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...

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...

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...

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...

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...

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...

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...

Vermont Captive Insurance, April 16, 2019 In this article Derick White, Managing Director of Governance, Risk & Compliance explains that a captive insurer's board of directors must fulfill its duty of care to policyholders, but going above and beyond compliance can help it achieve its key business objectives. The board of directors for any corporation owes a duty of care to its shareholders....

Captive.com, January 11, 2019 In this article written for Captive.com, Brady Young reflects on the captive insurance industry in 2018 and looks head to the coming year.  As we begin 2019, it's worth pausing and reflecting on what happened in the captive industry in 2018 and what the operating environment may be in the coming year. As someone who has been working in and around the captive...

Captive Insurance Company Reports, September, 2018 In this article written for Captive Insurance Company Reports, Derick White shares his thoughts on managing risk retention groups (RRGs) and some of the current trends and issues affecting RRGs. RRGs continue to be a popular form of insurer to provide coverage. While the overall number of RRGs has fallen from a year-end high of 262 in 2008 to...