Thursday, July 3, 2025

Membership options

Home Blog Page 2

Louisiana overhauls captive legislation, lowers minimum capital requirements

Louisiana has enacted HB 635 also known as the Creating Holistic Options in Coverage for Enterprise and Self-Insurance (CHOICES) law to enhance its regulatory framework for domestic captives by creating a more favourable regulatory environment.

HB 363, enacted on 17 June, reduces the minimum capital requirement for pure captives from $500,000 to $250,000, and for association captives from $1m to $500,000.

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

AM Best affirms rating of Apogee captive

AM Best has affirmed the financial strength rating of A- (excellent) and the long-term issuer credit rating of “a-” (excellent) of Vermont-domiciled Prism Assurance. The outlook of these credit ratings is stable.

Prism is the single-parent captive of Apogee, one of the largest architectural design and construction companies in the United States.

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

A Historic Milestone: VCIA’s 40th Anniversary Conference Critical for Your Risk Management Strategy 

Francis McGill, senior director of marketing, Vermont Captive Insurance Association

As the most delightful season in Burlington arrives – summer on Lake Champlain – something else comes onto the horizon: VCIA’s Annual Conference, August 11–13th at the DoubleTree by Hilton in Burlington, Vermont. You can register here. 

The significance of reaching this 40-year benchmark cannot be overstated – it represents generations of professionals who have built, shaped, and refined the captive insurance industry into what it is today.

More importantly for today’s risk managers, it comes at a time when the captive insurance market has reached unprecedented heights, with 8,000 captives globally writing $50bn in premiums and showing no signs of slowing down. 

More than 680 insurance leaders and professionals from around the globe have booked their spots at #VCIA2025. Early bird discounts end Monday, June 30th and VCIA encourages you to secure your pass now at America’s largest captive event. 



A Can’t Miss Event—Especially for Strategic Risk Management Thinkers 

Whether you’re new to the industry or a seasoned veteran, this must-attend event offers cutting-edge education, powerful networking opportunities, and meaningful ways to grow your business. It’s a place to make lasting connections and gain insights that truly make a difference. 

Thoroughly vetted, case study focused 31 expert-led sessions will cover forward-thinking topics such as artificial intelligence, climate risk, mergers and acquisitions, and social inflation – all critical areas where captive strategies are evolving rapidly. Most sessions qualify for CPE, CRE, CLE, and ICCIE credit – but they provide more than just box-checking education.  

The educational content is developed in collaboration with industry experts who understand the day-to-day challenges facing captive insurance professionals and the strategic initiatives that drive long-term success.

With continuing involvement in specialty lines and the creation of diverse portfolios of risk rather than a monoline approach becoming the industry standard, these sessions deliver practical, impactful lessons you can at once implement into your organisation’s risk management strategy. 

In an industry where data and analytics capabilities are key enablers for modern captive operations, and where the captive market is expected to remain robust well beyond 2025, risk managers who skip this gathering risk falling behind their more proactive peers.

The captive insurance industry isn’t just growing—it’s evolving rapidly, with new applications in ESG initiatives, artificial intelligence integration, and sophisticated risk management strategies becoming standard practice. You will find all the leading practitioners at VCIA. 

VCIA: An Accessible and Innovative Captive Community for All 

Want to meet the future of captive insurance? You will at VCIA, with 75 industry exhibitors, leading experts, members of the Vermont regulatory team, and fellow executives from across the captive insurance community.  

The VCIA’s 40th conference anniversary recognizes the tremendous growth and evolution of both VCIA and the captive insurance industry over the past four decades, acknowledging the pioneers who built the foundation we stand on today while looking ahead to the innovations and opportunities that will define the next 40 years. 

This will be celebrated throughout the event but will be brought to the forefront at the special Anniversary Gala, along with a Hotel Vermont off-site party and exhibitor reception.

These special events provide additional opportunities for networking, relationship building, and celebrating the remarkable achievements of the captive insurance community.

VCIA would be remiss not to mention the closing educational session, moderated by Captive Intelligence’s very own Richard Cutcher and featuring a top leader from Aon, CEO of Global Regions and North America, Lori Goltermann in “Navigating the Current State and Anticipating the Future of Insurance.” 

Vermont’s unique position as the leading captive domicile in the United States brings an unparalleled level of expertise, regulatory insight, and industry knowledge to this gathering.

The state’s progressive approach to captive regulation, combined with its business-friendly environment, creates the perfect backdrop for meaningful industry discussions and relationship building that can transform your organisation’s risk management strategy. 

Solid ROI and Smart Actionable Ideas for You to Take Home  

The investment in attending this conference pays dividends that extend far beyond the couple of days in Burlington.

The knowledge gained, relationships forged, and insights developed create lasting value that influences business decisions, career trajectories, and industry advancement for months and years to come.

With 8,000 captives globally and $50bn in premiums at stake, the connections and insights you’ll gain here aren’t just valuable – they’re essential for staying competitive in tomorrow’s risk management landscape. 

Grab your calendars, because VCIA is making this event like no other.

The combination of milestone celebration, prescient education, unparalleled networking opportunities, and the unique Vermont setting creates an experience that transcends the typical industry conference.

For risk managers serious about their careers and their organisations’ success, this 40th anniversary celebration represents not just an opportunity – but a strategic imperative. 

Bermuda maintains captive reputation amid growing competition

Bermuda continues to uphold its long-standing reputation as a premier captive domicile amid an evolving domicile landscape, according to senior figures speaking to Captive Intelligence at this year’s Bermuda Captive Conference. 

Known as the original captive domicile, the Island has had to contend with ever-growing competition from emerging domiciles – first onshore in the United States with almost every state wanting to join the captive party, and now from Europe as industrial nations start welcoming formalised self-insurance vehicles. 

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

GCP#123: At the Bermuda Captive Conference 2025

0
Seadna Kirwan, Aon Bermuda
Michelle Sivinayson, Marsh Captive Solutions
Brian McNamara, Allianz Commercial
Pierrick Livet, KPMG
Timae Flood, BMA
Andy Jeckells, I-RE

In episode 123 of the Global Captive Podcast, supportedby the ⁠EY Global Captive Network⁠, Senior Reporter Luke Harrison reports from the Bermuda Captive Conference that took place in June 2025.

Luke interviews local captive experts including Seadna Kirwan, Managing Director at Aon Bermuda and this year’s conference chair, Marsh Captive Solutions’ Michelle Sivinayson and Tanya Korff, David Gibbons at PwC Bermuda, Timae Flood, of the BMA, Allianz Commercial’s Brian McNamara and Andy Jeckells, at I-Re.

Guests discuss why Bermuda continues to be a premier captive domicile despite increasing competition worldwide, themes from this year’s conference and plans for 2026.

For the latest global captive news, data-driven analysis and thought leadership visit ⁠Captive Intelligence⁠ and sign up to out ⁠twice-weekly newsletter⁠.

831(b) Institute and coalition submit letter calling for repeal of IRS regs  

The 831(b) Institute, along with more than two dozen organisations representing small businesses, captives, banks, and taxpayer advocates, have submitted a letter to the US Treasury and the Internal Revenue Service calling for the immediate repeal of the recently finalised regulations targeting micro captives. 

Micro captives are captive insurers that take the 831(b) tax election in the United States, which permits them to only be taxed on their investment income. To qualify for the election, the captive must be writing no more than $2.85m in net written premiums. 

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Captive Spotlight: WOWS PCC to provide high-value US homes with property cover    


  • Each cell capacity to range from $1bn to $3bn 
  • WOWS starting with 100 California homes but plans to expand to nine
  • Minimum of 1,000 metres between homes in each cell 

The WOWS Insurance Services PCC has been formed to provide full homeowners cover, including wildfire risk for high-value homeowners in California that are struggling to get sufficient coverage following a series of costly events. 

The protected cell company (PCC) is domiciled in Nevada, managed by Hylant, and according to Ci DataHub was formed in 2024. 

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

GCP#122: VCIA 2025 Conference Preview

0
Kevin Mead, VCIA
Ryan Gadapee,

In episode 122 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard previews the 2025 VCIA annual conference with VCIA CEO Kevin Mead, and Ryan Gadapee, this year’s conference chair.

The VCIA conference is celebrating its 40th year from 11-13 August at the Hilton DoubleTree in Burlington.

The deadline for early bird conference rate is June 30 and you need to have a conference ticket to have access to the VCIA block of hotel rooms.  Register at VCIA.com.

VCIA seeking new president following Kevin Mead departure 

The Vermont Captive Insurance Association (VCIA) is seeking an experienced individual with strong leadership and managerial skills to take on the role of president of the Association. 

The president reports directly to the board of directors and is responsible for leading the Association in all its efforts to fulfil VCIA’s mission to its members. 

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.

Bruce Molnar settles with IRS, pays penalties for 831(b) promotion

Bruce Molnar, co-founder and majority owner of Alta Holdings, LLC , U.S. Risk Associates Insurance Company Limited, and Newport Re, Inc, has reached a settlement with the Internal Revenue Service.

The settlement concerns Molnar’s activities in promoting micro captive arrangements from 2005 to 2012. He will pay penalties under I.R.C. § 6700.

Subscribe to Ci Premium to continue reading
Captive Intelligence provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in the captive insurance market.