Cyber risk is evolving but so are the risk transfer solutions available, Anup Seth, managing director of Aon Insurance Managers (Bermuda), tells Captive International.
Bermuda’s growth prospects as a captive domicile look promising in 2018—and AIG is looking to benefit by boosting its own presence on the Island, Kathleen Bibbings, vice president and head of Bermuda captive services at AIG, tells Captive International.
International financial centres such as Barbados must develop a niche strategy within the limitations of a new world order requiring more onerous governance and regulation, as Ricardo Knight & Kirk Cyrus of JLT Barbados explain.
There is an increasing appetite from multinationals to explore the benefits that captives bring when reinsuring employee benefits programmes, says Matthias Helmbold, head technical & services, MAXIS Global Benefits Network.
Innovative risk transfer will influence the future of the captive insurer as a business model, as Marcus Schmalbach of BlockART Institute explains.
Negative press and adverse decisions in court cases have not dampened interest in 831(b) captives—if anything more mid-size companies are taking notice, Ellen Charnley, president of Marsh Captive Solutions, tells Captive International.
Captive owners should seek the advice from their tax counsel on the implication of the new legislation, Elizabeth Steinman, managing director at Aon Risk Finance & Captive Consulting, tells Captive International.
Given the many unknowns regarding liability for space tourism, captive insurance should be a tool for all space tourism providers, says Matthew Queen, general counsel & chief compliance officer, Venture Captive Management.
Each captive manager has different qualities, so when management operations are sold to another firm, captive owners should know their rights and sometimes reassess the arrangement, Andrew Barile, CEO of Andrew Barile Consulting, tells Captive International.
New tax rules in the US could influence the attraction of forming a captive—but there has been little impact yet on the Cayman Islands, which is enjoying robust growth, as Ruwan Jayasekera, head of the Insurance Supervision Division at the Cayman Islands Monetary Authority, explains.