Parametric insurance is generating a lot of attention as a flexible and cost-effective alternative to traditional forms of insurance. Captives offer a good way for companies to access this type of insurance, says Sigma’s Lori Ussery.
After a major crisis such as COVID-19 or Hurricane Katrina there are always assurances that lessons have been learned. This time the insurance industry really needs to change, says Greg Lang of the Reinsurance and Insurance Network.
A GAO report was intended to shed some light the use of captives as abusive tax shelters. Instead it only risks perpetuating misunderstandings, says Bradley’s Davis Smith.
Barclays Corporate Banking is the platinum sponsor of this year’s Bermuda Captive Conference. Ahead of the event, Captive International sat down with James Morris, head of UK insurance and captive banking, to discuss how Barclays is supporting the sector.
Bermuda’s Economic Substance legislation has now come into force. Strategic Risk Solutions’ Richard Daley outlines what captives boards should be thinking about to ensure they remain compliant.
Captive insurers participate in the largest and most complex multinational insurance programmes, but often lack the operational resources and technology typically found at commercial insurers to support compliance and programme management, says Daniela Dinkova at Sovos.
In the last of a four-part series on the growing role of the gig economy and its implications, Greg Lang of the Reinsurance and Insurance Network discusses the trade-off between employee protections and flexibility.
An objective review of the design and operating effectiveness of internal controls is instrumental to ensuring continued success in the remote working environment, say Johnson Lambert’s Kathryn Gifford and Raina Tripp.
Australia has been the victim of bushfires, severe hailstorms and flooding, as well as other industry-specific risks. The number of businesses turning to captives to help manage these risks is growing all the time, says Marsh’s Rob Geraghty.
COVID-19 has destabilised the global economy and increased risk across all types of business. Run-off solutions can help captives better manage these risks, say Steve McElhiney of Artex and Carolyn Fahey of AIRROC.