Even captives with strong internal discipline face a persistent challenge: the rules keep moving. Domicile regulations evolve, accounting standards change, tax guidance shifts, and market practices around issues such as cyber, ESG, and alternative capital continue to develop.
Most captive owners rely on a network of external support—but that support can be fragmented and challenging to coordinate. Recognize common pitfalls like inconsistent advice or overlooked updates, and proactively establish a centralized process to reconcile multiple perspectives and maintain cohesive GRC practices.
A more effective approach is to treat GRC support as an integrated service. That means using the captive manager or lead advisor as a coordinator who translates regulatory developments, exam observations, and industry practice into concrete changes in policies, reporting, and board agendas. It means asking for periodic GRC health checks that benchmark your captive against best practices or compared with peers in similar domiciles and industries. And it means consolidating actuarial, legal, tax, and reinsurance advice into a single, board-ready view of the captive's governance, risk, and compliance position.
Having this view is important for captives that are expanding, restructuring, or considering more advanced structures such as cells, transformers, quota share reinsurance, or ILS-type arrangements. Each of these tools brings additional governance and disclosure expectations.
The goal isn't to add complexity for its own sake. It's to ensure that as the captive's role in the enterprise grows, the GRC framework responds efficiently and responsibly. Owners who have a clear view of their obligations and options are in a better position to decide on timing and sequencing, which enhancements are essential now and which aren't necessary given the captive's size and purpose.
In a changing environment, the question isn't "Do we need help?" It's "Do we have the right kind of help, organized in a way the board can actually use?"
Sandy BigglestoneSRS Managing Director & SRS Titanium CGRCO Once owners recognize that GRC matters, a more practical question follows: What does a compliant captive actually do differently? A useful starting...
Sandy BigglestoneSRS Managing Director & SRS Titanium CGRCO If you own a captive in the US, you already live with governance, risk, and compliance—even if no one calls it "GRC"...
The Breast Cancer Foundation of Cayman Islands hosted a 24-hour Pickleball Challenge in support of research and people and their families dealing with breast cancer. SRS Cayman is proud to...
SRS Bermuda helped with the Trunk Island Project, known as a “living classroom”, in association with the Bermuda Zoological Society and the Bermuda Aquarium Museum and Zoo. (Registered Bermuda charity.)...
Strategic Risk Solutions (SRS) has a reputation for leading the charge when it comes to captive insurance management. Establishing SRS Italy and becoming the only manager in the country with...
Everyone had a wonderful day at the Windlesham Golf Club for the African Survival Annual Golf Day! The primary focus of the charity is to provide access to education in...
Tens of thousands of participants joined Neil Campbell on the 26.2-mile challenge of the London Marathon. SRS Europe is proud to support Neil and his charitable run. Neil is a...
SRS Guernsey Scales New Heights Our amazing SRS Guernsey office is currently taking part in an exciting and challenging local fundraising event called The Everest Challenge. This unique endurance event...
'Tis the Season for SRS Canada SRS Canada spent some time volunteering at a toy organizing event for children in the Halifax area. SRS Canada has been actively participating in...
SRS South Africa- East London Supports Animal Welfare Our SRS South Africa team is proud to support animal welfare organizations this quarter by raising much-needed funds for the SPCA (Society...
As climate change escalates the potential severity of certain weather-related natural disasters like hurricanes and wildfires, corporations face increased threats to their operations and financial stability. Captive insurance strategies are...
SRS Bermuda Helps Preserve Bermuda’s Unique Ecosystems with the Trunk Island Project SRS Bermuda proudly contributed to the Trunk Island Project, a conservation and education initiative known as a “living...
By: Chuck Scherer Catastrophe bonds, also known as cat bonds, are a crucial component of the insurance industry's risk management toolkit. Typically, these bonds provide insurance companies with financial protection...
The decision to buy or sell a captive insurance company isn’t made that often but can be a significant strategic opportunity under the right conditions. Andy Hulme, SRS EVP of...
Download the SRS whitepaper on Cell Vehicles, Domicile Differences. Protected Cell Companies – 25 Years In By Peter Child, CEO SRS Europe Twenty-five years ago, Protected Cell Company (‘PCC’) legislation...
Captive Insurance Times recently published an article featuring industry participants, including Isabel Mettetal SRS' Director of Cayman Captive Management, discussing their hopes for captives in Latin America, as well as...
Combining captive insurance with Insurance-Linked Securities (ILS) can offer significant long- term value and additional risk transfer capacity and capabilities for enterprise-scale companies. The ILS sector acts as a reliable...
Financial Model of Parametric Insurance within a Captive The financial model of incorporating parametric insurance into a captive insurance company relies on predefined, measurable indices. When a certain event triggers...
Setting the Standard SRS has managed captives and other insurance vehicles for more than 25 years, and in that time, we’ve defined and operationalized the services a high-performing insurance company...
Setting the Standard SRS has managed captives and other insurance vehicles for more than 25 years, and in that time, we’ve defined and operationalized the services a high-performing insurance company...
Setting the Standard SRS has managed captives and other insurance vehicles for more than 25 years, and in that time, we’ve defined and operationalized the services a high-performing insurance company...
Anna Pereira, SRS Bermuda How can the captive industry adapt to the developing impact of climate change and adopt measures to mitigate impact to their shareholders, themselves, and the natural...
Leveraging the Barbados Insurance Brand The year 2021 was one of significant growth for captive insurance in Barbados. There were 34 startups and according to the statistics released by the...
There is tension at the heart of every captive insurer. This fundamental tension arises from the fact that for every captive shareholder is also in some way, shape, or form...
The material presented in this report was the subject of our webinar: Captive Insurance – The State of the Market, held on Wednesday February 23, 2022. The captive insurance industry...
SRS’ Peter Child, CEO Europe and Richard Paris-Smith, Client Services Leader-Europe were recently featured as speakers during the Airmic Captive Forum. Peter Richard spoke about governance within the captive process, while...
Corporate insurance buying strategies are changing. Maybe it has taken the challenges being encountered in the continued hard market to finally shake things up. Buyers are getting frustrated, hemmed in...
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