Capstone Insurance Quiz


Bruce Wright

How the 2017 Tax Law Affects Captive Insurers

Following the passage of the Tax Cuts and Jobs Act by the US Congress, met with Bruce Wright of Eversheds Sutherland to document his take on the primary impacts of the tax law on the captive insurance industry. According to Mr. Wright, a number of the law's provisions may affect captives.
January 03, 2018 Read More

Tom Hebson—Captive Insurance Person of Interest

As part of our ongoing commitment to provide thoughtful commentary concerning issues impacting captives and the broader insurance markets, we spoke with Tom Hebson. He talks about how his career evolved, the state of the workers compensation markets, and trends captive insurers should be watching.
February 21, 2018 Read More
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Why Letters of Credit Are the Most Popular Option for Captive Insurers

Martin Ellis, manager of Comerica Bank's Captive Insurance Group, explains why letters of credit (LOCs) are the most popular collateral option for captive insurers. An LOC is a simple one-page document that is universally accepted and governed by international customs and practices.
February 20, 2018 Read More
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A View from the Cockpit: Systems and Controls of Good Captive Managers

Successfully managing a captive insurance company involves many functions, including financial accounting, corporate governance, underwriting and risk management, regulatory reporting, and overseeing the work of various service providers. Captive managers should have in place a system of organizational controls that provides accurate and thorough administration and reporting of these functions.
February 19, 2018 Read More
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Will the Tax Cuts and Jobs Act Affect Small Captive Insurance Companies?

The end of 2017 delivered uncertain tidings concerning what effect the Tax Cuts and Jobs Act would have on the captive insurance industry. While the law affects larger captive insurers, changes are less significant for smaller captives. Management Services International provides its view on the tax law and small captive insurance companies.
February 16, 2018 Read More
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NAIC Roundup: Looking Back, Looking Ahead

Look back at the changes the National Association of Insurance Commissioners (NAIC) implemented in 2017, courtesy of Johnson Lambert LLP, and then look forward, based on the NAIC's recently released strategic plan.
February 14, 2018 Read More
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Connecticut's Captive Insurance Solution to Crumbling Home Foundations

The state of Connecticut has decided to provide $100 million to fund a captive insurer that will insure the replacement or repair of residential foundations damaged by the high level of pyrrhotite in the concrete. The National Risk Retention Association's chairman, Dan Labrie, provides further details.
February 12, 2018 Read More
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Captive Insurer Boards and Blockchain Technology

Digital disruption takes on many forms, making it a formidable risk area to be added to any boardroom discussion. We summarize a recent article that appeared on the National Association of Corporate Directors website on why blockchain technology needs to be addressed by board members.
February 07, 2018 Read More
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Common Blind Spots When Hiring New Employees

You may not realize that your hiring managers have blind spots when hiring new employees for job openings. It is important to identify these blind spots, though, because a hiring decision based on subjective opinion could set your company back and prove costly.
February 05, 2018 Read More
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Brady Young—Captive Insurance Person of Interest

As part of our ongoing commitment to provide thoughtful commentary concerning issues impacting captives and the broader insurance markets, we spoke with Brady Young. Read his comments on how Strategic Risk Solutions was founded and his thoughts on captives in Europe and Asia and the acquisition of talent.
January 31, 2018 Read More

Recent News

Organizations Identify Business Interruption as Greatest Cyber Concern

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Few organizations are highly confident in their ability to manage the risk of a cyber attack, despite viewing cyber security as a top risk management priority, according to a new global survey conducted by Marsh. In a global survey of senior executives, two-thirds ranked cyber security among their organizations' top five risk management priorities.
February 22, 2018 Read More

Sharp Cyber-Attack Increase Seen in Volume, Sophistication, and Variety

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Fortinet®, a cyber-security solutions provider, has announced the findings of its latest "Global Threat Landscape Report." The research reveals that attacks per firm have increased over the previous quarter. In addition, automated and sophisticated swarm attacks are accelerating, making it increasingly difficult for organizations to protect users, applications, and devices.
February 22, 2018 Read More

Abundant Capital Restrains Market Firming Amid Property Rate Hikes

According to the latest Willis Towers Watson "Property Market Update," commercial property insurers are seeking double-digit rate hikes on catastrophe-exposed insurance programs following 2017's record natural catastrophe-related losses. Nonetheless, abundant risk transfer capacity in the form of traditional and alternative capital is dampening the potential for widespread market firming.
February 21, 2018 Read More

USI Report: Unclear How Long Increased Property Pricing Will Persist

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In its latest market report, "2018 USI Insurance Market Outlook," USI provides perspectives on the importance of last year's natural disasters and other market pressures. The report gives viewpoints on multiple factors, including market capacity, costs of coverage, and how the increased use of underwriting data analytics impacts insureds.
February 20, 2018 Read More

Captive Resources Appoints Zurich's Mike Foley and Reveals Succession Plans

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Captive Resources, a consultant to group captive insurance companies, has announced the appointment of Mike Foley, former CEO of Zurich North America, to its board of directors. The appointment fills a vacant seat on the Captive Resources board and is the culmination of the company's search for a world-class director.
February 19, 2018 Read More

FERMA Announces European Risk Management Awards 2018

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The Federation of European Risk Management Associations (FERMA) and Commercial Risk Europe have announced the European Risk Management Awards 2018. The awards recognize the highest achievers within the European risk management community and also reward excellence and innovation within the core service provider sector: insurers, brokers, and professional services.
February 16, 2018 Read More

2018 RIMS Risk Manager of the Year Awarded to Rebecca Cady

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RIMS, the risk management society™, has given the 2018 Risk Manager of the Year award to Rebecca Cady, vice president, chief risk officer of the Children's National Medical Center. Ms. Cady has creatively and effectively used and improved the organization's risk financing and insurance, including restructuring program retentions with the organization's captive insurer and a trust.
February 15, 2018 Read More

KBRA Assigns A- Rating to Premia, a Bermuda Runoff Reinsurer

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Kroll Bond Rating Agency (KBRA) has assigned an insurance financial strength rating of A- to Premia Reinsurance, Ltd., a class 4 Bermuda specialty reinsurer focused on acquiring non-life run-off liabilities. KBRA believes Premia Re's sound capitalization sufficiently supports the company’s planned acquisition strategy of run-off liabilities in the medium term.
February 15, 2018 Read More

Fitch Believes M&A Can Benefit Re/insurers by Increasing Resilience

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The combination of continued competitive pressures, the effects of US tax reform, and catastrophe losses in 2017 is leading to speculation of more mergers and acquisitions (M&A) among re/insurers in 2018, especially in the Bermuda market, says Fitch Ratings.
February 14, 2018 Read More

Demotech Releases Third Quarter 2017 Financial Analysis of RRGs

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Demotech's third-quarter Analysis of Risk Retention Groups reports on the overall financial performance of risk retention groups. The rating company's senior financial analyst, Douglas Powell, has concluded that risk retention groups (RRGs) "have a great deal of financial stability and remain committed to maintaining adequate capital to handle losses."
February 13, 2018 Read More