News

Analysis

Microcaptives help facilitate ERM programmes for SMEs

An enterprise risk management micro-captive programme may not be as robust as a mega-company's ERM programme, but many of the same benefits may be achieved. Ryan Ralston, director of risk management at Elevate Captives, has the details.   13 June 2019

Analysis

Nerves are natural on economic substance but Bermuda can win long term

The new EU Economic Substance Act represents a paradigm shift for the captives industry but is also an opportunity for Bermuda, despite many in the captives sector being understandably nervous about its implications.   13 June 2019

Analysis

Many captives pay over the odds for collateral arrangements

Many captives are still paying over the odds for their collateral arrangements due to an inertia when it comes to exploring the use of captive collateral trusts instead of letters of credit (LoC). While more captives are starting to use the option, many captive owners and captive managers neglect the idea, often due to myths that do not stand up to scrutiny.   13 June 2019

Analysis

Firms mull insuring reputational risk using captives as cyber bolt on

While a growing number of companies are using their captives to transfer cyber risk, some of the most innovative are also exploring the possibility of insuring reputational risk, according to Jason Flaxbeard, executive managing director, captive management and consulting, Beecher Carlson.   13 June 2019

Accounting & tax analysis

Captives used to dodge primary rate hikes by accessing reinsurers direct

Many large companies are looking to better leverage their captives to avoid “unbudgeted” rate hikes on their traditional insurance programmes, John English, CEO, captive and insurance management, Aon, told Captive International.   13 June 2019

Analysis

Captive owners would not hesitate in choosing Bermuda again

Captive owners gave a ringing endorsement of Bermuda yesterday – saying they would have no hesitation in picking the Island again.   13 June 2019

Analysis

Economic uncertainty, financial volatility can mean opportunities for captives

The volatility and uncertainty in many of the world’s economies can represent opportunities for captive managers willing to explore active rather than passive investment strategies. “There are plenty of opportunities for investors and captives to benefit from the volatility we are seeing,” Henk Potts, director, investment strategy, Barclays Private Bank, told delegates at the Bermuda Captive Conference yesterday (Wednesday June 12).   13 June 2019

Analysis

Bermuda’s captive sector must be ready to step up and adapt: BMA's Cox

Bermuda’s captives industry remains robust and makes a substantial contribution to the country’s economy. But the sector also faces challenges and must learn to adapt and step up in the future – a process that could also mean some tough discussions with the regulator.   13 June 2019

Analysis

Caterpillar sets up Bermuda captive, predicts 15% savings on premiums

Setting up a captive could save up to 15 percent on health premiums, according to a panelist at the Bermuda Captive Conference who is looking at using a captive to fund a manufacturing company’s benefits programme.   13 June 2019

Analysis

CICA grooms next generation of captive leaders

The Captive Insurance Companies Association (CICA) has launched the NEXTGen Young And New Professionals Task Force. Comprising a cross section of captive owners, service providers and regulators, the task force represents young people in the captive insurance industry, and begins meetings in the summer.   13 June 2019

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