Articles

A Barbados’-eye perspective of the captive insurance market

A Barbados’-eye perspective of the captive insurance market

Invest Barbados, Kirk Cyrus, Captive International, 2020 "Active risk financing using captives is inescapble given the expectations of future systemic risk events relating to climate change." Kirk Cyrus, Strategic Risk Solutions In its 2020 “Global Risks Report”, the World Economic Forum (WEF) stated that the sustainable development of global economies would be impacted by key risks associated...

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A Barbados’-eye perspective of the captive insurance market

European Captives – Global Captive Podcast

Captive Captive Podcast, Episode 37 August 30, 2020  Derek Bridgeman, Managing Director and Risk Consulting Practice Leader for SRS Europe, joins host Richard Crutcher on the Global Captive podcast to discuss interest in new captive formations in Europe and what captive owners are doing to review their existing operations. Derek also explains SRS's latest hires in Luxembourg, Dublin and Malta...

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A Barbados’-eye perspective of the captive insurance market

Economic Substance Compliance: what captives boards need to know

Captive International, Richard Daley, September 4, 2020 Bermuda’s Economic Substance legislation has now come into force. Strategic Risk Solutions’ Richard Daley outlines what captives boards should be thinking about to ensure they remain compliant. Bermuda’s Economic Substance (ES) legislation took effect from July 1, 2019, meaning those entities with a December 31, 2019 year-end were required...

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A Barbados’-eye perspective of the captive insurance market

Greenguard: A New Kind of Captive Insurance Program

Captive Insurance Company Reports, Hugh Rosenbaum, March 2020 CICR comment: Our editor emeritus, Mr. Rosenbaum, finds that the Greenguard (GG) program is the first really new development in the captive business sector to come along for a long time. He interviewed Chris Kramer, managing director of Green Mountain (GM) Sponsored Captive Insurance Company, to bring additional details to the recent...

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A Barbados’-eye perspective of the captive insurance market

Coronavirus Captive Impact

Captive Insurance Times, Issue 194 March 18, 2020 Phillip Giles of MSL Captive Solutions discusses how the COVID-19 pandemic could potentially affect self-funded health plans and medical stop-loss captives. It is still quite early to ascertain, with any degree of accuracy, the effects that the coronavirus pandemic will ultimately have on US health plans. I can, however, offer some initial...

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A Barbados’-eye perspective of the captive insurance market

Brady Young on Global Captive Podcast

Captive Captive Podcast, Episode 26 March 29, 2020  Brady Young joins host Richard Crutcher on the Global Captive podcast to discuss the Covid-19 impact on captive insurance, broker consolidation and the SRS growth plans in Europe.  The podcast also includes commentary from Shruti Vyas, Insurance Specialist and Captive Manager at SES Satellites as well as discussion of the Covid-19 pandemic from...

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A Barbados’-eye perspective of the captive insurance market

A Different Approach

Captive Insurance Times, Issues 188 December 11, 2019 Mary McMorrow, head of Governance Services Europe at SRS Europe, discusses the firm's specialised captive governance services offering. Set against a backdrop of new, emerging risks and increasing regulatory scrutiny, it has become more important than ever that companies adopt an approach that places governance at the heart of positive...

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A Barbados’-eye perspective of the captive insurance market

The Big Unbundle

Captive Insurance Times, October 16, 2019, Issue 184 David Lewis,Managing Director of SRS Europe, explains how, in the next few years, the market will see the unbundling of captive insurance services in Europe. How did the role at SRS come about, and what swayed you to join? I originally intended to retire from Willis Towers Watson and start some non-executive work but after SRS approached at...

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A Barbados’-eye perspective of the captive insurance market

Captive Insurers and Outsourcing: Ensuring Good Governance

Captive Review, April, 2019 Mary McMorrow, head of Governance Services Europe at SRS Europe, provides some useful tips on governance considerations for captive insurers outsourcing services under Solvency II conditions. The growing reliance of many regulated firms on outsourced service providers (“OSPS”) has led to European Regulators placing an increased focus on this area. While the majority...

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A Barbados’-eye perspective of the captive insurance market

Survey on Governance Regulation and Governance in Captives

Captive Insurance Company Reports, February, 2019 In late 2018 SRS in conjunction with IRMI organized a corporate governance survey to determine what kind of corporate governance some captive insurers, risk retention groups (RRGs), and risk pools have in place. In this article Derick White provides an objective write-up of the survey findings. Introduction Since the failures of several entities...

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