Global Captive Podcast

In this GCP Short, produced in partnership with HDI Global, Richard is joined by Marco Hensel, Senior Vice President and Underwriting Lead for HDI Global in the US, and Jason Tyng, ARM Vice President and Captive Lead.

Marco and Jason, who first appeared on the pod earlier this year when interviewed at RISKWORLD, give listeners a breakdown on how international programmes work, the respective roles for a captive and fronting partner, and the key elements to get right.

This GCP Short, produced in partnership with Captive Resources, is all about medical risk management and the benefit to group captive members. Richard is joined by:

Joan Enoch, Human Resources Manager at Lift-All Company, Inc, a member of the Well Health group captive

Mike Van Ham​​​​, Senior Vice President for Health & Wellbeing at Captive Resources.

And Joe Parrilli, Senior Vice President for Medical Stop Loss at Captive Resources.

Joan shares her first-hand experience of being a group captive member and some of the benefits her and her company get from specific medical risk management initiatives.

This GCP Short, produced in partnership with TMF Group, is all about the tax considerations for non-US captives writing insurance in the United States.

Richard is joined by US-based tax attorney Asher Harris and Joseph Finbow, IPT Assurance Director at TMF.

 Asher and Jo discuss the relevant IPT, federal excise and other taxes relevant for captives doing business in the United States, the impact of using different domiciles and closing agreements.

In episode 89 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by Oliver Wild, President of Amrae, who explains why the French risk management association has lobbied hard for a captive regime and his reaction to the legislation now in place.

In episode 88 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard brings listeners three more interviews conducted at RISKWORLD 2023, in Atlanta in May.

1.40 - 10.50: Bermuda-based Brian McNamara, Regional Head of Multinational, North America and Global Head of Captive Solutions at Allianz Global Corporate & Specialty, discusses AGCS' continued expansion into the captive sector and the trends he and his team are experiencing.

11.30 - 23.55: Franck Baron, President of the International Federation of Risk and Insurance Management Associations (IFRIMA) and Group Deputy Director of Risk Management & Insurance at International SOS, gives his reaction to the new captive regime in France, shares details of a new Asian captive association, and, with his day job hat on, explains why the International SOS captive has become a signatory of the United Nations’ Principles for Sustainable Insurance (PSI).

24.37 - 34.58: Pierrick Livet, Senior Manager in Advisory at KPMG Bermuda, discusses a range of trends he is seeing in the most mature captive market in the world.

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.

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.

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.

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.

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 0.00 - 3.00: Introduction

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.

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.

In this GCP Short, produced in partnership with the State of Vermont, Richard is joined by Kristen Peed, Director of Corporate Risk Management at professional services firm CBIZ, and Sandy Bigglestone, Vermont’s Deputy Commissioner for Captive Insurance.

Kristen brings listeners up to speed on CBIZ's recent captive formation in Vermont - Rockside Insurance Company - and shares her experiences of the full startup process.

Sandy discusses the CBIZ application and updates listeners on recent formation activity in the State.

In this GCP Short, produced in partnership with the EY Global Captive Network, Richard is joined by Emiliano Luzzi, partner and insurance consulting leader in Luxembourg, and Vittorio Zaniboni, captive and insurance excellence leader, to discuss the recent expansion into Luxembourg.

In a 15 minute discussion, Emiliano tells us about the development of EY’s insurance practice in Luxembourg over the past 18 months and its main areas of focus, while Vittorio explains the role he sees for EY in employee benefits consulting.

This GCP Short is produced in partnership with Hylant Global Captive Solutions, and explores their view and strategy for expansion into the European market.

In a 15 minute discussion, Richard is joined by Anne Marie Towle, CEO of Global Captive Solutions at Hylant, and Alexandra Gedge, Senior Captive Consultant based in London.

Anne Marie and Alex outline Hylant’s observations of the market on this side of the pond and their ambitions to provide captive management and consulting in the UK and Europe.

This GCP Live episode was recorded in front of a live audience as the closing session of the CICA International Conference in Palm Springs, California on Tuesday, 7 March.

Richard is joined by eight guests for a fun discussion, including hearing something new about each captive professional, sharing examples of captive innovation and competing in more captive trivia.

The eight panellists are:

• Nick Troxell, Manager of Global Captive Fronting, Allianz
• Cheryl Baker, Head of North American Risk Management, Stellantis
• Jason Flaxbeard, Executive Managing Director – Alternative Risk, Brown & Brown
• Anne Marie Towle, Global Captive Solutions Leader, Hylant
• Dan Towle, President, CICA
• Theresa Severson, Vice President of Insurance & Risk Management, Kite Realty
• Paul Phillips, Partner and Global Captive Network Co-Leader, EY
• Adriana Scherzinger, Head of Captives and Alternative Risk Solutions, Zurich North America

This GCP Short, produced in partnership with AXA XL, is all about Asia Pacific captives including life and non-life in their portfolio.

In a 20 minute discussion, Richard is joined by Friends of the Podcast Shiwei Jin, Head of Global Programs for APAC & Europe at AXA XL, and Juliet Kwek, Regional Director for MAXIS Global Benefits Network in Asia Pacific.

Shiwei and Juliet discuss recent life and non-life captive activity in the region, what opportunities and challenges there are for employee benefits in captives and domicile developments as well.

In episode 80 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by the Presidents of RIMS and CICA, respectively.

In this GCP Short, produced in partnership with EY, is all about getting transfer pricing right and the various considerations when allocating premium.

In an 18 minute discussion, Richard is joined by Mikhail Raybshteyn, EY Partner and Americas Captive Insurance Services Co-Leader, and Nicole Henderson, EY Financial Services Transfer Pricing Senior Manager, to discuss these issues, as well as how transfer pricing is currently being scrutinised by the IRS on both international and domestic captive programmes.

In episode 79 of the Global Captive Podcast, Richard is joined by Nick Hentges, CEO of Captive Resources, to discuss growth and trends in group captives during 2022 and what he expects 2023 to bring.

We also hear from Erin Brosnihan, President of Kensington Management Group, and Donna Dreuth, CFO at Captive Resources, who discussed with Luke at the Cayman Captive Forum how the two firms work together and their different roles and responsibilities in operating the group captive portfolio.

This GCP Short, produced in partnership with TMF Group, is all about where unexpected challenges may occur when running a global programme and some of the solutions.

Joining Richard for an 18 minute discussion are Karen Jenner, IPT Client Engagement Director, and Christophe Bourdaire, IPT Quote Content Director, who run through several scenarios and examples of challenges that can be encountered and how they may be overcome or dealt with.

In this GCP Exclusive, Richard is joined by Oliver Schofield, Managing Partner at RISCS, and Malcolm Cutts-Watson, Founder and Executive Chairman at Cutts-Watson Consulting, as they break the news on the merger of the two independent consulting firms into RISCS CWC.

Olly and Malcolm discuss how the conversation started last year, the motivations behind the merger and what their ambitions are. They also explain what role they are keen to play and the services they can provide to insurance buyers and the global captive insurance market.

This GCP Short, produced in partnership with MAXIS Global Benefits Network, is all about reinsuring medical programmes with a captive.

As ever, we are very pleased to have a client perspective in this employee benefits episode. Joining Richard is Nekisha Tyrrell, Head of Underwriting at the HSBC Group captive in Bermuda, and Nicola Fordham, Chief Underwriting Officer at MAXIS.

Nicola and Nekisha go on to discuss what we mean by medical cover in the context of international employee benefits programmes, why it is rarely added to captives immediately, the advantages of and rationale for writing it and how challenges such as medical inflation can be managed.

In this GCP Short, produced in partnership with London & Capital, Senior Reporter Luke Harrison is joined by Darren Treasure, Executive Director & Head of Caribbean Office at London & Capital, and Rob Leadbetter, Senior Vice President at USA Risk, for a conversation recorded at the Cayman Captive Forum in December.

Darren and Rob discuss the profile of the Cayman Islands as a captive domicile, recent trends and what imminent new investment guidelines mean for captives in the jurisdiction.

In episode 78 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Ellen Charnley, President of Marsh Captive Solutions, for our annual interview new formation trends, uses of captives by MGAs, third party growth and ESG.

Luke interviews a familiar face as Oklahoma's new captive regulator, Steve Kinion, and also has a report from the Cayman Captive Forum, which features, in order, Erin Brosnihan, at Kensington Management Group, Adrian Lynch, of Artex, Robert Leadbetter, of USA Risk, and Colin Robinson, at SRS.

In episode 77 of the Global Captive Podcast, supported by legacy specialists R&Q, we have an exclusive discussion with Meta and its insurance partners in which they explain its new and unique approach to insuring Side A D&O through its own Hawaii-domiciled captive.

Richard in joined by Janaize Markland, director of business risk and insurance at Meta, Lauri Floresca, a specialist D&O broker with Woodruff Sawyer, and Nick Troxell, manager of global captive fronting at Allianz Global Corporate & Specialty (AGCS), who discuss the context of the hard D&O market of the past three years, recent corporate law changed in Delaware that made the solution possibly and the structure of the ‘Laser DIC’ Side A policy that has been deployed.

In episode 76 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by three of the professionals instrumental in the first captive insurance signatory of the United Nations' Principles for Sustainable Insurance (PSI).

Earlier this year Enel Insurance, the Netherlands-domiciled captive owned by Italian energy multinational Enel, became the first captive to sign up to the PSI.

In a 25 minute discussion recorded at the European Captive Forum in Luxembourg, in November, listeners will hear from Antonio Nervini, Head of Insurance in the Netherlands at Enel, Butch Bacani, Programme Leader for the UN’s Principles for Sustainable Insurance, and Ciaran Healy, Chief Commercial Officer for EMEA at Aon Global Risk Consulting.

Now Enel has a long track record of embracing and investing in renewable and sustainable energy practices, including being the first to design and install smart meters in 2001, and the first private company in the renewable power sector to be listed on the Dow Jones Sustainability Index. And this step by the captive to sign up to the PSI is a good reflection of a group-wide approach to meeting sustainability and ESG targets.

Antonio will explain why Enel wanted to be the first captive to become a signatory of the PSI, Ciaran explains the work involved and whether he expects other captives to follow suit, but Butch begins provides some background on the PSI and his own ambitions for the captive market.

In this GCP Short, produced in partnership with the Stonefort Group, listeners will be introduced to the unique evolution and service offering of a Luxembourg single-parent captive into a commercial venture that today offers direct insurance services, reinsurance capacity and captive management.

Stonefort began life in 2000 as Builders Re, a reinsurance captive owned by German multinational construction giant Hochtief AG, but has written third party business since the beginning and the entrepreneurial spirit has only grown over the past 20 years.

Richard is joined by three of the experienced captive professionals behind Stonefort for a 20 minute discussion that was recorded at the European Captive Forum in Luxembourg on 10 November. They are CEO John Morrey, Chief Insurance Officer Koenraad Everaert and Head of Marketing Bertrand Gilson.

In this GCP Short, produced in partnership with RISCS, is all about the evolving reinsurance strategies of captives.

Joining Richard for 20 minutes, Oliver Schofield, Managing Partner, and David Hully, who joined RISCS as a Partner in July 2022, discuss the growing number of options and reinsurance partners available to captives, the importance of getting a sound reinsurance strategy in place from the beginning, and the changing market environment.