Global Captive Podcast

In episode 95 of the Global Captive Network, supported by the EY Global Captive Network, Richard is in Nashville, Tennessee to find out the latest independent captive manager, Strategic Risk Solutions.

01.55 - 13.27: CEO Brady Young and president Ron Sulisz discuss the firm's recent inward investment from Integrum Holdings LLP and its future plans for growth.

13.57 - 26.50: Captive owner Tony Sanchez, CEO of OneNexus Environmental, explains his fairly unique captive in Oklahoma, with Andrew Marson, a managing director at SRS. Read more about OneNexus here.

27.20 - End: Our last discussion is with Jeff Fitzgerald, who returned to the firm in August as managing director of a new division, SRS Benefit Partners, and Wendy Dine, an experienced benefits specialist with SRS for 11 years.

SRS announced today it had launched SRS Altitude, a managing general underwriter based out of Zurich. Read that story here.

For the latest captive insurance news, visit Captive Intelligence and sign up to our twice weekly newsletter.

In this GCP Short, produced in partnership with Marsh Captive Solutions, Richard is joined by Lorraine Stack, International Sales and Consulting Leader, and Maria Arana, Marsh's ESG Leader Europe.

Maria and Lorraine discuss how the commercial market is factoring ESG metrics into underwriting decisions, the ways we are already seeing captives contribute to ESG efforts and the direction of travel for both the commercial market and captives.

For more information on the ESG Risk Rating, referenced by Lorraine, click here.

To download the ESG Underwriting Survey, referenced by Maria, click here.

For more information on Marsh Captive Solutions, visit their Friend of the Podcast page.

This GCP Short, produced in partnership with We Are Guernsey and the Guernsey International Insurance Association, discusses the evolution of the governance landscape in Guernsey specifically, the role of independent non executive directors (iNEDs) on captive boards.

Richard hosts an engaging debate on iNEDs, the demands of the role, the possible restriction on the number of appointments, and whether more captive domiciles should make them a requirement.

The guests are:

In the introduction Richard references a previous GCP Short episode featuring a group European iNEDs debating the value of outside board directors. Listen here.

The updated Airmic Captive Governance Guide is referenced. You can download it here.

The Non-Executive Director (NED) Development Programme is referenced and discussed by Nick. For more information on the course, visit the GTA University Centre website.

For more information on Guernsey as a captive domicile, visit its Friend of the Podcast page here.

In this GCP Short, produced in partnership with MAXIS Global Benefits Network, Richard shares a live discussion recorded with two experienced EB captive users:

Marc and Matthias explain when, why and how their respective companies started reinsuring international employee benefits in their captive, lessons learned along the way, how their programmes have evolved over time and what they want to achieve in the future.

The episode is introduced by Richard and Aaron Brown, Regional Manager for Business Development in the UK & Ireland at MAXIS.

For more information on MAXIS and its captive services, visit its Friend of the Podcast page.

Stay up to date with all major developments in the captive market by signing up to the twice-weekly Captive Intelligence Newsletter.

In this GCP Short, produced in partnership with Spring Consulting Group, Richard shares the cast study of the Haskell Company deciding to move out of a group captive structure to form its own single parent captive in Vermont.

Haskell Company’s CFO Bradford Slappey and Jeff Caudill, Vice President of Risk Management, discuss the profile of the company, the lines originally insured through the group captive and why they came to the decision to establish a pure captive.

For more information on Spring Consulting Group, visit its Friend of the Podcast page on Captive Intelligence here.

Stay up to date with all major developments in the captive market by signing up to the twice-weekly Captive Intelligence Newsletter.

In this GCP Short, produced in partnership with Swiss Re Corporate Solutions, Richard explores the viability of more captive adoption of parametric policies.

Thomas Keist, Global Captive Solutions Leader, and Jan Bachmann, Head of Innovative Risk Solutions, explain how a captive can be utilised to absorb that basis risk that usually exists in a parametric policy.

Adrien Norulak, Head of Risk Analytics and Director of Innovation & Technology at Swiss Re, discusses how Risk Data Services (RDS) can also be used to minimise the basis risk and contribute to more accurate modelling and parametric triggers.

Adrien will be presenting on this topic at the European Captive Forum alongside client Fabien Couillard, insurance manager at TetraLaval, from 4.15pm on Wednesday, 8 November.

Read the Captive Intelligence long read on parametric insurance and captives here.

Stay up to date with all major developments in the captive market by signing up to the twice-weekly Captive Intelligence Newsletter.

In episode 94 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard debates the potential for the UK to become a captive domicile after the Government hosted a roundtable on the topic.

02.18 - 26.00: Caroline Wagstaff, CEO of the London Market Group, which is lobbying hard for the initiative, and Charles Winter, Head of Strategic Risk Consulting at Aon Global Risk Consulting, discuss the background and analyse its potential for success.

27.25 - 44.00: Matthew Latham, formerly of AXA XL, Risk Transfer Leader in the Financial Solutions Group at Marsh, discusses reinsurance trends and solutions for captives, parametric policies and the legacy environment.

Read the Captive Intelligence coverage of the UK captive domicile developments here, and Airmic's response here.

Stay up to date with all major developments in the captive market by signing up to the twice-weekly Captive Intelligence Newsletter.

This GCP Short, produced in partnership with We Are Guernsey

Joshua Cryer, Director of Risk and Insurance at THG, a fast growing UK plc, tells us about THG, why a captive became a relevant option for the group two years ago, how they went about forming the captive and how he hopes to utilise it in the future.

Alex Symons, associate director at Aon Insurance Managers in Guernsey, provides the captive manager perspective on formation

There is also a good discussion on governance and the value of non-executive directors.

For more information on We Are Guernsey and GIIA, visit their Friend of the Podcast page.

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

In episode 93 of the Global Captive Podcast, supported by the EY Global Captive Network, and hosted by Richard Cutcher.

Richard brings listeners live interviews from the Bermuda Captive Conference that took place 12-14 September.

01.43 - 07.04: Eduardo Fox, a consultant to Appleby law firm and Davies Captive Management, is the latest recipient of the Fred Reiss Lifetime

07.35 - 11.00: Michelle Sivanayson, recently appointed as Marsh Captive

11.53 - 20.38: Local reinsurance broker Michael Woodruffe, president of Kirkway International Limited, is focused almost entirely on North American captive and MGA business. He explains why "captive business is the best business" for reinsurers.

21.14 - 27.25: Grainne Richmond, executive vice president and head of captives at Aon Bermuda and director and lead chair of the Bermuda Captive Network. Grainne shares the lates update on developments and progress of the Bermuda Captive Network and why it is important to attract new talent.

28.00 - 32.00: Pierrick Livet, senior manager in insurance advisory at KPMG in Bermuda. Pierrick and Richard were on the opening panel of the conference where we discussed evolving captive ownership structures, emerging risks and multi-captive strategies.

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

In this GCP Short, produced in partnership with Marsh Captive Solutions, Richard is joined by two vice presidents from the consulting team discuss their career progress to date and the variety of client projects they have been working on.

Domenico Pettinari and Finky Yan address the growth in third party risks, new captive formations and an enlightening comparison of cell captives to a Manhattan apartment, which I particularly enjoyed and pretty sure I will be using in the future.

For more information on Marsh Captive Solutions, visit their Friend of the Podcast page here.

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