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  • Reinsurance Transactions for Runoff and Captive Insurance Steve McElhiney, president and CEO of EWI Reinsurance, says about one-third of global captive insurance companies are dormant, meaning they are being used on a limited basis, or they may be a result of a merger. While these dormant captives may still have ongoing transactions, there is a way to unwind a dormant captive.
  • Commutations, Loss Portfolio Transfers, and Assumptions for Runoff Steve McElhiney, president and CEO of EWI Reinsurance, explains that different core reinsurance transactions may be employed to manage runoff liabilities depending on what drives the transaction. The common tools used for runoff transactions include commutations, loss portfolio transfers, and assumption agreements (novations).
  • Why Letters of Credit Are the Most Popular Option for Captive Insurers Martin Ellis, manager of Comerica Bank's Captive Insurance Group, explains why letters of credit (LOCs) are the most popular collateral option for captive insurers. An LOC is a simple one-page document that is universally accepted and governed by international customs and practices.
  • Collateral for Captive Insurers Martin Ellis, manager of Comerica Bank's Captive Insurance Group, discusses how captive insurers use two main types of collateral. A letter of credit is issued by the bank to the front for a fixed amount. A reinsurance trust is a three-party agreement among the captive, the front, and the bank.
  • Non-NatCat Insurance-Linked Securities: Identifying Opportunities One of the most important market trends has been the rise in non-life insurance-linked securities (ILS) that transfer risks outside of the natural catastrophe space. Aaron Koch of Milliman provides an overview of "non-Nat-Cat" ILS market potential and offers his view on next steps.
Captive-Trends 2018

Captive Insurance Issues and Trends 2018

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  Steve McElhiney-SF

Reinsurance Transactions for Runoff and Captive Insurance

Steve McElhiney, president and CEO of EWI Reinsurance, says about one-third of global captive insurance companies are dormant, meaning they are being used on a limited basis, or they may be a result of a merger. While these dormant captives may still have ongoing transactions, there is a way to unwind a dormant captive.
March 27, 2018 Read More
  Steve McElhiney-SF

Commutations, Loss Portfolio Transfers, and Assumptions for Runoff

Steve McElhiney, president and CEO of EWI Reinsurance, explains that different core reinsurance transactions may be employed to manage runoff liabilities depending on what drives the transaction. The common tools used for runoff transactions include commutations, loss portfolio transfers, and assumption agreements (novations).
February 26, 2018 Read More
  martin ellis-SF

Why Letters of Credit Are the Most Popular Option for Captive Insurers

Martin Ellis, manager of Comerica Bank's Captive Insurance Group, explains why letters of credit (LOCs) are the most popular collateral option for captive insurers. An LOC is a simple one-page document that is universally accepted and governed by international customs and practices.
February 20, 2018 Read More
  martin ellis-SF

Collateral for Captive Insurers

Martin Ellis, manager of Comerica Bank's Captive Insurance Group, discusses how captive insurers use two main types of collateral. A letter of credit is issued by the bank to the front for a fixed amount. A reinsurance trust is a three-party agreement among the captive, the front, and the bank.
January 08, 2018 Read More
  Light Bulb Innovation-SF

Non-NatCat Insurance-Linked Securities: Identifying Opportunities

One of the most important market trends has been the rise in non-life insurance-linked securities (ILS) that transfer risks outside of the natural catastrophe space. Aaron Koch of Milliman provides an overview of "non-Nat-Cat" ILS market potential and offers his view on next steps.
December 13, 2017 Read More
  Outlook-SF

2018 Reinsurance Outlook for Captives

Reinsurance is an integral part of most captive insurers' risk management programs. Due to a confluence of events, reinsurance pricing has been fairly benign over the last several years. However, this may change in 2018. Find out why captives need to focus on reinsurance renewals.
December 06, 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
  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
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