Global Captive Podcast

In episode 102 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard brings two very different interviews. 01.30 - 12.50: Matthew Reddington, partner and head of the tax controversy practice at ZMF, discusses the recent jury verdict in favour of RMC Group and its CEO Raymond Ankner in a court battle with the Internal Revenue Service. 13.51 - 36.04: Loren Crannell, director and head of global risk and insurance at American e-cigarette company Juul Labs, tells me why forming a captive has been such an important enabler for the business in recent years. 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.

In episode 101 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by David Williams, Director of Risk Management & Safety at Boys Town, to discuss the Tennessee-captive formed by the not-for-profit in 2022. Richard also catches up with Michael Corbett, senior vice president at Pinnacle Financial Partners, and a non-executive director on the Boys Town captive. Corbett, Tennessee's former captive regulator, is also now president of the bank's Apex Captive Insurance Company. For the latest global captive news, analysis and thought leadership, visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Short, produced in partnership with the EY Global Captive Network and hosted Richard Cutcher, focuses on captive utilisation by Family Offices. Mikhail Raybshteyn, partner and co-leader of EY Captive Insurance Services (Americas), and Prabal Lakhanpal, senior vice president at Spring Consulting Group, share their insight into the world of family offices, their unique insurance needs and challenges and where we could expect to see a greater utilisation of captives in this space in the future. For more information on the EY Global Captive Network, visit their Friend of the Podcast page. 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.

In this GCP Short, produced in partnership with Captive Resources, Richard was delighted to welcome Nick Hentges, CEO of Captive Resources, back onto GCP for an in person catch up at the CICA International Conference in Scottsdale, Arizona, in March. Nick covered a range of issues, including how the group captives are offering higher limits, a potential expansion into property lines and his wider ambitions for the organisation, particularly in medical stop loss. For the latest news and analysis on the global captive market, visit Captive Intelligence.io and sign up to our twice-weekly newsletter.

In episode 100 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard brings the first instalments of interviews recorded at the CICA International Conference that took place in Scottsdale, Arizona from March 10-12. 02.16 - 17.12: Sandy Bigglestone, Vermont’s deputy commissioner for captive insurance, discusses the latest captive activity in the State, how 2024 has started and the proposed changes to Vermont’s captive legislation. 17.55 - 27.31: Heather McClure, general counsel and chief risk officer at Helio Risk, tells us why Helio was launched, how it is working with brokers on captive education and her broader thoughts on development of the captive industry. 28.05 - 40.35: CICA president Dan Towle provides his take on the conference, the highlights and other developments at the Association. For the latest news, thought leadership and analysis of the global captive insurance market, visit ⁠Captive Intelligence⁠ and sign up to the twice-weekly ⁠Captive Intelligence newsletter⁠.

The Global Captive Podcast, supported by the EY Global Captive Network, is live in Scottsdale, Arizona as the final session of the CICA International Conference. This episode, featuring fun and informal captive chat and trivia, was recorded in front of a live audience on Tuesday, 12 March. Our guests are: Claire Richardson, of Hylant Global Captive Solutions TJ Scherer, Spring Consulting Group Melissa Hollingsworth, Atlanta Housing Steven Bauman, AXA XL Anjanette Fowler, PNC Institutional Asset Management Matt Takamine, Brown & Brown Nick Hentges, Captive Resources For the latest news, thought leadership and analysis of the global captive insurance market, visit Captive Intelligence and sign up to the twice-weekly Captive Intelligence newsletter.

In this GCP Short, produced in partnership with London & Capital, 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. Shadrack and Adele debate the typical and variety of investment appetites amongst captive owners, why fixed income products are popular and the potential drawbacks of this approach and how to go about switching or onboarding a new strategy. For more information London & Capital, you can visit their Friend of the Podcast page.

In this GCP Short, produced in partnership with Hylant Global Captive Solutions, Richard brings news of the latest chapter in Butler University's student run captive insurance company. Butler originally formed its student run captive in Bermuda in 2017. The captive operates as a bona fide insurance company for the University, but also plays a key role in the education and practical experience offered to students on its risk management and insurance undergraduate course. In November last year, the pure captive was re-domiciled to Vermont and transformed into a cell captive as Butler prepares to collaborate with other public educational institutions. In a 25 minute discussion, Richard is joined by Dr Victor Puleo, Davey Chair of Risk Management and Insurance at the Lacy School of Business at Butler University, and Craig Caldwell, Dean at the Lacy School of Business. We also hear from Claire Richardson, a Butler alum and captive consultant at Hylant, who has worked with Butler on the re-domestication. For more information on Hylant Global Captive Solutions, visit its Friend of the Podcast page here. For more information on the Butler Student-Run Captive Insurance Company and its educational courses, click here. Sign up to the twice-weekly Captive Intelligence newsletter here.

In this GCP Short, produced in partnership with Marsh Captive Solutions, Richard is joined by Chris Lay, CEO of Marsh McLennan UK, William-Thomas Ferrand, International Captive Practice Leader at Marsh, and Matthew Latham, Alternative Risk Transfer Leader at Marsh UK. Chris, Will and Matt discuss the UK government's interest in establishing a captive regime, what it would mean for captive prospects and clients and what its unique selling proposition can be. Read the latest news on the UK's captive prospects on Captive Intelligence here. Chris, Will and Matt published a Thought Leadership on this topic here. For more information on Marsh Captive Solutions, visit its Friend of the Podcast page here.

In episode 99 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by two guests with exciting news to share and analyse. 01.24 - 09.37: Ellen Charnley, president of Marsh Captive Solutions, returns to the pod after the world’s largest captive manager launched ReadyCell earlier this month. ReadyCell utilises Marsh’s Mangrove protected cell company facility in Washington DC and promises a super fast set up time for new cell formations.  Ellen tells us how the product was developed and how they hope it will be utilised. 09.40 - 17.57: In November, we reported on Captive Intelligence that the first Italian captive had been formed. Richard interviews we Gabriele Frea, Head of Insurance and Risk Financing at Enel Group, who explains why they decided to ultimately re-domesticate from the Netherlands and the process involved. To keep up to date with developments in the global captive insurance market, visit Captive Intelligence and sign up to our twice weekly newsletter.

In this GCP Short, produced in partnership with Zurich Insurance and Zurich Global Employee Benefits Solutions (ZGEBS), we focus on social inflation, international employee benefits and the broader captive growth environment in America. Adriana Scherzinger, Head of Captives and Alternative Risk Solutions at Zurich North America, and Allen Kirsh, SVP and Head of Claims, Judicial and Legislative Affairs at Zurich North America, share with us the direction of travel for social inflation and what the commercial market is doing to mitigate its impact. They also consider the knock-on effect for captives and how they can respond. We are also joined by two leaders from ZGEBS – Arnau Vila, Head of ZGEBS, and Guy Worsey, Director of Customer & Distribution Management for the Americas, who discuss trends in international employee benefits programmes. If you would like more information on Zurich Insurance, visit its Friend of the Podcast page on the Captive Intelligence website.

In episode 98 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by three professionals working in or with insurtechs and with a particular interest in captives. 01.29 - 16.54: The first half of Richard's interview with Matthew Grant, CEO of Instech, who discusses the evolution of the insurtech world and the increasing focus on insurance buyers. 17.00 - 36.20: Richard and Cameron MacArthur, founder and CEO at A.I. Insurance Inc, discuss where captives sit in adopting technology, and the potential for AI disruption now and in the future. 36.58 - 46.54: Joshua Pyle, vice president and head of risk & captive management at Boost, discusses the wider tech opportunities for captives, but also brings us up to speed on his role and the aims of Boost. 47.19 - 54.13: The second half our interview with Matthew Grant, of Instech, where he discusses the opportunities for captives in insurtech. For the latest news, analysis and thought leadership from the global captive market, sign up for the ⁠Captive Intelligence twice-weekly newsletter⁠.

In this GCP Short, produced in partnership with HDI Global, and recorded in November at the European Captive Forum. As we have reported throughout 2023, HDI has been expanding its captive fronting and alternative risk offerings and in this episode, Richars is joined by four members of the team from across Europe and the United States, as well as Nate Reznicek, President & Principal Consultant of Captives.Insure in the US. From HDI, we hear from Etienne de Varax, Head of HDI’s Centre of Excellence for Risk Finance Solutions, and Captive Portfolio Manager Jelto Borgmann, based in France and Germany respectively, and US-based duo Marco Hansel, Senior Vice President and Underwriting Lead, and Jason Tyng, Vice President and Captive Lead. For more information on HDI Global and its captive services, visit its Friend of the Podcast page. 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.

In episode 97 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by a range of guests to discuss a variety of topics. Timestamps and guests below: 00.00 - 01.34: Richard introduces the episode and our four guests. 01.34 - 21.53: Speaking in a personal capacity, experienced captive reglator Steve Kinion provides first hand insight into the long running legal dispute between the Delaware Department of Insurance, and the Internal Revenue Service, regarding access to documents concerning captives that were under investigation. He reflects on the outcome, and the potential implications. 21.58 - 36.08: Luke interviews Rick Da Costa, Partner and National Leader for Corporate and Regulatory Insurance & Reinsurance at Borden Ladner Gervais LLP, who brings us up to speed on activity in Alberta and its appeal as a new captive domicile for Canadian businesses. 36.11 - 48.48: Dennis Moore, Senior Sales Executive, and Scott Kurland, Managing Director at SS&C Technologies, tell us about their roles at SS&C and how they fit into the captive value chain. The SS&C Insurance Solutions team will be attending the World Captive Forum next month in Orlando, Florida, so feel free to reach out to speak with a representative. Richard referenced several articles and previous episodes during GCP #97. See links below. GCP Explainer: IRS vs Delaware Department of Insurance Hearing highlights: IRS totally fails to engage, 831(b) captives will close Domicile landscape evolving fast for Canada’s prospective captive owners Delaware updates regulation of Side A D&O and capitalisation requirements For the latest news, analysis and thought leadership from the global captive market, sign up for the Captive Intelligence twice-weekly newsletter.

In this GCP Short, produced in partnership with Zurich Insurance, Richard is joined by Emma Sansom, group head of captives at Zurich, and Francesco Capraro, reinsurance captive operations manager for Saipem’s Switzerland-domiciled captive, Sigurd Ruck. Emma, Francesco and Richard spend 30 minutes reflecting on some of the themes emerging from the European Captive Forum in Luxembourg, including discussion on fronting and reinsurance structures, parametric products, cyber and what needs to be done to secure the next generation of talent for the captive industry. Richard references a previous GCP Short on cyber risk and captives, featuring the Solvay insurance team and CISO. Listen to it here. For more information on Zurich Insurance and its captive services, visit its Friend of the Podcast page here. For the latest news, insight and thought leadership from the global captive industry, visit Captive Intelligence and sign up for our twice-weekly newsletter.

In this GCP Short, produced in partnership with Friend of the Podcast AXA XL, Richard is joined by Marine Charbonnier and Julien Guénot to discuss a very topical theme - the growing interest in home domiciling in Europe. This conversation was recorded at the European Captive Forum in November with Marine, Head of Captives and Facultative Underwriting in APAC & Europe, and Julien, Regional leader of the Southern Europe markets at AXA XL, which includes France, Spain and Italy. Stories referenced during Richard's introduction and the podcast discussion: Enel forms first Italian captive. Four French captives formed to date in 2023. UK captive consultation to launch in spring 2024. For more information on AXA XL's captive services, visit its Friend of the Podcast page here. 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.

In episode 96 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard brings three distinct segments including a quarterly investments update, and discussions on voluntary benefits and captive solutions for the US middle market. 01.25 - 19.55: Andy Jeckells, co-CEO at I-RE, discusses why he is targeting America’s middle market for further expansion and uptake of captive solutions. I-RE are captive underwriting specialists based out of London, Bermuda and Miami. Andy shares his history, the I-RE proposition and his views on the captive landscape more broadly for the US middle market. 20.27 - 32.14: We have our latest quarterly investments update from London & Capital with Shadrack Kwasa, executive director, and Rabbani Wahhab, senior fixed income fund manager. 32.56 - 43.54: Kirk Watkins, founder and president of Promethean Risk Solutions, discusses captive-backed voluntary benefits and affinity programmes with Gary Osborne and Dave Provost, two of his advisory board members. For the latest captive insurance news, analysis and thought leadership visit Captive Intelligence and sign up for our twice-weekly newsletter.

In episode 95 of the Global Captive Network, supported by the EY Global Captive Network, Richard is in Nashville, Tennessee to find out the latest independent captive manager, Strategic Risk Solutions. 01.55 - 13.27: CEO Brady Young and president Ron Sulisz discuss the firm's recent inward investment from Integrum Holdings LLP and its future plans for growth. 13.57 - 26.50: Captive owner Tony Sanchez, CEO of OneNexus Environmental, explains his fairly unique captive in Oklahoma, with Andrew Marson, a managing director at SRS. Read more about OneNexus here. 27.20 - End: Our last discussion is with Jeff Fitzgerald, who returned to the firm in August as managing director of a new division, SRS Benefit Partners, and Wendy Dine, an experienced benefits specialist with SRS for 11 years. SRS announced today it had launched SRS Altitude, a managing general underwriter based out of Zurich. Read that story here. For the latest captive insurance news, visit Captive Intelligence and sign up to our twice weekly newsletter.

In this GCP Short, produced in partnership with Marsh Captive Solutions, Richard is joined by Lorraine Stack, International Sales and Consulting Leader, and Maria Arana, Marsh's ESG Leader Europe. Maria and Lorraine discuss how the commercial market is factoring ESG metrics into underwriting decisions, the ways we are already seeing captives contribute to ESG efforts and the direction of travel for both the commercial market and captives. For more information on the ESG Risk Rating, referenced by Lorraine, click here. To download the ESG Underwriting Survey, referenced by Maria, click here. For more information on Marsh Captive Solutions, visit their Friend of the Podcast page.

This GCP Short, produced in partnership with We Are Guernsey and the Guernsey International Insurance Association, discusses the evolution of the governance landscape in Guernsey specifically, the role of independent non executive directors (iNEDs) on captive boards. Richard hosts an engaging debate on iNEDs, the demands of the role, the possible restriction on the number of appointments, and whether more captive domiciles should make them a requirement. The guests are: Airmic CEO Julia Graham, an iNED on three captive boards in Guernsey Peter Child, CEO for Europe at Strategic Risk Solutions Nick Wild, a local iNED with a long background in captive management. In the introduction Richard references a previous GCP Short episode featuring a group European iNEDs debating the value of outside board directors. Listen here. The updated Airmic Captive Governance Guide is referenced. You can download it here. The Non-Executive Director (NED) Development Programme is referenced and discussed by Nick. For more information on the course, visit the GTA University Centre website. For more information on Guernsey as a captive domicile, visit its Friend of the Podcast page here.