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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.
GCP #57: Ciaran Healy on Aon’s Green Captive and Tracey Skinner
In episode 57 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Ciaran Healy, Director of Client Solutions at Aon Captive & Insurance Managers.
Richard and Ciaran dive in to Aon’s Green Captive concept that was exclusively revealed in the third edition of GCP Insights magazine (link below). Ciaran explains how the Green Captive has been designed to support corporates on their own ESG betterment journeys and support organisations in financing risk related ESG risks.
Ciaran also discusses Aon’s 2021 Captive Benchmarking Survey and domicile trends in Europe.
This episode also includes a short clip from a recent Airmic Talks episode where Tracey Skinner, Group Insurance Director for the BT Group, discusses how ESG performance is increasingly entering their renewal discussions with commercial (re)insurers.
GCP#56: Jason Flaxbeard and Patrick Smith
In episode 56 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Friend of the Podcast Jason Flaxbeard, of Beecher Carlson, in the guest co-host chair.
Jason discusses volatility and tail management and how captives are increasingly interested in accepting frequency risk, retaining some severity risk and transferring as much towards the tail as possible. He also addresses the benefits for captives in taking on genuine third party insurance business.
We are also joined by Patrick Smith, executive director of Tribe Advisory, who provides an outsourced insurance management function to several businesses in the sharing and micro-mobility economic. Richard and Patrick discuss the future use of captives in this sector.
GCP Short: Guernsey’s ESG Framework for Insurers
In this GCP Short, produced in collaboration with We Are Guernsey and the Guernsey International Insurance Association (GIIA), Richard is joined by GIIA’s Chair Mark Elliott and Deputy Chair Adele Gale to discuss the jurisdiction’s pioneering ESG Framework for Insurers.
Mark and Adele will talk us through why the framework was built, how it can be used and what ESG means for the captive insurers.
You can read more about the ESG Framework for Insurers and accreditation scheme here.
GCP Short: Captives for the US middle market
In this GCP Short, produced in collaboration with Friends of the Podcast Beecher Carlson, Richard addresses the boom in captive formations within America’s middle market, the different types of company structures found there and how it can impact the tax treatment and utilisation of captives in those groups.
​The two expert speakers are Pete Kranz, executive managing director and captive practice leader at Beecher Carlson, and Dan Kusaila, tax partner at Crowe.
GCP #55: London’s captive domicile ambitions with Sean McGovern
In episode 55 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Sean McGovern, CEO for the UK & Lloyd’s at AXA XL, who speaks in his capacity as a board member of the London Market Group with responsibility for the business environment including government relations.
In June 2021, the LMG published a five point plan asking for relevant regulatory and legislative changes in the UK insurance market, including plans to make London a captive domicile.
Sean discusses these plans in more detail and what advantages he thinks London would provide as a domicile.
Read the LMG’s five point plan here: lmg.london/
We also feature short clips from four interviews with new captive owners from the past 18 months. Links to the full episodes are below:
For more episodes and to subscribe to the Global Captive Podcast see:
GCP Short: ESG investment strategies for captives
In this GCP Short, produced in collaboration with Friends of the Podcast London & Capital, we explore ESG (Environmental, Social, and Corporate Governance) and how captives’ investment strategies can be tailored to meet their parent’s ESG objectives.
Dipan Roy, London & Capital’s Deputy Chief Investment Officer, and GCP regulars Shadrack Kwasa and Chris Dalziel expertly talk us through this topic – what an ESG investment policy looks like, how it applies to captives and where it can be aligned with the captive parent.Â
GCP Explainer: IRS vs Delaware Department of Insurance
In this GCP Explainer episode, Richard is joined by a panel of experts to explain the 16 July decision by a United States District Court in Delaware that went against the Delaware Department of Insurance and for the Internal Revenue Service, concerning the release of client-specific documents previously requested by the Service.
Mikhail Raybshteyn, Partner and Co-Leader of EY’s Captive Insurance Services, Ben Whitehouse, Senior Counsel at Butler Snow LLP, and Cassie Bachman, Managing Director of Operations and Legal at Elevate Risk Solutions, discuss the reasons why the IRS prevailed on this occasion, what happens next and the potential wider ramifications for captive owners, advisors and regulators in the United States.
To read the full order by Magistrate Judge Christopher J. Burke, click here.
GCP #54: Dan Towle, Kevin Steed and investments update with London & Capital
In episode 54 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by CICA President Dan Towle to discuss their planned Fall Forum for October 10-13, in Tuscon, Arizona. Dan also reflects on the new Washington State self-procurement tax and the return of micro-captives to the IRS’ Dirty Dozen list of tax scams.
We have a very insightful captive owner interview with Kevin Steed, Director of Group Insurance at AstraZeneca, who tells us about the long and varied history of the pharmaceutical giant’s captive strategy and how it is utilised today.
The latest quarterly investments update is provided by Friends of the Podcast London & Capital, with Shadrack Kwasa and Rabbani Wahhab concentrating on macroeconomics and inflation.
For more episodes and to subscribe to the Global Captive Podcast see:
GCP Short: Managing claims for captive legacy portfolios
In this GCP Short, produced in collaboration with Friends of the Podcast and legacy specialists R&Q, Richard is joined by Mark Hoehn, Claims Manager within the Insurance Services Division at R&Q, and David Landrum, Vice President – National Construction & Program Business Practice Leader, at Broadspire Services, a Crawford Company.
The trio discuss the management of claims for captive legacy portfolios, explaining who ultimately bears responsibility and control after a sale or transfer, some best practices to follow and in what circumstances the original captive parent may still provide some input.Â