From changes in US healthcare and taxes to geopolitical risks emanating from Brexit, the current political climate is having a direct impact on the global captive insurance industry—and it will need to be on guard. Robert ‘Skip’ Myers Jr, partner at Morris Manning & Martin, has the details.
With new technologies, new types of business and new risks to address, the captive insurance industry has more opportunities than ever before to shape the future, Dan Towle, president of the Captive Insurance Companies Association, tells Captive International.
Against a backdrop of significant cybersecurity breaches, rated captives have been seriously considering writing cyber risk, explains Fred Eslami, associate director at AM Best.
A fully digital captive might allow corporates to see the benefits that today only new retail players such as insurtech Lemonade can offer, according to Alan Cabello, general manager of Adjoint Switzerland, who lays out the building blocks of a successful digital captive.
Blockchain is set to transform the insurance industry, and by extension the captives sector. Matthew Queen, chief compliance officer and general counsel of Venture Captive Management, explores five different angles of how captives will benefit.
Hugh Rosenbaum is sceptical about the insistence on “market rates” by critics of captives and it’s beginning to sound to him like another commercial insurance anti-captive argument.
It is only a matter of time before a more simplified approach to longevity swaps becomes more prevalent, Robus Insurance (Guernsey) directors Kate Storey, Frank Oldham and David Riley, explain.
The Arizona-based lawsuit Shivkov v Artex Risk Solutions is being followed with great interest by the captive insurance industry, perhaps with good reason. One of the lead lawyers involved in the case now claims the alleged conspiracy is larger than it seems. He explained why to Captive International.
With the cannabis industry expected to generate over $20 billion in US sales in 2021 and only a handful of insurers active in this space, there is a prime opportunity for captive insurers to step in. An inherent conflict at a federal level scares away many captive managers, but those not willing to act might get left behind. Matthew Queen, chief compliance officer and general counsel of Venture Captive Management, has the details.
Regulatory changes scheduled to be tabled before the Bermuda House of Assembly place Bermuda on a steady yet progressive footing to steer the captive market forward for years to come, says Matthew Carr, senior associate, corporate, of Appleby's Bermuda office.