The first GCP Short of 2025 is produced in partnership with the EY Global Captive Network and hosted by me, Richard Cutcher.

Richard is joined by Mikhail Raybshteyn, Americas Captive Insurance Services Co-Leader at EY, and Vittorio Zaniboni, Captive & Insurance Excellence Leader for EY in Luxembourg.

Mike and Vittorio reflect on captive activity in 2024, and share their views on what to expect and look out for in 2025.

Topics include the continued domicile evolution in Europe, and how that might progress further this year, as well as the potential ramifications of a second Trump term and whether state-based self-procurement taxes may rear their head again in 2025.

Vittorio and Mike also explain why they expect to see non-US multinationals deploy their captives to reinsure medical stop-loss exposures for their US operations and employees.

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In episode 115 of the Global Captive Podcast, supported by the EY Global Captive Network, Luke brings a report from the FERMA Forum 2024, held in Madrid in October.

01.03 - 03.21: Stephen Cross and Chris Sutton, at McGill & Partners, discuss captive trends in Europe and reinsurance strategies.

04.07 - 09.30: Enrico Guarnerio, CEO of Strategica Group and president of SRS Italy, explains the latest developments in Italy and the potential of the domicile should the government and regulator create a bespoke captive regulatory regime.

09.47 - 14.28: Laurent Nihoul, chair of FERMA's captive initiative and group head of insurance at ArcelorMittal, gives his opinion on the domicile proliferation trend in Europe.

14.45 - 19.43: Maurizio Castelli, CEO or Augustas Risk and former FERMA president, discusses the global risk challenges facing organisations and the growing role for captives and alternative risk transfer.

For the latest news, analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Short, produced in partnership with Hylant Global Captive Solutions, welcomes Anne Marie Towle, CEO of Global Risk & Captive Solutions at Hylant, and Tony Schmidt, President of Pacific Risk Solutions, LLC in Hawaii.

 Tony and Anne Marie discuss the strategic partnership between the two firms, how they work together in Hawaii and development of the Japanese captive market.

For more information on Hylant Global Captive Solutions, visit its Friend of the Podcast page here.

For the latest news, insight and thought leadership on the global captive insurance industry, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In episode #114 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard brings the latest on the UK captive consultation hosting a discussion between Chris Lay, CEO of Marsh McLennan UK, Airmic CEO Julia Graham and Caroline Wagstaff, CEO of the London Market Group.

Chris, Caroline and Julia discuss the positions of Airmic, Marsh and the LMG, the next steps and how they are planning to respond to the consultation.

We also have the latest London & Capital quarterly investments update with Shadrack Kwasa and Jack Smith analysing an eventful few months and what it means for captive portfilios.

Link to our Captive Intelligence long read with extensive commentary on the key questions in the UK consultation: https://captiveintelligence.io/direct-writing-compulsory-lines-pccs-uk-market-prepares-for-key-consultation/

UK captive consultation document: https://www.gov.uk/government/consultations/captive-insurance?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=cea3af92-ff86-475e-878d-e6a9ff4dfb65&utm_content=immediately

For the latest news, analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Short, produced in partnership with Zurich Commercial Insurance, is focused on captive developments in Spain.

Captive Intelligence Senior Reporter Luke Harrison is joined by Adriana Scherzinger, Group Head of Captives at Zurich Commercial Insurance,  Anna-Marie Jarvis, Head of Commercial Insurance at Zurich Spain, and recently new captive owner Mario Ramirez, Risk & Assets Manager at Exolum.

Mario is also Vice President of Spanish risk management association AGERS, and a board member at FERMA.

Adriana, Anna-Marie and Mario discuss captive appetite and

For more information on Zurich's captive services, visit their website.

For the latest news, analysis and thought leadership from the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with the Hawaii Captive Insurance Council, as Richard attended the HCIC Forum from 14 - 17 October.

What follows is an exclusive captive owner discussion with three HCIC board members – David Beyer, director of risk management at Alaska Airlines and the current chair of HCIC, Elaine Ziemba, CRO and SVP for Stanford Medicine, and Matt Reece, CFO of Webcor, which has owned a captive in Hawaii for more than 20 years.

David, Elaine and Matt tell listeners about their organisations, how they utilise their captives, why they chose Hawaii and reflections on the HCIC Forum.

For more information on HCIC, visit its Friend of the Podcast page.

For the latest news, analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Shot, produced in partnership with MAXIS Global Benefits Network, features Nicola Fordham, Chief Solutions Officer at MAXIS, and her colleague Dr Leena Johns, Chief Health & Wellness Officer at the Network.

One of the benefits we often discuss regarding reinsuring EB through a captive is the availability of claims data, but what exactly can be done with it? The Network has been tracking and analysing extensive claims data and is preparing a MAXIS 2025 White paper on cancer claims.

In this discussion Dr Johns discusses some of the findings from this research and, alongside Nicola explains how this data can be used by captive owners to feed into underwriting decisions and tailor responses through wellness initiatives, preventative measures and treatment options.

For the latest news, analysis and thought leadership on the global captive market, make sure you are visiting ⁠Captive Intelligence⁠ and signed up to our ⁠twice-weekly newsletter⁠.

In episode 113 of the Global Captive Podcast, supported by the EY Global Captive Network, Luke shares a report from his recent visit to Singapore and Kuala Lumpur, where he attended the Asian Captive Conference 2024.

01:18 - 09:09: Steve Tunstall and Kelvin Wu from the recently launched Captive Insurance Association Singapore (CIAS) discuss the ams of the association and their priorities for captive owners in the domicile.

09:40 - 12:33: Kelvin and Steve, as well as Marsh's Lawrence Bird and WTW's Joyce Chau, discuss the prospect of introducing protected cell companies (PCCs) to Singapore and whether they would be well utilised.

12:54 - 17:21: Praveen Trivedi, Executive Director at India's International Financial Services Centres Authority, discusses captive developments in India.

17:52 - 22.02: A variety of conversations from the Asia Captive Conference 2024, featuring Annie Undikai, Managing Director of Brighton International Management, Marsh's Lawrence Bird, WTW's Joyce Chau and Steve Tunstall.

For the latest news, analysis and thought leadership on the global captive market, make sure you are visiting Captive Intelligence and signed up to our twice-weekly newsletter.

In episode 112 of the Global Captive Podcast, supported by the ⁠EY Global Captive Network⁠, Richard had the pleasure of visiting Abu Dhabi, in the United Arab Emirates, to moderate a couple of panels at Aon’s Captive Masterclass in the city and speak to a range of stakeholders and captive owners in the region.

Richard recorded several interviews with new guests to shed light on a relatively new, but ambitious domicile with bags of potential, especially serving as a captive home for large state-owned and private corporates in the region.

Richard recorded couple interviews with new guests to shed light on a relatively new, but ambitious domicile with bags of potential, especially serving as a captive home for large state-owned and private corporates in the region.

01.16 - 09.40: David Barker, Director of Supervision at ADGM's Financial Services Regulatory Authority, outlines the regulatory environment for captives in Abu Dhabi.

10.22 - 18.44: Toby Shore, Senior Director within Group Treasury at Emirates Global Aluminium, explains his approach to captive utilisation and his experience of Abu Dhabi as a captive domicile.

19.18 - 24.27: Aon's David Hogg, Regional Managing Director of Captive and Insurance Management at EMEA, Karl De Giovanni, Director of Client Solutions, and Costain Nikisi, General Manager in the Middle East for Aon Captive

For the latest news, analysis and though leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Short, produced in partnership with AXA XL, focuses on the energy transition, the insurance challenges concerned and the role for captives to support their parents.

Richard is joined by Owen Williams, Global Program and Captives Regional Director for the UK at AXA XL, and Vicky Roberts-Mills, Global Head of Energy Transition at the insurer, in an engaging 14 minute discussion.

They discuss what the energy transition is, the challenges it is presenting, and the role captives and alternative risk transfer can play in supporting insureds in building suitable and effective insurance programmes.

For more information on AXA XL and its captive services, visit its Friend of the Podcast page on Captive Intelligence.