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CCIA President Steve DiCenso Speaks "Hacker" with 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
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China Captives in the Limelight

China is proactively raising awareness and interest in alternative risk transfer. The potential for retaining risk layers and the economic accretion it can provide are a natural fit for Chinese risk buyers. This article explores captive insurance developments in China and considers opportunities and challenges for future captive development.
September 12, 2018 Read More
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Dot Foods Seeks DOL Approval To Fund Benefits in Its Captive Insurer

Dot Foods Inc. is the latest employer to seek federal regulatory approval to use its captive insurance company to fund employee benefit risks. In a filing with the US Department of Labor (DOL), Dot Foods says it wants to use its captive insurer to reinsure voluntary accident and critical care coverages.
September 10, 2018 Read More

Mike O'Neill—Captive Owner of Interest spoke with Mike O'Neill, president and CEO of American Contractors Insurance Group Ltd. (ACIG), to discuss his role in overseeing ACIG's group captive insurance program and captive operations. ACIG provides underwriting, claims supervision, policy filing and issuance, risk management, safety, and quality services to its members.
September 05, 2018 Read More

Small Captive Insurance Program Exit Planning

After two consecutive losses for taxpayers involved in small captive insurance programs, some may consider exiting their small captive insurance program. Exiting a captive, however, may be time consuming and expensive. Many captive owners will need to take into account numerous issues and make some difficult decisions.
September 04, 2018 Read More
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The Role of Advisers in Captive Insurance Planning

Captive insurance planning takes a team of people to put a program in place according to Stewart Feldman of Capstone Associated Services. The certified public accountant, the traditional property and casualty insurance broker, and the wealth adviser are just a few of the individuals interested in the integrity of captive insurance planning.
August 31, 2018 Read More
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The Current State of North Carolina's Captive Insurance Program

At the opening general session of the North Carolina Captive Insurance Association's annual conference, North Carolina's Department of Insurance Senior Deputy Commissioner (Captive Insurance Companies Division) Debbie Walker spoke about the state captive insurance sector's swift 5-year ascent to one of the world's fastest growing captive domiciles.
August 29, 2018 Read More
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AI and Captive Insurance—What Does the Future Hold?

Artificial intelligence (AI) and captives—what does the future hold? A look at current trends in the use of AI by financial services and specifically the insurance industry. We explore how these trends may affect different segments of the captive industry.
August 27, 2018 Read More

Recent News

CICA and SRS Announce Captive Insurance Industry Essay Contest

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In conjunction with sponsor Strategic Risk Solutions (SRS), the Captive Insurance Companies Association (CICA) has announced an essay contest for college students studying risk management and insurance. Essay contest winners receive cash prizes and the opportunity to present their winning papers at the 2019 CICA International Conference in Tucson, Arizona, March 10–12.
September 19, 2018 Read More

Marsh & McLennan To Acquire Jardine Lloyd Thompson Group Plc

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Marsh & McLennan Companies Inc. announced that it will acquire Jardine Lloyd Thompson Group plc for an estimated enterprise value of $6.4 billion.
September 18, 2018 Read More

New Group Formed To Help Captive Insurer and Reinsurer Profitability

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The newest Aon Reinsurance Solutions advisory team will provide capital optimization services for re/insurers, Lloyd's syndicates, and captive insurers.
September 18, 2018 Read More

Join the Connecticut Captive Insurance Association for a Cap-a-thon!

On October 16–17, the Connecticut Captive Insurance Association (CCIA) will host its 2018 Annual Collaborative focused on Innovation and Managing Cyber Risk through Captives. For this year's event, CCIA is capitalizing on the innovative hackathon concept with its Cap-a-thon (a.k.a. captive hackathon).
September 17, 2018 Read More

Guernsey Continues To Make Captive Developments in China

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As the captive domicile, Guernsey continues to make headway with the Chinese market. Wendy Weng, Guernsey Finance's Shanghai representative, said that the Chinese government has been supportive of Guernsey's promotion of captive insurance in the country, which has also had an educational element.
September 14, 2018 Read More

Most Reinsurers Will Experience Losses from Hurricane Florence

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An A.M. Best briefing said most reinsurers will experience losses from Hurricane Florence due to the highly syndicated nature of property catastrophe business, and the potential exists for losses to impact alternative capacity on a reinsurance and retrocessional basis as its participation in the sector has increased year over year.
September 14, 2018 Read More

WTW Appoints Executive To Focus on Hawaii-Domiciled Captive Insurers

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Willis Towers Watson (WTW) Global Captive Practice has appointed Honolulu-based Denys Kazama as its newest senior account executive. Ms. Kazama will be responsible for delivering services for clients with captives domiciled in Hawaii.
September 13, 2018 Read More

A.M. Best's Global Reinsurance Segment Outlook Remains Negative

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A new Best's Market Segment Report on the global reinsurance sector, titled "Global Reinsurance: Optimism Fizzles, It's Back to the 'New Normal,'" analyzes the state of the insurance-linked securities market following the 2017 catastrophes and also includes a top 50 ranking of the world's largest reinsurers.
September 13, 2018 Read More

KBRA Reports on "Deteriorating" US/China Relations

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A report from Kroll Bond Rating Agency (KBRA) discusses current global trade conflicts in the framework of the challenge to Pax Americana. According to the report, US relations with China continue to deteriorate, and a middle ground will be hard to navigate.
September 12, 2018 Read More

Technology Breaking Down Re/insurance "Coverage Gap" Barriers

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At the Monte Carlo International Rendez-Vous of insurance and reinsurance, Swiss Re revealed that it believes some of the current improvements in the overall market environment provide a chance for the insurance sector to embrace new market dynamics such as the increased use of digital solutions.
September 11, 2018 Read More

Swiss Re Sigma: Insurance Premium Rate Increases Will Be Needed

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Swiss Re said that worldwide, most major non-life insurance markets are in a phase of below-average profitability. The reinsurer's latest sigma report assesses the existing earnings gap in the non-life insurance sector. The analysis shows that insurers in major western markets and Japan need to improve underwriting margins.
September 11, 2018 Read More

FERMA Advises OECD, Further Indicators Not Needed for Captive Insurers

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Last week the Federation of European Risk Management Associations (FERMA) responded to the Organization for Economic Cooperation and Development (OECD) concerning the captive insurance aspects of the OECD's public discussion draft document, titled "BEPS Actions 8-10 Financial Transactions," which discusses base erosion and profit shifting (BEPS) and considers the relationship between transfer pricing and value creation.
September 10, 2018 Read More

Global Reinsurers' Earnings Have Settled, According to Fitch

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Fitch Ratings has revised its outlook for the global reinsurance sector to stable from negative on the belief that earnings have settled at a "new normal," with return on capital likely to be more modest but less volatile than before.
September 07, 2018 Read More