Global Captive Podcast

In this GCP Short, produced in partnership with Aon, we provide a deeper dive into the employee benefits protected cell captive solution launched by Aon.We reported on Captive Intelligence that Aon’s White Rock cell companies will now work with the broker’s global benefits team to facilitate EB programmes reinsured by a cell and believe the approach can provide a “flexible, scalable and cost-effective alternative to traditional insurance structures”.To provide more information on this new offering Sven Roelandt, Global Leader for EB Financing Strategies at Aon, and Ciaran McCabe, Strategy & Delivery Leader at Aons White Rock Group, discuss how it works and why they hope it will open up Employee Benefits captive strategies to more employers.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 episode 119 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard brings three discussions recorded at the Hawaii Captive Insurance Council (HCIC) in October 2024.02:28 - 12:49: Moose International CEO Scott Hart and CFO Joe Mech discuss the origins and risk profile of the Moose, how its captive has evolved and potential plans for the future.Moose International is a membership organisation with more than 900,000 members across the United States and Canada with over a 1,000 lodges.13:26 - 21:57:Brown & Brown’s Jason Flaxbeard and Ryan Heyrana to discuss why legacy solutions are becoming increasingly relevant to captives and how they can be executed effectively.22:32 - 30:22: Andrew Kurata, Captive Insurance Administrator for the State of Hawaii, explains a bit more about the profile and growth of the domicile.In October 2024, we released a GCP Short featuring three Hawaii captive owners and HCIC board members David Beyer, director of risk management at Alaska Airlines, Elain

In episode 118 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by one of the new leaders of our industry – William Thomas-Ferrand, who is now president of Marsh Captive Solutions.Will, having spent more than 20 years working with captives and in numerous domiciles with Marsh, has succeeded Ellen Charnley in leading the world’s large captive manager, so Richard sat down with him in London to find out how he plans to approach the role.They discuss the priorities when managing such a large portfolio of domiciles and clients, collaborating with other business units in Marsh McLennan and, of course, the fast evolving domicile landscape, particularly right now in Europe.For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In episode 117 of the Global Captive Podcast, supported by theEY Global Captive Network, Richard is joined by Michael Zuckerman, an experienced enterprise risk and captive consultant and most recently an Associate Professor for Instruction at Temple University’s Fox School of Business.Michael discusses the school’s new Center for Risk Resilienceand Sustainability, the need for more ART and captive focused education programmes, his views on the captive market’s evolution and future, and whether we should simply be ditching the 831(b) tax election altogether.For the latest news, analysis and thought leadership on the global captive market, visitCaptive Intelligence and subsribe to ourtwice-weekly newsletter.

In this GCP Short, supported by MAXIS Global Benefits Network, Richard is joined by Matthias Helmbold, DHL’s Vice President of Global Risk Benefits, Health and Wellbeing, and Aaron Brown, Regional Director for Business Development in EMEA at MAXIS. We often talk about the reasons why companies choose to reinsure their international employee benefits programmes and how they are implemented, but what about developing and improving these programmes? DHL was the first company to use a captive to reinsure its international employee benefits programme 29 years ago, and Matthias explains where they are at today and how they are still looking to expand and improve their programme. Aaron outlines the role MAXIS has to play on such a sophisticated EB programme and how they can support further innovations. For more information on MAXIS Global Benefits Network, visit its Friend of the Podcast page. For the latest news, data-driven analysis and thought leadership on the global captive market, visit Captive Intelligence an

In episode 116 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by the recently retired Martin Eveleigh to reflect on his 25 year career in captive management. Martin discusses the foundations and growth of Atlas Insurance Management, and his observations on the broader captive market and its evolution during his career. Meanwhile, London & Capital’s executive director Shadrack Kwasa, and Rabbani Wahhab, senior fixed income portfolio manager, discuss the past year for the financial markets and relevant movements for captive investment strategies. For the latest news, analysis, data and thought leadership on the global captive insurance market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with the State of Vermont, Richard is joined by Barbara Rhoades, CEO of Ohio Transit Risk Pool and a board member of Transit Re, and Sandy Bigglestone, deputy commissioner of captive insurance in the State of Vermont. Barbara explains the history and evolution of Transit Re and what led to its conversion to a sponsored captive structure facilitating cells and new participants in 2024.

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

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 Int

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=ce

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 interest among Spanish companies, and broader trends across Europe, as well as the likelihood and potential for Spain to follow France and Italy in emerging as the continent’s next captive domicile. 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 la

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

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.

In GCP #111, supported by the EY Global Captive Network, Richard is joined by Tibor Boettcher, Executive Director and Chief Executive Officer (CEO) of Volkswagen Insurance Company DAC, domiciled in Dublin, Ireland. Tibor has a long history with the Volkswagen group, but has been in the captive role since January 2023. Over the course of a 20 minute discussion, Tibor explains the role of the Volkswagen captive, its position in various risk financing progammes, why they recently moved from two to one captive and his experience of Ireland as a captive domicile. For the latest news, analysis and thought leadership on the global captive insurance market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

This GCP Short, produced in partnership with HDI Global, checks in with the HDI Global team to find out how their expansion into the UK and US captive fronting markets is progressing. Oliver Davies, recently promoted to chief distribution officer for the UK & Ireland, tells us about HDI’s captive growth plans on this side of the pond and what parts of the market they are targeting. Jason Tyng, vice president of US captive solutions group at HDI, updates listeners about the latest growth and next steps for the industrial insurer in the United States. For more information on HDI Global and its captive offering around the world, visit its Friend of the Podcast page on the Captive Intelligence website.

In episode 110 of the Global Captive Podcast, supported by the EY Global Captive Network, Senior Reporter Luke Harrison brings a series of interviews from the Vermont Captive Insurance Associaton (VCIA) conference that was held in Burlington, Vermont in August. 01.11 - 16.48: Christine Brown, Director of Captive Insurance at the Vermont Department of Financial Regulation, discusses the latest activity in the State and at the department. 17.13 - 24.45: Colin Donovan, president of STICO Mutual Insurance Company, RRG, provides an update on activities and objectives at the risk retention group. 25.14 - 31.09: Luke shares brief catch ups with Hylant’s Claire Richardson, John James and Scott Mildrum of Performa, Ian Davis at M&T Bank, EY’s Mikhail Raybshteyn, Karen Hsi, of the Univesity of California, and Brown & Brown’s Mat Robinson. For the latest news, analysis and thought leadership on the global captive insurance market, visit Captive Intelligence and sign up to our twice weekly newsletter.