Global Captive Podcast

This GCP Short is produced in collaboration with Friends of the Podcast Captive Resources and all about risk management for group captive members.

Our guests are Andy Johnson, Chief Risk Officer at Captive Resources, and Lorraine Martin, President and CEO of the National Safety Council, who discuss the importance of best practice safety practices in the workplace, how the pandemic has changed the workplace environment, how investment in risk management can be quantified in terms of return on investment, and why Captive Resources works so closely with their group captive members on the topic of safety and risk management.

For more information on Captive Resources visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/captiveresources

Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights

You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app.

Contact Richard: [email protected]

Visit the website: www.globalcaptivepodcast.com

Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 58 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Paul Corver, Group Head of Legacy M&A at R&Q.

The episode also includes a fascinating extended captive owner interview with Tobias Winkler and Andreas Brügel, who work in senior positions for Lufthansa's 90-year-old captive Delvag.

Corver discusses recent legacy transactions completed with General Electric's Dublin-domiciled captive, and the September loss portfolio transfer with Delvag, as well as wider trends in the captive legacy space.

Andreas, Director for Reinsurance, and Tobias, Senior Director responsible for the underwriting department and the insurance lines of aviation, marine and reinsurance, give listeners a comprehensive history of Delvag, its status today, the third party lines it writes and recent restructuring projects.

Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights

You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app.

Contact Richard: [email protected]

Visit the website: www.globalcaptivepodcast.com

Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Friends of the Podcast AXA XL, we explore European captive strategies and how they have been impacted by the hard insurance market of the past two years.

Richard is joined by Marine Charbonnier, Global Programmes and Captives Regional Director for Asia & Europe, and Manuel Meier, Country Manager for Switzerland.

Marine and Manuel discuss the evolution of captive strategies recently in the face of the challenging market, including the buyback of exclusions and deductibles, and some of the work involved with new captive formations.

For more information on AXA XL's captive services, visit their Friend of the Podcast page here: https://www.globalcaptivepodcast.com/axa-xl

Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights

You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app.

Contact Richard: [email protected]

Visit the website: www.globalcaptivepodcast.com

Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 57 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Ciaran Healy, Director of Client Solutions at Aon Captive & Insurance Managers.

Richard and Ciaran dive in to Aon's Green Captive concept that was exclusively revealed in the third edition of GCP Insights magazine (link below). Ciaran explains how the Green Captive has been designed to support corporates on their own ESG betterment journeys and support organisations in financing risk related ESG risks.

Ciaran also discusses Aon's 2021 Captive Benchmarking Survey and domicile trends in Europe.

This episode also includes a short clip from a recent Airmic Talks episode where Tracey Skinner, Group Insurance Director for the BT Group, discusses how ESG performance is increasingly entering their renewal discussions with commercial (re)insurers.

Listen to the full Airmic Talks episode here: https://www.airmic.com/news/airmic-talks-swiss-re%E2%80%99s-melanie-slack-and-tracey-skinner-bt%E2%80%99s-insurance-director

Aon's 2021 Captive Benchmarking Survey: https://insights.aon.com/2021-captive-benchmarking-survey/welcome/

Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights

You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app.

Contact Richard: [email protected]

Visit the website: www.globalcaptivepodcast.com

Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 56 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Friend of the Podcast Jason Flaxbeard, of Beecher Carlson, in the guest co-host chair.

Jason discusses volatility and tail management and how captives are increasingly interested in accepting frequency risk, retaining some severity risk and transferring as much towards the tail as possible. He also addresses the benefits for captives in taking on genuine third party insurance business.

We are also joined by Patrick Smith, executive director of Tribe Advisory, who provides an outsourced insurance management function to several businesses in the sharing and micro-mobility economic. Richard and Patrick discuss the future use of captives in this sector.

Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights

You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app.

Contact Richard: [email protected]

Visit the website: www.globalcaptivepodcast.com

Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with We Are Guernsey and the Guernsey International Insurance Association (GIIA), Richard is joined by GIIA's Chair Mark Elliott and Deputy Chair Adele Gale to discuss the jurisdiction's pioneering ESG Framework for Insurers.

Mark and Adele will talk us through why the framework was built, how it can be used and what ESG means for the captive insurers.

You can read more about the ESG Framework for Insurers and accreditation scheme here: https://www.weareguernsey.com/news/2021/new-insurance-business-drawn-to-guernsey-by-esg-framework/

For more information on GIIA and We Are Guernsey, visit their GCP page here: https://www.globalcaptivepodcast.com/guernsey

Listen to our GCP Short with London & Capital on ESG Investment Strategies for Captives here: https://www.globalcaptivepodcast.com/gcpshort42

You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app.

Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights

Contact Richard: [email protected]

Visit the website: www.globalcaptivepodcast.com

Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Friends of the Podcast Beecher Carlson, Richard addresses the boom in captive formations within America’s middle market, the different types of company structures found there and how it can impact the tax treatment and utilisation of captives in those groups.

The two expert speakers are Pete Kranz, executive managing director and captive practice leader at Beecher Carlson, and Dan Kusaila, tax partner at Crowe.

For more information on Friends of the Podcast Beecher Carlson, visit their GCP page: www.globalcaptivepodcast.com/beecher-carlson

You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app.

Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights

Contact Richard: [email protected]

Visit the website: www.globalcaptivepodcast.com

Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 55 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Sean McGovern, CEO for the UK & Lloyd’s at AXA XL, who speaks in his capacity as a board member of the London Market Group with responsibility for the business environment including government relations.

In June 2021, the LMG published a five point plan asking for relevant regulatory and legislative changes in the UK insurance market, including plans to make London a captive domicile.

Sean discusses these plans in more detail and what advantages he thinks London would provide as a domicile.

Read the LMG's five point plan here: https://lmg.london/

We also feature short clips from four interviews with new captive owners from the past 18 months. Links to the full episodes are below:

Janaize Markland, Director of Business Risk and Insurance at Facebook, in GCP #51: https://www.globalcaptivepodcast.com/gcp51

Yusuf Hussain, Head of Risk at Gemini in this GCP Short: https://www.globalcaptivepodcast.com/gcpshort25

Marcus Reichel, Head of Insurance at Knauf in GCP #49: https://www.globalcaptivepodcast.com/gcp49

Dan Youngs, CFO at Lancaster County Solid Waste Management Authority (LCSWMA), in this GCP Short: https://www.globalcaptivepodcast.com/gcpshort29

You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app.

Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights

Contact Richard: [email protected]

Visit the website: www.globalcaptivepodcast.com

Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Friends of the Podcast London & Capital, we explore ESG (Environmental, Social, and Corporate Governance) and how captives' investment strategies can be tailored to meet their parent's ESG objectives.

Dipan Roy, London & Capital's Deputy Chief Investment Officer, and GCP regulars Shadrack Kwasa and Chris Dalziel expertly talk us through this topic - what an ESG investment policy looks like, how it applies to captives and where it can be aligned with the captive parent.

For more information on Friends of the Podcast London & Capital, visit their GCP page: https://www.globalcaptivepodcast.com/londonandcapital

You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app.

Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights

Contact Richard: [email protected]

Visit the website: www.globalcaptivepodcast.com

Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Explainer episode, Richard is joined by a panel of experts to explain the 16 July decision by a United States District Court in Delaware that went against the Delaware Department of Insurance and for the Internal Revenue Service, concerning the release of client-specific documents previously requested by the Service.

Mikhail Raybshteyn, Partner and Co-Leader of EY’s Captive Insurance Services, Ben Whitehouse, Senior Counsel at Butler Snow LLP, and Cassie Bachman, Managing Director of Operations and Legal at Elevate Risk Solutions, discuss the reasons why the IRS prevailed on this occasion, what happens next and the potential wider ramifications for captive owners, advisors and regulators in the United States.

To read the full order by Magistrate Judge Christopher J. Burke, click here: https://www.ded.uscourts.gov/opinion/united-states-america-v-delaware-department-insurance

To read the latest edition of GCP Insights: www.globalcaptivepodcast.com/gcp-insights

You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app.

Contact Richard: [email protected]

Visit the website: www.globalcaptivepodcast.com

Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/