Global Captive Podcast

In episode 126 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by CICA President Dan Towle, while Senior Reporter Luke hosts a discussion with 831(b) captive owner Drake Plastics Ltd and Dustin Carlson, President of SRA 831(b) Admin.02:11 - 14:24: CICA President Dan Towle explains why he is confident the UK can become a successful captive domicile, the Association's growing involvement in the UK and European markets and plans for the CICA International Conference, held in Palm Desert, California from March 8 - 10, 2026.Further reading from Captive Intelligence:UK has all the tools for captive success, but proportionality “key ingredient”Captives Coming Home? … What DataHub tells us about UK-owned captives16:06 - 31:40: Luke interviews Dustin Carlson, President of SRA 831(b) Admin, and Steven Quance, President of Drake Plastics Ltd, to explain how micro-captives are valuable risk financing and management tools, and why they are pushing back through the courts against what they see as regulatory overreach by the Internal Revenue Service in the United States.Further reading from Captive Intelligence:Drake Plastics files second lawsuit against IRS concerning 831(b) captivesIRS finalises 831(b) regulations, concedes on loss ratio criticismFor the latest news, data-driven analysis and thought leadership on 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 (HCIC), Richard is joined by Paul Shimomoto, Chair of the HCIC and Partner at law firmGoodsill Anderson Quinn & Stifel, and Matt Takamine, Director of HCIC and Captive Practice Leader at Brown & Brown.The trio discuss recent activity in the domicile, accelerating interest from Japan and its upcoming 40th anniversary as a domicile.Matt and Paul also explain how Hawaii continues to stand out as premier captive domicile in an increasingly competitive landscape, if momentum in Japan may be about to move up a notch and why it is important that the annual Forum in October returns to Maui this year.For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with the EY Global Captive Network, Richard discusses the shifting domicile landscape and the factors that go into choosing a jurisdiction.In a 22 minute episode, Richard is joined by Mikhail Raybshteyn, Partner and Americas Captive Insurance Servicesco-leader, Ted Clabault, Managing Director at EY, and Patrick Theriault, Managing Director at Strategic Risk Solutions.The group debates what is driving domicile selection today, how the emergence of new domiciles and so called ‘home’ options are changing the equation and where international tax initiatives such as BEPS Pillar 2 are influencing decisions.For more information on the EY Global Captive Network, visit its Friend of the Podcast page.For the latest news, data-driven analysis and thought leadership on the global captive market visit Captive Intelligence and sign up to our twice-weekly newsletter.

In episode 125 of the Global Captive Network, supported by the EY Global Captive Network, Richard is joined by Joe Peiser, Global CEO of Aon Commercial Risk.Richard met Joe at the VCIA annual conference in Burlington, Vermont in August where they also spoke on the closing keynote panel together.Joe shares his perspective on the captive market, its importance to Aon and where he sees it going in the future.For the latest news, data-driven analysis and thought leadership on the global captive market visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with HDI Global, and we discuss international programmes and the important role captives play in facilitating them.For multinational companies, it is common for a captive to play a role in the layers of an international programme, utilising one or more fronting partners to bring consistency across many, sometimes hundreds, of territories.Richard is joined by Jelto Borgmann, Head of Captive Services at HDI Global, and Kerstin Kader, Head of HGN Technical Accounting and Intercompany, at the German multinational insurer.Jelto and Kerstin discuss why international programmes are relevant for captives, how to overcome challenges and complexity such as currency fluctuations and premium transfer, and the importance of getting compliance right in every territory.For all the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with Guy Carpenter, Richard takes a closer look at the surge in group captive business in the United States.Naturally on GCP we do tend to focus more on pure captives and even captive cell utilisation, but the growth in group captives, particularly in the United States, has been huge in recent year.The US market brings large groups of mid market or smaller companies together to insure an increasing range of lines such as workers’ comp, auto, property and various liability coverages, and is opening up the captive concept to a huge pool of insureds.Richard is joined by Rob Collins, Captive Segment Leader and Managing Director at Guy Carpenter, and Linda Johnson, Executive Vice President and Chief Underwriting Officer at Old Republic Risk Management.Our two guests provide services to group captives across the US, and they share their views on why we are seeing such growth in this area, what is driving some of the new trends, and how to tackle certain challenges such as fronting, legacy management and reinsurance.For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with Zurich Insurance, a panel of leading captive experts recreate theirpopular session at RISKWORLD 2025 to debate and discuss why property programmes continue to be such a popular addition to captive insurance companies.Adriana Scherzinger, Global Head of Captives at Zurich, Ian Ascher, Executive Director for Global Risk Management at captive owner Jones Lang LaSalle, Sandy Bigglestone, Deputy Commissioner for Captive Insurance at the State of Vermont, and Michael Serricchio, US & Canada Regional Leader at Marsh Captive Solutions, explain how property risk is commonly structured in a captive, the drivers in both hard and soft market cycles, and the importance of definining the group’s risk appetite for such coverage.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 124 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by a host of guests to share reaction and analysis of the news that the UK will be implementing a "bespoke" and "competitive" captive insurance regime by 2027.04.06 - 13.53: Airmic CEO Julia Graham assesses the tone and ambition of the Treasury's announcement, and explains what role Airmic has to play in the next phase of regulation design and implementation.14.33 - 26.00: Marsh's William Thomas-Ferrand, Nick Gale and Rob Geraghty explain why they are buoyed by the announcement, what they hope to see in the final regulations and the extent of interest from prospective captive owners and existing captives.26.38 - 33.30: David Hogg explains why Aon will be moving quick to establish a captive management company in the UK and why the UK could be an appealing destination for captives.33.54 - 37.55: Esme Gould, of Zurich Insurance Company, shares why the insurer is excited about developments and the potential opening up of the existing PCC regime to captive business.UK Captive reads from Captive Intelligence:Captives Coming Home? … What DataHub tells us about UK-owned captivesUK has all the tools for captive success, but proportionality “key ingredient”Airmic to push for proportional, risk-based UK captive regimeAon plans UK captive management company, demand expectedFor the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with the EY Global Captive Network, Richard is joined by London-based Stephen Massey, Senior Manager in EMEIA for Financial Services (Insurance) Tax - Transfer Pricing at Ernst & Young LLP, to discuss how the international tax treatment of captives has changed over the years.Stephen and Richard also discuss the global tax environment for captives in the context of the UK likely becoming a captive domicile in the very near future.Stephen explains some of the reasons why a UK companymoving its captive 'home' may be advantageous from a tax simplification and compliance standpoint, in some cases.The UK Chancellor is expected to confirm the introduction of a UK captive regime in her Mansion House speech on 15 July, which should then prompt the Bank of England and PRA to get on with designing the regulatory framework to hopefully be ready for launch by early 2026 or sooner.As ever we will be following this story closely on Captive Intelligence so do make sure you are visiting our website and signed up to our twice-weekly newsletter.The views expressed in this podcast are those of the individual and do not represent Ernst & Young LLP. The content is intended for general information only and is not being provided as tax advice – instead, listeners should contact their usual professional advisors for specific advice.

In this GCP Short, produced in partnership with Aon, we focus on the what, why and how of structured reinsurance, ART and parametric solutions for captives.Richard is joined in a 20 minute conversation with London-based Guy Malyon, Strategic Broking Director at Aon in EMEAfor Complex Placements and ART, and Luc Schwartzbrod, of Aon Global Risk Consulting in France.Guy and Luc discuss why captive owners are increasingly interested in exploring multi-year reinsurance strategies, how parametric programmes can be supported by a captive’s involvement and how these solutions are being put together.For the latest news, thought leadership and data-driven analysis on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter. 

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 Shayna 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.

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 Over the 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.For the latest news, thought leadership and data-driven analysis on the global captive market, visit ⁠Captive Intelligence⁠and sign up to our ⁠twice-weekly newsletter⁠.

In this GCP Short, produced in partnership with Marsh CaptiveSolutions, we take a look at what the largest insurance manager in the world’s annual benchmarking data tells us about the captive landscape in 2024.Rob Geraghty, International Sales and Consulting Leader, and Julie Patel, Americas Captive Consulting Leader at Marsh Captive Solutions, outline what areas they saw most captive growth in 2024, both in gross written premium and new formations, and spotlight specific sectors that appear to be particularly embracing captives right now.For more information on Marsh Captive Solutions, visit itsFriend of the Podcast page on Captive Intelligence.For the latest news, thought leadership and data-driven analysis on the global captive market, visit Captive Intelligenceand sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with AXA XL, Richard is joined by three leaders in the Asia Pacific captive market to discuss activity and trends in Australia, Hong Kong, China and South East Asia.Evelyn Pang, AXA XL's Multinational Solutions & Captive Manager in Asia, shares an update on exciting movements in Hong Kong and China, as well as latest developments in Singapore and South East Asia.Stephen Nguyen, AXA XL's Head of Distribution, Marketing & Communications in Australia, discusses how the mature local market is utilising captives further.Shiwei Jin, AXA XL's Head of Multinational Solutions for APAC &Europe, explains what trends she is seeing on the multinational side and, in particular, some factors driving more activity in Japan.For the latest news, data-driven 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 Aon, is focused on utilising captives for pensions strategies.Over the next 20 minutes or I am joined by Mike Pickard, director of global ILS and commercial management at Aon, and Alex Skinner, associate partner in Aon's Corporate Consulting Practice and head of pension captive solutions.While using captives and incorporated cells to de-riskor execute pension longevity swaps has been a fairly well trodden path over the past 20 years, it has never really gone mainstream.  And there are, of course, lots of different waysfor captives to interact with and support company pension schemes.Mike and Alex explain a strategy very much back on the table for large corporates, but Mike starts us off by providing some context as to how we have seen captives used in this space before.For all the latest news, analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with Jeometri Insurance Managers, Richard is joined by Darren Wadley, founder and executive director, and Aaron Slattery, client services director, begin a discussion on cell and captive utilisation for commercial brokers and entrepreneurs.Jeometri is an independent insurance manager in Guernsey, that was acquired by Alpha Growth Plc last year.Darren and Aaron explain how a proposed new cell company, currently pending regulatory approval, should help to bring more innovation and captive strategies to the commercial market.For more information on Jeometri, visit its website.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 this GCP Short, produced in partnership with London & Capital, we take a closer look at the volatile international trade war kicked off since President Donald Trump was inaugurated for his second term and the considerations for captives and their investment strategies.In a 30 minute discussion, I am joined by Chris Dalziel, executive director, and James Mee, co-head of multi-asset strategies, to provide analysis of the knock-on effects of the tariff back-and-forth to date, balancing the long and short-term priorities for captive investment portfolios, and why an active investment strategy can be effective in a volatile environment such as this.As reported on Captive Intelligence in March, longtime Friends of the Podcast London & Capital will be ⁠rebrandedas W1M⁠ in June after its merger with Waverton Investment Management last year.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 this GCP Short, produced in partnership with Brown & Brown, Luke hosts a discussion with Marc Bentley, head of global risk finance at IHG Plc, which owns a sophisticated multi-linecaptive in Vermont, and Mat Robinson, senior managing director and captive operations leader at Brown & Brown.Making his third appearance on the Global Captive Podcast, Marc discusses the history of IHG’s captive structure including why they consolidated from multiple captives down to the one existing entity in Vermont, as well as the group’s overall captive strategy and approach to insurable risks.Mat explains the role of the captive manager in working with a mature captive, such as IHG’s.This interview was recorded at the VCIA conference in Burlington, Vermont in August 2024 with our senior reporter Luke Harrison hosting. Marc Bentley also appeared on GCP in October 2023 discussing employee benefits. Listen here.His first appearance on GCP was in October 2020 when he discussed financing retained risk. Listen here.For more information on Brown & Brown and its captive services, 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.

In this GCP Short, produced in partnership with AXA XL, we hear about a groundbreaking insurance programme putin place by the Swiss Federal Railways, known as SBB.Robert Eigenheer, Head of Corporate Finance at the Swiss Federal Railways, explains the company’s approach to sustainability and how it uses its captive and insurance programmes to incentivise the business units to meet the group’s objectives.We are also joined by Marine Charbonnier, Head of Underwriting for Captives and Facultatives in Europe and APAC at AXAL, one of the insurers supporting the innovative sustainability-linked insurance programme.Marine explains how AXA XL is seeing and working with clients on utilising their captives to support sustainability initiatives.For more information on AXA XL and its captive services, visit its Friend of the Podcast page.Robert's five step guide explaining the concepts and advantages of the sustainability-linked insurance programme.For the latest global news, analysis and thought leadership visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with Hylant Global Captive Solutions, Richard is joined by Marc Victor, Managing Attorney for the Attorneys for Freedom Law Firm, and Anne Marie Towle, CEO of Hylant Global Risk and Captive Solutions, to discuss a recent Risk Retention Group formed by the Attorneys on Retainer Association.Marc explains the unique insurance challenge faced by his firm, their clients and the Association in the area of firearms and self-defense, and why a RRG was the right captive structure. For more information on Hylant and its captive services, visit its Friend of the Podcast page.