Global Captive Podcast

In episode 115 of the Global Captive Podcast, supported by the EY Global Captive Network, Luke brings a report from the FERMA Forum 2024, held in Madrid in October. 01.03 - 03.21: Stephen Cross and Chris Sutton, at McGill & Partners, discuss captive trends in Europe and reinsurance strategies. 04.07 - 09.30: Enrico Guarnerio, CEO of Strategica Group and president of SRS Italy, explains the latest developments in Italy and the potential of the domicile should the government and regulator create a bespoke captive regulatory regime. 09.47 - 14.28: Laurent Nihoul, chair of FERMA's captive initiative and group head of insurance at ArcelorMittal, gives his opinion on the domicile proliferation trend in Europe. 14.45 - 19.43: Maurizio Castelli, CEO or Augustas Risk and former FERMA president, discusses the global risk challenges facing organisations and the growing role for captives and alternative risk transfer. For the latest news, analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Short, produced in partnership with Hylant Global Captive Solutions, welcomes Anne Marie Towle, CEO of Global Risk & Captive Solutions at Hylant, and Tony Schmidt, President of Pacific Risk Solutions, LLC in Hawaii.  Tony and Anne Marie discuss the strategic partnership between the two firms, how they work together in Hawaii and development of the Japanese captive market. For more information on Hylant Global Captive Solutions, visit its Friend of the Podcast page here. For the latest news, insight and thought leadership on the global captive insurance industry, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In episode #114 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard brings the latest on the UK captive consultation hosting a discussion between Chris Lay, CEO of Marsh McLennan UK, Airmic CEO Julia Graham and Caroline Wagstaff, CEO of the London Market Group. Chris, Caroline and Julia discuss the positions of Airmic, Marsh and the LMG, the next steps and how they are planning to respond to the consultation. We also have the latest London & Capital quarterly investments update with Shadrack Kwasa and Jack Smith analysing an eventful few months and what it means for captive portfilios. Link to our Captive Intelligence long read with extensive commentary on the key questions in the UK consultation: https://captiveintelligence.io/direct-writing-compulsory-lines-pccs-uk-market-prepares-for-key-consultation/ UK captive consultation document: https://www.gov.uk/government/consultations/captive-insurance?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=cea3af92-ff86-475e-878d-e6a9ff4dfb65&utm_content=immediately For the latest news, analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Short, produced in partnership with Zurich Commercial Insurance, is focused on captive developments in Spain. Captive Intelligence Senior Reporter Luke Harrison is joined by Adriana Scherzinger, Group Head of Captives at Zurich Commercial Insurance,  Anna-Marie Jarvis, Head of Commercial Insurance at Zurich Spain, and recently new captive owner Mario Ramirez, Risk & Assets Manager at Exolum. Mario is also Vice President of Spanish risk management association AGERS, and a board member at FERMA. Adriana, Anna-Marie and Mario discuss captive appetite and interest among Spanish companies, and broader trends across Europe, as well as the likelihood and potential for Spain to follow France and Italy in emerging as the continent’s next captive domicile. For more information on Zurich's captive services, visit their website. For the latest news, analysis and thought leadership from the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with the Hawaii Captive Insurance Council, as Richard attended the HCIC Forum from 14 - 17 October. What follows is an exclusive captive owner discussion with three HCIC board members – David Beyer, director of risk management at Alaska Airlines and the current chair of HCIC, Elaine Ziemba, CRO and SVP for Stanford Medicine, and Matt Reece, CFO of Webcor, which has owned a captive in Hawaii for more than 20 years. David, Elaine and Matt tell listeners about their organisations, how they utilise their captives, why they chose Hawaii and reflections on the HCIC Forum. For more information on HCIC, visit its Friend of the Podcast page. For the latest news, analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Shot, produced in partnership with MAXIS Global Benefits Network, features Nicola Fordham, Chief Solutions Officer at MAXIS, and her colleague Dr Leena Johns, Chief Health & Wellness Officer at the Network. One of the benefits we often discuss regarding reinsuring EB through a captive is the availability of claims data, but what exactly can be done with it? The Network has been tracking and analysing extensive claims data and is preparing a MAXIS 2025 White paper on cancer claims. In this discussion Dr Johns discusses some of the findings from this research and, alongside Nicola explains how this data can be used by captive owners to feed into underwriting decisions and tailor responses through wellness initiatives, preventative measures and treatment options. For the latest news, analysis and thought leadership on the global captive market, make sure you are visiting ⁠Captive Intelligence⁠ and signed up to our ⁠twice-weekly newsletter⁠.

In episode 113 of the Global Captive Podcast, supported by the EY Global Captive Network, Luke shares a report from his recent visit to Singapore and Kuala Lumpur, where he attended the Asian Captive Conference 2024. 01:18 - 09:09: Steve Tunstall and Kelvin Wu from the recently launched Captive Insurance Association Singapore (CIAS) discuss the ams of the association and their priorities for captive owners in the domicile. 09:40 - 12:33: Kelvin and Steve, as well as Marsh's Lawrence Bird and WTW's Joyce Chau, discuss the prospect of introducing protected cell companies (PCCs) to Singapore and whether they would be well utilised. 12:54 - 17:21: Praveen Trivedi, Executive Director at India's International Financial Services Centres Authority, discusses captive developments in India. 17:52 - 22.02: A variety of conversations from the Asia Captive Conference 2024, featuring Annie Undikai, Managing Director of Brighton International Management, Marsh's Lawrence Bird, WTW's Joyce Chau and Steve Tunstall. For the latest news, analysis and thought leadership on the global captive market, make sure you are visiting Captive Intelligence and signed up to our twice-weekly newsletter.

In episode 112 of the Global Captive Podcast, supported by the ⁠EY Global Captive Network⁠, Richard had the pleasure of visiting Abu Dhabi, in the United Arab Emirates, to moderate a couple of panels at Aon’s Captive Masterclass in the city and speak to a range of stakeholders and captive owners in the region. Richard recorded several interviews with new guests to shed light on a relatively new, but ambitious domicile with bags of potential, especially serving as a captive home for large state-owned and private corporates in the region. Richard recorded couple interviews with new guests to shed light on a relatively new, but ambitious domicile with bags of potential, especially serving as a captive home for large state-owned and private corporates in the region. 01.16 - 09.40: David Barker, Director of Supervision at ADGM's Financial Services Regulatory Authority, outlines the regulatory environment for captives in Abu Dhabi. 10.22 - 18.44: Toby Shore, Senior Director within Group Treasury at Emirates Global Aluminium, explains his approach to captive utilisation and his experience of Abu Dhabi as a captive domicile. 19.18 - 24.27: Aon's David Hogg, Regional Managing Director of Captive and Insurance Management at EMEA, Karl De Giovanni, Director of Client Solutions, and Costain Nikisi, General Manager in the Middle East for Aon Captive & Insurance Management, discuss Aon's focus on the region and the potential they see for further captive growth. For the latest news, analysis and though leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Short, produced in partnership with AXA XL, focuses on the energy transition, the insurance challenges concerned and the role for captives to support their parents. Richard is joined by Owen Williams, Global Program and Captives Regional Director for the UK at AXA XL, and Vicky Roberts-Mills, Global Head of Energy Transition at the insurer, in an engaging 14 minute discussion. They discuss what the energy transition is, the challenges it is presenting, and the role captives and alternative risk transfer can play in supporting insureds in building suitable and effective insurance programmes. For more information on AXA XL and its captive services, visit its Friend of the Podcast page on Captive Intelligence.

In GCP #111, supported by the EY Global Captive Network, Richard is joined by Tibor Boettcher, Executive Director and Chief Executive Officer (CEO) of Volkswagen Insurance Company DAC, domiciled in Dublin, Ireland. Tibor has a long history with the Volkswagen group, but has been in the captive role since January 2023. Over the course of a 20 minute discussion, Tibor explains the role of the Volkswagen captive, its position in various risk financing progammes, why they recently moved from two to one captive and his experience of Ireland as a captive domicile. For the latest news, analysis and thought leadership on the global captive insurance market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Short, produced in partnership with HDI Global, checks in with the HDI Global team to find out how their expansion into the UK and US captive fronting markets is progressing. Oliver Davies, recently promoted to chief distribution officer for the UK & Ireland, tells us about HDI’s captive growth plans on this side of the pond and what parts of the market they are targeting. Jason Tyng, vice president of US captive solutions group at HDI, updates listeners about the latest growth and next steps for the industrial insurer in the United States. For more information on HDI Global and its captive offering around the world, visit its Friend of the Podcast page on the Captive Intelligence website.

In episode 110 of the Global Captive Podcast, supported by the EY Global Captive Network, Senior Reporter Luke Harrison brings a series of interviews from the Vermont Captive Insurance Associaton (VCIA) conference that was held in Burlington, Vermont in August. 01.11 - 16.48: Christine Brown, Director of Captive Insurance at the Vermont Department of Financial Regulation, discusses the latest activity in the State and at the department. 17.13 - 24.45: Colin Donovan, president of STICO Mutual Insurance Company, RRG, provides an update on activities and objectives at the risk retention group. 25.14 - 31.09: Luke shares brief catch ups with Hylant’s Claire Richardson, John James and Scott Mildrum of Performa, Ian Davis at M&T Bank, EY’s Mikhail Raybshteyn, Karen Hsi, of the Univesity of California, and Brown & Brown’s Mat Robinson. For the latest news, analysis and thought leadership on the global captive insurance market, visit Captive Intelligence and sign up to our twice weekly newsletter.

This GCP Short, produced in partnership with MAXIS Global Benefits Network, is all about the importance of collaboration between HR and risk and insurance teams when implementing a captive employee benefits programme. Over 25 minutes, Richard is joined by Lauren Kelly, Regional Manager for the Central Zone in the United States with MAXIS, and Dany Mathieu, Senior Vice President and North American Leader for Captive EB Services at Aon. Lauren and Dany explain the stages of EB captive implementation and roles played by risk, insurance and HR colleagues at the insured, how those relationships can work well and the importance of aligned priorities and understanding to achieve a successful outcome for all stakeholders and employees. For the latest news, analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice weekly newsletter.

In episode 109 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard visits the offices of Spring Insure in Guernsey. Spring Insure is a managing general agent focused on the offshore financial centre market and specialising in D&O. CEO Nigel Brand and board member Malcolm Cutts-Watson discuss the current attitude and approach towards D&O insurance by captive boards, and particularly in relation to independent non-executive directors (iNEDS). To get the latest news, analysis and thought leadership on the global captive market, make sure you are visiting Captive Intelligence and signed up to our twice weekly newsletter.

This GCP Short, produced in partnership with Spring Consulting Group, is all about a groundbreaking transaction of pension risk to a US captive. Captive Intelligence reported in July that the US Department of Labor had tentatively authorised an ERISA exemption for the New York-based Memorial Sloan Kettering Cancer Centre (MSKCC), concerning a pension risk transfer to its Vermont-domiciled captive. The client, MSKCC, worked closely with Spring Consulting on this transaction and application to the DoL, and so Richard caught up with Spring’s Karin Landry and Prabal Lakhanpal to discuss pension risk transfer to captives more broadly, how they work and whether we might see more activity in this area. For the latest news, analyis and thought leadership on the global captive captive market, visit Captive Intelligence and sign up to our twice weekly newsletter.

In this GCP Short, produced in partnership with Marsh Captive Solutions, we hear about the formation of a new cell captive programme for the Sacramento Municipal Utility District, known as SMUD, from Sacramento, California. Richard is joined by Anna Marie Will, insurance program manager for SMUD, and Allan Smith, client service leader at Marsh Captive Solutions. Anna Marie explains the insurance challenge SMUD faced, and why and how they opted for a cell captive solution. Allan outlines the process that was gone through and why Marsh’s Mangrove ReadyCell facility in Washington DC was an effective solutions for SMUD. For the latest news, analysis and thought leadership from the global captive market, visit Captive Intelligence and sign up to our twice weekly newsletter.

In episode 108 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard shares an in depth interview with Stellantis Insurance CEO Edouard de Lamarzelle on his 24 years at the motor insurer. In the second half, Richard is also joined by Damian Cocking, head of sales at Flagstone International, to discuss the cash management platform’s interest in and platform for the captive insurance market. 01.52 - 29.43: Edouard originally joined PSA Group (now Stellantis) in 2000 as Global Head of Insurance, but after establishing PSA Insurance became its CEO.  He announced earlier this month he would be leaving Stellantis after 24 years. Ed shares his journey building and growing Stellantis Insurance and its role today within the wider group. It is not your typical captive interview, since Stellantis Insurance only writes the insurance for its auto customers and not the group’s own risks, and Ed explains the rationale behind this decision. 30.17 - 41.15: Damian Cocking, head of sales at Flagstone International, shares with us his background in finance and captives and explains why Flagstone is interested in the captive market. For the latest news, analysis and thought leadership on the global captive market visit Captive Intelligence and sign up to our twice weekly newsletter.

In episode 107 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard brings insight from FERMA on the recent Solvency II reforms that should bring some regulatory relief to EU-domiciled captives from 2026. He is also joined by the London & Capital team for the latest quarterly investments update and its relevance for captives. 02.10 - 32.56: Charles Low, Head of EU Affairs at the Federation of European Risk Management Associations (FERMA), and Laurent Nihoul, Head of FERMA’s Captive Committee, discuss the process and timeline behind the Solvency II reforms, what they mean for captives and some of the tangible benefits they could bring. 33.36 - 43.56: London & Capital's Shadrack Kwasa, executive director, and investment director Nicholas Denbow, provide a quarterly investment update and what the current environment means for captives. For those following GCP and Captive Intelligence on LinkedIn and subscribed to our twice-weekly newsletter, you will have heard that Nick Morgan, will be joining us as Commercial Director. While Richard will unfortunately miss the VCIA annual conference next month due to his upcoming nuptials, Nick and our Senior Reporter Luke Harrison will be in Burlington flying the flag for GCP and Captive Intelligence, so please do seek them out.

In this GCP Short, produced in partnership with Zurich Global Employee Benefits Solutions (ZGEBS), Richard is joined by Chris Mason, Director of Customer & Distribution Manager for the UK and APAC at ZGEBS, Sander Brentjes, Global Benefits Consultant at Aon, and Jenny Woods, Group Claims Relationship Manager at Zurich Corporate Risk. The group discusses what is involved in EB claims management, who is responsible for the various processes and the advantages and value a pro-active approach to claims management can bring. For the latest news, analysis and thought leadership on the global captive insurance industry, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In episode 106 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard sits down with Stephen Cross, Group COO & Head of Innovation & Strategy at broker McGill & Partners. Stephen has a long background working with the largest complex accounts, particularly those with captives, and worked for International Risk Management Group in the 1990s. He was then an influential leader within Aon when it bought IRMG at the turn of the century. Stephen and Richard discuss his career, observations of how the captive market has evolved, the independent versus broker-owned manager debate and what McGill's role with captives is today and what it could be in the future. For the latest news, analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to out twice-weekly newsletter here.