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Mark Sims

Bulletproofing Your Captive Insurance Company

Mark Sims, vice president of business development at Captive Alternatives, LLC, says that best practices for bulletproofing a captive insurance company so that it meets the definition of an insurance company involve consideration of five criteria: risk sharing (shifting), risk distribution, premium pricing, policies, and claims.
July 17, 2019 Read More
VCIA Conference Logo-Rich Smith

Innovation Is the Key Theme of this Year's Vermont Captive Conference

Rich Smith, president of the Vermont Captive Insurance Association (VCIA), discusses VCIA's annual captive conference, happening August 6–8 at the DoubleTree by Hilton, in Burlington, Vermont. True to this year's conference theme, "Where the Captive World Comes to Meet!," VCIA will host 1,100 people from all over the world.
July 15, 2019 Read More
NCCIA Communications Chairman- 2019-SF

North Carolina Captive Conference Targets All Experience Levels recently spoke with Scott Bailey, communications chair with the North Carolina Captive Insurance Association (NCCIA), to discuss the annual conference, scheduled for August 21–23, 2019, at the Ballantyne Hotel in Charlotte, North Carolina. Hear from Mr. Bailey about the North Carolina captive domicile and the upcoming conference, hosted by the NCCIA.
July 10, 2019 Read More
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3 Issues That Potentially Threaten Captive Insurers

Captive boards should be vigilant about surveying the environment to identify threats. Early identification and discussion around such matters can help a captive board determine whether future study and/or action is advisable or if the board will add the item to a watch list to be monitored.
July 08, 2019 Read More

Your 6-Step Plan to Captive Optimization

Routine maintenance on your captive insurance company is important, just like it is on your car. To gain a holistic view of your captive's performance and evaluate the need for change, captive owners should ask themselves these 6 questions when they are seeking to optimize their captive.
July 03, 2019 Read More

AMERIND: A Cell Captive in Operation

A synopsis of how a Native American-owned and -operated corporation created a cell captive structure to expand and enhance its business. The article outlines what each of the cells provides and why they were created.
July 01, 2019 Read More
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3 Important Components of a Captive Claims Handling Operation

Part of a captive insurance manager's responsibilities involves overseeing claims handling protocols for its clients. Since claims are typically the largest cost of running a captive insurer, it is important that the captive insurance manager encourage clients to consider this aspect of the captive's operations early in the formation process.
June 26, 2019 Read More
Bruce Wright

What a Captive Insurer Should Know about the Federal Excise Tax

The federal excise tax (FET) is imposed at the federal level on insurance premiums or reinsurance premiums that are paid by a US person to a foreign non-US person with regard to US risks. Bruce Wright, partner at Eversheds Sutherland (US) LLP, discusses what captive owners should know about FET.
June 24, 2019 Read More
James Twining

James Twining—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 James Twining, who serves as CEO of Kingsbridge Group, a UK-based commercial insurance broker. We discussed Lloyd's, Brexit, and InsurTech.
June 19, 2019 Read More

Recent News

Captive Insurance Pooling Is an Option for Covering Mass Shooting Attacks

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Insurers have begun offering active assailant insurance coverage in the wake of a marked increase in mass shootings in the United States in recent years. In some cases, schools can seek solutions via captive insurance vehicles by pooling their liability exposure to these types of events with other schools.
July 18, 2019 Read More

US Workers Compensation Market Remains on Track

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Fitch Ratings reported the US workers compensation market is on track for a fifth consecutive year of underwriting profits in 2019 despite recent weakening in market fundamentals.
July 18, 2019 Read More

Insurance and Reinsurance Solution Launched for Midsized Captives

International Re (I–RE), the specialist captive insurance and reinsurance managing general agent, has established a midsized captive insurance and reinsurance solution, I–RE SA.
July 17, 2019 Read More

Treasury's Proposed Regulations on the PFIC Rules Insurance Exception

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Treasury has issued proposed regulations on the insurance exception to the passive foreign investment company rules. This article focuses on only one of the aspects of the regulations, albeit a very important one for captive insurance companies—the active conduct requirements.
July 16, 2019 Read More

IVANS: Second Quarter Renewal Rates Show Continued Market Hardening

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IVANS has announced the "IVANS Index: Premium Renewal Rate Index" results for second quarter 2019. The second quarter results showed continued market hardening across certain lines of commercial business.
July 16, 2019 Read More

Hospital Captive Owners Team Up To Improve Maternal and Infant Health

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Ten leading hospitals and Premier Inc. are working on a perinatal collaborative designed to reach zero preventable maternal and neonatal harm and deaths. The 10 hospitals are owners of the American Excess Insurance Exchange (AEIX) reciprocal risk retention group, a captive professional liability insurance company.
July 15, 2019 Read More

Transactional Risk Insurance Firmly Established

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In its latest "Transactional Risk Insurance Report," Marsh said use of transactional risk insurance significantly increased in 2018. Policy limits in excess of $1 billion are now available for single transactions as private equity firms and strategic investors increasingly use insurance to reduce the risks associated with mergers and acquisitions.
July 12, 2019 Read More

New Malpractice Research Probes Misdiagnosis and Serious Patient Harm

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According to new research, 1-in-3 malpractice cases involving serious patient harm is due to misdiagnosis, with cancer, vascular events, and infection accounting for three-fourths of high-harm, diagnosis-related claims.
July 12, 2019 Read More

MSI Releases New Podcast, "Captive for Dummies: Syzygy… What Went Wrong?"

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Management Services International (MSI) has just released its latest podcast, titled "Captive for Dummies: Syzygy… What Went Wrong?," which is immediately available free of charge at the MSI podcast library. 
July 11, 2019 Read More

The Michigan Captive Insurance Domicile

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Receptive regulators have helped fuel the growth of Michigan as a captive domicile with more than a 50 percent increase in its number of captives since 2013. More striking, though, has been the huge jump in the amount of business Michigan captives are doing. Curious? Learn more today on
July 11, 2019 Read More

Global Insurance Premiums Exceed $5 Trillion for the First Time

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Global insurance premiums passed the $5 trillion mark for the first time in 2018, equivalent to more than 6 percent of world gross domestic product, according to the latest Swiss Re sigma study, "World insurance: the great pivot east continues."
July 09, 2019 Read More

Jennifer Rigby Appointed Chief Operations Officer at Lloyd's

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Jennifer Rigby has been appointed as Lloyd's chief operating officer, a role that she has been performing on an interim basis since March, following the departure of Shirine Khoury-Haq.
July 09, 2019 Read More

New "Risk Financing" Update Focuses on Deductibles and Collateralization

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Is your organization looking for self-insurance qualifications for automobile liability, insights into small deductible plans and large deductible plans, or information on considerations for collateralization of risk financing plans? Look no further. Access "Risk Financing" for this information and more.
July 08, 2019 Read More