Global Captive Podcast

In episode 87 of the Global Captive Podcast, supported by the EY Global Captive Network, we share two interviews with MGAs that are particularly interested in providing unique underwriting expertise and capacity to captive owners.

1.40 - 14.14: Senior reporter Luke Harrison is joined by Charlie Hanbury, CEO of Samphire Risk, and Andy Hulme, director of underwriting at captive manager Strategic Risk Solutions. Samphire is an agency focused on providing cover for malicious and hostile risks, such as terrorism, political violence, kidnap & ransom and other broader crisis response products.

14.15 - end: Ryan Dodd, CEO and founder at Intangic, and Mark Heath, head of insurance and chief underwriting officer at Intangic MGA, outline their unique take on cyber being underwritten as a high frequency, low severity product and the role of the capacity, backed by AXA XL, they are providing as a parametric product, for corporates in supporting the CISO and cybersecurity budgets.

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In this GCP Short we provide a bit more context and detail on what the much mooted Lloyd’s Captive Syndicate is, how it will work and what kinds of companies it might be suitable for.

In April, Captive Intelligence reported that the historic insurance marketplace is working with an applicant that could establish the first Captive Syndicate in Lloyd’s in more than 20 years.

Richard is joined by two professionals that know Lloyd’s and the business of launching and managing syndicates like the back of their hand.

Keith​ Nevett is Head of Business Development at managing agent Asta, which is part of the Davies Group, and Bob Stevenson, a Consultant with Asta.

Whittington, the precursor to Asta, was in fact the managing agent for those three original captive syndicates in the 1990s.

Bob worked for Lloyd’s from 2005 to 2017, and prior to that he was buyer of reinsurance at several large multinational insurers.

Keith and Bob demystify much of how Lloyd’s operates, what the benefits of a Captive Syndicate may be and how it is managed, and the different ways they can see a Lloyd’s Captive can fit into and complement a multi-captive strategy.

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In this GCP Short, we preview the Vermont Captive Insurance Association conference being held in Burlington, Vermont from August 7 to August 10.

VCIA certainly is a must-attend item on the captive conference calendar, particularly for those active in the US captive market but Vermont is also home to many overseas owned captives as well.

Over twenty minutes, Richard is joined by VCIA president Kevin Mead and Aaron Hillebrandt, principal and consulting actuary at Pinnacle Actuarial Resources but also conference chair for this year’s event in Burlington.

Kevin and Aaron discuss some of the highlights on the 2023 agenda, including the content and activities particularly relevant for the large cohort of new captives formed in the domiciles over the past three years and a renewed effort to attract and engage the next generation of captive leaders.

To register for the conference, visit here. The discounted early bird registration ends on the 30th June.

This GCP Short, produced in partnership with Zurich Insurance, takes a real deep dive into cybersecurity and the role for captives in both risk financing and supporting risk management on the fast evolving and difficult to insure risk.

Richard is joined by three members from the risk, insurance and cybersecurity teams at Belgian multinational chemical company and captive owner Solvay, as well as Andreas Ruof, head of proposition development & senior captive services specialist at Zurich, and Vivien Bilquez, principal cyber risk engineer at Zurich Resilience Solutions.

From Solvay, we hear from have Sonia Cambier, head of corporate insurance and prevention, Luxembourg-based captive director Xavier Groffils, and Xavier Paulus, the group’s deputy chief information security officer (CISO).

This is the first time we have had a CISO on the pod, and the insight we receive from the Solvay team on their risk and insurance challenges, and how they work together on solutions, including utilization of the captive, is a really fascinating discussion.

For more information on Zurich's captive services, visit their Friend of the Podcast page.

For breaking captive news, in-depth analysis and thought leadership, visit Captive Intelligence. Sign up to the twice-weekly newsletter here.

In episode 86 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard sits down with Stacy Apter, vice president and corporate treasurer at the Coca-Cola Company, while visiting Atlanta, Geogia for RISKWORLD.

Stacy is known to many in the captive market from the various roles she has held at Coke since joining in 2005, which included risk and insurance and global benefits positions, and gives her an incredibly rounded outlook on how the risk, insurance and captive market can be utilised most effectively to support Coke’s financial and business goals.

We are also joined by Jason Flaxbeard, of Brown & Brown, a familiar voice for regular listeners to the pod, and who works closely with Stacy and Coke’s risk and insurance team on their captive programme.

Stacy and Jason talk in depth about the philosophy driving Coca-Cola’s captive strategy, and how they want to see the insurance market evolving further.

To stay up to date with all news, analysis and thought leadership on the global captive market visit Captive Intelligence and sign up to our twice-weekly newsletter here.

In this GCP Short, produced in partnership with EY’s Global Captive Network, Richard is joined by Paul Phillips, Partner and Global Captive Network Co-Leader at EY, and Lisa Wall, Executive Vice President and Risk Finance Practice Leader at Lockton, for a fascinating 18-minute conversation.

Recorded at the CICA International Conference in Palm Springs, in Marsh, Richard, Paul and Lisa debate whether the power of captives remain undervalued, if they should no longer be considered the ‘alternative market’ as they become more mainstream, how to push the envelope further with captive owners and what role self-insurance vehicles have in insuring ESG-related risks.

For more information on EY's Global Captive Network and services, visit their Friend of the Podcast page here.

For the latest news, analysis, long reads and thought leadership on the global captive market, visit Captive Intelligence and sign up to our newsletter here.

In episode 85 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard shares three of the interviews he recorded while attending RISKWORLD in Atlanta, Georgia, from April 30 to May 3.

1.50 - 14.00: Ellen Charnley, President of Marsh Captive Solutions, sat down with Richard to discuss the world's largest captive manager's latests statistics and trends, which included forming 370 new captives over the past three years and 1,900 under management in total.

14.00 - 21.40: FERMA president Dirk Wegener joined the pod for the first time, discussing Solvency II, the new home domiciling trends in Europe, and captive activity on the continent more generally.

21.40 - end: Jason Tyng, Vice President of HDI Global's new US Captive Solutions Group, and Marco Hensel, Senior Vice president and Underwriting Lead for HDI Global, based in Chicago, discuss the insurer's recent entrance into America's booming captive fronting market.

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

In episode 84 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by Fluid Truck's Courtney Claflin to discuss their new captive formation, London & Capital's Shadrack Kwasa and Rabbani Wahhab to review the Q1 economic landscape, and three members of CICA's NextGen initiative - Claire Richardson, Dylan Feringa and Bailey Roese.

Time stamps

3.00 - 10.30: Courtney Claflin, head of insurance, discusses Fluid Truck's captive formation in Washington DC.

10.40 - 23.30: Shadrack Kwasa, executive director, and Rabbani Wahhab, senior fixed income fund manager, discuss a messy quarter involving inflation edging lower, a confusing jobs market and banking disruption – and, of course, what all that means for captives and their investment managers.

24.30 - 39.50: CICA NextGen members Claire Richardson, of Hyant, Dylan Feringa at PNC Institutional Asset Management, and Bailey Roese, partner at Dentons, discuss why they have got involved and what appeals to them about the captive insurance industry.

For all the latest news and analysis of the global captive insurance market, visit CaptiveIntelligence.io and sign up to our twice-weekly newsletter here.

This GCP Short, produced in partnership with EY, has been recorded in response to the publication of new Internal Revenue Service proposals concerning captives making the 831(b) tax election.

Captive Intelligence published a long read on Friday, 21 April with reaction from across the industry to the proposed regs which sets out definitions that

In this 18 minute discussion, Richard is joined by EY partners and captive leaders Paul Phillips and Mikhail Raybshteyn who give their view on the situation as it

You can read EY's tax alert on the proposed regulations here, and visit their Friend of the Podcast page for more information on EY's captive services.

In this GCP Short, produced in partnership with Brown & Brown, Richard is joined by Matthew Takamine, Captive Practice Leader at Brown & Brown, David Beyer, Director of Risk Management at Alaska Airlines, and Paul Shimomoto, Partner at Hawaii law firm Goodsill.

The trio discuss the profile and recent development of Hawaii as a captive domicile, new trends such as Side A D&O going into Hawaii captives and Alaska Airlines' own risk financing and captive strategy.

For more information on Brown & Brown's captive practice, visit their Friend of the Podcast page here.

For breaking news, analysis and thought leadership visit Captive Intelligence here.