Global Captive Podcast

In episode 134 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by the insurance regulators currently consulting on and implementing the United Kingdom's first captive insurance regulatory regime.Jonathan Miles, Manager for General Insurance Policy at the Financial Conduct Authority (FCA), and Anthony Brown, Head of London Markets & Captives at the Prudential Regulation Authority (PRA), share their perspective on the journey so far and their thinking behind some of the proposed rules published in July.They discuss the bespoke captive solvency regime, why compulsory lines will be permitted on a reinsurance basis only and their hopes for success once the regulations go live next summer.Previous episode featuring Paul Eaton and Martin Le Pelley of Artex Risk Solutions who shared their thoughts on the UK's proposed captive regime: https://captiveintelligence.io/short-analysing-the-uks-draft-captive-rules/Well thank you to Jonathan and Anthony for coming onto the podcastand you can hear more from the regulators at the Global Captive Congress, on 21October, where they will be speaking further about the UK captive regime. 23:25 - 38:00: Our latest quarterly investments update provided by W1M's Shadrack Kwasa, Client Director of Insurance Solutions, and Investment Director Charlie Robinson, who discuss the state of the markets and what they mean for captive investment portfolios with.More information and register for Global Captive Congress here.For the latest news, data-driven analysis and thought leadership visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Short, produced in partnership with AXA XL, is focused on alternative risk transfer and structured solutions.Joining Richard for a 20-minute conversation is Joe Filby, a Senior Underwriter within Structured Risk Solutions at AXA XL in the UK and Lloyd’s, and James Donald, Partner and Head of Alternative Risk Solutions & Analytics at Lockton.Joe and James discuss the relevance and value of structured solutions during volatile market cycles, the long-term mindset that is required and the work that goes into implementing one of these structures.For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and subscribe to the twice-weekly newsletter.

In this GCP Short, produced in partnership with MAXIS Global Benefits Network, we explore findings from the network's latest whitepaper on GLP-1s, often known as weight-loss drugs.Dr Leena Johns, chief health & wellness officer at MAXIS GBN and author of the whitepaper, joins Richard to discuss the evolving demand and understanding of GLP-1s and why captives are perfectly suited to support employer's in implementing a global GLP-1 strategy.Read the full whitepaper here.More information and register for Global Benefits Congress, in London, on 22 October, here.

In this GCP Short, produced in partnership with Brown &Brown, Richard is joined by Mat Robinson, Senior Managing Director and Captive Operations Leader, and Matt Gravelin, Managing Director in Consulting at Brown & Brown, to discuss how organisations can hone their captive strategy and achieve strong internal buy-in from across the group.Recorded at the VCIA annual conference, the trio explain what is involved in a captive strategic review, what parent companies are ultimately looking for from their captive and the value of socialising the captive internally.For more information on Brown & Brown's captive services, visit their website.For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up for the twice-weekly newsletter.

In this GCP Short, produced in partnership with Artex, we take a closer look at the draft proposals for a new and bespoke captive insurance regime in the United Kingdom.The UK has been on a long journey over the past four years and its now crunch time after the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) published its draft rules and supervisory guidelines on 14 July.  A consultation runs until 14 October and all industry participants are encouraged to participate.Joining Richard for this discussion is Paul Eaton, CEO of Artex EMEA, and Martin Le Pelley, Head of Risk & Compliance.Paul and Martin cover a range of the regulatory proposals (below), discuss where it should be competitive and what areas may require further work to make it appealing.Solvency regime and capital requirementsLines of business permissions and restrictionsThe inclusion of owner-controlled insurance programmes (OCIPs)Authorisation process and timelinesOngoing supervision & reportingRe-domiciliation and incentivisationThe potential addition of Protected Cell Companies (PCCs)Read the PRA draft captive rules and consultation documents here.Read the FCA draft captive rules and consultation documents here.