Global Captive Podcast

In episode 75 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Marco Giacomelli, Head of the IGP Employee Benefits Network. Marco discusses his long background in international employee benefits and captives, trends and drivers in the sector, and why IGP are now keen to play a more pro-active role in the captive insurance space and be seen as a good option for EB fronting. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com

In this GCP Short, produced in partnership with We Are Guernsey and the Guernsey International Insurance Association (GIIA), we reflect on 25 years of protected cell company legislation in the jurisdiction. The Protected Cell Companies Ordinance was legislated for in 1997 and at the end of 2021 there were 58 PCCs in the domicile, containing 294 cells excluding those used for insurance linked securities. PCCs are used for a wide variety of reasons and business cases and in this 20 minute episode we hear from three experts with different perspectives of working with these entities across the full spectrum of utilisation. Richard is joined by Paul Sykes, Managing Director of Aon Insurance Managers (Guernsey) Limited, Kate Storey, Partner at Walkers law firm, and regulator Caroline Bradley, Director of Authorisations and Innovation Division at the Guernsey Financial Services Commission. For more information on Guernsey as a captive domicile, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/guernsey You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com

In this GCP Short, produced in partnership with Swiss Re Corporate Solutions, Richard is joined by Thomas Keist and Marco Adamo to discuss multi-line, multi-year reinsurance structures. Swiss Re Corporate Solutions will be speaking on two panels at the European Captive Forum in Luxembourg on 9 November. One, featuring Thomas on Resilient Capital Allocation, and another on Optimizing Captive Reinsurance. For more information on the European Captive Forum, visit: https://www.europeancaptiveforum.com/ For more information on Swiss Re Corporate Solutions' captive services, visit: https://www.globalcaptivepodcast.com/swissre You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com

In this GCP Short, produced in partnership with MAXIS Global Benefits Network, we discuss the process and rationale when establishing a new captive with the primary purpose of insuring international employee benefits. For more than 20 years existing captives have been adding the parent's global employee benefits programmes to their portfolio, but more recently we have started to see EB being the initial driver of a new captive formation. One of these cases is Meta, which set up its first captive in Hawaii at the end of 2020. In this episode Richard is joined by Janaize Markland, Director of Business Risk & Insurance at Meta, and Julie Nye, Regional Business Development Manager at MAXIS, to address how to set out the business case for establishing a new captive for employee benefits, the role and relationship with the fronting network in the onboarding process, and whether we expect to see more such cases in the near future. For more information on MAXIS Global Benefits Network and their captive services, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/maxis You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com

Richard recorded a special GCP Live episode from the Leadenhall Building in London on Thursday, 20 October to celebrate 100 years of captives in Guernsey. Joined by States of Guernsey Deputy and insurance lawyer Mark Helyar, Airmic CEO Julia Graham and Malcolm Cutts-Watson, of Cutts-Watson Consulting, the panel discuss the origin and evolution of captives in Guernsey, what the future may hold and indulge in a game of Captive Domicile Higher or Lower. For more information on Guernsey's 100-year captive history, check out their special publication: https://www.weareguernsey.com/resources/guernsey-22-a-century-of-captive-insurance/ For more information on Guernsey's captive services, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/guernsey You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com

In episode 74 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Shadrack Kwasa and Sanjay Joshi for an eventful third quarter investments update. In a bumper episode, Shadrack and Sanjay focus on recent activity in the UK bond markets, interest rates and currency volatility and what the environment means for captives. There is also an extended interview with Jelto Borgmann and Dirk Schilling, of HDI Global, to discuss European captive trends concerning new formations, Solvency II, cyber and D&O. Senior Reporter Luke Harrison returns from the FERMA Forum in Copenhagen where the energy transition and role for the commercial market and captives was debated. In several short interviews, Luke is talks to: Professor Simon Grima, FERMA Board Member Dr. Ulrich Adamheit, Head of Business Risk at Vattenfall Marc Paasch, Global Head Strategic Risk Consulting and Global Head Alternative Risk Transfer, WTW Claude Weber, Managing Director, Marsh Captive Solutions Marine Charbonnier, Global Programs and Captives Regional Director Europe at AXA XL For more information on the upcoming European Captive Forum, which Richard and Luke will be attending: https://www.europeancaptiveforum.com/ For more information on the Cayman Captive Forum: https://web.cvent.com/event/770fc642-d36b-4e12-b98b-6e7862f8e6fe/summary You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com

In this GCP Short, produced in partnership with London & Capital, we discuss managing investment portfolios for cell companies. Richard is joined by London & Capital's Kate Miller, Partner and Head of Institutions, and Shadrack Kwasa, Executive Director. Kate and Shadrack discuss the type and profile of cell captives they work with, the unique challenges and considerations for cells when looking for investment management services and their own approach to managing cell assets. For more information on London & Capital's captive services: https://www.globalcaptivepodcast.com/londonandcapital You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com

In this GCP Short, produced in collaboration with We Are Guernsey and the Guernsey International Insurance Association (GIIA), we really focus on what ethical investing means for captives and how it can, and already is, being implemented. GIIA launched its ESG Framework for Insurers in May 2021 and joining us for this episode are Adele Gale, Deputy Chair of the Association and a Director at Robus Group, as well as Ian Corder, Director of Standards and Operations at ESI Monitor, which can provide a kitemark to validate insurers' participation. We are also joined by investment experts Jennifer Strachan, Sustainability and Business Development Manager at IAM Advisory, and Shadrack Kwasa, Executive Director at London & Capital. For more information on the ESG Framework for Insurers, visit: https://giia.gg/giia-esg-framework/ For more information on Guernsey as a captive domicile, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/guernsey

In episode 73 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard interviews Ali Quinlivan, Head of International Insurance & Captives at Google, about her 20 year career in captive management and consulting. Listeners are also introduced to Luke Harrison, who has joined GCP as Senior Reporter and recently attended the Bermuda Captive Conference. Luke shares interviews with Scott Reynolds, President & CEO at American Hardware & Lumber Insurance and also President of the Bermuda Captive Owners Association, as well as conference committee members Leslie Robinson, Luis Delgado and Grainne Richmond. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com

In this GCP Short, produced in partnership with Marsh Captive Solutions, we feature two relatively new additions to the team discussing their recent career development, what attracted them to captives and their experiences of the industry to date. Over 15 minutes Richard is joined by Theodore Wenzel and Seth Herdoiza, both graduates of Butler University who, through different paths, have found their way to Marsh Captive Solutions. This episode was recorded in August during the VCIA conference in Burlington and also features Mike Serricchio, Americas Sales & Advisory Leader at Marsh Captive Solutions. For more information on Marsh Captive Solutions, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/marsh You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com

In this GCP Short, produced in partnership with the Sate of Vermont, Richard is joined by Christine Brown, now Vermont's Director of Captive Insurance, as well as Jonathan Seymour and Marty Butler – both of Marsh & McLennan Agency. Our three experts discuss the formation and operation of AssureCap Indemnity, a cell company serving senior care clients. They discuss the application and formation process for cell captives, what need the strategy is servicing and how it supports insureds. For more information on the State of Vermont and its captive contacts: https://www.globalcaptivepodcast.com/state-of-vermont You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Spring Consulting Group, you will hear a case study of a successful medical stop loss group captive that was established in 2013. We will be joined by Karin Landry, Managing Partner at Spring, and Tracy Hassett, President & CEO of edHealth, who discuss the raison d'etre, evolution and value of the group captive nearing 10 years of operation. Member-owner schools have realised a total of $125m in savings since its inception, and over 15 minutes Karin and Tracy explain how this has been achieved and expansion plans for the future. For more information on Spring Consulting Group, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/spring For more information on edHealth: https://www.educatorshealth.org/ You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com Follow us on LinkedIn: https://www.linkedin.com/company/global-captive-podcast/

In episode 72 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by outgoing Delaware regulator Steve Kinion. Steve Kinion has been regulating captives in the state of Delaware since 2009 and discusses his time in Delaware, the latest developments concerning Side A D&O, and the future. We hear from Vermont regulators David Provost and Christine Brown and South Carolina's Joe McDonald on their views on Side A D&O going into captives. Ian Davis, formerly of the State of Vermont and now Senior Captive Insurance Relationship Manager at M&T Bank, is also interviewed by Richard about recent changes at the bank, his journey since last being on the pod three years ago when at the State of Vermont, and his recent role as VCIA Conference Chair. You can subscribe to the Global Captive Podcast on Apple Podcasts, Amazon Music, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Brown & Brown, we are joined by Matthew Takamine, the new Captive Practice Leader at the firm. Over 15 minutes, Matt will also be joined by his colleague and a familiar voice in Jason Flaxbeard to discuss the new leadership of the captive management and consulting business at Brown & Brown, as well as innovative uses of capital, governance and how to work with captive regulators. For information on Brown & Brown and their captive services: https://www.globalcaptivepodcast.com/brown-brown You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 71 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard conducts an exclusive 'exit interview' with Vermont's outgoing Deputy Commissioner of Captive Insurance David Provost. Dave discusses the landmark events that took place during his two decades regulating captives, including three hard markets, 9/11, the Great Recession, the Enron collapse and a few other never before heard anecdotes. The captive owner interview is with Tim Padovese, President & CEO at Vermont-domiciled Ophthalmic Mutual Insurance Co., a Risk Retention Group, while we also hear from current and former colleagues of Dave from the last 21 years. You can subscribe to the Global Captive Podcast on Apple Podcasts, Amazon Music, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 70 of the Global Captive Podcast, supported by legacy specialists R&Q and hosted by Richard Cutcher, listeners hear first from Sebastian Willmanowski, Senior Principal and Multinational Financing Leader Europe at Mercer Marsh Benefits, and Kasper Jensen, Insurance Underwriter at Maersk, who dive into the details of how mature employee benefit captives run their business, think about delivering value for the parent organisation and how they aim to optimize their operating model. In the second half of we are joined by Leigh Hall, Senior Originator at Munich Re Markets, to discuss his proposition for structuring pandemic coverage through captives. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

This GCP Short, produced in partnership with TMF Group, is all about understanding the insurance premium tax implications of different programme and captive structures. Joining Richard are two members of the expert team at TMF on the complex world of IPT – Joseph Finbow, IPT Assurance Director, and Christophe Bourdaire, IPT Quote Content Director. Joe and Christophe talk through what the different insurance options are, where captives are used, and what this means for IPT calculation, responsibility and compliance. For more information onTMF's captive services, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/tmfgroup You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Zurich Insurance, Richard is joined by four experts to discuss the current disruptions to supply chains, why ESG and sustainability is increasingly entering this discussion, and the current state of the supply chain insurance market. We also go on to address the role captives have to play in this area. Our guests are: Andreas Ruof, Head of Proposition Development & Senior Captive Services Specialist at Zurich Otto Kocsis, Principal for Business Interruption & Resilience, also at Zurich Udo Kappes, Head of Property, Casualty & Employee Insurances & Reinsurances at Airbus And Constantine Limberakis, Senior Director of Product & Solutions Marketing at riskmethods. For more information on Zurich's Captive Services, visit: https://www.globalcaptivepodcast.com/zurich

In episode 69 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard Cutcher is joined by several captive professionals attending and speaking at the VCIA annual conference, which returns to Burlington, Vermont on Monday, August 8. We hear first hear from Gail Newman, Vice President of Risk Management at Bright Horizons, and a VCIA board member, on how her company has utilised a captive for the past five years. Richard's fellow panelists for a session on the Economic Landscape and Captive Portfolios - Performa's Scott Mildrum and Philip Vorreiter, Vice President of Finance at MCIC Vermont LLC - join to preview their presentation. And Kevin Mead, President of VCIA, provides an update on conference planning, suggests some highlights and what to look forward to. For more information on the conference, visit the website: https://www.vcia.com/ You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 68 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard sits down for an extended chat with David Power, CEO of Insurwave, to discuss the development of the platform since its pilot launch as a marine insurance blockchain platform in 2018 with Maersk. Richard and David also discuss the opportunites for captives and insurance buyers to embrace technology more broadly. Our captive owner interview is with Brayden York, Risk and Insurance Manager at Aurora Cannabis, a Canada-headquartered integrated cannabis company with two active captive structures already in place. For more information on Insurwave, visit their website: https://insurwave.com/insurance-buyers/ You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com Follow us on LinkedIn: https://www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with the State of Vermont, Richard is joined by the outgoing Deputy Commissioner of Captive Insurance in the state, David Provost, and his successor Sandy Bigglestone. Dave has announced he would be retiring at the end of the summer, and Sandy, who is currently Director of Captive Insurance at the State of Vermont's Department of Financial Regulation will be taking the reins. In this 20 minute episode, Dave, Sandy and Richard focus on the topics of succession planning, the direction of captive insurance and Sandy's own priorities when she takes the reins at the end of the summer. Richard will be recording an extended 'exit interview' with David Provost at the VCIA annual conference in Burlington 8-11 August. For more information on the VCIA Conference, visit: https://www.vcia.com/ For information on the State of Vermont: https://www.globalcaptivepodcast.com/state-of-vermont You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com/ Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 67 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Theresa Severson, Vice President of Insurance & Risk Management at Kite Realty Group in the US. Theresa discusses how she has reviewed and restructured the company's captive strategy after a recent merger at parent level. We also have a quarterly investments update from Chris Dalziel and Roger Jones, at Friends of the Podcast London & Capital. In the second half of the episode, Jiten Halai, Head of Structured Risk Solutions in the UK at AXA XL, joins to discuss alternative risk transfer options for cyber coverage. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in partnership with the Captive Insurance Companies Association (CICA), Richard is joined by three experienced captive consultants to debate how to choose a captive domicile. Jason Flaxbeard, of Brown & Brown, Anne Marie Towle, from Hylant, and Gary Osborne, from Risk Partners, discuss what factors go into choosing a domicile for your captive, when that debate should take place, how some of the priorities have changed and the impact of new regulations and legislation. For more information on CICA: https://www.cicaworld.com You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with AXA XL, we discuss how companies go about establishing a captive in Europe. Richard is joined by Marine Charbonnier, Global Programmes and Captives Regional Director for Europe at AXA XL, and making his first appearance on the podcast, Maxime Schons, Managing Director for Europe in Finance & Compliance at Strategic Risk Solutions. Marine and Max provide an update on European formation activity, the process of establishing a captive, the different players and roles and expectations. For more information on AXA XL's captive services, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/axa-xl You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with MAXIS Global Benefits Network, Richard is joined by Aaron Brown, Regional Manager for UK & Ireland at MAXIS, and Sven Roelandt, Global Leader for EB Captive Services at Aon. Aaron and Sven discuss how companies are improving benefits for their employees by using the captive, the new coverages being enabled and the keys to success in implementation. Sven also outlines and compares the alternative EB structures that do not involve a captive. For more information on MAXIS Global Benefits Network, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/maxis You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in partnership with Labuan IBFC, Richard and guests discuss one of 2021's formations in the South East 'mid shore' jurisdiction. Oliver Schofield, Managing Partner at RISCS, an independent captive and alternative risk transfer consultancy, and his client Daniel Landen, CEO of Protected Trust Services (PTS), explain why PTS established a cell in Labuan last year. They discuss the rationale for the captive, the domicile selection process and the experience of formation. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with EY, Richard begins to address the coming convergence of insurtech and captives with Mikhail Raybshteyn, Partner and Americas Captive Insurance Services Co-Leader at EY, and Hong Guo, EVP & Chief Insurance Officer at insurtech Arbol. This episode will be the first of several this year addressing the opportunities for insurtech and captives, and over 20 minutes Mike and Hong share some high level observations of the kind of activity we are already seeing, the opportunities that remain and an introduction to Arbol, itself. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 66 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Jonathan Reiss, CEO of Concert Group - a new dedicated captive fronting vehicle. Jonathan discusses the genesis of Concert, shares his views on the broader fronting market for captives and clarifies the company's relationship with Strategic Risk Solutions. Our captive owner interview is with Courtney Claflin, who departed the University of California in April after seven years as their Executive Director of Captive Programs. During his time at UC, Courtney transformed their captive strategy into a valued asset and strategic tool serving one of the largest university systems in the world. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Marsh Captives Solutions, Richard is joined by two experts to discuss the pros and cons or writing cyber insurance through a captive. Payal Patel, a Senior Vice Presifent and Cyber Practice Leader for the Northeast at Marsh in America, and Mike Serricchio, Americas Sales & Advisory Leader at Marsh Captive Solutions, discuss the state of the commercial market for cyber, the different roles and options captives are providing to corporates, why using a captive for cyber is not always the answer, and the response of underwriters when captives are utilised. For more information on Marsh Captive Solutions, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/marsh You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: https://www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Swiss Re Corporate Solutions, Richard is joined by Andre Martin, Head of Innovative Risk Solutions for APAC, to discuss captive utilisation in the Asia Pacific Region. Richard and Andre debate whether changing market conditions have impacted the appetite for captives in the region, how a captive opens up many more risk financing options for corporates and if a boom in captive formations is just around the corner. For more information on Swiss Re Corporate Solutions, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/swissre You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 65 of the Global Captive Podcast, supported by legacy specialists R&Q and hosted by Richard Cutcher, our guest co-host is Grant Maxwell, Global Head of Alternative Risk Transfer at Allianz Global Corporate & Specialty (AGCS). In an in-depth discussion, Grant discusses structured reinsurance programmes and fronting for captives. Our captive owner interview is with Heineken's Rogier Bouwman, Global Head of Pensions and Benefits, and Fanny Behrens, Global Pensions & Benefits Specialist. Rogier and Fanny explain to Richard why they formed a new, separate captive in Ireland last year solely for international employee benefits programmes. The final interview of the episode is with with Joe McDonald, Director of Captives for the South Carolina Department of Insurance. Richard caught up with Joe at CICA and he tells listeners about his new regulatory role. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Spring Consulting Group, Richard is joined in a 15 minute conversation with Karin Landry, Managing Partner at Spring Consulting, and Fredrik Finnman, Head of Group Risk Management at the Swedish global engineering giant Sandvik. Karin and Fredrik debate the differences between the European and US captive markets, specifically with regards to regulatory culture, the impact of the hard market and Karin also provides an update on growing activity at the Department of Labor with reference to ERISA benefits. For more information on Spring Consulting Group, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/spring You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 64 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by five guests who were all interviewed at the CICA International Conference in early March. The guest co-host for the episode is Anne Marie Towle, Global Captive Solutions Leader at Hylant, who discusses the captive practice's expansion over the past two years and expansion into Europe. Alex Gedge, Senior Captive Consultant at Hylant, also joins in the second half of the episode. Kristen Peed, Director of Corporate Risk Management at CBIZ, explains why the professional services firm has embarked on a captive formation feasibility study. We are also joined by two relatively new names in the Vermont captive sector. Brittany Nevins, the State's Captive Insurance Economic Development Director since September 2020, and Kevin Mead, appointed president of the Vermont Captive Insurance Association, in February 2022 will introduce themselves to listeners for the first time. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Explainer episode, Richard is joined by three legal and captive experts from the United States to discuss the 21st March judgement from the District Court of Eastern Tennessee striking down the Internal Revenue Service's controversial Notice 2016-66. The Court ruled that the Notice did not comply with the Administrative Procedure Act and labelled it “arbitrary” and “capricious”. Explaining what the ruling says, what it means in practical terms for captive owners who make the 831(b)tax election, their captive managers and advisors and the strategy of the IRS in scrutinising these captive structures are Kevin Doherty, a member of Dickinson Wright's law practice in Nashville, Cassie Bachman, Managing Director of Operations & Legal at Elevate Risk Solutions, and Gary Osborne, vice president at Risk Partners. You can listen to our previous GCP Explainer, released in May 2021, focused on CIC Services' previous victory against the Supreme Court concerning Notice 2016-66 here: https://www.globalcaptivepodcast.com/gcpsupremecourt You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Friends of the Podcast Brown & Brown, Richard is joined by Pete Kranz, Captive Practice Leader, and Matt Gravelin, Vice President, to discuss captives beyond the hard market. Pete and Matt explain how captive strategies might be adjusted if the commercial market softens or stabilises, whether we will still see such a strong interest in captive formations and the long term outlook for captives. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 63 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard Cutcher is joined by guest co-host Elke Vagenende, Global Head of Mutlinational at AIG, the Microsoft captive and employee benefits team, and Dan Towle, President of CICA. Elke discusses AIG's various touchpoint with captives, international programmes, D&O and the new lines she is seeing going into captives. Stephanie Lampi, Senior Risk Manager at Microsoft and director & officer of the computing giant's captive insurance companies, and Anthony Tropea, Global Health Benefits Manager at Microsoft, explain to listeners how their three captives are used and the collaborative approach they take to insuring international employee benefits. Finally, CICA's Dan Towle returns to the pod to review a return to an in-person International Conference in Tucson, Arizona. Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

We begin our fourth season, GCP 2022, with an episode recorded at the CICA International Conference on Tuesday, March 8 in front of a live audience. Richard is joined by eight guests for something a bit different, as they debate future trends, common misconceptions and take part in some captive trivia - a game of Captive Domicile Higher or Lower. The line-up of guests were split into teams of four: Team One: Prabal Lakhanpal, Spring Consulting Group Karen Hsi, University of California Kristen Peed, CBIZ Jim Bulkowski, EY Team Two: Heather McClure, Aon Sandy Bigglestone, Vermont Nick Hentges, Captive Resources Dan Towle, CICA You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 62 of the Global Captive Podcast, supported by R&Q Legacy, Richard is joined by Dan Towle, President of CICA, to look forward to the return of the Associations International Conference, from 6-8 March in Tuscon, Arizona. Richard and Dan also discuss ESG, plans for a first IN-PERSON GCP Live episode recording at the conference and some predications for 2022. Jim Bulkowski, Americas Captive Services Co-Leader at EY, discusses how he has seen captive programmes change over the past two years and projections for 2022, while Chris Dalziel and Roger Jones, of London & Capital, provide us with our latest quarterly investment update. For more information on the CICA International Conference, visit the website: https://www.cicaworld.com/international-conference/ Richard mentioned several ESG episodes produced in 2021. They are the following: ESG investment strategies for captives: https://www.globalcaptivepodcast.com/gcpshort42 Guernsey's ESG framework for insurers: https://www.globalcaptivepodcast.com/gcpshort44 GCP #57: Ciaran Healy on Aon's Green Captive https://www.globalcaptivepodcast.com/gcp57 Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

This GCP Short, produced in collaboration with Zurich, is all about developing and training young talent. Over 10 minutes, Richard is joined by five guests from Zurich Insurance Company who either have a keen interest in recruiting and developing the next generation of talent or are part of that generation themselves: Paul Wöhrmann, Head of Captive Services Sally Henderson, Global Head of Talent. Ildar Abdulkhaev in the Zurich Central Captive Services Team Ainara Saavedra, Captive Fronting Manager Hayley Robinson, Group Chief Underwriting Officer For more information on Zurich's captive services, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/zurich Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with London & Capital, Richard is joined by Darren Treasure, Executive Director of London & Capital's Caribbean office, and Kirk Cyrus, Managing Director for Strategic Risk Solutions in Barbados, to address the captive landscape in the jurisdiction. Darren and Kirk discuss the Barbados' domicile profile, where future growth is expected to come from and the investment attitudes of captives in the jurisdiction. For more information on London & Capital's captive services, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/londonandcapital For more information on the Barbados Risk & Insurance Management hybrid conference, to be held on March 21st and 22nd, keep an eye on: https://biba.bb/ Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with We Are Guernsey and the Guernsey International Insurance Association, we examine the utilisation of the jurisdiction's fast track pre-authorisation scheme for insurance cells. After a successful one year pilot, the GFSC has decided to extend the scheme indefinitely and Richard is joined by Mark Rogers, of Artex, Justin Upson, of Robus, and Peter Chid, of Strategic Risk Solutions, to discuss how the pilot has been used, why it is a beneficial new tool and future use cases. For more information on Guernsey, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/guernsey Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Captive Resources, we'll be looking back on another turbulent year for the business community and insurance market and assessing how the group captive concept has held up and even thrived over the past 12 months. Richard is joined by Nick Hentges, CEO of Captive Resources, and John Wilbur, CEO of the Roadmaster Group and a board member of Affinity Insurance Ltd, the group captive Roadmaster is a long-standing member of. Nick and John discuss how the pandemic and hard insurance market has impacted group captives, the Captive Investors Fund and how much further growth is expected in the sector. For more information on Captive Resources, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/captiveresources Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with R&Q, Richard is joined by Jens Ziser, R&Q's M&A representative for Continental Europe and Managing Director of BFRC, Christine Kaaz, Chief Underwriting Officer for Global P&C at ERGO Group, and Judith Zeleny, Head of Orgination at Capital Partners Munich Re. Jens, Christine and Judith discuss what reasons can motivate exploring a legacy transaction, important factors to ensure it is a success and also the options for legacy solutions concerning structured reinsurance programmes. For more information on R&Q, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/rqih To listen to GCP #58: https://www.globalcaptivepodcast.com/gcp58 Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 61 of the Global Captive Podcast, supported by legacy specialists R&Q, we explore the current growth in captive numbers in the Middle East, particularly in Dubai and Abu Dhabi, and the potential for more activity in the region. Our guest co-host Ronny Vellekoop, Senior Executive Officer for Marsh Captive Solutions, based in Dubai, explains how the risk financing culture has evolved in recent years, the impact of the hard market and the updated regulatory regime for captives in Dubai. Richard is also joined by David Schupak, EMEA Regional Director at MAXIS Global Benefits Network, who provides insight on developments with regards to EB in the region. Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Marsh Captive Solutions, we discuss the great steps forward being taken with regards digitisation in the management and operation of captive insurance companies. Richard is joined by Mike Serricchio, Managing Director and Americas Sales & Advisory Leader, Robert Welch, Senior Vice President and Director of Information Technology, and Ellyn Casazza, US Captive Advisory Practice Leader & Managing Director. The trio discuss what advances have already been made on digitisation, especially with regards to the management and operation of captives, what is coming next and how such tools can be used in programme design. For more information on Marsh Captive Solutions, visit their Friend of the Podcast page: www.globalcaptivepodcast.com/marsh Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Zurich Insurance Company, we discuss a specific group captive case study, the potential for future group captive growth in Canada and why the concept has never taken off in Europe. Joining Richard on the episode are Grant Mitchell, from Canadian transport and haulage business WestCan Bulk and Chairman of the board of directors at Fleet Resolutions Insurance Ltd. Linda DeSouza, Vice President of Automobile and Transportation at Zurich Canada. Jean-Pierre Paquet, senior vice president of the alternative risk transfer practice at Zurich Canada. And Joshua Nyaberi, who is head of captive fronting for Europe. He also supports the fronting managers in the APAC and LATAM regions. For more information on Zurich, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/zurich Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Beecher Carlson, we explore cyber insurance and how captives are playing an increasing role in various layers of programmes. Pete Kranz, Executive Managing Director and Captive Practice Leader, and Chris Keegan, a Senior Managing Director and Cyber and Technology National Practice Leader at Beecher Carlson, explain what insurance buyers are looking for in cyber coverage today, why we have historically not seen much cyber go into captive insurance companies and how that is changing now. Chris begins by providing some context on the state of the cyber market today. For more information on Beecher Carlson, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/beecher-carlson Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Friends of the Podcast TMF Group, Richard is joined by TMF's IPT Client Engagement Director Karen Jenner and Owen Wiliams, Global Programmes and Captives Regional Director, UK, Nordics & Ireland, at AXA XL. Karen and Owen discuss the considerations and challenges concerning insurance premium tax and the location of risk when it comes to global and captive insurance programmes. They explain why location is important to these calculations, what needs to be considered as captives increasingly participate in different layers of programmes and the collaboration needed with fronting partners. For more information on TMF Group, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/tmfgroup Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 60 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Mattieu Rouot, CEO of MAXIS Global Benefits Network. Mattieu discusses the five year journey MAXIS has been on since the formalisation of its joint venture between AXA and MetLife in 2016, how much growth he sees in the captive employee benefits market and what improvements can still made to the administration of these programmes. Richard also reports back from a successful European Captive Forum and features interviews with three delegates of the Luxembourg conference: Enrico Guarnerio, Chairman and CEO of Strategica Group, discusses the Italian captive market and shares his views on efforts to make Italy a captive domicile. Holger Kraus, of Siemens and captive spokesperson for Germany's risk management association GVNW, reflects on the key themes from the conference including the hard market and regulatory developments. Bertrand Gilson, of Builders Group Insurance Solutions, explains the rebranding of IRIS and the services the sophisticated captive group is looking to provide to corporate insurance buyers. In conversation with Mattieu, Richard mentions to previous episodes. Links to them are below: GCP Short: Looking back on a year of COVID-19 and captive EB programmes. Listen here: https://www.globalcaptivepodcast.com/gcpshort38 GCP #51 including an interview with Facebook's Janaize Markland. Listen here: https://www.globalcaptivepodcast.com/gcp51 For more information on the the Asian Captive Conference 2021, hosted by Labuan IBFC, visit here: www.labuanibfc.com/events/upcoming…tual-conference Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Walkers law firm in Guernsey, we address pension longevity transactions with Kate Storey, Partner at Walkers, and Ian Aley, Head of Transactions at Willis Towers Watson. Ian and Kate talk listeners through what these transactions are, why they are becoming more commonplace and why the Guernsey ICC has really come to the fore for this strategy. We also debate why using an existing single parent captive often isn't the right solution. For more information on Walkers law firm, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/walkers For more information on the the Asian Captive Conference 2021, hosted by Labuan IBFC, visit here: www.labuanibfc.com/events/upcoming…tual-conference Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In this GCP Short, produced in collaboration with Friends of the Podcast the State of Vermont, we hear the story of Kajma USA's new captive formation in Vermont this year. Mike Brown, of Kajima, provides the client perspective, while Edward Precourt, Managing Director of Marsh Captive Solutions in Vermont, provides additional insight as the captive manager involved. Sandy Bigglestone, Director of Captive Insurance in Vermont, also outlines the scale of formation activity taking place in the state again this year, and updates listeners on licence numbers. Earlier this year, GCP also heard from Dan Youngs, the CFO at Lancaster County Solid Waste Management Authority, who formed a Vermont captive at the beginning of 2021. You can listen to that episode and others featuring Vermont at their Friend of the Podcast page here: https://www.globalcaptivepodcast.com/state-of-vermont For more information on the the Asian Captive Conference 2021, hosted by Labuan IBFC, visit here: www.labuanibfc.com/events/upcoming…tual-conference Read the third edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/