Cyber Threat Assessment-SF

Assessing and Quantifying Cyber-Security Exposure and Cyber-Risk

As cyber-attacks occur with increasing severity and frequency, cyber-risk has emerged as a critical risk exposure. Furthermore, current and future regulation will require a reliable, evidence-based approach to risk assessment. In this article, Milliman outlines actionable steps for companies looking to assess and quantify their cyber-exposure.
December 11, 2017 Read More

2018 Reinsurance Outlook for Captives

Reinsurance is an integral part of most captive insurers' risk management programs. Due to a confluence of events, reinsurance pricing has been fairly benign over the last several years. However, this may change in 2018. Find out why captives need to focus on reinsurance renewals.
December 06, 2017 Read More
Road to Riches-SF

How a Captive Insurer Can Drive Superior Cost of Risk Results

Captive insurers can be used to support both strategic and tactical risk management initiatives to drive superior cost of risk results. Some strategies include tangible costs, while others are intangible. Glenn Peterson of EWI Re identifies and discusses intangible issues that can become tangible, thereby adding to an organization's cost of risk.
December 04, 2017 Read More

Is Captive Insurance Right for Your Business?

Do the benefits of forming a captive insurance company exceed the costs? Jeremy Colombik, president of Management Services International, says that this boils down to educating the client of all the benefits that a captive insurance company may offer.
November 30, 2017 Read More
Millennial Workplace Coaching-SF

The Challenge of Managing Millennials

Managing millennials can be challenging for human resources departments. Many myths and broad generalizations about this generation have emerged. However, there are risks involved with relying too heavily on generalizations for managing any particular demographic.
November 29, 2017 Read More
Umbrella Yellow in Blue Group-SF

KBRA's Unique Global Captive Insurer Rating Methodology

For captive insurers struggling to determine whether it makes sense to secure a financial rating, there is now a new option. Kroll Bond Rating Agency (KBRA) recently released its new Global Captive Insurer Rating Methodology. Carol Pierce shares her thoughts on the new methodology.
November 27, 2017 Read More
Due Diligence Investment Manager-SF

Why Captive Investment Manager Due Diligence Matters

With the recent revelations concerning the issues at Guggenheim Partners and the New York state pension fund, captive insurers should consider how they conduct investment manager due diligence. Find out what precipitated the scandal and how captive insurers should consider conducting due diligence on money managers.
November 22, 2017 Read More
Black and White Puzzle Pieces-SF

Contrasting Risk Retention Groups and Captive Insurance Companies

It is said that all risk retention groups (RRGs) are captive insurance companies, but not all captives are RRGs. Learn about the key contrasts of RRGs and other types of captives, including the number licensed, scope of coverage, and interest in formation.
November 20, 2017 Read More
House Destroyed by Storm-SF

Harvey, Irma, and Maria's Impact on the Alternative Capital Market

Over the course of 4 weeks late in the summer of 2017, Hurricanes Harvey, Irma, and Maria brought dangerous and immensely destructive conditions to a wide swath of the Caribbean and continental United States. Aaron Koch of Milliman surveys the damage and discusses impact for the alternative capital market.
November 15, 2017 Read More

Recent News

"CICR" Reports on Blockchain in Credit Insurance

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December's "Captive Insurance Company Reports" ("CICR") begins with a discussion of blockchain in the trade finance/credit insurance market. The same issue also reveals captivating details on a variety of other topics. Hurry to retrieve your IRMI Online or Vertafore ReferenceConnect copy. Nonsubscribers can learn more in the products section of
December 12, 2017 Read More

"IVANS Index" November Results Show Continued Month-to-Month Variance

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November's "IVANS Index: Premium Renewal Rate Index" findings show that the premium renewal rate change for the majority of standard commercial lines products remains in positive territory, while workers compensation continues to stay in negative terrain. Premium renewal rate change across the industry has remained mainly positive from month to month.
December 12, 2017 Read More

Beijing and Guernsey Move Forward on Captive Insurance Deal

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Guernsey-based Alternative Risk Management and Beijing Airport Captive Management Consulting will partner to create captive insurance structures and provide captive management services for businesses in China. The joint venture comes after the March 2017 signing of a memorandum of understanding between Guernsey Finance and the Beijing Airport Economic Core Zone.
December 11, 2017 Read More

Gail Olsen To Head Finance and Compliance for Atlas Management

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Charlotte-based Gail Olsen has been hired to head finance and compliance for Atlas Insurance Management (Atlas). Atlas is a leading independent insurance management firm, providing captive insurance consulting, formation, and management services in the major US and offshore captive domiciles.
December 08, 2017 Read More

Cayman and Bermuda Not Included in EU Tax Blacklist

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The European Union has completed its first ever list of noncooperative tax jurisdictions. The so-called blacklist document identifies 17 countries that fail to meet agreed tax good governance standards. In addition, 47 other "gray" listed countries have committed to addressing deficiencies in their tax systems and to meeting the required criteria.
December 08, 2017 Read More

2017 Cayman Captive Forum Updates from CICR Editor Mike Mead

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The 25th Annual Cayman Captive Forum was held last week at the Ritz Carlton in Grand Cayman. Over 1,400 were registered, with many more in attendance. The program held several interesting discussions, with updates from the government on captive regulations and international compliance, as well as updates on captive formations.
December 07, 2017 Read More

Sedgwick Claims Management Acquires Cunningham Lindsey

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Sedgwick Claims Management Services, Inc., a leading global provider of technology-enabled risk and benefits solutions, has signed an agreement to acquire Cunningham Lindsey, a global loss adjusting, claims management, and risk solutions firm.
December 07, 2017 Read More

Bermuda Monetary Authority Releases Its "Captive/SPI Report 2017"

Time for Transparency-SF 
Bermuda Monetary Authority recently released its 2017 captive/special purpose insurer (SPI) statistics. This article reviews the report, and selected highlights are included. Other captive domiciles would do well to follow Bermuda's lead and create greater transparency in the captive industry.
December 06, 2017 Read More

KBRA: Atlantic Hurricane Season Ends, Devastation Continues

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A Kroll Bond Rating Agency (KBRA) research report finds that not only was the 2017 Atlantic hurricane season the costliest ever, but 2017 will likely have the highest insured catastrophe losses in US history. Insured losses from Hurricanes Harvey, Irma, and Maria alone are likely to be approximately $100 billion.
December 05, 2017 Read More

John Huff Joins ABIR as New President and Chief Executive

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John Huff, the immediate past president of the National Association of Insurance Commissioners and former director of the Missouri Department of Insurance, has been named the president and chief executive of the Association of Bermuda Insurers and Reinsurers (ABIR) beginning January 1, 2018.
December 05, 2017 Read More