Howden has ventured into the captive market with the acquisition of Guernsey-based ARM Group Holdings (ARM), the parent of Alternative Risk Management, an independent European insurance manager and a specialist in the formation and management of captives.
As the popularity, complexity and sophistication of captives continues to increase, the importance of independent non-executive directors (iNEDs) is further emphasised.
The use of alternative risk financing methods such as self-insured retentions and captives to write professional indemnity increased in popularity as a result of the recent hard market.
The corporate governance requirements for captive boards is only increasing and it has been questioned why more domiciles do not require independent non-executive directors (iNEDs).
AM Best has affirmed the financial strength ratings of ‘A-’ (excellent) and the long-term issuer credit ratings of “a-” (excellent) of Guernsey-domiciled Jupiter Insurance Limited, and Vermont-domiciled Saturn Insurance Inc.
The International Federation of Red Cross and Red Crescent Societies (IFRC), in collaboration with Aon, Lloyd’s Disaster Risk Facility and the Centre for Disaster Protection, is launching a disaster response fund.
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Richard is joined by Shadrack Kwasa, executive director at London & Capital, and Adele Gale, Deputy Managing Director of Robus Group in Guernsey, to discuss onboarding and implementing a new investment strategy for your captive.
Richard brings news of the latest chapter in Butler University's student run captive insurance company as it completes its domicile move from Bermuda to Vermont.
Richard is joined by Chris Lay, William-Thomas Ferrand and Matthew Latham to discuss Marsh's position on a potential UK captive regime and what factors can make it successful.