Management Services International

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Why Should You Do an On-Site Captive Feasibility Study?

Stewart Feldman of Capstone Associated Services says that before undertaking the project of forming a captive insurance company and the payment of hundreds of thousands, if not millions of dollars in annual premiums, most individuals or organizations will do advanced planning and analysis through a captive feasibility study.
October 10, 2018 Read More
Joel Chansky

Joel Chansky—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 Joel Chansky, chair of the Captive Insurance Companies Association (CICA) Board of Directors. Mr. Chansky is a principal and consulting actuary in the Boston office of Milliman.
October 08, 2018 Read More
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Risk Retention Groups: An Important Segment of the Captive Industry

Risk retention groups (RRGs) comprise only 3 percent of the roughly 7,000 captive insurers now operating. This relatively small number of RRGs hides the importance of this segment of the captive industry. Many RRGs are a vital source of coverage for hundreds—even thousands—of their policyholder-owners.
October 03, 2018 Read More
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What To Include in a Captive Insurer's Claims Handling Procedures

A captive insurer's claims handling procedures should discuss all stages that are in the life cycle of a claim, according to Lynn Sheils, senior vice president and general counsel of EWI Reinsurance. Stages include how the notice will be handled, investigation standards, coverage evaluation, reserving approach, and claim closure philosophy.
October 01, 2018 Read More
Business Man Questions SF Feature

What Are Association and Group Captives?

Group captives are formed when a group of individuals or entities comes together to jointly own a captive insurance company. Sometimes they are sponsored by industry associations for the benefit of their members, hence the alternative name "association captive."
September 27, 2018 Read More
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Does Your Captive Suffer from Bad Directors?

Does your captive suffer from bad directors? What are the key characteristics of a bad director, and how do you address the issue? In this article, we look at the four attributes described in the National Association of Corporate Directors article "A Field Guide to Bad Directors" and how they relate to the captive insurance industry.
September 26, 2018 Read More
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US-EU Covered Agreement—an Overview

Eversheds Sutherland provides us with an overview of the US-EU covered agreement. The agreement will eliminate collateral and local presence requirements for qualified US reinsurers operating in the EU insurance market, and will eliminate the requirement for collateral for qualified EU reinsurers operating in the US insurance market.
September 24, 2018 Read More
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CCIA President Steve DiCenso Speaks "Hacker" with Captive.com

Captive.com recently spoke with Steve DiCenso, president of the Connecticut Captive Insurance Association (CCIA), about its upcoming dual-venue 2018 Annual Collaborative, which is set to take place on October 16–17 in Hartford. The theme of the Collaborative is "Innovation and Managing Cyber Risk through Captives."
September 19, 2018 Read More
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FinTech and Captive Insurance Revisited

How has FinTech impacted captive insurers? We look at key trends and changes reshaping the industry, including blockchain. The good news is that some captives are embracing this new future.
September 17, 2018 Read More

Recent News

Willis Towers Watson Enters into a Global InsurTech Partnership

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Plug and Play and Willis Towers Watson have entered into a global InsurTech partnership. The agreement extends Willis Towers Watson's access to early-stage InsurTech startups across all of Plug and Play's InsurTech platforms, which include Beijing, Munich, New York, Silicon Valley, Singapore, and Tokyo.
October 12, 2018 Read More

Best's Briefing: Considers Hurricane Michael Catastrophe Losses

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Although Florida's insurance market-share leaders possess strong levels of risk-adjusted capitalization that should provide a buffer against Hurricane Michael losses, insurers, reinsurers, and insurance-linked securities investors could face significant losses, according to a new A.M. Best briefing.
October 12, 2018 Read More

London & Capital's Kate Miller Promoted to Partner

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Wealth and asset manager London & Capital has appointed Kate Miller as partner. Her team actively manages over $1 billion of investment portfolios on behalf of captive insurers, reinsurers, and supranational organizations.
October 11, 2018 Read More

Allianz Restructures Its Alternative Risk Transfer Line

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Allianz Global Corporate & Specialty will restructure its alternative risk transfer (ART) line of business into two teams. ART Chief Underwriting Officer Richard Boyd will head up the capital solutions insurance-linked markets team. The remaining ART practice groups will be led by Michael Hohmann.
October 11, 2018 Read More

"You Own an Insurance Company, Now What?" Free Captive Insurance Webinar

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Join Management Services International for a complimentary captive insurance webinar, "Captives 2.0: You Own an Insurance Company, Now What?," that will take place on Thursday, October 18, 2018. The course begins at 2:00 p.m. (EDT) and will be hosted by Jeremy Colombik.
October 10, 2018 Read More

Greenlight Re Invests in Healthcare Benefits Administrator

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Greenlight Re has invested in Sana Benefits, an Austin-based third-party administrator startup focused on the self-insured healthcare market in the United States. Sana Benefits helps small-to-medium-sized businesses access employee benefit plans to self-insure their employees.
October 09, 2018 Read More

FERMA Says Risk Managers Play Major Role in Business Transformation

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In a statement from the 2018 European Risk Management Seminar, the Federation of European Risk Management Associations (FERMA) said demand for sustainability, good corporate behavior, and rapid digitization are leading to profound changes in organizations and the work of risk managers.
October 09, 2018 Read More

Man-Made Risks Forecast To Cost World's Cities $320 Billion Annually

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Man-made risks like cyber crime, interstate conflicts, or market crashes are a bigger threat to economic output than natural disasters such as hurricanes, floods, earthquakes, and volcanoes, putting an estimated $320.1 billion of global gross domestic product at risk on average each year, according to Lloyd's.
October 08, 2018 Read More

Ignoring Culture Is Not an Option in M&A Transactions

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Mercer's mergers and acquisitions (M&A) readiness research report, titled "Mitigating Culture Risk to Drive Deal Value," found that 43 percent of M&A transactions worldwide experienced such serious culture issues that deals were delayed or terminated or purchase prices were negatively impacted. In addition, 67 percent experienced delayed synergy realization due to culture issues.
October 05, 2018 Read More

Reinsurance M&A Driven by Strong Competition and Scale Benefits

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Consolidation of the global reinsurance industry will continue, as intense market competition and capital levels drive mergers and acquisitions (M&A), while smaller players lacking scale and diversification see further pressure on growth and profitability, Fitch Ratings said.
October 05, 2018 Read More

Marsh Captive Solutions Appoints New Leadership

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Effective January 1, 2019, Julie Boucher and Chris Varin will embark on newly created senior leadership positions within Marsh Captive Solutions. Ms. Boucher will take on islands practice leader in Bermuda, and Mr. Varin will undertake the role of US practice leader in Burlington, Vermont.
October 04, 2018 Read More

Bermuda Accounted for 63 Percent of ILS Issued during First Quarter

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According to Bermuda Monetary Authority's "Bermuda Insurance-Linked Securities (ILS) Market Report" for the first quarter of 2018, the island remained the leading jurisdiction for ILS issuance, representing 75 percent of the global outstanding ILS capacity at the end of the quarter ($24.8 of $33.3 billion total global capacity).
October 04, 2018 Read More

Randall & Quilter Acquires Captive Insurance Company

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Randall & Quilter Investment Holdings Ltd. will acquire Western Captive Insurance Company Designated Activity Company, the Irish-domiciled captive insurance company of the Coffey Group of companies in Ireland.
October 03, 2018 Read More