Captive Insurance Industry and Alternative Risk Transfer Market News

Management Services International (MSI)


James Twining

James Twining—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 James Twining, who serves as CEO of Kingsbridge Group, a UK-based commercial insurance broker. We discussed Lloyd's, Brexit, and InsurTech.
June 19, 2019 Read More
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AIRMIC Report on Independent Directors for Captives

There is a new report on the benefits to captive insurers of using independent directors and a guide on how to get started. We offer our views on the AIRMIC/AON paper and why captive owners and boards should take notice.
June 17, 2019 Read More
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Captive Insurance: Why or Why Not?

There are numerous factors to contemplate when deciding whether or not to form a captive insurance company. Read about some of the advantages and disadvantages of captive ownership to consider when deciding whether to form a captive insurance company or not.
June 10, 2019 Read More

ERM Basics for Group Captives

In this primer for how group captives can begin the enterprise risk management (ERM) process and develop the necessary expertise, we explore why the board should have an ERM committee as well as its responsibilities and charter.
June 05, 2019 Read More
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US Captive Domiciles Keeping Captive Statutes Up to Date in 2019

In 2019, US lawmakers have continued the drive to keep their states' captive statutes up to date. So far this year, at least six states—including Vermont, Utah, Nevada, Tennessee, Montana, and Georgia—have passed measures amending their captive statutes.
June 03, 2019 Read More
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How the United States Became Home to More Captives Than Any Other Country

When Vermont lawmakers passed legislation in 1981 to allow captive insurance companies to be set up in the state, they did something unique for a US state: authorize a captive domicile that would compete with Bermuda and the Cayman Islands, the world's biggest domiciles. Now close to 3 dozen US states permit the formation of captives.
May 29, 2019 Read More
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Key Issues for Micro-Captives during an IRS Audit

The current state of the law regarding captives in the US Tax Court is important for micro-captive owners as they consider what approach to take going forward. A thorough review of the captive program can help establish an informed basis for decision-making both before and during an Internal Revenue Service (IRS) audit.
May 22, 2019 Read More
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How Do Captive Insurers Use Reinsurance?

A captive is an insurance or reinsurance company set up exclusively to insure or reinsure the risks of the group to which it belongs. A captive insurer may operate as a direct insurer or a reinsurer. Read on to find out more about how captive insurers use reinsurance.
May 20, 2019 Read More
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Key Accounting Issues for Cell Captives

We provide a review and analysis of the latest white paper from Johnson Lambert and Spring Consulting Group on cell captives. Our review highlights some of the key concepts from the report and offers guidance on what to look for.
May 15, 2019 Read More

Recent News

Fortifying Captive Expertise, Pinnacle Promotes Nicholas Gurgone

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Pinnacle Actuarial Resources, Inc., has promoted Bloomington, Illinois-based Nicholas Gurgone to consulting actuary.
June 19, 2019 Read More

Julie Mix McPeak Joins Greenberg Traurig

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Greenberg Traurig, PA, has announced that Julie Mix McPeak will join the law firm's insurance regulatory and transactions practice. Ms. McPeak will serve as one of the founders of the firm's Nashville, Tennessee, location.
June 18, 2019 Read More

Artex Appoints 4 Key Senior Leaders

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Artex Risk Solutions recently announced four key appointments within its international division. The individuals will be responsible for a range of insurance management products including captive insurance and insurance-linked securities.
June 18, 2019 Read More

ICCIE Scholarship Deadline Approaching

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Scholarships for programs of study with the International Center for Captive Insurance Education (ICCIE) include Harry House Captive Insurance Scholarships and the Vermont Captive Insurance Association (VCIA) Distinguished Scholar Award. The application deadline for all scholarships is June 30, 2019. Award recipients will be announced in August during VCIA's annual conference.
June 17, 2019 Read More

Vermont's Insurance Regulatory Sandbox

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Governor Phil Scott signed legislation on June 10 to enable InsurTech experimentation and innovation in Vermont. Among other things, the insurance and securities bill (S. 131) creates an InsurTech "sandbox," which will allow more research and development in this area with specific guidelines.
June 14, 2019 Read More

Cyber Risk Premium Volume in Captives Jumping Up

While only a small percentage of employers use their captive insurance companies to cover their cyber risks, the premiums flowing into captives to fund the coverage is soaring, according to a new analysis.
June 14, 2019 Read More

MSI Podcast, "Captive for Dummies," Features Broker, CPA, and Client Q&A

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Management Services International (MSI) has just released its latest podcast titled "Captive for Dummies, Q & A from Brokers, CPAs, and Clients," which is immediately available free of charge at the MSI podcast library.
June 13, 2019 Read More

CICA's Latest Young Professionals Initiative, "NEXTGen," Underway

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The Captive Insurance Companies Association (CICA) recently launched a "NEXTGen—young & new professionals" task force, which will begin meeting over the summer with recommendations expected in the fall.
June 13, 2019 Read More

Congress Looks To Extend NFIP 5 More Years

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In the latest congressional action impacting the National Flood Insurance Program (NFIP), the House Financial Services Committee unanimously approved legislation on June 12, 2019, to extend the NFIP 5 more years.
June 13, 2019 Read More

Pinnacle Grows Talent with New Hire, Christopher Schubert

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As the firm's latest hire, Christopher J. Schubert has joined Pinnacle Actuarial Resources as a consulting actuary in the firm's Atlanta office.
June 12, 2019 Read More

SRS Europe Adds Willis Executive To Lead Growth Initiatives

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London-based David Lewis will join Strategic Risk Solutions Europe (SRS Europe) as managing director responsible for business development along with creating and implementing strategic growth initiatives.
June 12, 2019 Read More

IVANS: Commercial Lines Renewal Rates Show Varied Change

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IVANS announced its May 2019 results showing varied change in premium renewal rates with businessowners policy, general liability, and commercial property experiencing an upward turn, and commercial auto, umbrella, and workers compensation experiencing a downtick in rate.
June 11, 2019 Read More

US Commercial Insurance Prices Increase 2 Percent 1Q 2019

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US commercial insurance prices have increased in the first quarter of 2019, according to Willis Towers Watson's latest "Commercial Lines Insurance Pricing Survey."
June 11, 2019 Read More