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Articles

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
US-EU Puzzle-SF

The Bilateral Covered Agreement: Regulating a Global Insurance Marketplace

The so-called covered agreement between the United States and the European Union is expected to level the playing field for US insurers and reinsurers operating in Europe while further confirming that the US insurance regulatory system meets the goals of insurance sector oversight, policyholder protection, and national and global financial stability.
November 13, 2017 Read More
Arbitration Clause-SF

Reinsurance Arbitration Clause Pitfalls for Captive Insurers

Almost every captive insurer purchases some type of reinsurance. The issuing reinsurer and the captive insurer enter the relationship with the best of intentions. But if disagreements happen, they will be subject to the reinsurance contract's arbitration clause, and captive insurers should seek to understand arbitration clause pitfalls.
November 08, 2017 Read More
Breach Response Plan

Utilizing Captives for Cyber-Liability Risks: The Breach Response Plan

Scott Uhl of EWI Re, Inc., discusses a single-parent captive approach to creating an enterprise-wide cyber-liability breach response plan. An effective breach response plan can materially improve a company's cyber-risk profile for improved loss control and lower premium expense, Mr. Uhl says.
November 06, 2017 Read More
Five Pillars-SF

5 Key Pillars of Captive Insurer Corporate Governance

As a captive owner or board director, what are the primary components of captive corporate governance? In this article, we look at five key pillars of corporate governance and provide a brief description of each facet.
November 01, 2017 Read More
Pick Right Tool-SF

Can the Black-Scholes Model Be Used for Captive Insurance Premiums?

Pinnacle Actuarial Resources' Derek Freihaut and Tim Mosler share their thoughts on the viability of applying a specific mathematical model, Black-Scholes, in estimating the maximum premium appropriate for a captive insurance company. Should the Black-Scholes pricing model be used to estimate captive insurance premiums?
October 30, 2017 Read More
Company Percentages-SF

Special Purpose Vehicles (SPVs) Defined

Most captive insurance company owners/directors have heard the terminology "special purpose vehicles" or "SPVs." However, many do not have a good working understanding of what these entities are. In this article, we provide a definition and identify several key attributes of SPVs.
October 25, 2017 Read More

Recent News

A Time for Thanksgiving

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Captive.com and "Captive Wire" will observe the Thanksgiving holiday this Thursday and Friday.
November 22, 2017 Read More

Pricing Improvement Expected for P&C Insurance and Reinsurance

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Prices in non-life insurance and reinsurance are expected to increase, according to Swiss Re. The multiple large natural catastrophe events that occurred in the second half of 2017 have drained capital from the property-casualty sector. Simultaneously, prices have been low, having fallen substantially over the past several years.
November 22, 2017 Read More

Over 1,400 Captive Specialists Will Converge Next Week in Cayman

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Over 1,400 specialists, including captive directors, chief financial officers, risk managers, service providers, and captive managers, from around the world will converge again at the 25th annual Cayman Captive Forum next week in the Cayman Islands to discuss the issues most pressing to the captive insurance industry.
November 21, 2017 Read More

Paul Schiavone Appointed Global Head of Alternative Risk Transfer

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Allianz has appointed Paul Schiavone to head its global alternative risk transfer (ART) and nontraditional re/insurance business. In addition to ART, Mr. Schiavone will continue to oversee "long tail" lines of business for Allianz Global Corporate and Specialty North America.
November 21, 2017 Read More

A.M. Best Projects Combined Ratio for Global Reinsurance

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An A.M. Best briefing projects an estimated combined ratio of 110 percent for its composite of global reinsurers, with return on equity ranging from 0 percent down to –5 percent. The last time the global reinsurance composite reported a combined ratio above 100 percent was in 2011.
November 20, 2017 Read More

Kate Miller To Build London & Capital's Institutional Business

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Wealth and asset manager, London & Capital (L&C) has appointed Kate Miller as head of institutions. Based in London, Ms. Miller will continue to build L&C's growing and successful institutional business.
November 17, 2017 Read More

"Cyber Insurance for Healthcare Market Survey" Now Available

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International Risk Management Institute, Inc. (IRMI), has released the "Cyber Insurance for Healthcare" issue of The Betterley Report. This new report provides an overview of the market conditions and coverage trends related to cyber and privacy insurance for healthcare organizations.
November 17, 2017 Read More

Legaré Gresham Establishes Pinnacle Actuarial Resources in Carolinas

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Consulting Actuary Legaré W. Gresham, FCAS, MAAA has established Pinnacle Actuarial Resources, Inc.'s presence in Charleston, South Carolina, as the firm continues to grow both domestically and internationally.
November 17, 2017 Read More

FEMA Chooses AIR Worldwide To Model NFIP Flood Risk

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The Federal Emergency Management Agency (FEMA) will use AIR Worldwide's Inland Flood and Storm Surge Models for the United States to better understand the National Flood Insurance Program's (NFIP's) loss potential to help evaluate actuarially sound rates and assess the impacts of major flooding events in real time.
November 16, 2017 Read More

Milliman To Redesign Nationwide Rating Plan for NFIP

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The Federal Emergency Management Agency (FEMA) has selected Milliman, Inc., to provide actuarial consulting services to redesign flood insurance products across the National Flood Insurance Program (NFIP). Milliman will provide state-of-the-art tools, technology, and analysis to FEMA in order to design a new rating plan for NFIP policies nationwide.
November 16, 2017 Read More