We also have a quarterly investments update from Chris Dalziel and Roger Jones, at Friends of the Podcast London & Capital.

In the second half of the episode, Jiten Halai, Head of Structured Risk Solutions in the UK at AXA XL, joins to discuss alternative risk transfer options for cyber coverage.

GCP Short: How to choose a captive domicile

Podcasts

Richard Cutcher

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June 12, 2022

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In this GCP Short, produced in partnership with the Captive Insurance Companies Association (CICA), Richard is joined by three experienced captive consultants to debate how to choose a captive domicile.

Jason Flaxbeard, of Brown & Brown, Anne Marie Towle, from Hylant, and Gary Osborne, from Risk Partners, discuss what factors go into choosing a domicile for your captive, when that debate should take place, how some of the priorities have changed and the impact of new regulations and legislation.

GCP Short: Establishing a European captive

Podcasts

Richard Cutcher

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June 6, 2022

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In this GCP Short, produced in collaboration with AXA XL, we discuss how companies go about establishing a captive in Europe.

Richard is joined by Marine Charbonnier, Global Programmes and Captives Regional Director for Europe at AXA XL, and making his first appearance on the podcast, Maxime Schons, Managing Director for Europe in Finance & Compliance at Strategic Risk Solutions.

Marine and Max provide an update on European formation activity, the process of establishing a captive, the different players and roles and expectations.

GCP Short: Enhancing employee benefits with a captive programme

Podcasts

Richard Cutcher

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May 22, 2022

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In this GCP Short, produced in collaboration with MAXIS Global Benefits Network, Richard is joined by Aaron Brown, Regional Manager for UK & Ireland at MAXIS, and Sven Roelandt, Global Leader for EB Captive Services at Aon.

Aaron and Sven discuss how companies are improving benefits for their employees by using the captive, the new coverages being enabled and the keys to success in implementation. Sven also outlines and compares the alternative EB structures that do not involve a captive.

GCP Short: A UK cell in Labuan

Podcasts

Richard Cutcher

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May 15, 2022

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In this GCP Short, produced in partnership with Labuan IBFC, Richard and guests discuss one of 2021’s formations in the South East Asia ‘mid shore’ jurisdiction.

Oliver Schofield, Managing Partner at RISCS, an independent captive and alternative risk transfer consultancy, and his client Daniel Landen, CEO of Protected Trust Services (PTS), explain why PTS established a cell in Labuan last year.

They discuss the rationale for the captive, the domicile selection process and the experience of formation.

GCP Short: Insurtech opportunities for captives

Podcasts

Richard Cutcher

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May 8, 2022

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In this GCP Short, produced in collaboration with EY, Richard begins to address the coming convergence of insurtech and captives with Mikhail Raybshteyn, Partner and Americas Captive Insurance Services Co-Leader at EY, and Hong Guo, EVP & Chief Insurance Officer at insurtech Arbol.

This episode will be the first of several this year addressing the opportunities for insurtech and captives, and over 20 minutes Mike and Hong share some high level observations of the kind of activity we are already seeing, the opportunities that remain and an introduction to Arbol, itself.

GCP #66: Jonathan Reiss and Courtney Claflin

Podcasts

Luke Harrison

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May 2, 2022

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In episode 66 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Jonathan Reiss, CEO of Concert Group – a new dedicated captive fronting vehicle.

Jonathan discusses the genesis of Concert, shares his views on the broader fronting market for captives and clarifies the company’s relationship with Strategic Risk Solutions.

Our captive owner interview is with Courtney Claflin, who departed the University of California in April after seven years as their Executive Director of Captive Programs. During his time at UC, Courtney transformed their captive strategy into a valued asset and strategic tool serving one of the largest university systems in the world.

GCP Short: When to write cyber through a captive

Podcasts

Richard Cutcher

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April 24, 2022

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Michael Serricchio, Marsh Captive Solutions

In this GCP Short, produced in collaboration with Marsh Captives Solutions, Richard is joined by two experts to discuss the pros and cons or writing cyber insurance through a captive.

Payal Patel, a Senior Vice Presifent and Cyber Practice Leader for the Northeast at Marsh in America, and Mike Serricchio, Americas Sales & Advisory Leader at Marsh Captive Solutions, discuss the state of the commercial market for cyber, the different roles and options captives are providing to corporates, why using a captive for cyber is not always the answer, and the response of underwriters when captives are utilised.

GCP Short: Innovative captive utilisation in Asia Pacific

Podcasts

Richard Cutcher

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April 19, 2022

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Andre Martin, Swiss Re Corporate Solutions

In this GCP Short, produced in collaboration with Swiss Re Corporate Solutions, Richard is joined by Andre Martin, Head of Innovative Risk Solutions for APAC, to discuss captive utilisation in the Asia Pacific Region.

Richard and Andre debate whether changing market conditions have impacted the appetite for captives in the region, how a captive opens up many more risk financing options for corporates and if a boom in captive formations is just around the corner.

Belinda Fortman leaves Tennessee for return to private sector

Careers

Richard Cutcher

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April 12, 2022

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Belinda Fortman has left her position as Tennessee’s captive insurance section director just over one year after taking up the regulatory role. Fortman was appointed to lead the fast growing captive jurisdiction in June 2020 after a long and varied career in captive management. Fortman will be joining Innovative Health Holdings as the company’s executive vice president.

She said on her departure: “I leave the captive section with a broad bench of very talented captive insurance regulators and am confident they will continue to reflect the Tennessee captive section’s reputation of being service oriented and business friendly.” The Tennessee Department of Commerce and Insurance (TDCI) has struggled to find a long term captive section leader since Michael Corbett, who held the role for nine years, left in 2020.

Kevin Doherty, chairman of the Tennessee Captive Insurance Association (TCIA), said that Fortman’s “contributions to the TDCI’s captive section include expanding the team, promoting talent to leadership roles, and providing expert guidance to the TDCI to build upon Tennessee’s tradition of ‘regulating to yes.’” He added: “We welcome her continued support as she transitions back into the private sector.”