BCIB report states how captive companies have continued to outperform their U.S. commercial casualty peers

A new report has delivered further evidence of the efficacy of captive insurance, outlining how their use in Bermuda and two Caribbean countries saved their corporate owners demonstrably on insurance costs, when compared to use of commercial insurance. They delivered far better underwriting results and return on revenue, according to the report published by AM…

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Q&A: The key role of captives in ESG commitments

Zurich NA on how captives can play a role in executing environmental, social and governance initiatives. As environmental, social and governance (ESG) initiatives have moved up the agenda at many companies, there’s growing interest in whether captives can play a role in successfully executing on those objectives. We sat down with Adriana Scherzinger, head of…

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Captives as an ESG tool

Captives can be used to address environmental, social and corporate governance (ESG) issues in the insurance market.   The final session of the 2022 Bermuda Captive Conference was a panel moderated by Séadna Kirwan, risk advisory director, Aon Bermuda and which included Sherman Taylor, head of capital markets, Bermuda, at Ocorian; Maura McGuigan, director of…

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Captives still face LatAm barriers

Latin America remains an emerging area for the captive insurance market, attendees heard at the Bermuda Captive Conference.  A panel discussion at the conference pointed out that Latin America is a small but growing area of the market at the moment. Latin America makes up 7% of global GDP, with growth of 4.3% over the…

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Bermuda Captive Conference returns with a bang

The 2022 Bermuda Captive Conference has gotten off to a great start, said Helen Souza, business development manager at the Bermuda Business Development Agency. This year’s conference has seen one significant change from previous conferences, she told Captive International. “Historically the Bermuda Captive Conference (BCC) has been one of three entities on Bermuda involved in the…

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Fronting partnerships with captives 

The recent boom in new captives could lead to lasting partnerships with fronting companies that fill a very real and specific need on Bermuda.  According to Jonathan Reiss, chief executive of Concert, Bermuda-based companies need fronting because, whether they’re commercial insurance or reinsurance or captives, a significant reason they’re here is because Bermuda has a…

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Bermuda captives can benefit from emerging risks

Bermuda is in a unique place to benefit from the challenges of the post-COVID-19 world, as new risks emerge and make the industry think about how to cope with them.  A panel discussion at the Bermuda Captive Conference addressed some of these emerging issues, with contributions from Gavin Woods, partner at Carey Olsen; Nicolas Plianthos,…

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BMA: Bermuda remains leader of global captive domicile 

Bermuda remains the leading global captive domicile, according to the latest figures from the Bermuda Monetary Authority (BMA).  Speaking at the Bermuda Captive Conference, Timae Flood, assistant director, insurance supervision, at the BMA, told attendees that Bermuda had far surpassed other domiciles in terms of gross premiums written, with the latest figures for 2020 amounting…

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Cyril Whitter Receives Bermuda Lifetime Captive Achievement Award

Cyril Whitter is the recipient of the Bermuda Captive Conference’s 2022 Fred Reiss Lifetime Achievement Award for his commitment and contributions to Bermuda’s captive insurance industry. Mr. Whitter’s career in Bermuda’s captive insurance space has seen him provide more than 44 years of service to both clients and industry peers. Mr. Whitter’s experience in insurance…

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