Corporate Governance
4 Recommendations for Visionary Boards
This article examines how boards can take a more integrated approach to governance by aligning leadership, culture, and risk oversight. With relevance to captive insurance structures, it highlights the importance of adaptability, board composition, and proactive engagement in navigating evolving risks and supporting long-term organizational resilience and strategic decision-making. Learn More
Role of the Board in Captive Insurance Governance
Boards of directors are central to captive insurance governance, balancing compliance, financial oversight, and risk strategy. Requirements differ across domiciles: Vermont mandates a resident director, Cayman applies fit-and-proper standards, Bermuda requires a principal representative, and Delaware offers flexibility. Strong boards safeguard solvency and align captives with long-term objectives. Learn More
Key Concepts for New Captive Board Members
Captive insurance company board members have a responsibility to understand the key concepts that underpin how the captive performs. This is the first in a series of articles that explores these concepts, focusing on financial statements and actuarial reports. Read More
Why Captive Insurance Company Boards Must Be Actuarially Literate
Captive insurance company boards must go beyond financial literacy and develop a solid understanding of key actuarial principles. Actuarial literacy enables better oversight of reserves, pricing, and risk strategy—helping captives stay solvent and effective. Training and clear communication with actuaries are essential for modern governance. Read More
Corporate Governance and External Peer Review
In this article by Robert Walling, Pinnacle Actuarial Resources, he discusses how the use of a peer review of the consulting actuary's work results in better corporate governance. Given the lack of insurance expertise on many captives' board of directors, the use of a peer review is certainly justified. Read More
5 Top Tips for Building a Captive Insurer Board of Directors
To build an effective board for a captive insurer: develop a clear mission, recruit diverse skills, keep the board size manageable, establish clear roles and governance rules, and foster a culture of healthy debate. These steps ensure comprehensive oversight and efficient decision-making, enhancing governance and performance. Read More
Does Your Captive Insurance Company Suffer from Bad Directors?
Learn how to identify and address "bad directors" in captive insurance companies to ensure effective governance and protect your organization's interests. Read More