In this GCP Short, produced in partnership with London & Capital, Richard is joined by Shadrack Kwasa, executive director at London & Capital, and Adele Gale, Deputy Managing Director of Robus Group in Guernsey, to discuss onboarding and implementing a new investment strategy for your captive. Shadrack and Adele debate the typical and variety of investment appetites amongst captive owners, why fixed income products are popular and the potential drawbacks of this approach and how to go about switching or onboarding a new strategy. For more information London & Capital, you can visit their Friend of the Podcast page.

In this GCP Short, produced in partnership with Hylant Global Captive Solutions, Richard brings news of the latest chapter in Butler University's student run captive insurance company. Butler originally formed its student run captive in Bermuda in 2017. The captive operates as a bona fide insurance company for the University, but also plays a key role in the education and practical experience offered to students on its risk management and insurance undergraduate course. In November last year, the pure captive was re-domiciled to Vermont and transformed into a cell captive as Butler prepares to collaborate with other public educational institutions. In a 25 minute discussion, Richard is joined by Dr Victor Puleo, Davey Chair of Risk Management and Insurance at the Lacy School of Business at Butler University, and Craig Caldwell, Dean at the Lacy School of Business. We also hear from Claire Richardson, a Butler alum and captive consultant at Hylant, who has worked with Butler on the re-domestication. For more information on Hylant Global Captive Solutions, visit its Friend of the Podcast page here. For more information on the Butler Student-Run Captive Insurance Company and its educational courses, click here. Sign up to the twice-weekly Captive Intelligence newsletter here.

In this GCP Short, produced in partnership with Marsh Captive Solutions, Richard is joined by Chris Lay, CEO of Marsh McLennan UK, William-Thomas Ferrand, International Captive Practice Leader at Marsh, and Matthew Latham, Alternative Risk Transfer Leader at Marsh UK. Chris, Will and Matt discuss the UK government's interest in establishing a captive regime, what it would mean for captive prospects and clients and what its unique selling proposition can be. Read the latest news on the UK's captive prospects on Captive Intelligence here. Chris, Will and Matt published a Thought Leadership on this topic here. For more information on Marsh Captive Solutions, visit its Friend of the Podcast page here.

In episode 99 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by two guests with exciting news to share and analyse. 01.24 - 09.37: Ellen Charnley, president of Marsh Captive Solutions, returns to the pod after the world’s largest captive manager launched ReadyCell earlier this month. ReadyCell utilises Marsh’s Mangrove protected cell company facility in Washington DC and promises a super fast set up time for new cell formations.  Ellen tells us how the product was developed and how they hope it will be utilised. 09.40 - 17.57: In November, we reported on Captive Intelligence that the first Italian captive had been formed. Richard interviews we Gabriele Frea, Head of Insurance and Risk Financing at Enel Group, who explains why they decided to ultimately re-domesticate from the Netherlands and the process involved. To keep up to date with developments in the global captive insurance market, visit Captive Intelligence and sign up to our twice weekly newsletter.

In this GCP Short, produced in partnership with Zurich Insurance and Zurich Global Employee Benefits Solutions (ZGEBS), we focus on social inflation, international employee benefits and the broader captive growth environment in America. Adriana Scherzinger, Head of Captives and Alternative Risk Solutions at Zurich North America, and Allen Kirsh, SVP and Head of Claims, Judicial and Legislative Affairs at Zurich North America, share with us the direction of travel for social inflation and what the commercial market is doing to mitigate its impact. They also consider the knock-on effect for captives and how they can respond. We are also joined by two leaders from ZGEBS – Arnau Vila, Head of ZGEBS, and Guy Worsey, Director of Customer & Distribution Management for the Americas, who discuss trends in international employee benefits programmes. If you would like more information on Zurich Insurance, visit its Friend of the Podcast page on the Captive Intelligence website.

In episode 98 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by three professionals working in or with insurtechs and with a particular interest in captives. 01.29 - 16.54: The first half of Richard's interview with Matthew Grant, CEO of Instech, who discusses the evolution of the insurtech world and the increasing focus on insurance buyers. 17.00 - 36.20: Richard and Cameron MacArthur, founder and CEO at A.I. Insurance Inc, discuss where captives sit in adopting technology, and the potential for AI disruption now and in the future. 36.58 - 46.54: Joshua Pyle, vice president and head of risk & captive management at Boost, discusses the wider tech opportunities for captives, but also brings us up to speed on his role and the aims of Boost. 47.19 - 54.13: The second half our interview with Matthew Grant, of Instech, where he discusses the opportunities for captives in insurtech. For the latest news, analysis and thought leadership from the global captive market, sign up for the ⁠Captive Intelligence twice-weekly newsletter⁠.

In this GCP Short, produced in partnership with HDI Global, and recorded in November at the European Captive Forum. As we have reported throughout 2023, HDI has been expanding its captive fronting and alternative risk offerings and in this episode, Richars is joined by four members of the team from across Europe and the United States, as well as Nate Reznicek, President & Principal Consultant of Captives.Insure in the US. From HDI, we hear from Etienne de Varax, Head of HDI’s Centre of Excellence for Risk Finance Solutions, and Captive Portfolio Manager Jelto Borgmann, based in France and Germany respectively, and US-based duo Marco Hansel, Senior Vice President and Underwriting Lead, and Jason Tyng, Vice President and Captive Lead. For more information on HDI Global and its captive services, visit its Friend of the Podcast page. For the latest news, analysis and thought leadership on the global captive insurance market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In episode 97 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by a range of guests to discuss a variety of topics. Timestamps and guests below: 00.00 - 01.34: Richard introduces the episode and our four guests. 01.34 - 21.53: Speaking in a personal capacity, experienced captive reglator Steve Kinion provides first hand insight into the long running legal dispute between the Delaware Department of Insurance, and the Internal Revenue Service, regarding access to documents concerning captives that were under investigation. He reflects on the outcome, and the potential implications. 21.58 - 36.08: Luke interviews Rick Da Costa, Partner and National Leader for Corporate and Regulatory Insurance & Reinsurance at Borden Ladner Gervais LLP, who brings us up to speed on activity in Alberta and its appeal as a new captive domicile for Canadian businesses. 36.11 - 48.48: Dennis Moore, Senior Sales Executive, and Scott Kurland, Managing Director at SS&C Technologies, tell us about their roles at SS&C and how they fit into the captive value chain. The SS&C Insurance Solutions team will be attending the World Captive Forum next month in Orlando, Florida, so feel free to reach out to speak with a representative. Richard referenced several articles and previous episodes during GCP #97. See links below. GCP Explainer: IRS vs Delaware Department of Insurance Hearing highlights: IRS totally fails to engage, 831(b) captives will close Domicile landscape evolving fast for Canada’s prospective captive owners Delaware updates regulation of Side A D&O and capitalisation requirements For the latest news, analysis and thought leadership from the global captive market, sign up for the Captive Intelligence twice-weekly newsletter.

In this GCP Short, produced in partnership with Zurich Insurance, Richard is joined by Emma Sansom, group head of captives at Zurich, and Francesco Capraro, reinsurance captive operations manager for Saipem’s Switzerland-domiciled captive, Sigurd Ruck. Emma, Francesco and Richard spend 30 minutes reflecting on some of the themes emerging from the European Captive Forum in Luxembourg, including discussion on fronting and reinsurance structures, parametric products, cyber and what needs to be done to secure the next generation of talent for the captive industry. Richard references a previous GCP Short on cyber risk and captives, featuring the Solvay insurance team and CISO. Listen to it here. For more information on Zurich Insurance and its captive services, visit its Friend of the Podcast page here. For the latest news, insight and thought leadership from the global captive industry, visit Captive Intelligence and sign up for our twice-weekly newsletter.

In this GCP Short, produced in partnership with Friend of the Podcast AXA XL, Richard is joined by Marine Charbonnier and Julien Guénot to discuss a very topical theme - the growing interest in home domiciling in Europe. This conversation was recorded at the European Captive Forum in November with Marine, Head of Captives and Facultative Underwriting in APAC & Europe, and Julien, Regional leader of the Southern Europe markets at AXA XL, which includes France, Spain and Italy. Stories referenced during Richard's introduction and the podcast discussion: Enel forms first Italian captive. Four French captives formed to date in 2023. UK captive consultation to launch in spring 2024. For more information on AXA XL's captive services, visit its Friend of the Podcast page here. For the latest news, analysis and thought leadership on the global captive insurance market visit Captive Intelligence and sign up to our twice-weekly newsletter.

In episode 96 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard brings three distinct segments including a quarterly investments update, and discussions on voluntary benefits and captive solutions for the US middle market. 01.25 - 19.55: Andy Jeckells, co-CEO at I-RE, discusses why he is targeting America’s middle market for further expansion and uptake of captive solutions. I-RE are captive underwriting specialists based out of London, Bermuda and Miami. Andy shares his history, the I-RE proposition and his views on the captive landscape more broadly for the US middle market. 20.27 - 32.14: We have our latest quarterly investments update from London & Capital with Shadrack Kwasa, executive director, and Rabbani Wahhab, senior fixed income fund manager. 32.56 - 43.54: Kirk Watkins, founder and president of Promethean Risk Solutions, discusses captive-backed voluntary benefits and affinity programmes with Gary Osborne and Dave Provost, two of his advisory board members. For the latest captive insurance news, analysis and thought leadership visit Captive Intelligence and sign up for our twice-weekly newsletter.

In episode 95 of the Global Captive Network, supported by the EY Global Captive Network, Richard is in Nashville, Tennessee to find out the latest independent captive manager, Strategic Risk Solutions. 01.55 - 13.27: CEO Brady Young and president Ron Sulisz discuss the firm's recent inward investment from Integrum Holdings LLP and its future plans for growth. 13.57 - 26.50: Captive owner Tony Sanchez, CEO of OneNexus Environmental, explains his fairly unique captive in Oklahoma, with Andrew Marson, a managing director at SRS. Read more about OneNexus here. 27.20 - End: Our last discussion is with Jeff Fitzgerald, who returned to the firm in August as managing director of a new division, SRS Benefit Partners, and Wendy Dine, an experienced benefits specialist with SRS for 11 years. SRS announced today it had launched SRS Altitude, a managing general underwriter based out of Zurich. Read that story here. For the latest captive insurance news, visit Captive Intelligence and sign up to our twice weekly newsletter.

In this GCP Short, produced in partnership with Marsh Captive Solutions, Richard is joined by Lorraine Stack, International Sales and Consulting Leader, and Maria Arana, Marsh's ESG Leader Europe. Maria and Lorraine discuss how the commercial market is factoring ESG metrics into underwriting decisions, the ways we are already seeing captives contribute to ESG efforts and the direction of travel for both the commercial market and captives. For more information on the ESG Risk Rating, referenced by Lorraine, click here. To download the ESG Underwriting Survey, referenced by Maria, click here. For more information on Marsh Captive Solutions, visit their Friend of the Podcast page.

This GCP Short, produced in partnership with We Are Guernsey and the Guernsey International Insurance Association, discusses the evolution of the governance landscape in Guernsey specifically, the role of independent non executive directors (iNEDs) on captive boards. Richard hosts an engaging debate on iNEDs, the demands of the role, the possible restriction on the number of appointments, and whether more captive domiciles should make them a requirement. The guests are: Airmic CEO Julia Graham, an iNED on three captive boards in Guernsey Peter Child, CEO for Europe at Strategic Risk Solutions Nick Wild, a local iNED with a long background in captive management. In the introduction Richard references a previous GCP Short episode featuring a group European iNEDs debating the value of outside board directors. Listen here. The updated Airmic Captive Governance Guide is referenced. You can download it here. The Non-Executive Director (NED) Development Programme is referenced and discussed by Nick. For more information on the course, visit the GTA University Centre website. For more information on Guernsey as a captive domicile, visit its Friend of the Podcast page here.

In this GCP Short, produced in partnership with MAXIS Global Benefits Network, Richard shares a live discussion recorded with two experienced EB captive users: Marc Bentley, Director of Risk Finance at IHG, and Matthias Helmbold, Vice President of Global Risk Benefits, Health and Wellbeing at DHL. Marc and Matthias explain when, why and how their respective companies started reinsuring international employee benefits in their captive, lessons learned along the way, how their programmes have evolved over time and what they want to achieve in the future. The episode is introduced by Richard and Aaron Brown, Regional Manager for Business Development in the UK & Ireland at MAXIS. For more information on MAXIS and its captive services, visit its Friend of the Podcast page. Stay up to date with all major developments in the captive market by signing up to the twice-weekly Captive Intelligence Newsletter.

In this GCP Short, produced in partnership with Spring Consulting Group, Richard shares the cast study of the Haskell Company deciding to move out of a group captive structure to form its own single parent captive in Vermont. Haskell Company’s CFO Bradford Slappey and Jeff Caudill, Vice President of Risk Management, discuss the profile of the company, the lines originally insured through the group captive and why they came to the decision to establish a pure captive. Prabal Lakhanpal, senior vice president at Spring, explains the process involved and why Haskell and why its risk profile made a good candidate. For more information on Spring Consulting Group, visit its Friend of the Podcast page on Captive Intelligence here. Stay up to date with all major developments in the captive market by signing up to the twice-weekly Captive Intelligence Newsletter.

In this GCP Short, produced in partnership with Swiss Re Corporate Solutions, Richard explores the viability of more captive adoption of parametric policies. Thomas Keist, Global Captive Solutions Leader, and Jan Bachmann, Head of Innovative Risk Solutions, explain how a captive can be utilised to absorb that basis risk that usually exists in a parametric policy. Adrien Norulak, Head of Risk Analytics and Director of Innovation & Technology at Swiss Re, discusses how Risk Data Services (RDS) can also be used to minimise the basis risk and contribute to more accurate modelling and parametric triggers. Adrien will be presenting on this topic at the European Captive Forum alongside client Fabien Couillard, insurance manager at TetraLaval, from 4.15pm on Wednesday, 8 November. Read the Captive Intelligence long read on parametric insurance and captives here. Stay up to date with all major developments in the captive market by signing up to the twice-weekly Captive Intelligence Newsletter.

In episode 94 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard debates the potential for the UK to become a captive domicile after the Government hosted a roundtable on the topic. 02.18 - 26.00: Caroline Wagstaff, CEO of the London Market Group, which is lobbying hard for the initiative, and Charles Winter, Head of Strategic Risk Consulting at Aon Global Risk Consulting, discuss the background and analyse its potential for success. 27.25 - 44.00: Matthew Latham, formerly of AXA XL, Risk Transfer Leader in the Financial Solutions Group at Marsh, discusses reinsurance trends and solutions for captives, parametric policies and the legacy environment. Read the Captive Intelligence coverage of the UK captive domicile developments here, and Airmic's response here. Stay up to date with all major developments in the captive market by signing up to the twice-weekly Captive Intelligence Newsletter.

This GCP Short, produced in partnership with We Are Guernsey and the Guernsey International Insurance Association (GIIA), shares another story of a new captive owner and the rationale behind its risk financing strategy. Joshua Cryer, Director of Risk and Insurance at THG, a fast growing UK plc, tells us about THG, why a captive became a relevant option for the group two years ago, how they went about forming the captive and how he hopes to utilise it in the future. Alex Symons, associate director at Aon Insurance Managers in Guernsey, provides the captive manager perspective on formation and utilisation, and explains why Guernsey is home to so many UK Plc-owned captives. There is also a good discussion on governance and the value of non-executive directors. For more information on We Are Guernsey and GIIA, visit their Friend of the Podcast page. For the latest breaking news, analysis and thought leadership from the global captive market, visit Captive Intelligence and sign up to our twice weekly newsletter here.

In episode 93 of the Global Captive Podcast, supported by the EY Global Captive Network, and hosted by Richard Cutcher. Richard brings listeners live interviews from the Bermuda Captive Conference that took place 12-14 September. 01.43 - 07.04: Eduardo Fox, a consultant to Appleby law firm and Davies Captive Management, is the latest recipient of the Fred Reiss Lifetime Achievement Award, in recognition of his contribution to the domicile, particularly in business development for Latin American captives. 07.35 - 11.00: Michelle Sivanayson, recently appointed as Marsh Captive Solutions’ new islands practice leader, based out of Bermuda. She discusses her new role and plans for further development of the captive practice in the region. 11.53 - 20.38: Local reinsurance broker Michael Woodruffe, president of Kirkway International Limited, is focused almost entirely on North American captive and MGA business. He explains why "captive business is the best business" for reinsurers. 21.14 - 27.25: Grainne Richmond, executive vice president and head of captives at Aon Bermuda and director and lead chair of the Bermuda Captive Network. Grainne shares the lates update on developments and progress of the Bermuda Captive Network and why it is important to attract new talent. 28.00 - 32.00: Pierrick Livet, senior manager in insurance advisory at KPMG in Bermuda. Pierrick and Richard were on the opening panel of the conference where we discussed evolving captive ownership structures, emerging risks and multi-captive strategies. For the latest breaking news, analysis and thought leadership from the global captive market, visit Captive Intelligence and sign up to our twice weekly newsletter here.

In this GCP Short, produced in partnership with Marsh Captive Solutions, Richard is joined by two vice presidents from the consulting team discuss their career progress to date and the variety of client projects they have been working on. Domenico Pettinari and Finky Yan address the growth in third party risks, new captive formations and an enlightening comparison of cell captives to a Manhattan apartment, which I particularly enjoyed and pretty sure I will be using in the future. For more information on Marsh Captive Solutions, visit their Friend of the Podcast page here. For the latest breaking news, analysis and thought leadership from the global captive market, visit Captive Intelligence and sign up to our twice weekly newsletter here.

In this GCP Short, produced in partnership with Hylant Global Captive Solutions, we bring you another new captive owner story. Richard is joined by Hylant's Anne Marie Towle and Adam Miholic, who discuss with Adam Binder, Category Director for the Indirect Spend Program at Topco Associates, LLC, how and why the company formed a sponsored captive in Vermont in November 2022. For more information on Hylant's captive services, visit their Friend of the Podcast page here. For the latest breaking news, analysis and thought leadership from the global captive market, visit Captive Intelligence and sign up to our twice weekly newsletter here.

In episode 92 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by three guests to debate what impact and relevance the unfolding fraudulent collateral scandal concerning insurtech Vesttoo has for cell structures and collateral in the captive market more broadly. 04.22 - 16.13: Joseph Holahan, Partner at BakerHostetler, reacts to the Vesttoo case and explains some of the potential legal ramifications for cell structures in Bermuda and beyond. 16.18 - 22.00: EY's Andrew Christie explains the different types of collateral captives typically use, shares insight into how captives and fronting companies usually work together on collateral and what impact, if any, the Vesttoo fallout might have on fronting and collateral arrangements for captives. 22.00 - End: Sandy Bigglestone, Vermont’s deputy commissioner for captive insurance, explains why she took the step of writing to local captive managers requesting they report if they have any exposure to the Vesttoo case. Further reading: Richard recommends the Artemis.bm coverage of the ongoing Vesttoo story and to keep up to date with each development. For the latest news, analysis and thought leadership on the global captive market, subscribe to the twice-weekly Captive Intelligence newsletter.

In this GCP Short, produced in partnership with the State of Vermont, Richard has another really interesting, and high profile, captive case study, as listeners hear from the John Deere captive team. The manufacturing and agricultural equipment giant has owned a captive in Vermont since 2004. Aileen Krehbiel, manager of captive insurance programs at John Deere, and Sammi Jones, senior financial analyst at the company, discuss the captive’s profile today, and how its grown and evolved over near 20 years. We also hear from Heidi Rabtoy, chief examiner at the Vermont Department of Financial Regulation, to provide some perspective on how they regulate older, larger captives and the unique considerations concerning extended warranty business. For more information on the State of Vermont's captive sector and regulation, visit their Friend of the Podcast page. For the latest breaking news, analysis and thought leadership from the global captive market, visit Captive Intelligence and sign up to our twice weekly newsletter here.

In episode 91 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard shares five short interviews he recorded at the VCIA annual conference in Burlington, Vermont earlier this month. 01.05 - 04.17: New Spring Consulting hire T.J. Scherer discussed his role as vice president with a focus on propery & casualty and his captive background. 04.36 - 08.20: Kelly Mahncke, CFO of USA Hockey, details how the sports organisation utilised its Vermont captive, Hockey and Rink Protection, Inc. 09.16 - 16.09: Dale Sagen, recently appointed as Vice President and Business Development Leader for Cell Captive and Accident & Health at QBE North America, discusses the insurer's formation of Champlain Insurance PCC in Vermont and how it will support its medical stop loss services. 16.38 - 22.21: Dan Duncan, captive specialist at Agile Premium Finance, a business that is working with captives on providing premium financing. 22.55 - 29.53: Bill Hodson, of Gulfstream Risk Advisors, and Rick Wiseley, co-founder of insurtech Stere, explain embedded insurance and why they see an opportunity for collaboration with captive insurers and risk retention groups (RRGs). For the latest news, analysis and though leadership from the global captive market, sign up to the twice-weekly Captive Intelligence newsletter.

In episode 90 of the Global Captive Podcast, supported by the EY Global Captive Network, we bring you the first set of interviews recorded at the Vermont Captive Insurance Association (VCIA) annual conference. Richard is joined by Jim DeVoe-Talluto, Assistant Director of Captive Insurance at the Department of Financial Regulation. We also catch up with Dan Youngs, CFO of Lancaster County Solid Waste Management Authority (LCSWMA), which formed a Vermont captive in 2021. Dan updates us on the organisation’s captive journey and how having a captive has re-focused efforts around risk management. Finally, Richard speaks to Jennifer Gagnon and Danielle Brown, two captive professionals heading up the new Vermont Captive Insurance Emerging Leaders initiative. For more information on the State of Vermont, visit its Friend of the Podcast page on Captive Intelligence. For the latest news, analysis and though leadership from the global captive market, sign up to the twice-weekly Captive Intelligence newsletter.

In this GCP Short, produced in partnership with HDI Global, Richard is joined by Marco Hensel, Senior Vice President and Underwriting Lead for HDI Global in the US, and Jason Tyng, ARM Vice President and Captive Lead. Marco and Jason, who first appeared on the pod earlier this year when interviewed at RISKWORLD, give listeners a breakdown on how international programmes work, the respective roles for a captive and fronting partner, and the key elements to get right. For more information on HDI Global, visit their Friend of the Podcast page on Captive Intelligence. For the latest news, analysis and though leadership from the global captive market, sign up to the twice-weekly Captive Intelligence newsletter.

This GCP Short, produced in partnership with Captive Resources, is all about medical risk management and the benefit to group captive members. Richard is joined by: Joan Enoch, Human Resources Manager at Lift-All Company, Inc, a member of the Well Health group captive Mike Van Ham​​​​, Senior Vice President for Health & Wellbeing at Captive Resources. And Joe Parrilli, Senior Vice President for Medical Stop Loss at Captive Resources. Joan shares her first-hand experience of being a group captive member and some of the benefits her and her company get from specific medical risk management initiatives. For more information on Captive Resources, visit their Friend of the Podcast page here. For all the latest news, analysis and thought leadership from the global captive market, sign up to the Captive Intelligence twice-weekly newsletter.

This GCP Short, produced in partnership with TMF Group, is all about the tax considerations for non-US captives writing insurance in the United States. Richard is joined by US-based tax attorney Asher Harris and Joseph Finbow, IPT Assurance Director at TMF.  Asher and Jo discuss the relevant IPT, federal excise and other taxes relevant for captives doing business in the United States, the impact of using different domiciles and closing agreements. For more information on TMF Group and their captive services, visit their Friend of the Podcast page on the Captive Intelligence website.

In episode 89 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by Oliver Wild, President of Amrae, who explains why the French risk management association has lobbied hard for a captive regime and his reaction to the legislation now in place. Developments in France is one of the stories we have covered most extensively since launching Captive Intelligence in December 2022, and Wild, who is also Group Chief Risk and Insurance Officer at Veolia Environnement, provides insight on how big the French captive market could be. We also have an interview with Gerry Willinger, Co-founder and Chief Risk Officer of OneNexus, a captive owner in Oklahoma, that is providing risk transfer solutions for Asset Retirement Obligations ("AROs") concerning the decommissioning of wells in the oil and gas sector. 2.24 - 17.55: Amrae's Oliver Wild on the motivations for lobbying for a French captive regime, reaction to the results and the Association's plan to start a Captive Federation. 18.53 - 32.27: Gerry Willinger, of OneNexus, explains the business plan behind their cell captive in Oklahoma. 32.30 - end: Amrae's Oliver Wild on whether there could re-domestications of overseas captives back to France and the potential numbers of new captive formations. For all the relevant news and analysis on developments in the captive insurance sector, visit Captive Intelligence and sign up to our twice-weekly newsletter here.

In episode 88 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard brings listeners three more interviews conducted at RISKWORLD 2023, in Atlanta in May. 1.40 - 10.50: Bermuda-based Brian McNamara, Regional Head of Multinational, North America and Global Head of Captive Solutions at Allianz Global Corporate & Specialty, discusses AGCS' continued expansion into the captive sector and the trends he and his team are experiencing. 11.30 - 23.55: Franck Baron, President of the International Federation of Risk and Insurance Management Associations (IFRIMA) and Group Deputy Director of Risk Management & Insurance at International SOS, gives his reaction to the new captive regime in France, shares details of a new Asian captive association, and, with his day job hat on, explains why the International SOS captive has become a signatory of the United Nations’ Principles for Sustainable Insurance (PSI). 24.37 - 34.58: Pierrick Livet, Senior Manager in Advisory at KPMG Bermuda, discusses a range of trends he is seeing in the most mature captive market in the world. Ensure you are kept up to date with the most relevant news, analysis and thought leadership from the global captive sector by signing up to the Captive Intelligence twice-weekly newsletter.

In episode 87 of the Global Captive Podcast, supported by the EY Global Captive Network, we share two interviews with MGAs that are particularly interested in providing unique underwriting expertise and capacity to captive owners. 1.40 - 14.14: Senior reporter Luke Harrison is joined by Charlie Hanbury, CEO of Samphire Risk, and Andy Hulme, director of underwriting at captive manager Strategic Risk Solutions. Samphire is an agency focused on providing cover for malicious and hostile risks, such as terrorism, political violence, kidnap & ransom and other broader crisis response products. 14.15 - end: Ryan Dodd, CEO and founder at Intangic, and Mark Heath, head of insurance and chief underwriting officer at Intangic MGA, outline their unique take on cyber being underwritten as a high frequency, low severity product and the role of the capacity, backed by AXA XL, they are providing as a parametric product, for corporates in supporting the CISO and cybersecurity budgets. For breaking news, data-led analysis and thought leadership, visit Captive Intelligence and sign up to our twice-weekly newsletter here.

In this GCP Short we provide a bit more context and detail on what the much mooted Lloyd’s Captive Syndicate is, how it will work and what kinds of companies it might be suitable for. In April, Captive Intelligence reported that the historic insurance marketplace is working with an applicant that could establish the first Captive Syndicate in Lloyd’s in more than 20 years. Richard is joined by two professionals that know Lloyd’s and the business of launching and managing syndicates like the back of their hand. Keith​ Nevett is Head of Business Development at managing agent Asta, which is part of the Davies Group, and Bob Stevenson, a Consultant with Asta. Whittington, the precursor to Asta, was in fact the managing agent for those three original captive syndicates in the 1990s. Bob worked for Lloyd’s from 2005 to 2017, and prior to that he was buyer of reinsurance at several large multinational insurers. Keith and Bob demystify much of how Lloyd’s operates, what the benefits of a Captive Syndicate may be and how it is managed, and the different ways they can see a Lloyd’s Captive can fit into and complement a multi-captive strategy. Captive Intelligence is the go-to platform for breaking news, in depth data-driven analysis and thought leadership on the global captive insurance market. Sign up to our twice weekly newsletter here.

In this GCP Short, we preview the Vermont Captive Insurance Association conference being held in Burlington, Vermont from August 7 to August 10. VCIA certainly is a must-attend item on the captive conference calendar, particularly for those active in the US captive market but Vermont is also home to many overseas owned captives as well. Over twenty minutes, Richard is joined by VCIA president Kevin Mead and Aaron Hillebrandt, principal and consulting actuary at Pinnacle Actuarial Resources but also conference chair for this year’s event in Burlington. Kevin and Aaron discuss some of the highlights on the 2023 agenda, including the content and activities particularly relevant for the large cohort of new captives formed in the domiciles over the past three years and a renewed effort to attract and engage the next generation of captive leaders. To register for the conference, visit here. The discounted early bird registration ends on the 30th June.

This GCP Short, produced in partnership with Zurich Insurance, takes a real deep dive into cybersecurity and the role for captives in both risk financing and supporting risk management on the fast evolving and difficult to insure risk. Richard is joined by three members from the risk, insurance and cybersecurity teams at Belgian multinational chemical company and captive owner Solvay, as well as Andreas Ruof, head of proposition development & senior captive services specialist at Zurich, and Vivien Bilquez, principal cyber risk engineer at Zurich Resilience Solutions. From Solvay, we hear from have Sonia Cambier, head of corporate insurance and prevention, Luxembourg-based captive director Xavier Groffils, and Xavier Paulus, the group’s deputy chief information security officer (CISO). This is the first time we have had a CISO on the pod, and the insight we receive from the Solvay team on their risk and insurance challenges, and how they work together on solutions, including utilization of the captive, is a really fascinating discussion. For more information on Zurich's captive services, visit their Friend of the Podcast page. For breaking captive news, in-depth analysis and thought leadership, visit Captive Intelligence. Sign up to the twice-weekly newsletter here.

In episode 86 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard sits down with Stacy Apter, vice president and corporate treasurer at the Coca-Cola Company, while visiting Atlanta, Geogia for RISKWORLD. Stacy is known to many in the captive market from the various roles she has held at Coke since joining in 2005, which included risk and insurance and global benefits positions, and gives her an incredibly rounded outlook on how the risk, insurance and captive market can be utilised most effectively to support Coke’s financial and business goals. We are also joined by Jason Flaxbeard, of Brown & Brown, a familiar voice for regular listeners to the pod, and who works closely with Stacy and Coke’s risk and insurance team on their captive programme. Stacy and Jason talk in depth about the philosophy driving Coca-Cola’s captive strategy, and how they want to see the insurance market evolving further. To stay up to date with all news, analysis and thought leadership on the global captive market visit Captive Intelligence and sign up to our twice-weekly newsletter here.

In this GCP Short, produced in partnership with EY’s Global Captive Network, Richard is joined by Paul Phillips, Partner and Global Captive Network Co-Leader at EY, and Lisa Wall, Executive Vice President and Risk Finance Practice Leader at Lockton, for a fascinating 18-minute conversation. Recorded at the CICA International Conference in Palm Springs, in Marsh, Richard, Paul and Lisa debate whether the power of captives remain undervalued, if they should no longer be considered the ‘alternative market’ as they become more mainstream, how to push the envelope further with captive owners and what role self-insurance vehicles have in insuring ESG-related risks. For more information on EY's Global Captive Network and services, visit their Friend of the Podcast page here. For the latest news, analysis, long reads and thought leadership on the global captive market, visit Captive Intelligence and sign up to our newsletter here.

In episode 85 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard shares three of the interviews he recorded while attending RISKWORLD in Atlanta, Georgia, from April 30 to May 3. 1.50 - 14.00: Ellen Charnley, President of Marsh Captive Solutions, sat down with Richard to discuss the world's largest captive manager's latests statistics and trends, which included forming 370 new captives over the past three years and 1,900 under management in total. 14.00 - 21.40: FERMA president Dirk Wegener joined the pod for the first time, discussing Solvency II, the new home domiciling trends in Europe, and captive activity on the continent more generally. 21.40 - end: Jason Tyng, Vice President of HDI Global's new US Captive Solutions Group, and Marco Hensel, Senior Vice president and Underwriting Lead for HDI Global, based in Chicago, discuss the insurer's recent entrance into America's booming captive fronting market. For the latest global captive news, analysis and thought leadership, visit Captive Intelligence and sign up to our twice weekly newsletter here.

In episode 84 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by Fluid Truck's Courtney Claflin to discuss their new captive formation, London & Capital's Shadrack Kwasa and Rabbani Wahhab to review the Q1 economic landscape, and three members of CICA's NextGen initiative - Claire Richardson, Dylan Feringa and Bailey Roese. Time stamps 0.00 - 3.00: Introduction 3.00 - 10.30: Courtney Claflin, head of insurance, discusses Fluid Truck's captive formation in Washington DC. 10.40 - 23.30: Shadrack Kwasa, executive director, and Rabbani Wahhab, senior fixed income fund manager, discuss a messy quarter involving inflation edging lower, a confusing jobs market and banking disruption – and, of course, what all that means for captives and their investment managers. 24.30 - 39.50: CICA NextGen members Claire Richardson, of Hyant, Dylan Feringa at PNC Institutional Asset Management, and Bailey Roese, partner at Dentons, discuss why they have got involved and what appeals to them about the captive insurance industry. For all the latest news and analysis of the global captive insurance market, visit CaptiveIntelligence.io and sign up to our twice-weekly newsletter here.

This GCP Short, produced in partnership with EY, has been recorded in response to the publication of new Internal Revenue Service proposals concerning captives making the 831(b) tax election. Captive Intelligence published a long read on Friday, 21 April with reaction from across the industry to the proposed regs which sets out definitions that would designate some, potentially many, micro-captives as ‘listed transactions’, and others as 'transactions of interest'. In this 18 minute discussion, Richard is joined by EY partners and captive leaders Paul Phillips and Mikhail Raybshteyn who give their view on the situation as it stands, and what the proposed regulations will really mean in practice for captive owners, service providers and the wider industry. You can read EY's tax alert on the proposed regulations here, and visit their Friend of the Podcast page for more information on EY's captive services.

In this GCP Short, produced in partnership with Brown & Brown, Richard is joined by Matthew Takamine, Captive Practice Leader at Brown & Brown, David Beyer, Director of Risk Management at Alaska Airlines, and Paul Shimomoto, Partner at Hawaii law firm Goodsill. The trio discuss the profile and recent development of Hawaii as a captive domicile, new trends such as Side A D&O going into Hawaii captives and Alaska Airlines' own risk financing and captive strategy. For more information on Brown & Brown's captive practice, visit their Friend of the Podcast page here. For breaking news, analysis and thought leadership visit Captive Intelligence here.

In episode 83 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by a four guests. Time stamps below: Start - 13.50: Jayesh Patel, Global Head of Market Practice Management for Multinational at Allianz Global Corporate & Specialty (AGCS), and Richard discuss the commercial insurer's restructuring and focus of captive business globally. 13.50 - 26.22: Recorded at the CICA International Conference in March, Senior Reporter Luke Harrison interviews Justin Bahorik, Director of Insurance and Risk Management at Geodis in the US, about the Tennessee captive formed by the transport and logistics company last year. 26.24 - End: Richard is joined by Olga Collins, CEO of the Worldwide Broker Network, and John Harris, Group Business Development Director at Robus Group, to discuss the growing importance and value of captives to WBN members. For the latest global captive news, analysis and though leadership, visit Captive Intelligence.

In episode 82 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by guest co-host Ludovic Bayard, CEO of General Employee Benefits, and Valérie Scheepers, head of the non life and reinsurance department at Luxembourg's Commissariat aux Assurances. Ludovic discusses Generali’s employee benefits captive portfolio, some of the challenges and opportunities he sees in the space, as well as GEB's own move to Luxembourg five years ago. Valérie will bring us up to speed on recent and future captive licensing activity in the EU’s largest captive domicile, imminent changes to captive regulation in Luxembourg and also has some very interesting comments regarding the prospect of cell companies being introduced in the jurisdiction. For the latest global captive news, analysis and though leadership, visit Captive Intelligence.

In this GCP Short, produced in partnership with the State of Vermont, Richard is joined by Kristen Peed, Director of Corporate Risk Management at professional services firm CBIZ, and Sandy Bigglestone, Vermont’s Deputy Commissioner for Captive Insurance. Kristen brings listeners up to speed on CBIZ's recent captive formation in Vermont - Rockside Insurance Company - and shares her experiences of the full startup process. Sandy discusses the CBIZ application and updates listeners on recent formation activity in the State. For more information on Vermont as a captive domicile, visit its Friend of the Podcast page here. For the latest news, analysis and thought leadership on the captive insurance sector, visit Captive Intelligence.

In this GCP Short, produced in partnership with the EY Global Captive Network, Richard is joined by Emiliano Luzzi, partner and insurance consulting leader in Luxembourg, and Vittorio Zaniboni, captive and insurance excellence leader, to discuss the recent expansion into Luxembourg. In a 15 minute discussion, Emiliano tells us about the development of EY’s insurance practice in Luxembourg over the past 18 months and its main areas of focus, while Vittorio explains the role he sees for EY in employee benefits consulting. For more information on the EY Global Captive Network, visit their Friend of the Podcast page here.

In episode 81 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by guest co-host Emma Sansom, group head of captives at Zurich, who discusses her priorities in the new role, their view on D&O in captives and Zurich is supporting more cyber captive programmes. There is also an interview with Megan Ogden, chief operating officer at Energy Insurance Services, a sponsored captive in South Carolina which provides cell facilities to members of Energy Insurance Mutual. Both interviews reference a recent Long Read on Captive Intelligence about renewable energy companies and their interest in utilising captives. Read it here. For more information on Zurich's captive services, visit their Friend of the Podcast page here.

This GCP Short is produced in partnership with Hylant Global Captive Solutions, and explores their view and strategy for expansion into the European market. In a 15 minute discussion, Richard is joined by Anne Marie Towle, CEO of Global Captive Solutions at Hylant, and Alexandra Gedge, Senior Captive Consultant based in London. Anne Marie and Alex outline Hylant’s observations of the market on this side of the pond and their ambitions to provide captive management and consulting in the UK and Europe. For more information on Hylant's Global Captive Solutions, visit their Friend of the Podcast page.

This GCP Live episode was recorded in front of a live audience as the closing session of the CICA International Conference in Palm Springs, California on Tuesday, 7 March. Richard is joined by eight guests for a fun discussion, including hearing something new about each captive professional, sharing examples of captive innovation and competing in more captive trivia. The eight panellists are: Nick Troxell, Manager of Global Captive Fronting, Allianz Cheryl Baker, Head of North American Risk Management, Stellantis Jason Flaxbeard, Executive Managing Director – Alternative Risk, Brown & Brown Anne Marie Towle, Global Captive Solutions Leader, Hylant Dan Towle, President, CICA Theresa Severson, Vice President of Insurance & Risk Management, Kite Realty Paul Phillips, Partner and Global Captive Network Co-Leader, EY Adriana Scherzinger, Head of Captives and Alternative Risk Solutions, Zurich North America For news, analysis and thought leadership on the global captive insurance market, visit the Captive Intelligence website.

This GCP Short, produced in partnership with AXA XL, is all about Asia Pacific captives including life and non-life in their portfolio. In a 20 minute discussion, Richard is joined by Friends of the Podcast Shiwei Jin, Head of Global Programs for APAC & Europe at AXA XL, and Juliet Kwek, Regional Director for MAXIS Global Benefits Network in Asia Pacific. Shiwei and Juliet discuss recent life and non-life captive activity in the region, what opportunities and challenges there are for employee benefits in captives and domicile developments as well. For more information on AXA XL's captive services, visit their Friend of the Podcast page. For more information on MAXIS GBN's captive services, visit their Friend of the Podcast page.

In episode 80 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by the Presidents of RIMS and CICA, respectively. Jennifer Santiago, head of risk management & safety at Wakefern Food Corp, is in the co-host's chair in her capacity as the new President of RIMS and discusses her long and varied background with captives and how she's seen the value of captives only be emphasised and become more mainstream during this hard market cycle. We also discuss RISKWORLD, RIMS' annual conference taking place in Atlanta from 30 April to 3 May. Dan Towle, President of the Captive Insurance Companies Association, drops in to preview CICA's International Conference that begins in Rancho Mirage, California, on Sunday, 5 March. For more news, analysis and thought leadership on the global captive insurance market, visit and subscribe to Captive Intelligence. Sign up to the twice-weekly Captive Intelligence newsletter here.

In this GCP Short, produced in partnership with EY, is all about getting transfer pricing right and the various considerations when allocating premium. In an 18 minute discussion, Richard is joined by Mikhail Raybshteyn, EY Partner and Americas Captive Insurance Services Co-Leader, and Nicole Henderson, EY Financial Services Transfer Pricing Senior Manager, to discuss these issues, as well as how transfer pricing is currently being scrutinised by the IRS on both international and domestic captive programmes. For more information on the EY Global Captive Network, visit their Friend of the Podcast page on the Captive Intelligence website. For more news, analysis and thought leadership on the global captive insurance market, visit and subscribe to Captive Intelligence.

In episode 79 of the Global Captive Podcast, Richard is joined by Nick Hentges, CEO of Captive Resources, to discuss growth and trends in group captives during 2022 and what he expects 2023 to bring. We also hear from Erin Brosnihan, President of Kensington Management Group, and Donna Dreuth, CFO at Captive Resources, who discussed with Luke at the Cayman Captive Forum how the two firms work together and their different roles and responsibilities in operating the group captive portfolio. For more information on Captive Resources, visit their Friend of the Podcast page on our website. For more news, analysis and thought leadership on the global captive insurance market, visit and subscribe to Captive Intelligence.

This GCP Short, produced in partnership with TMF Group, is all about where unexpected challenges may occur when running a global programme and some of the solutions. Joining Richard for an 18 minute discussion are Karen Jenner, IPT Client Engagement Director, and Christophe Bourdaire, IPT Quote Content Director, who run through several scenarios and examples of challenges that can be encountered and how they may be overcome or dealt with. For more information on TMF Group's captive services, visit their Friend of the Podcast page on our website. For more news, analysis and thought leadership on the global captive insurance market, visit and subscribe to Captive Intelligence.

In this GCP Exclusive, Richard is joined by Oliver Schofield, Managing Partner at RISCS, and Malcolm Cutts-Watson, Founder and Executive Chairman at Cutts-Watson Consulting, as they break the news on the merger of the two independent consulting firms into RISCS CWC. Olly and Malcolm discuss how the conversation started last year, the motivations behind the merger and what their ambitions are. They also explain what role they are keen to play and the services they can provide to insurance buyers and the global captive insurance market. For more information on RISCS CWC, visit their Friend of the Podcast page here.

This GCP Short, produced in partnership with MAXIS Global Benefits Network, is all about reinsuring medical programmes with a captive. As ever, we are very pleased to have a client perspective in this employee benefits episode. Joining Richard is Nekisha Tyrrell, Head of Underwriting at the HSBC Group captive in Bermuda, and Nicola Fordham, Chief Underwriting Officer at MAXIS. Nicola and Nekisha go on to discuss what we mean by medical cover in the context of international employee benefits programmes, why it is rarely added to captives immediately, the advantages of and rationale for writing it and how challenges such as medical inflation can be managed. For more information on MAXIS Global Benefits Network and its captive services, visit their Friend of the Podcast page here. For more news, analysis and thought leadership on the global captive insurance market, visit Captive Intelligence.

In this GCP Short, produced in partnership with London & Capital, Senior Reporter Luke Harrison is joined by Darren Treasure, Executive Director & Head of Caribbean Office at London & Capital, and Rob Leadbetter, Senior Vice President at USA Risk, for a conversation recorded at the Cayman Captive Forum in December. Darren and Rob discuss the profile of the Cayman Islands as a captive domicile, recent trends and what imminent new investment guidelines mean for captives in the jurisdiction. For more information on London & Capital and their captive services, visit their Friend of the Podcast page here. For more captive news, analysis and thought leadership, visit CaptiveInteligence.io The Global Captive Podcast is available on all major podcast apps and platforms, including Apple Podcasts, Spotify, Amazon Music and Google Podcasts.

In episode 78 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Ellen Charnley, President of Marsh Captive Solutions, for our annual interview new formation trends, uses of captives by MGAs, third party growth and ESG. Luke interviews a familiar face as Oklahoma's new captive regulator, Steve Kinion, and also has a report from the Cayman Captive Forum, which features, in order, Erin Brosnihan, at Kensington Management Group, Adrian Lynch, of Artex, Robert Leadbetter, of USA Risk, and Colin Robinson, at SRS. You can listen to the Global Captive Podcast on all podcast apps and the Captive Intelligence website. Global Captive Podcast is now part of Captive Intelligence, your new home for captive news, analysis, insight and thought leadership. Visit our new website here: https://captiveintelligence.io/

This GCP Short, produced in partnership with Zurich Insurance, is all about the value and selection of outside directors for captive insurance company boards. Friend of the Podcast Paul Wöhrmann, Head of Captives Services at Zurich, has brought together five expert speakers on this topic, three of which are already independent directors of captive boards. Over the course of 25 minutes listeners will hear from Andrew Bradley, Malcolm Cutts-Watson and Francoise Carli, who have all had careers packed full with captive experience, and sit on captive boards today. We are also joined by Xavier Groffils, the manager of the Luxembourg captive owned by Belgian chemicals company Solvay, and Hans-Peter Wagenhöfer, director of insurance and reinsurance at German multinational BASF. Our expert panel discuss definition of outside and independent directors, how they are viewed in different jurisdictions around Europe and the value they bring to a captive board. Malcolm begins by outlining what he believes are the key responsibilities of a captive board and outside directors. For more information on Zurich and its captive services, visit its Friend of the Podcast page here: https://captiveintelligence.io/zurich/ For more captive content in written form and full GCP archive visit the Captive Intelligence website: https://captiveintelligence.io/

In episode 77 of the Global Captive Podcast, supported by legacy specialists R&Q, we have an exclusive discussion with Meta and its insurance partners in which they explain its new and unique approach to insuring Side A D&O through its own Hawaii-domiciled captive. Richard in joined by Janaize Markland, director of business risk and insurance at Meta, Lauri Floresca, a specialist D&O broker with Woodruff Sawyer, and Nick Troxell, manager of global captive fronting at Allianz Global Corporate & Specialty (AGCS), who discuss the context of the hard D&O market of the past three years, recent corporate law changed in Delaware that made the solution possibly and the structure of the ‘Laser DIC’ Side A policy that has been deployed. To read a Long Read article based on this podcast, visit Captive Intelligence, where you will find plenty more D&O and captive content. To subscribe to the Global Captive Podcast, find us Apple Podcasts, Spotify, Overcast or any podcast app and press 'subscribe' or 'follow'.

In episode 76 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by three of the professionals instrumental in the first captive insurance signatory of the United Nations' Principles for Sustainable Insurance (PSI). Earlier this year Enel Insurance, the Netherlands-domiciled captive owned by Italian energy multinational Enel, became the first captive to sign up to the PSI. In a 25 minute discussion recorded at the European Captive Forum in Luxembourg, in November, listeners will hear from Antonio Nervini, Head of Insurance in the Netherlands at Enel, Butch Bacani, Programme Leader for the UN’s Principles for Sustainable Insurance, and Ciaran Healy, Chief Commercial Officer for EMEA at Aon Global Risk Consulting. Now Enel has a long track record of embracing and investing in renewable and sustainable energy practices, including being the first to design and install smart meters in 2001, and the first private company in the renewable power sector to be listed on the Dow Jones Sustainability Index. And this step by the captive to sign up to the PSI is a good reflection of a group-wide approach to meeting sustainability and ESG targets. Antonio will explain why Enel wanted to be the first captive to become a signatory of the PSI, Ciaran explains the work involved and whether he expects other captives to follow suit, but Butch begins provides some background on the PSI and his own ambitions for the captive market. To read the Report authored by Aon and the United Nations on Using a Captive Insurance Company to Drive Positive ESG Outcomes , click here.

In this GCP Short, produced in partnership with the Stonefort Group, listeners will be introduced to the unique evolution and service offering of a Luxembourg single-parent captive into a commercial venture that today offers direct insurance services, reinsurance capacity and captive management. Stonefort began life in 2000 as Builders Re, a reinsurance captive owned by German multinational construction giant Hochtief AG, but has written third party business since the beginning and the entrepreneurial spirit has only grown over the past 20 years. Richard is joined by three of the experienced captive professionals behind Stonefort for a 20 minute discussion that was recorded at the European Captive Forum in Luxembourg on 10 November. They are CEO John Morrey, Chief Insurance Officer Koenraad Everaert and Head of Marketing Bertrand Gilson. For more information on the Stonefort Group, visit their website. You can listen and subscribe to the Global Captive Podcast on all major podcast apps and platforms, including Apple Podcasts, Spotify, CastBox, Overcast and Amazon Music.

In this GCP Short, produced in partnership with RISCS, is all about the evolving reinsurance strategies of captives. Joining Richard for 20 minutes, Oliver Schofield, Managing Partner, and David Hully, who joined RISCS as a Partner in July 2022, discuss the growing number of options and reinsurance partners available to captives, the importance of getting a sound reinsurance strategy in place from the beginning, and the changing market environment. For more information on RISCS, visit their Friend of the Podcast page.

In this GCP Short, produced in partnership with Captive Resources, Richard is joined by Joseph Parrilli, Senior Vice President at Captive Resources, and Julie Antunes, Health & Wellness Coordinator at Abell, LLC to discuss the use of group captives to fund medical stop loss cover. Joe talks about the wider market developments in medical stop loss and how group captives can be a successful option, while Julie shares with us her company's own experiences of the group captive approach. For more information on Captive Resources, visit their Friend of the Podcast page. 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: http://www.globalcaptivepodcast.com

This episode was recorded in front of a live audience at the European Captive Forum, in Luxembourg, on Wednesday 9 November. Richard is joined by Marcus Reichel, Head of Insurance at German multinational Knauf, Lorraine Stack, MD and International Advisory and Sales Leader at Marsh Captive Solutions, David Power, CEO at Insurwave, and Emma Sansom, currently Head of Captive Services UK at Zurich Insurance Company. The panel debate the future of captive insurance, including the increasing demand for technological evolution and captives' role in energy transition and renewable projects.

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.

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/

In this GCP Short, produced in collaboration with Friends of the Podcast Zurich, we discuss financing health & wellness through a captive. Reto Heini, Regional Distribution Manager at Zurich Global Employee Benefits Solutions, Andrea Steer, Senior Risk Consultant - Health & Wellbeing at Zurich, and Denis Cronson, Chief Sales & Distribution Officer at Zurich LiveWell, address some of the ways employers are supporting employers in implementing health and wellness initiatives, how organisations’ approach to health and wellness has evolved over the past five years and the current status and approach to health and wellbeing by captives. For more information on Zurich, visit their Friend of the Podcast page: www.globalcaptivepodcast.com/zurich For more information on the the Asian Captive Conference 2021, hosted by Labuan IBFC, visit here: https://www.labuanibfc.com/events/upcoming-events/labuan-ibfc-inc/the-asian-captive-conference-2021-virtual-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 our first GCP Live episode, recorded during a live panel at the Connecticut Captive Insurance Association's Collaborative Event in Hartford, on 4 November, Richard is joined by: PJ Cimini, Founder & Principal at Capitol Strategies Group, and President of the Connecticut Captive Insurance Association. Cassie Bachman, Managing Director of Operations and Legal at Elevate Risk Solutions and a CTCIA board member. And Jack Meskunas, an Executive Director for Investments at Oppenheimer & Co and a captive insurance asset management advisor. Richard, PJ, Cassie and Jack debate the challenges cannabis businesses face in the United States with regards banking and ultimately insurance. PJ also provides an update on how Connecticut is exploring whether it could act as a viable captive domicile for cannabis businesses in the future. For more on how captives are already being used to insure Canadian cannabis business, listen to GCP #52: https://www.globalcaptivepodcast.com/gcp52 The third edition of our GCP Insights e-magazine also discussed cannabis captives in depth: https://www.globalcaptivepodcast.com/gcp-insights For more information on the the Asian Captive Conference 2021, hosted by Labuan IBFC, visit here: https://www.labuanibfc.com/events/upcoming-events/labuan-ibfc-inc/the-asian-captive-conference-2021-virtual-conference 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 A.M. Best, Richard is joined by Mathilde Jakobsen, an Analytics Director within A.M. Best, Riccardo Ciccozzi, a Market Development Director for AM Best Europe’s Rating Services, and Derek Bridgeman, Managing Director at Strategic Risk Solutions (Europe). The trio discuss the latest proposed changes to Solvency II, what impact they may have on captives and how that could effect ratings of captives in Europe. They also address ESG – a hot topic on the podcast and in the corporate world generally - and how captives and AM Best are thinking about ESG today. For more information on AM Best, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/ambest For more information on the the Asian Captive Conference 2021, hosted by Labuan IBFC, visit here: https://www.labuanibfc.com/events/upcoming-events/labuan-ibfc-inc/the-asian-captive-conference-2021-virtual-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/

This GCP Short, produced in collaboration with EY, outlines how the OECD's latest work on Base Erosion and Profit Shifting (Beps) may impact Singapore and the captives domiciled there, as well as discussing captive trends in Japan. Richard is joined by Adrian Halter, a Financial Services and Tax Partner based in Singapore and a member of EY’s Global Captive Network, and then James Littlewood, a Partner in Client Services for EY Strategy and Consulting, based in Japan. For more information on EY, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/ey For more information on the the Asian Captive Conference 2021, hosted by Labuan IBFC, visit here: https://www.labuanibfc.com/events/upcoming-events/labuan-ibfc-inc/the-asian-captive-conference-2021-virtual-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 episode 59 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Ellen Charnley, President of Marsh Captive Solutions, to discuss formation activity in 2021 and the annual Marsh Captive Landscape Report released in September. We also have a third quarter investments update from London & Capital with Shadrack Kwasa, executive director, and portfolio manager Jack Smith, who address the macroeconomic highlights from the previous three months, inflation and stagnation and what captive investors should be considering in the next quarter. To read the 2021 Marsh Captive Landscape Report: https://www.marsh.com/us/services/captive-insurance/insights/captive-landscape-report-2021.html?utm_source=source3&utm_medium=referral-link&utm_campaign=2021-captive-landscape-report Check out the new Rising Edge D&O Podcast: https://risingedge.co/rising-edge-podcast-blog/ 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 Friends of the Podcast Morris, Manning and Martin LLP, is all about captive governance in the United States. Richard is joined by Joe Holahan, Partner within the firm’s insurance and reinsurance practice, and Dana Sheppard, Associate Commissioner within the Risk Finance Bureau at the District of Columbia Department of Insurance, Securities and Banking. Joe and Dana discuss how corporate governance expectations have changed for captives in recent years, whether captives are behind the curve and why good governance is important. For more information on Morris, Manning and Martin LLP visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/mmm 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 is produced in collaboration with Friends of the Podcast Captive Resources and all about risk management for group captive members. Our guests are Andy Johnson, Chief Risk Officer at Captive Resources, and Lorraine Martin, President and CEO of the National Safety Council, who discuss the importance of best practice safety practices in the workplace, how the pandemic has changed the workplace environment, how investment in risk management can be quantified in terms of return on investment, and why Captive Resources works so closely with their group captive members on the topic of safety and risk management. 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 episode 58 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Paul Corver, Group Head of Legacy M&A at R&Q. The episode also includes a fascinating extended captive owner interview with Tobias Winkler and Andreas Brügel, who work in senior positions for Lufthansa's 90-year-old captive Delvag. Corver discusses recent legacy transactions completed with General Electric's Dublin-domiciled captive, and the September loss portfolio transfer with Delvag, as well as wider trends in the captive legacy space. Andreas, Director for Reinsurance, and Tobias, Senior Director responsible for the underwriting department and the insurance lines of aviation, marine and reinsurance, give listeners a comprehensive history of Delvag, its status today, the third party lines it writes and recent restructuring projects. 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 AXA XL, we explore European captive strategies and how they have been impacted by the hard insurance market of the past two years. Richard is joined by Marine Charbonnier, Global Programmes and Captives Regional Director for Asia & Europe, and Manuel Meier, Country Manager for Switzerland. Marine and Manuel discuss the evolution of captive strategies recently in the face of the challenging market, including the buyback of exclusions and deductibles, and some of the work involved with new captive formations. For more information on AXA XL's captive services, visit their Friend of the Podcast page here: https://www.globalcaptivepodcast.com/axa-xl 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 57 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Ciaran Healy, Director of Client Solutions at Aon Captive & Insurance Managers. Richard and Ciaran dive in to Aon's Green Captive concept that was exclusively revealed in the third edition of GCP Insights magazine (link below). Ciaran explains how the Green Captive has been designed to support corporates on their own ESG betterment journeys and support organisations in financing risk related ESG risks. Ciaran also discusses Aon's 2021 Captive Benchmarking Survey and domicile trends in Europe. This episode also includes a short clip from a recent Airmic Talks episode where Tracey Skinner, Group Insurance Director for the BT Group, discusses how ESG performance is increasingly entering their renewal discussions with commercial (re)insurers. Listen to the full Airmic Talks episode here: https://www.airmic.com/news/airmic-talks-swiss-re%E2%80%99s-melanie-slack-and-tracey-skinner-bt%E2%80%99s-insurance-director Aon's 2021 Captive Benchmarking Survey: https://insights.aon.com/2021-captive-benchmarking-survey/welcome/ 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 56 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Friend of the Podcast Jason Flaxbeard, of Beecher Carlson, in the guest co-host chair. Jason discusses volatility and tail management and how captives are increasingly interested in accepting frequency risk, retaining some severity risk and transferring as much towards the tail as possible. He also addresses the benefits for captives in taking on genuine third party insurance business. We are also joined by Patrick Smith, executive director of Tribe Advisory, who provides an outsourced insurance management function to several businesses in the sharing and micro-mobility economic. Richard and Patrick discuss the future use of captives in this sector. 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 (GIIA), Richard is joined by GIIA's Chair Mark Elliott and Deputy Chair Adele Gale to discuss the jurisdiction's pioneering ESG Framework for Insurers. Mark and Adele will talk us through why the framework was built, how it can be used and what ESG means for the captive insurers. You can read more about the ESG Framework for Insurers and accreditation scheme here: https://www.weareguernsey.com/news/2021/new-insurance-business-drawn-to-guernsey-by-esg-framework/ For more information on GIIA and We Are Guernsey, visit their GCP page here: https://www.globalcaptivepodcast.com/guernsey Listen to our GCP Short with London & Capital on ESG Investment Strategies for Captives here: https://www.globalcaptivepodcast.com/gcpshort42 You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights 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 Beecher Carlson, Richard addresses the boom in captive formations within America’s middle market, the different types of company structures found there and how it can impact the tax treatment and utilisation of captives in those groups. The two expert speakers are Pete Kranz, executive managing director and captive practice leader at Beecher Carlson, and Dan Kusaila, tax partner at Crowe. For more information on Friends of the Podcast Beecher Carlson, visit their GCP page: www.globalcaptivepodcast.com/beecher-carlson You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 55 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Sean McGovern, CEO for the UK & Lloyd’s at AXA XL, who speaks in his capacity as a board member of the London Market Group with responsibility for the business environment including government relations. In June 2021, the LMG published a five point plan asking for relevant regulatory and legislative changes in the UK insurance market, including plans to make London a captive domicile. Sean discusses these plans in more detail and what advantages he thinks London would provide as a domicile. Read the LMG's five point plan here: https://lmg.london/ We also feature short clips from four interviews with new captive owners from the past 18 months. Links to the full episodes are below: Janaize Markland, Director of Business Risk and Insurance at Facebook, in GCP #51: https://www.globalcaptivepodcast.com/gcp51 Yusuf Hussain, Head of Risk at Gemini in this GCP Short: https://www.globalcaptivepodcast.com/gcpshort25 Marcus Reichel, Head of Insurance at Knauf in GCP #49: https://www.globalcaptivepodcast.com/gcp49 Dan Youngs, CFO at Lancaster County Solid Waste Management Authority (LCSWMA), in this GCP Short: https://www.globalcaptivepodcast.com/gcpshort29 You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights 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 London & Capital, we explore ESG (Environmental, Social, and Corporate Governance) and how captives' investment strategies can be tailored to meet their parent's ESG objectives. Dipan Roy, London & Capital's Deputy Chief Investment Officer, and GCP regulars Shadrack Kwasa and Chris Dalziel expertly talk us through this topic - what an ESG investment policy looks like, how it applies to captives and where it can be aligned with the captive parent. For more information on Friends of the Podcast London & Capital, visit their GCP page: https://www.globalcaptivepodcast.com/londonandcapital You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights 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 a panel of experts to explain the 16 July decision by a United States District Court in Delaware that went against the Delaware Department of Insurance and for the Internal Revenue Service, concerning the release of client-specific documents previously requested by the Service. Mikhail Raybshteyn, Partner and Co-Leader of EY’s Captive Insurance Services, Ben Whitehouse, Senior Counsel at Butler Snow LLP, and Cassie Bachman, Managing Director of Operations and Legal at Elevate Risk Solutions, discuss the reasons why the IRS prevailed on this occasion, what happens next and the potential wider ramifications for captive owners, advisors and regulators in the United States. To read the full order by Magistrate Judge Christopher J. Burke, click here: https://www.ded.uscourts.gov/opinion/united-states-america-v-delaware-department-insurance To read the latest edition of GCP Insights: 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 54 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by CICA President Dan Towle to discuss their planned Fall Forum for October 10-13, in Tuscon, Arizona. Dan also reflects on the new Washington State self-procurement tax and the return of micro-captives to the IRS' Dirty Dozen list of tax scams. We have a very insightful captive owner interview with Kevin Steed, Director of Group Insurance at AstraZeneca, who tells us about the long and varied history of the pharmaceutical giant's captive strategy and how it is utilised today. The latest quarterly investments update is provided by Friends of the Podcast London & Capital, with Shadrack Kwasa and Rabbani Wahhab concentrating on macroeconomics and inflation. For more information on CICA and the Fall Forum, visit: https://www.cicaworld.com To read the latest edition of GCP Insights: 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 and legacy specialists R&Q, Richard is joined by Mark Hoehn, Claims Manager within the Insurance Services Division at R&Q, and David Landrum, Vice President - National Construction & Program Business Practice Leader, at Broadspire Services, a Crawford Company. The trio discuss the management of claims for captive legacy portfolios, explaining who ultimately bears responsibility and control after a sale or transfer, some best practices to follow and in what circumstances the original captive parent may still provide some input. For more information on Friends of the Podcast R&Q, visit their GCP page: https://www.globalcaptivepodcast.com/rqih To find out more, visit http://www.rqih.com You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights 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 Barclays Corporate Banking, the panel discusses what it means to be a captive insurance company customer of a bank. Over the 15 minutes, Hafi Ali, Market Director, and Marco DeBenedictis, Head of Sustainable & Transition Finance, debate the relationships between corporate sponsor, captive and banking partner, the impact of the pandemic and how the hard insurance market has impacted collateral requirements. They also address what ESG means for captives and the broader trends in ESG and banking. For more information on Friends of the Podcast Barclays Corporate Banking, visit their GCP page: www.globalcaptivepodcast.com/barclays To find out more, visit barclayscorporate.com/insurance You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 53 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Philippe Gouraud, formerly of AXA XL and AIG and now CEO of Rising Edge, Ltd. Philippe discusses his recent experience as a captive non-executive director, the D&O market and the new boutique underwriting agency focused on directors’ and officers’ liability insurance and risk management that he launched earlier this year. There is also a new segment from a previous GCP Short on captive ratings. Richard is joined by Daniele Zucchi, Managing Director of Sigurd Ruck, the Swiss-domiciled captive owned by Saipem, and Ghislain Le Cam, a Director of Analytics at AM Best Ratings Services. The trio discuss what impact the pandemic has had on Saipem’s captive and what ramifications AM Best has had to look out for in relation to captive ratings and the pandemic. The full GCP Short on rating captives in a volatile insurance market, released in May 2021, can be found here: https://www.globalcaptivepodcast.com/gcpshort34 The GCP Short mentioned by Richard and Philippe on D&O with Marsh Captive Solutions, released in November 2020, can be found here: https://www.globalcaptivepodcast.com/gcpshort22 To read the latest edition of GCP Insights: 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 Spring Consulting Group, we discuss how Subaru of America has continued to adapt its captive since formation in 1988 to provide maximum value and service to the group. Richard is joined by Karin Landry, Managing Partner at Spring, and Carol Duong, Senior Risk Analyst for Subaru of America. Karin and Carol discuss how the captive has evolved with the group, going on to write third party risks and employee benefits and ultimately moving onshore. For more information on Friends of the Podcast Spring Consulting Group, visit their GCP page: https://www.globalcaptivepodcast.com/spring You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights 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 is produced in collaboration with Friends of the Podcast MAXIS Global Benefits Network. Over the course of 20 minutes Mattieu Rouot, CEO of MAXIS, and Mark Cook, Director at Willis Towers Watson, look back on more than a year of COVID-19 and the impact it has had on captive employee benefit programmes and what it might mean for the future. We have two professionals at the very top of their game to talk us through this is in Mattieu Rouot, CEO of MAXIS, and Mark Cook, Director at Willis Towers Watson. For more information on MAXIS GBN and their captive services, visit their Friend of the Podcast page here: https://www.globalcaptivepodcast.com/maxis You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 52 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard explores the growing world of captive insurance for businesses involved in the legalised cannabis industry. A complex legal environment for the sector, especially in the United States, has made insurance hard to come by and captives are now being formed by businesses desperate for coverage. Richard is joined by Mike Parrish, Senior Vice President and Client Services Leader at Marsh Management Services Bermuda, who has been involved with two cannabis captives formed in the jurisdiction. We have a captive owner interview with Josh Hamlin, Chief Legal Officer at DNA Genetics, which formed a captive in Bermuda earlier this year. And Rocco Petrilli, Chairman of the National Cannabis Risk Management Association (NCRMA), also joined to discuss why the association formed a captive for its members in 2020. To read the latest edition of GCP Insights: 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 AXA XL, Richard is joined by Shiwei Jin, Global Program & Captive Regional Director for APAC at AXA XL, and Diana Accordi, Global Advisory Practice Leader in Asia for Marsh, to discuss the growing utilisation of multinational insurance programmes in Asia Pacific. Over 15 minutes, Shiwei and Diana discuss what support captives and their corporate sponsors require from multinational programme partners, the importance of a defined strategy and objectives from the start, and the necessity to regularly review how a programme is operating. For more information on AXA XL and their captive services, visit their Friend of the Podcast page here: https://www.globalcaptivepodcast.com/axa-xl Listen to our recent GCP Short on Labuan IBFC's 2020 Market Report here: https://www.globalcaptivepodcast.com/gcpshort36 Listen to GCP #47 all about the Asia Pacific captive market, featuring Stuart Herbert, of Marsh Captive Solutions, here: https://www.globalcaptivepodcast.com/gcp47 You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 51 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Dave Stebbing, consulting actuary and Director of Strategic Risk Consulting at Willis Towers Watson. Dave discusses data and analytics, capital optimisation and how captives can do a lot better in these areas. We have a fascinating captive owner interview with Janaize Markland, Director of Business Risk and Insurance at Facebook, who tells us about the social network's risk financing philosophy and why they established their first captive in Hawaii in December 2020. In the second half we are also joined by James Rayner, Global Relationship Leader at Crawford & Company, who gives us a really good 101 on captive claims, how they work and the keys to a successful claims strategy. To read the latest edition of GCP Insights: 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/

On Monday, 17 May the US Supreme Court ruled unanimously in favour of CIC Services, LLC and the captive insurance industry in its case against the Internal Revenue Service concerning the lawfulness of Notice 2016-66. The IRS had argued the Anti-Injunction Act prevented any suit seeking to challenge the Notice. The Court ruled, however, that the Act does not preclude such a suit, which can now proceed. In this 20 minute bonus episode, Richard is joined by Kevin Doherty, member at Dickinson Wright, legal consultant Cassie Bachman and Gary Osborne, vice president at Risk Partners, to explain what the case was about, what the Supreme Court ruled, what happens next and what, if any, wider ramifications there may be from the ruling. Full Supreme Court opinion here: https://www.supremecourt.gov/opinions/20pdf/19-930_d1o3.pdf Recommended article on Captive Insurance Times containing reaction from other industry commentators: https://bit.ly/3vipj3C You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights 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 Labuan International Business and Financial Centre, Richard is joined by Farah Jaafar-Crossby, CEO of Labuan IBFC, Roy Sharma, Chairman of the Labuan International Insurance Association and Oliver Schofield, Head of Captive & ART Consulting at Principal Re Limited. Labuan is Malaysia’s midshore financial centre and the fastest growing captive domicile in the Asia Pacific region, and in this episode we hear about the latest captive formation and premium statistics, the utilisation of protected cells, how the growing commercial reinsurance sector in the jurisdiction is complimenting the captive environment and areas to watch out for with regards future growth. Download the full Labuan IBFC Market Report 2020 here: https://www.labuanibfc.com/ For more information on Labuan IBFC, visit their Friend of the Podcast page here: https://www.globalcaptivepodcast.com/labuanibfc You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights 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 Marsh Captive Solutions, Richard is joined by Michael Serricchio, Americas Sales & Advisory Leader at Marsh Captive Solutions, Rich Serina, Senior Manager for Risk Management at Canon USA, and Donna Weber, SVP with responsibility for Marsh's global protected cell companies. The trio discuss the growing trend of insureds using captives, and in particular cell captives, to write third party risk. Rich Serina explains how Canon USA has used a DC cell since 2018 to take part in a profitable line of third party insurance. For more information on Marsh Captive Solutions, visit their Friend of the Podcast page on the GCP website: www.globalcaptivepodcast.com/marsh You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 50 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Mike Foley, President of Captive Resources. Mike joined the group captive specialists in 2018 and discusses his perspective on the risk transfer strategy, his background in the commercial market and the impact of the hard market on group captives. The captive owner interview is with Dan Scheid, CFO at Zeigler Auto Group and President of Navigator Casualty, Ltd, a Cayman-domiciled group captive. Dan discusses Zeigler's journey as founder members of Navigator and the benefits it has brought to the company. For more information on Captive Resources, visit their Friends of the Podcast page: https://www.globalcaptivepodcast.com/captiveresources To read the latest edition of GCP Insights: https://www.globalcaptivepodcast.com/gcp-insights Scroll down to GCP Insights #2, to listen to the latest episode of our quarterly review episodes or listen on the GCP website here: https://www.globalcaptivepodcast.com/gcpinsightspod2 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 AM Best, Richard is joined by Daniele Zucchi, Managing Director of Sigurd Ruck, the Swiss-domiciled captive owned by Saipem, Ghislain Le Cam, a Director of Analytics at AM Best, and Roisin Gallagher, Associate Director within Market Development for AM Best Ratings Services. Daniele, Ghislain and Roisin discuss how and why captives are rated, the impact of the volatile insurance environment and the effect of the parent and other factors on a captive’s rating. For more information on AM Best and their rating services, visit their Friend of the Podcast page on the GCP website: https://www.globalcaptivepodcast.com/ambest You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

The second instalment of the new quarterly e-magazine, GCP Insights, was released on 21 April, and our regular panel of captive professionals return to provide additional analysis of some of the biggest stories of the past three months. Cassie Bachman, Joe McDonald and Karen Hsi discuss and debate the growing volume of third party risk being written through captives, the latest IRS Tax Court victory concerning abuse of the 831(b) tax election, the possibility of the UK becoming a captive domicile and latest developments in Washington State. Read the latest edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Listen to the GCP Short episode with EY on self-procurement taxes here: https://www.globalcaptivepodcast.com/gcpshort30 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with Friends of the Podcast Swiss Re Corporate Solutions, Richard and guests debate the similarities and differences between virtual captives and protected cell companies (PCCs). Thomas Keist, Global Captive Solutions Leader at Swiss Re Corporate Solutions, and Fabrice Frere, Managing Director within Aon Global Risk Consulting in Luxembourg, discuss the two structures, addressing areas such as fronting and reinsurance partners, domicile considerations and consolidated and unconsolidated balance sheets. For more information on Swiss Re Corporate Solutions and their captive services, visit their GCP page: https://www.globalcaptivepodcast.com/swissre You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights 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 Friends of the Podcast Morris, Manning & Martin LLP, explores the key considerations for captives and their owners when there is merger and/or acquisition activity at the parent level. Joseph Holahan, partner in Morris, Manning & Martin's insurance and reinsurance practice, and Lisa Willits, owner of Captive Advisory Partners LLC, discuss the due diligence concerning captives that is recommended when an acquisition is taking place, change of ownership regulations, strategies to consider when multiple captives are at play and the process involved for merging existing captives. For more information on Morris, Manning & Martin LLP, visit their Friend of the Podcast page on the GCP website: https://www.globalcaptivepodcast.com/mmm You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the second edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In GCP #49, supported by legacy specialists R&Q, Richard is joined by guest co-host Adrian Lynch, who recently joined Artex Risk Solutions from Aon as executive vice president with responsibility for operations and business development in the Americas, Bermuda and Cayman. Adrian discusses Artex's immediate plans including potential further acquisition activity, the impact of the pandemic on healthcare captives and the captive response to the hard market. The captive owner interview is with Marcus Reichel, head of insurance at Knauf, a privately-owned Germany building materials company. Knauf own a Vermont captive and have just recently formed a Luxembourg reinsurance captive. And Chris Dalziel, executive director, and Mike Trudeau, portfolio analyst, from Friends of the Podcast London & Capital provide us with the Q1 investments update. For more information on the London & Capital captive team visit their GCP page: 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: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with Friends of the Podcast Spring Consulting Group, Richard is joined by Peter Johnson, Senior Actuarial Consultant, and Prabal Lakhanpal, Vice President, to discuss how captives can provide a greater degree of control during renewals. The trio discuss some of the drivers of the hard market, whether we may see some rates soften, the benefits of different captive structures and the importance of taking a long term view. For more information on the Spring Consulting captive practice, visit their Friend of the Podcast page on the GCP website: https://www.globalcaptivepodcast.com/spring You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the first edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/

In episode 48 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard examines the Latin American captive insurance market and is joined by guest co-host Adriana Scherzinger, Head of International Program Business and Commercial Insurance in Latin America, for Zurich Insurance Company. The captive owner interview is with Rene Martinez Flores, Global Director of Insurance & Risk Management for Mexico’s building materials giant CEMEX, while Julián Ávila, Practice Leader for Aon Captive & Insurance Management in Latin America, also joins. For more information on Zurich Insurance Company and their captive services, visit their Friend of the Podcast page on the GCP website: https://www.globalcaptivepodcast.com/zurich You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the first edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with Friends of the Podcast EY, we explore exactly what is going on with self-procurement taxes in the United States right now. Joining Richard to shed some light on recent developments in Washington State, Minnesota and New Jersey, as well as providing valuable background and analysis on the bigger picture countrywide is Tim Mahon, a Partner in the EY indirect tax practice, and Conor McKenzie, a Senior Manager in the indirect tax practice. For more information on the EY captive practice, visit their Friend of the Podcast page on the GCP website: www.globalcaptivepodcast.com/ey You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the first edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with Friends of the Podcast the State of Vermont, Richard is joined by Sandy Bigglestone, Director of Captive Insurance at the State, and others to discuss the recent surge in formation activity. Dan Youngs, CFO at Lancaster County Solid Waste Management Authority (LCSWMA), explains why they formed a captive earlier this year. Sustainable Assurance Company actually became the 1,200th captive licensed by Vermont in its 40 year history as a domicile. Steve McElhiney, of Artex, expands upon what made LCSWMA an ideal case for a new pure captive and the wider trends driving new formations. For more information on the State of Vermont, visit their Friends of the Podcast page on the GCP website: 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. Read the first edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In episode 47 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Stuart Herbert, Practice Leader for Marsh Captive Solutions in Asia Pacific, for an episode focused on the region. Stuart discusses the obstacles in the way of captive utilisation, the recent surge in new formations and captive enquiries, and the premier domiciles in the region. The captive owner interview is with Nigel Jones, Insurance Manager at Australian freight and rail company Aurizon, and Juliet Kwek, Regional Director for MAXIS Global Benefits Network, discusses employee benefits trends in the region. For more information on Marsh Captive Solutions, visit their Friend of the Podcast page on the GCP website: www.globalcaptivepodcast.com/marsh For more information on MAXIS Global Benefits Network, visit their Friend of the Podcast page on the GCP website: www.globalcaptivepodcast.com/maxis You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the first edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced with Friends of the Podcast RISCS, Richard is joined by Oliver Schofield, Founder and Managing Partner of RISCS, and Glenn Ellis, and risk and insurance professional with more than 30 years of captive experience. The trio discuss what the term 'uninsurable' means, how captives can such problematic areas and how to bring regulators and the reinsurance market along with you. For more information on RISCS, including contact details, visit their Friend of the Podcast page on the GCP website: https://www.globalcaptivepodcast.com/riscs You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the first edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

Season three of the Global Captive Podcast, supported by legacy specialists R&Q, kicks off with Pete Kranz, Captive Practice Leader at Beecher Carlson, joining Richard Cutcher as guest co-host. Pete discusses the impact of the pandemic and hardening market on existing and new captive business over the past 12 months, as well as providing his views on the impact Washington State's new premium tax on captives may have. The captive owner interview sees a return for Carl Leeman, Chief Risk Officer of Katoen Natie, who reacts to the news several large European countries are considering introducing a new captive framework, the potential changes to Solvency II and how his own captive has responded to the hard market and pandemic. Steven Beeghly, a Seattle-based corporate and regulatory insurance attorney, helps us make sense of the developments and new legislation coming out of Washington State. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify or any other podcast app. Read the first edition of GCP Insights here: www.globalcaptivepodcast.com/gcp-insights Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

To coincide with each edition of our new quarterly e-magazine, GCP Insights, we will be releasing an extended episode reflecting on the biggest news stories from the past three months. Richard is joined by a regular panel of captive professionals made up of Cassie Bachman, Joe McDonald and Karen Hsi as they provide a sideways glance at controversial new captive legislation in Washington State, a changing captive landscape in Europe, the harsh market and the latest instalments in the 831(b) saga. Chris Dalziel and Roger Jones, of London & Capital, also provide the latest investments update with a particular focus on the equities market. For more information on London & Capital, visit their Friend of the Podcast page: https://www.globalcaptivepodcast.com/londonandcapital Below are several resources referenced in the episode: GCP Insights: https://www.globalcaptivepodcast.com/gcp-insights Captive.com story on Washington State legislation: https://www.captive.com/news/washington-state-bill-seeks-to-clarify-captive-premium-tax-obligations Captive.com story on Italy: https://www.captive.com/news/italian-regulator-open-to-captive-insurance-company-formations Bloomberg GameStop story: https://www.bloomberg.com/opinion/articles/2021-01-29/reddit-traders-on-robinhood-are-on-both-sides-of-gamestop Not Boring story on GameStop: https://notboring.substack.com/p/robinhood-robinhooded-robinhood 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/ Twitter & Instagram: @captivepodcast

In episode 45 of the Global Captive Podcast, supported by legacy specialists R&Q, we address a raft of news items coming out of the European captive market. Guest co-host Peter Child, Head of European Operations and Managing Director at Artex, discusses the significant increase in Guernsey captive formations as well as the new pilot scheme to allow the pre-authorisation of insurance cells within 48 hours in the jurisdiction. Fabrice Frere, Managing Director within Global Risk Consulting for Aon in Luxembourg, joins to discuss the possibility of a new captive regime in France and EIOPA’s comments on its 2020 Solvency II Review. On first reading there are positive takeaways for captives regarding a greater degree of proportionality, but, as ever, the devil is in the detail. The captive owner interview is with new captive owners deVere Group. Peter Hobbs, chairman of deVere Group and its Guernsey captive White Knight Insurance Limited, details how the hardening professional indemnity market had pushed them into making the move. 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/ Twitter & Instagram: @captivepodcast

In this latest GCP Short, produced in collaboration with TMF Group, Richard is joined by Karen Jenner and Joseph Finbow, of TMF, and Derek Bridgeman, Risk Consulting Practice Leader at SRS Europe. Karen, Joe and Derek discuss the insurance premium tax compliance considerations for increasingly common captive structures including deductible reimbursements, deductible buy downs and financial interest clauses. For more information on TMF Group, visit their GCP website: 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with RISCS, starts with a focus on professional indemnity and why we’re seeing captive formations driven by this line. Oliver Schofield and Damian McNamara discuss the state of the PI market, the role for captives and how quickly they can be formed to provide cover to the insured. They also outline what they believe to be the first cell migration to a new domicile while transitioning to a pure captive, as well as some exciting captive developments in India and a possible ART solution for the sustainable building sector. 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with international law firm Walkers, we bring you a fascinating case study of the world's first captive formed to insure crypto custody. Richard is joined by Sarah Demerling, a Partner at Walkers in Bermuda, and Yusuf Hussain, Head of Risk at Gemini, a secure platform to buy, sell and store cryptocurrency. Yusuf talks through why Gemini decided to establish a captive in January 2020, the state of the insurance market for crypto risk and what lies in the future. Sarah provides a legal perspective of the considerations involved and the regulatory environment's response to this new type of risk. For more information Walkers, visit their GCP page: https://www.globalcaptivepodcast.com/walkers 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/ Twitter & Instagram: @captivepodcast

In episode 44 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Matthew Takamine, Captive Operations Leader at Beecher Carlson, to discuss the captive manager's approach to COVID-19, the profile of the Hawaii captive market and important regulatory and legislative activity. The captive owner interview is with Matthew McEwan, Director of Risk Management at Coca-Cola European Partners. CCEP owns a captive in Dublin and Matt discusses broker consolidation, the hard market and employee benefits. Finally, Richard is also joined by Belinda Fortman, Director of the Tennessee Captive Insurance Section, to discuss the domicile, her new role as a regulator and how the good captives are separated from the bad. 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with Friends of the Podcast London & Capital, Richard is joined by Chris Dalziel, Executive Director, and Mike Trudeau, Portfolio analyst at London & Capital. The trio look back on some of the key investment and market takeaways from 2020, what we’ve learned from them and what that should mean for captive insurance investment strategies going forward. For more information on London & Capital, visit their GCP page: 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: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with AXA XL, Richard is joined by Matthew Latham, Chief Underwriting Officer for Global Programmes and Captives at AXA XL, and Jason Flaxbeard, Senior Managing Director at Beecher Carlson. Over the 20 minutes, they discuss the role fronting and reinsurance partners play when a captive is looking to take on more risk or write new lines, how that process plays out and the collateral requirements needed as well. For more information on AXA XL's captive services, visit their GCP 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with Marsh Captive Solutions, we explore directors' & officers' insurance and how it is becoming increasingly common for captives to write. Lorraine Stack, International Advisory and Sales Leader at Marsh Captive Solutions, and Beth Thurston, Head of the Marsh UK Management Liability Practice, address why Side B & C is being written through existing captives and the alternative solutions, including cell captives, for Side A coverage. For more information on Marsh Captive Solutions, visit their GCP page: 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 Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In episode 43 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Ricardo Almeida, Head of Business Development at MAXIS Global Benefits Network. The captive owner interview is with Heiko Ditzel, Director of Risk Finance & Transfer at Adidas. Heiko discusses his experience of the hard market to date and how captives can play an increase role in corporate insurance programmes. We are also joined by Dr Leena Johns, Head of Health and Wellness at MAXIS Global Benefits Network, who addresses how the pandemic has altered corporate's priorities and focus in the benefits and wellness programmes. 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with Morris, Manning & Martin, Richard is joined by three US experts to discuss COVID-19 and its impact on captive insurance. They are: Joseph Holahan, Attorney with the Insurance and Reinsurance Practice at law firm Morris, Manning & Martin. Skip Myers, Partner and Senior Counsel within the same practice at Morris, Manning & Martin. Tony Benedetto, CEO of NASW Assurance Services, which runs the captive and Risk Retention Group for the National Association of Social Workers. Joe, Skip and Tony address the lawsuits already appearing as a result of the pandemic, the current state of RRGs during the crisis and how they are impacted, or not, by state mandates, and Tony provides first hand insight into some of the challenges NASW is having to overcome. For more information on Morris, Manning & Martin, visit their GCP page: www.globalcaptivepodcast.com/mmm 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/ Twitter & Instagram: @captivepodcast

In episode 42 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Timae Flood, Assistant Director of Insurance Supervision at the Bermuda Monetary Authority (BMA), to discuss 2020 formation activity in the domicile and how the pandemic has impacted operations. There is a fascinating captive owner interview with Al Gier, Global Director of Risk Management & Insurance at General Motors. GM owns one of the oldest captives in Bermuda and Al talks us through its evolution to date, its major programmes and how he ensures good governance of the captive. Hafi Ali, Market Director at Barclays Corporate Banking, and Simon Smith, Head of Offshore Investments (Jersey, Guernsey, Isle of Man), discuss collateral options for captives and how the needs of captive are changing. 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/ Twitter & Instagram: @captivepodcast

In this special bonus episode, Richard is joined by experts across insurance, tax and investments to discuss the impact of the US general election on captive insurers as the race nears a conclusion. The episode has three sections: Peter Halprin, Partner at Pasich LLP, on the impact on federal legislation relating to the Pandemic Risk Insurance Act (PRIA) and COVID relief package efforts. Mikhail Raybshteyn, Partner in the EY Tax Practice and EY Americas Captive Insurance Services Co-Leader, addresses how the tax landscape could change for captives, particularly in the event of a Joe Biden Presidency, and how this might even impact captive formation activity before year-end. Sanjay Joshi, Head of Fixed Income, and Chris Dalziel, Executive Director at London & Capital, outline how the investment markets have responded to events this week and how captives should respond. 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with MAXIS Global Benefits Network, Richard is joined by Paul Miehlke, Regional Manager West & Midwest US at MAXIS, and Bryan Jendretzke, Global Benefits Director at Dow Chemical. Paul and Bryan will discuss how existing captive EB programmes are expanding, the good practice in executing that growth and the ultimate objectives and future evolution of these programmes. Bryan also provides some background on the Dow Chemical captive, Dorinco Reinsurance Company, and its history in writing employee benefits. For more information on MAXIS Global Employee Benefits Network, visit their GCP 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with the State of Vermont, you will hear all about what goes into the captive formation process and the respective roles of the regulator and captive manager. Richard is joined by Christine Brown, Assistant Director of Captive Insurance at the Department of Financial Regulation, and Jim Gerardin, Founder and Managing Director of Amethyst Captive Insurance Solutions, and also address how the inclusion of third party risk or different captive types can have an impact, and the typical timelines involved. For more information on Vermont and the regulatory team, visit their GCP page: 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/ Twitter & Instagram: @captivepodcast

In episode 41 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Dan Petterson, Director of Captive Examinations within the State of Vermont's Department of Financial Regulation — Captive Division. Dan discusses what goes into captive examinations, why Vermont chooses to do it in house and the reasons why they can go wrong. Mike Laperche, Vice President for Risk Management Services at PRIDE Industries, is interviewed by Karen Hsi in the latest instalment of Karen Captive's Corner. Mike and Karen have an extensive discussion about the formation and rationale behind PRIDE's captive, good governance and the hard market. 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with Beecher Carlson, Richard is joined by Jay Sampson, Executive Managing Director for Risk Optimisation at Beecher Carlson, and Marc Bentley, Director of Risk Finance at Intercontinental Hotels Group. Jay and Marc share their perspectives and analysis of approach to financing retained risk, including differentiating between an insureds appetite for their own risk versus others’, what tools are available to quantify risk and using a captive consolidate legacy risk across the group. This GCP Short follows on from the below episode on Defining risk appetite in a hard market, featuring Jason Flaxbeard, Courtney Claflin and Mike Laperche. Find that episode here: https://www.globalcaptivepodcast.com/gcpshort10 For more information on Beecher Carlson and their captive practice, visit their GCP page: https://www.globalcaptivepodcast.com/beecher-carlson 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/ Twitter & Instagram: @captivepodcast

In episode 40 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Steven Bauman, Global Programs & Captive Director of the Americas, AXA XL. Steve discusses role of fronting partners in captive start ups, how captives can aide resiliency and the benefit of diversifying a captive. Chris Dalziel, Executive Director, and Punit Patel, Equity Fund Manager, provide the latest quarterly investment update from London & Capital. For more information on the London & Capital captive team visit their GCP page: www.globalcaptivepodcast.com/londonandcapital In our captive owner section, we highlight four earlier interviews from 2020 and promote the new captive owner archive on the GCP website: https://www.globalcaptivepodcast.com/gcpcaptiveowners 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, in collaboration with Zurich, Richard is joined by a diverse group of experts to discuss cyber insurance and what role can captives can play in providing coverage. From Zurich Oliver Delvos, Global Cyber Underwriting Manager, and Dr. Paul Wöhrmann, Head of Captive Services, address the current cyber insurance market and how can captives can structure coverage, while providing a client perspective is Francois Carli, who was Vice President of Insurance at global life science company Sanofi from 2006 to 2017 and is now an independent consultant, and Holger Kraus. Holger is Head of Risk Finance & Employee Insuances at Siemens but is speaking in this Short in his capacity as Head of the captive committee of the German Risk and Insurance Managers Association (GVNW). For more information on Zurich, visit their GCP page: www.globalcaptivepodcast.com/zurich 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/ Twitter & Instagram: @captivepodcast

In episode 39 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Ellen Charnley, President of Marsh Captive Solutions, to discuss the recent 2020 Marsh Captive Landscape report, consolidation among captive managers and some record breaking new formation activity. The captive owner interview is with Gerjan Delhaas, Corporate Insurance Manager at Unilever, who explains how captives can, or should have, prepared for the hard market and outlines the environment for captives in the Netherlands. To view the 2020 Marsh Captive Landscape Report, use this link: https://info.marsh.com/l/395202/2020-09-17/bn2z6g For more information on the Marsh Captive Solutions team, visit their GCP 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 Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with Friends of the Podcast EY, we discuss the concept of social inflation and what it means for insurance and the role of captives. John Ferrara and Jim Bulkowski, both Senior Managers for Insurance & Actuarial Advisory Services at EY, explain what social inflation is and how it is changing the type of coverage of organisations are looking to purchase or self fund. Mikhail Raybshteyn, Partner at Co-Leader of EY Americas Captive Insurance Services, outlines the tax considerations of these new types of programmes. For more information on EY, visit their GCP page: www.globalcaptivepodcast.com/ey 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/ Twitter & Instagram: @captivepodcast

In episode 38 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Zach Finn, Clinical Professor & Director of the Davey Risk Management & Insurance Program at Butler University, Tracy Hassett, President of Vermont group captive edHEALTH, and Thomas Keist, Global Captive Solutions Leader at Swiss Re Corporate Solutions. Zach shares his views on whether pandemics are insurable or not, the role of the federal government in future solutions and shares the latest on Butler's student run captive insurance company in Bermuda. Tracy tells listeners all about the formation and growth of edHEALTH, which insures medical stop-loss for educational institutions across the United States. And Thomas elaborates on the concept of virtual captives ahead of a presentation he will give alongside Richard and Swiss Re Corporate Solutions colleague Nigel Bamber at Airmic Fest on Wednesday, 23 September. For more information and to register for Airmic Fest visit: http://www.airmicfest.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/ Twitter & Instagram: @captivepodcast

In this GCP Short, in collaboration with London & Capital, Richard and guests discuss how to restructure a captive's investment portfolio. The speakers are Chris Dalziel and Shadrack Kwasa, both Executive Directors at London & Capital, and Malcolm Cutts-Watson, Founder and Managing Director of Cutts-Watson Consulting, based in Guernsey. The trio discuss how the investment environment has changed over the last five years, impact sustainability and CSR trends are having strategies, how captives can transition away from a loan to parent or cash-based strategy and the role of the board and good governance in overseeing money management. For more information on London & Capital, visit their GCP page: 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: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In episode 37 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Derek Bridgeman, a Managing Director at Strategic Risk Solutions and Risk Consulting Practice Leader for SRS Europe. Derek explains the captive manager's latest hires in Luxembourg, Dublin and Malta and their plans for a captive management operation i Guernsey. He also discusses interest in new captive formations in Europe and what captive owners are doing to review their existing operations. The captive owner interview is with Andrew Baillie, Program Director for Global Insurance at AES Corporation, a Fortune 500 utilities company with a pure captive in 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/ Twitter & Instagram: @captivepodcast

This GCP Short, produced in collaboration with Friends of the Podcast Marsh Captive Solutions, explores the topic of Medical Stop-Loss in the US market. Richard is joined by Art Koritzinsky, Managing Director within Marsh Captive Solutions, and Daniel Davey, Stop Loss Specialty Practice Leader for Mercer in the US, to discussthe state of the medical stop-loss market, how single parent and group captive programmes are being structured for this coverage and why there is increasing interest from large and mid-size companies. For more information on Marsh Captive Solutions, visit their GCP 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 Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In episode 36 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Laurent Nihoul, Group Head of Insurance at steel and mining giant ArcelorMittal. Laurent is also FERMA board member and takes the lead on many of their captive projects. Laurent discusses ArcelorMittal's insurance and captive strategy, and FERMA's latest activities regarding Solvency II and the OECD's BESP initiatives. There is also a captive owner interview with Mary Ellen Moriarty, Vice President for Property & Casualty at EIIA in Chicago. EIIA owns an association captive and RRG in Vermont. In the second half of the episode Angus Rhodes, Global Product Manager, and David Thomas, Director at Ventiv Technology, discuss how analytics and data can increasingly be used to the insurance buyers advantage. 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/ Twitter & Instagram: @captivepodcast

In our latest GCP Short, in collaboration with the State of Vermont, three expert speakers discuss how to work effectively with your captive regulator and the benefits it brings. Richard is joined by: David Provost, Deputy Commissioner for Captive Insurance at the State of Vermont’s Department of Financial Regulation. Heather McClure, Chief Risk Officer at OU Medicine, the academic health system affiliated with the University of Oklahoma, And the chief legal officer of its captive insuring the physicians and hospital entities. Deyna Feng, Director of Captive Programmes at Fortune 500 engine giants Cummins. To learn more about the State of Vermont and hear previous episodes featuring Dave Provost and his colleagues, visit their GCP page: https://www.globalcaptivepodcast.com/state-of-vermont To hear more about the University of Oklahoma's captive operations, listen to GCP #4 here: https://www.globalcaptivepodcast.com/gcp04 To hear more about Cummins' captive, listen to GCP #7 here: https://www.globalcaptivepodcast.com/gcp07 You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, CastBox 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/ Twitter & Instagram: @captivepodcast

In episode 35 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard's guest co-host is Ward Ching, Managing Director for Global Risk Consulting in the Western Region for Aon. Ward discusses his concept Next Gen Risk Financing and why he believes a fundamental change is needed in the way risk is traded. Captives, of course, will play a central role. Richard also welcomes Colin Donovan, President of STICO Mutual Insurance Risk Retention Group, and Scott Mildrum, Economic & Macro Strategist at Performa. Richard, Colin and Scott will be presenting a panel on The Economic Landscape and Your Captive Investment Portfolio at the VCIA annual conference on the 11th August and they provide a short preview. For more information and to register for VCIA, follow this link: https://www.vcia.com/Events/AnnualConference/OverviewofConference/tabid/186/Default.aspx 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/ Twitter & Instagram: @captivepodcast

In this bonus GCP Short, Richard and an expert team of speakers discuss the growing safety challenges concerning global motor fleets and how a captive can help encourage a cultural shift in risk management. In the following order, Richard is joined by: Lisa Willenegger, Head of Casualty Commercial Insurance at Zurich Insurance Company David Cliff, CEO of the Global Road Safety Partnership Andrew Bradley, former risk manager at Nestle Jim Noble, Senior Vice President - Risk Engineering at eDriving Paul Wöhrmann, Head of Captive Services for Europe, Middle-East, Africa, Asia Pacific and Latin America at Zurich The diverse panel discuss the state of the motor insurance market, the concerning trends in motor safety, how to encourage greater fleet risk management and why a captive can play a central role. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, CastBox 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, produced in collaboration with Friends of the Podcast Morris, Manning and Martin LLP, Richard is joined by Joe Holahan, an attorney with Morris, Manning and Martin, and Pete Kranz, Captive Practice Leader at Beecher Carlson. The trio discuss the different types of cell captives, why and by who they are utilised, how they are managed, good governance, and the important legal considerations concerning the segregation of assets and liabilities. For more information on Morris, Manning & Martin, visit their GCP page: https://www.globalcaptivepodcast.com/mmm Joseph T. Holahan is Of Counsel in the firm’s Insurance and Reinsurance Practice and a member of the firm’s Privacy and Data Security Practice. Mr. Holahan advises insurers, reinsurers, producers and third party administrators on a variety of legal matters, including all aspects of regulatory compliance. He has extensive experience in the development and maintenance of captive insurance programs, including formation, licensing, regulation and corporate governance. His experience also includes assisting insurers with mergers and acquisitions; corporate restructuring; assumption reinsurance; portfolio transfers and other transactions. Pete Kranz is the leader of Beecher Carlson’s Captive Practice, an integral piece of the Risk Optimization Group, across 20 domiciles throughout North America. Beecher Carlson is among the world’s largest captive managers by number of entities managed, captive premium volume and is one of the most awarded captive managers in the industry as recognized by Captive Review’s Annual Captive Service Awards. In 2018, Pete was named by Captive Review, a leading industry publication, as one of eight “One’s to Watch” and was a 2020 Risk & Insurance Power Broker for Captives! You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, CastBox 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/ Twitter & Instagram: @captivepodcast

In episode 34 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard's guest co-host is Laura Langone, Head of Insurance Operations at Airbnb and President of the RIMS board of directors. Laura discusses her experience with captives, the hardening market and RIMS' position on the Pandemic Risk Insurance Act currently progressing through Congress. The captive owner interview is with Andrew Falk, Senior Vice President of Asset Management at SL Green Realty, a Manhattan-based real estate investment trust with captives in New York and Vermont. We also have the second quarter investments update from London & Capital, featuring Shadrack Kwasa, Executive Director, and Sanjay Joshi, Head of Fixed Income. For more information on the London & Capital captive team visit their GCP page: 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: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In this latest GCP Short, produced in collaboration with Friends of the Podcast Beecher Carlson, Richard discusses defining risk appetite in a hardening market. The three guests are Michael Laperche, Vice President of Risk Management at PRIDE Industries, Courtney Claflin, Executive Director of Captive Programs at the University of California, and Jason Flaxbeard, Senior Managing Director at Beecher Carlson (full biographies below). For more information on Beecher Carlson's captive practice, visit: https://www.globalcaptivepodcast.com/beecher-carlson Jason Flaxbeard Jason is the Chair of Beecher Carlson’s alternative risk operations within the US, Bermuda and Cayman Islands. He has over 20 years of experience in the captive insurance industry and over 20 years in the accounting industry. He joined Beecher Carlson as a client executive in 2001. Jason is a graduate of Bath University, England, where he earned a Bachelor of Science degree in economics. He is also an Chartered Accountant and a Chartered Property and Casualty Underwriter. He is a frequent speaker at RIMS, CICA, HCIC, WCF and has spoken at VCIA and European Captive Forum. He is a faculty member at ICCIE. Courtney Claflin In his role at UC, Courtney directs Fiat Lux Risk and Insurance Company, a single parent captive, UC Health RRG, A Reciprocal Risk Retention Group, Eureka Insurance Company PCC, an incorporated cell captive structure and Eureka One IC, an incorporated cell captive insurance company. As executive director, his role is the development, implementation and management of the captives and all captive activities. This includes strategic planning and management of current captive programs and the formulation and development of new risk financing strategies utilizing captive insurance arrangements. Michael Laperche As vice president of risk management, Michael Laperche is responsible for the effective management of uncertainty in PRIDE Industries’ operations across 15 States. Minimizing downside outcomes and enabling upside opportunities is the goal of the enterprise risk management system at PRIDE. Central to the strategy is the work Laperche led in the formation of Social Enterprise Assurance Co, LLC (SEAssure), a captive insurance company operating by and for PRIDE Industries. The creation of SEAssure means PRIDE is better prepared for the risk of new contracts and will have more flexibility for PRIDE’s continuing growth. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, CastBox 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/ Twitter & Instagram: @captivepodcast

In episode 33 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Anne Marie Towle, Global Captive Solutions Leader at Hylant. Anne Marie reflects on a busy first 10 months in the role, where new interest in captives is coming from and Hylant's ambitions for captive expansion. We hear from captive owners Courtney Claflin, of University of California, and Mike Laperche, of PRIDE Industries, in a sneak peak of next week's GCP Short with Friend of the Podcast Jason Flaxbeard, of Beecher Carlson. The full episode will be released on 12 July. Cassie Bachman, Managing Director of Compliance at Elevate Captives, sheds some light on the government's latest action in its investigation of micro-captives with its Summons issued to the Delaware Department of Insurance on 19 June. 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/ Twitter & Instagram: @captivepodcast

In this latest GCP Short with Friend of the Podcast Walkers global law firm, Richard is joined by Kate Storey, Guernsey-based Parter at Walkers, and Mike Pickard, a Senior Manager with Aon Guernsey. Richard, Kate and Mike discuss how the jurisdiction is well placed to facilitate innovation and collaboration between the captive, ILS and longevity markets, and why this might be of interest and value to captive owners. For more information on Walkers, visit their GCP page: https://www.globalcaptivepodcast.com/walkers Kate Storey, Partner, Walkers Kate Storey joined Walkers' Guernsey office in 2018, where she is a partner in the Investment Funds and Corporate Group. Kate specialises in investment fund structuring and finance, equity fundraising and listings, mergers and acquisitions and group reorganisations. She is also a prominent Guernsey insurance expert, having advised on the Guernsey legal aspects for most of the pension scheme longevity swaps which have executed in Guernsey, as well as major insurance linked securities transactions. Mike Pickard, Senior Manager, Aon Guernsey Mike has worked at Aon Guernsey for six years and is responsible for management of White Rock entities for clients in Guernsey, both for insurance linked securities and traditional captive arrangements. He leads Aon Guernsey's business development for captive, cellular and insurance linked securities business. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, CastBox 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/ Twitter & Instagram: @captivepodcast

In episode 32 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by the new Head of the Willis Towers Watson Global Captive Practice, Peter Carter. Peter discusses a busy first six months at the helm and his background. The captive owner interview is with Jim Leimkuhler, CEO of Progressive Produce in Los Angeles. Progressive Produce is a member of the Cayman-domiciled group captive Raffles Insurance and Jim explains how his organisation has benefited widely from a 16 year membership. Richard is also joined by Amy Evans, Kara Tencellent and Sandy Bigglestone from CICA's Amplify Women task force to discuss the initiative and its objectives and progress since its launch in 2019. 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, Richard is joined by Karen Jenner and Joseph Finbow, from Friends of the Podcast TMF, and Lisa Coomber, Senior Group Insurance Manager at Vodafone, to discuss captive structures and the often invisible costs that are insurance premium taxes and other levies. Full biographies are below. This discussion should be particularly helpful to anyone involved with the design, implementation or management of global insurance programmes. In 20 very practical minutes, the experts outline what taxes are associated with direct and non-admitted programmes, where the responsibilities for compliance lie within different structures and how it can sometimes be more efficient to run a hybrid programme of both direct writing and using fronting partners. For more information on TMF, visit: https://www.globalcaptivepodcast.com/tmfgroup To learn more about Vodafone’s captive strategy, listen to GCP #20: https://www.globalcaptivepodcast.com/gcp20 Karen Jenner, IPT Business Development Director, TMF With over 25 years of experience in the insurance industry, 10 specialising in IPT, Karen previously held roles with insurers and brokers in the London market, before bringing her experience of global insurance programmes and non-conventional insurance into the IPT arena. Jo Finbow, IPT Assurance Director Joseph is a chartered accountant with over a decade’s experience in handling global insurance premium tax issues. He started his career with KPMG and has built his knowledge and experience in supporting captive insurers, P&I Clubs and other specialist insurers. This is complemented by the work he completes researching and maintaining global insurance premium tax information. Lisa Coomber, Senior Group Insurance Manager at Vodafone Lisa has authoritative expertise in global insurance programmes. She joined Vodafone Group’s insurance team in 2008 where as Senior Group Insurance Manager and member of Vodafone’s captive underwriting committee she has designed the Group’s insurance risk strategy and developed the captive’s market-leading multi-line stop-loss reinsurance solution. Lisa is ACII qualified and prior to joining Vodafone enjoyed roles at Marsh and Yale University. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, CastBox 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/ Twitter & Instagram: @captivepodcast

In episode 31 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Van Carlson, CEO of Strategic Risk Alternatives in Boise, Idaho, to discuss domiciling on Indian Reservation land, COVID-19 claims and intangible risks. The captive owner interview is with Fredrik Finnman, Head of Group Risk Management at global engineering giant Sandvik, who discusses the insurance implications of the pandemic, the regulatory environment for captives in Sweden and the hardening market. Richard is also joined by fellow podcaster Mike Tannenbaum, a risk management recruitment specialist from Key Strategies LLC, who launched the Should I Stay or Should I Go podcast in 2019. Mike discusses the importance of captive experience to risk & insurance managers as they look to progress their career, whether we might we saw more 'outsourced' risk management functions in this economic environment. To find out more about Mike's podcast and his business, visit his site: https://keystrategies.com/podcasts-for-insurance-risk-management-professionals/ 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/ Twitter & Instagram: @captivepodcast

In this GCP Short, Richard is joined by Paul Corver, Group Head of M&A at legacy specialists R&Q, and Paul Owens. Richard and the two Pauls discuss how and why captives can recycle captive in order to offload legacy liabilities and write new lines of business, including the use of loss portfolio transfers, novations and commutations. At the time of this recording Paul Owens had not yet joined Strategic Risk Solutions as a board director and was speaking in an independent capacity. For more information on Paul Corver and R&Q, visit their Friend of the Podcast page on the new GCP website: https://www.globalcaptivepodcast.com/randq Paul Owens Paul was CEO of the Willis Towers Watson Global Captive Practice from 2013 until April 2020, and was responsible for all of the Group’s captive management and consulting operations. In addition to managing and growing the operations in traditional markets he was at the forefront of developing emerging markets, in particular the Chinese Captive/Mutual insurance market supporting both prospective owners and local regulator. He joined Strategic Risk Solutions as a director on the board in May 2020. ​ You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, CastBox 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/ Twitter & Instagram: @captivepodcast

In episode 30 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Brian Kirwan, Partner and Head of Structured Solutions at one-year-old broker McGill & Partners. Brian, who was CEO of Allianz Global Corporate and Specialty in the UK from 2015 to 2018, and has a long background with alternative risk transfer and multi-line, multi-year programmes discusses his philosophy on captives and the role he expects them to play in an increasingly tough insurance environment. The captive owner interview is with Jen Blair, Global Risk and Insurance Manager at Bose. The privately-owned audio giant established a Bermuda captive in 2018 and Jen discusses the company's risk financing and captive strategy. Chris Dalziel, Executive Director, and Michael Trudeau, Institutional Portfolio Manager at London & Capital, provide the first in a new quarterly investment update series. For more information on Friends of the Podcast London & Capital, visit their GCP page here: 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: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In the sixth instalment of our COVID-19 series, Richard is joined by Lorraine Stack and Michael Serricchio, of Friend of the Podcast Marsh Captive Solutions, to discuss the current and future role captive insurers can play in response to pandemic-related risks. Michael and Lorraine (full biographies below) explain how the captive can be used to identify, quantify and insure related risks and then access the reinsurance and alternative markets. They also discuss how captives could utilise any government-backed pandemic risk pools that may be established in the future. For more information on Marsh's captive services and the Global Captive Podcast, visit: https://www.globalcaptivepodcast.com/marsh You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, CastBox 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/ Twitter & Instagram: @captivepodcast Lorraine Stack, International Advisory and Sales Leader, Marsh Captive Solutions Lorraine has over 25 years in the insurance industry in both the United States and Europe. She provides advice about a captive’s value proposition and assists with the feasibility assessment of captives. Lorraine also facilitates strategic discussions with captive owners, providing advice on a wide range of captive issues such as capitalisation, coverages, investments, utilization and regulation. She is also the Global Employee Benefits Leader for Marsh Captive Solutions. Michael Serricchio, Americas Sales Leader, Marsh Captive Solutions Mike is a Managing Director in the Captive Advisory Group and resides in Marsh’s Norwalk, Connecticut office. Mike assists clients in the U.S. and globally with the feasibility and organization of single parent captives, as well as risk retention groups and Rent-A-Captives. Mike also participates in captive strategic reviews for clients that already have captives. Mike is frequently involved with reviewing merger and acquisition transactions where there are one or more captive subsidiaries and advises on various issues. He handles a wide range of consulting services surrounding various captive issues and concerns, such as capitalization levels, new coverages, tax concepts, captive investment opportunities, and cost savings. Mike’s industry focus areas include privately held companies, financial institutions, retail, manufacturing, and power and utilities. Mike speaks at various industry seminars and conferences, as well as conducts training classes within the Marsh Captive Solutions Group.

In our latest GCP Short, Richard is joined by Friends of the Podcast from Zurich to discuss the evolution of captive programmes and what the future may look like for risk financing structures. The three guests for this episode are: Andrew Bradley, formerly Head of Group Risk Services at Nestlé, where he spent 40 years, including 10 years as CEO of their Swiss-domiciled captive Intercona Re. Sierra Signorelli, Chief Underwriting Officer, Commercial Insurance, Zurich Paul Woehrmann, Head of Captive Services for Zurich in Europe, Middle-East, Africa, Asia Pacific and Latin America. For more information on Zurich's captive services and the Global Captive Podcast, visit: https://www.globalcaptivepodcast.com/zurich You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, CastBox 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/ Twitter & Instagram: @captivepodcast

In episode 29 of the Global Captive Podcast, supported by legacy specialists R&Q, Rich Smith, President of the Vermont Captive Insurance Association, joins as guest co-host to update listeners on plans for a virtual VCIA conference in August and what COVID-19 legislative and regulatory developments the Association is monitoring. The captive owner interview is with Scott Feltham, Group Insurance Manager at Compass Group PLC, a FTSE 30 company and largest foodservice provider in the world. Chaz Lavelle, a lawyer in the Louisville, Kentucky Office of Dentons Bingham Greenebaum LLP, is the final guest. He outlines the relevance of the US Supreme Court case announced on 4 May concerning CIC Services LLC's challenge to the Internal Revenue Service over Notice 2016-66. Chaz also discusses other controversial developments in the micro-captive space in 2020. 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/ Twitter & Instagram: @captivepodcast

In the fifth GCP Short, Richard is joined by Paul Phillips and Mikhail Raybshteyn, Partners at EY, to discuss the importance of risk shifting and risk distribution when thinking about tax qualification for captives in the United States. Paul and Mike (full biographies below) discuss the difference between risk shifting and distribution, how it can be achieved and demonstrated, the common pitfalls and the consequences when it is not executed correctly. For more information on the EY Captive Insurance Services team, visit their website: https://www.ey.com/en_us/financial-services/captive-insurance-services Paul Phillips is a Partner within Ernst & Young LLP (US). He has held various positions within the firm and currently serves as the Chief of Operations and the leader of the Global Compliance and Reporting (GCR) service line for the EY Americas Financial Services Organization (FSO) Tax practice. He also continues to serve as a Co-leader of EY’s Global Captive Insurance Network. He leads broad and diverse teams spanning a vast geographic footprint. Paul has a proven track record of creating profitable departments and positive work environments while achieving exceptional growth. Throughout his 25-year career, Paul has focused on the taxation of financial institutions and he continues to directly serve various financial firms and alternative risk financing and captive insurance arrangements. Paul earned his MBA from The Ohio State University Fisher College of Business, his MS in Taxation from DePaul University in Chicago and his BS in Accounting from Southeastern Louisiana University. Mikhail Raybshteyn is a Partner in EY's Tax practice, with a focus on Insurance sector clients. For over 15 years, Mikhail has been advising global, multinational and regional Life, Property & Casualty, Health/BCBS, Financial Guarantee and Captive Insurance clients (and Captive Insurance owners). Some of the areas where he has advised clients include all aspects of domestic and global tax accounting and financial reporting (GAAP, IAS and SSAP), Domestic and International tax planning, structuring, and tax financial forecasting and Captive Insurance and alternative risk financing structures. Mikhail is member of EY Global Captive Network and is the Deputy Leader for EY Americas Captive Insurance Services co-leading a practice of over 40 professionals in the Americas across tax, advisory, risk, and actuarial service lines that comprise EY's Captive Insurance Services practice. He holds a BBA from Baruch College and an MS from Fordham Gabelli School of Business. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, CastBox 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/ Twitter & Instagram: @captivepodcast

In episode 28 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by Karen Jenner, IPT Business Development Director at TMF Group. Karen discusses the pandemic's impact on tax compliance, and the way captive programme structures impact insurance premium tax calculation. The captive owner interview is with with Julie Bordo, President of PCH Mutual Insurance Company, a Risk Retention Group, while Richard also catches up with three members of the CICA NEXTGen Committee - Erin Hackett, Joe McDonald and Adam Miholic. For more information about the NEXTGen Committee, visit their webpage: http://www.cicaworld.com/membership/professional-development/nextgen---young-and-new-professionals 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/ Twitter & Instagram: @captivepodcast

In the latest GCP Short, Richard talks to Karin Landry, Managing Partner of Friend of the Podcast Spring Consulting, an Alera Group Company, about the need for Department of Labor approval to write employee benefits in the United States. Karin talks through which benefits require DoL approval, the process and requirements and the timelines involved. For more information on Spring's employee benefits services: http://springgroup.com/services/employee-benefits/ Karin Landry is the Managing Partner for Spring Consulting Group. Karin has over 25 years of experience in the insurance, health care, risk financing, retirement and benefits industries. She is an internationally recognized leader in captive insurance strategy, benefits and financing. She is Past-Chairman of the Board of The Captive Insurance Company Association and a member of the ERISA Industry Committee and was recently appointed to the Board of Directors for Fallon Community Health Plan. She is also a Professor of Employee Benefits and member of the finance committee for the International Center of Captive Insurance Education part of the University of Vermont. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, CastBox 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/ Twitter & Instagram: @captivepodcast

The Global Captive Podcast's latest Covid-19 special episode dicusses the how's and why's of capital extraction from the captive. As the global economy take a steep downturn, many businesses are beginning to experience cash flow trouble and the captive, if executed correctly and in the right circumstances, can release capital on a short or long-term basis through various techniques. Pete Kranz, Executive Managing Director and Captive Practice Leader at Friend of the Podcast Beecher Carlson, and David Provost, Deputy Commissioner of the Captive Insurance Division at the State of Vermont, outline what some of the options are to do this, and highlight the important regulatory considerations. 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/ Twitter & Instagram: @captivepodcast

In Episode 27 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Farah Jaafar-Crossby, Chief Executive Officer, Labuan International Business and Financial Centre, Malaysia. Farah discusses how the Labuan regulator has had to respond to the coronavirus pandemic, growth in the captive domicile in 2019 and the Asian captive market. In the interview, Farah mentions the regulatory relief put in place by Labuan light of the pandemic. You can find more information here: https://www.labuanibfc.com/resource-centre/media/press-releases/labuan-ibfc-inc/regulatory-relief-for-labuan-ibfcs-entities-in-light-of-challenges-posed-by-covid-19 The captive owner interview is with Franck Baron, Group Deputy Director Risk Management & Insurance at International SOS, and Chairman of PARIMA, Asia's risk and insurance management association. Franck highlights how International SOS has had to respond to COVID-19 and how its captive has been utilised in a hardening market, as well as explaining why captives are still struggling to become mainstream in the region. There is also a short highlight from the latest COVID-19 special episode of the Global Captive Podcast, featuring Willis Towers Watson's Mark Cook on how the pandemic is affecting international employee benefits programmes. 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/ Twitter & Instagram: @captivepodcast

The Global Captive Podcast's latest Covid-19 content focuses on the impact on, and potential response of, international employee benefits programmes that include a captive. Mark Cook (full biography below), Director at Willis Towers Watson, joins Richard to discuss the types of policies that are likely to be impacted by the global pandemic, the exclusions insureds need to be mindful of, the flexibility that captives can provide and the balance multinationals are having to strike between looking after their staff while managing exposure to the captive. 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/ Twitter & Instagram: @captivepodcast Mark Cook is a Director in Willis Towers Watson’s Global Services and Solutions group based in London and advises on a range of international employee benefits issues. He is an international benefits expert and has worked at Willis Towers Watson for over 20 years. Mark leads Willis Towers Watson’s benefit financing group globally and assists a variety of clients from different sectors with the optimisation of employee benefits financing. This includes a wide range of self-insurance, insurance, multinational pooling and captive related assignments ranging from annual management/governance such as premium setting and claims/reserving analysis to the set-up of successful and sustainable benefit captives, global underwriting models or multinational pooling arrangements.

In our third GCP Short, Richard gets into parametric insurance and their applicability to captive insurers with Friend of the Podcast for 2020, AXA XL. Owen Williams, Global Programme and Captive Regional Director for UK & Nordics at AXA XL, and Isa Ennadifi, Senior Underwriter at AXA Climate, discuss parametric case studies, how captives can participate and the different structures that are possible. Full biographies and contact information is below. For more information on AXA Climate and AXA XL's parametric services, visit: https://www.climate.axa/ Isa is a Senior Underwriter in London for AXA Climate, developing parametric solutions mitigating climate risks for private and public sector. Prior, she started her career at SCOR in 2011, and then joined AXA XL over three years ago. She has a structuring and underwriting background in the Alternative Risk transfer market with international exposure. She is also a qualified member of both the French (IA) and UK (IFoA) institute of Actuaries. Contact Isa: isa.ennadifi.axapartners@axa.com Owen serves as Global Program and Captive Regional Director UK & Nordics for AXA XL having joined the company in 2017 as Manager of the Captive Centre of Excellence as part of the business’s wider investment in serving clients who utilize Captives. He has over 20 years of experience within the large corporate insurance industry in a mixture of underwriting, relationship management, alternative risk transfer and captives. Before joining AXA XL, Owen spent ten years with Zurich Insurance, most recently leading the UK Captives Services team, other roles at Zurich Insurance include client management and financial lines underwriting. Prior to Zurich Insurance Owen held underwriting positions at RSA for nine years. Contact Owen: owen.williams1@axaxl.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/ Twitter & Instagram: @captivepodcast

In the latest instalment of the Global Captive Podcast's Covid-19 Captive Series, Richard discusses the implications for captive boards as global travel is restricted and what that might mean with regards to economic substance and tax requirements. Sandy Bigglestone, Director of Captive Insurance at the State of Vermont’s Department of Financial Regulation, Colin Robinson, the 2020 Chair of the Insurance Managers Association of Cayman (IMAC), and Kate Storey, a Guernsey-based partner at global law firm Walkers, all provide insight on their respective domiciles' approach. Jenny Coletta, a London-based Tax Partner at EY, then addresses what captive boards and the parent company will have to consider so they do not fall foul of scrutiny from their local tax authority. 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/ Twitter & Instagram: @captivepodcast

In Episode 26 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard is joined by guest co-host Brady Young, President & CEO of Strategic Risk Solutions, to discuss the Covid-19 impact on captive insurance, broker consolidation and the SRS growth plans in Europe. The captive owner interview is with Shruti Vyas, Insurance Specialist and Captive Manager at SES Satellites, while there is also a clip from our first Covid-19 special episode featuring Joseph Holahan, of Morris, Manning & Martin, LLP, and Peter Halprin, Partner at Pasich LLP. 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/ Twitter & Instagram: @captivepodcast

In our latest special episode on the coronavirus pandemic implications for the captive insurance market, Richard is joined by three expert speakers from London & Capital to look at the impact on investment management portfolios. Sanjay Joshi, Head of Fixed Income, Roger Jones, Head of Equities, and Chris Dalziel, Executive Director at London & Capital (full biographies below), outline what asset classes a captive insurer may be exposed to in their portfolio, walk us through the state of the markets and what steps captive insurers need to take next as they consider their investment positions. For more information on London & Capital, visit their website: https://www.londonandcapital.com Or email Chris Dalziel: Chris.Dalziel@londonandcapital.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/ Twitter & Instagram: @captivepodcast The speakers that feature in this episode are: Chris Dalziel is an Executive Director within the Institutional division and joined the firm in 2012 from a regulatory background. Chris acts as a relationship manager for existing Institutional Clients and is responsible for the development of the Cell Portfolio business in the US and COMPASS initiatives in Europe. He regularly travels to the US, Bermuda and Europe attending Client Board meetings and managing potential Institutional relationships. Chris graduated from the University of York with degrees in Economics and Law, he also holds the DipCII designation and has passed Level 1 of the CFA Program. Sanjay Joshi heads the fixed income team, overseeing portfolio construction, asset allocation decisions and London & Capital's range of Global Bond Funds. Sanjay has nearly 30 years’ experience in fixed income portfolio management and research. As Chief Economist/Head of FI Research at Daiwa, Sanjay was responsible for devising the overall fixed-income strategy. He travelled extensively to meet Daiwa’s global client base and also spoke at various conferences including the World Bank meeting in Hong Kong. At Aletca, Sanjay reported directly to the CIO and co-managed the derivatives overlay across all assets. He was in charge of the credit portfolio focussing in particular on the Euro and US dollar components. At F&C, Sanjay was lead manager for a global fixed income Hedge Fund. Roger Jones is responsible for the portfolio construction and stock selections for London and Capital Equity Solutions and Equity Funds. Roger has 15 years equity fund management experience co-managing pan-European equity portfolios and allocating assets on both a European and global basis. In addition Roger has experience across a wide-range of areas including pensions, insurance, retail, income and ethical funds. As well as analytical experience in sectors from utilities, chemicals and engineering to aerospace, leisure and transport.

In the first of GCP's Covid-19 Captive Series, Richard is joined by two US-based lawyers to discuss the questions already rising regarding relevant coverage in the face of the global pandemic, the claims activity which is beginning and the potential disputes down the line. Joseph Holahan, Of Counsel at Morris, Manning & Martin in Washington DC, and Peter Halprin, Partner at Pasich LLP based in New York, also consider the role of captives and how they must tread carefully regarding the treatment of claims. This episode is the first in a series of upcoming focuses on Covid-19 and its impact on captive insurers, their owners and the broader captive market. Further episodes on governance and board meetings, captive investment portfolios and captive employee benefit programmes exposures to the coronavirus will follow in the coming days. 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/ Twitter & Instagram: @captivepodcast The speakers that feature in this episode are: Joseph Holahan is an Attorney at Morris, Manning & Martin, LLP and a member of the firm’s Insurance and Reinsurance Group. Based in Washington, D.C., Joe has extensive experience in the development and maintenance of captive insurance programs, including all aspects of formation, licensing, regulation and governance. Joe is a board member and currently President of the Captive Insurance Council of the District of Columbia. He also is a board member and instructor for the International Center for Captive Insurance Education and a past Chair of the Vermont Captive Insurance Association Legislative Committee. Morris, Manning & Martin, LLP is a full-service law firm with over 190 attorneys. The firm is well known for its insurance regulatory, corporate and transactional practice. Peter A. Halprin is a partner in Pasich LLP’s New York office. Peter represents commercial policyholders in complex insurance coverage matters with a focus on recovery strategies in relation to captive insurance, cyber crime, natural disasters, professional services and technology disputes, and regulatory investigations. Over the course of his career, Peter has arbitrated, litigated, and mediated claims involving a broad range of insurance policies and recovered hundreds of millions of dollars in insurance proceeds for policyholders.

The latest GCP Short is the first podcast we have recorded entirely remotely as we all come to terms with the Covid-19 pandemic and its impact on travel and our collective need to work from home. In this episode we discuss Diversifying your captive with employee benefits and I am joined by three expert speakers (full bios found below): Matthias Helmbold, Head of Technical & Services, MAXIS Global Benefits Network. Barry Perkins, Placement Leader, Global Benefits, Mercer Marsh Benefits Matthew Latham, Head of Global Programmes and Captives, AXA XL MAXIS Global Benefits Network, a Friend of the Podcast for 2020, works in partnership with multinational clients to deliver the solutions they need to help them care for their people while meeting the strategic goals of their business. The global network built on local expertise, with nearly 140 local member insurers in over 120 markets worldwide, MAXIS GBN was founded in 2016, and is backed to this day, by two of the world’s largest and most trusted insurers: MetLife and AXA. For more information, please visit www.maxis-gbn.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/ Twitter & Instagram: @captivepodcast Full biographies: Matthias Helmbold leads the technical and services division of MAXIS GBN which includes reinsurance, underwriting and client reporting functions. Matthias has more than 15 years of experience in employee benefits. Prior to joining the MAXIS Global Benefits Network, Matthias has worked both in consulting roles (as pension actuary and global benefits consult with a specialisation in M&A) as well as in corporate roles (as global benefits manager for Syngenta and international benefits director for the Coca-Cola Company). Barry Perkins is the Global Benefits Placement Leader for MMB, based in London. MMB provides solutions to help global organizations to optimize and manage their employee benefit programs. In his role, Barry is responsible for creating new placement strategies and solutions global clients and improving the way that MMB interacts with insurance carriers. Matthew Latham is Head of Global Programmes and Captives at AXA XL. In this role he is responsible for growing AXA XL’s global programmes and captive fronting business and for ensuring that clients get a high quality service. His remit is global and involves working with underwriters across all classes of risk. Before joining XL Catlin in 2014, now part of AXA XL, Matthew spent nine years at AIG. His roles there included leading AIG’s alternative risk financing team. Prior to AIG, he held roles at ACE and Willis and has been in the insurance industry for over 25 years.

In episode 25 of the Global Captive Podcast, supported by legacy specialists R&Q, Richard welcomes Charles Winter, Head of Risk Finance & COO at Aon Global Risk Consulting in the United Kingdom. The captive owner interview is with Ange Chitate, COO and Interim CEO of African Risk Capacity (ARC) Insurance Company Limited, and Malvern Chirume, Chief Underwriting Officer at ARC Insurance Company Limited. The third interview is with Erin Hackett, Senior Audit Manager at Crowe, who talks Richard through the role of third-party auditors with captives and their importance as regulatory scrutiny of captives is increased. 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/ Twitter & Instagram: @captivepodcast

In the first GCP Short of 2020, Richard is joined by three expert captive professionals to discuss how risk and insurance professionals can get creative with their captives in a challenging insurance market. Our three guests are: Oliver Schofield, Managing Partner at RISCS. Damian McNamara, Consultant & Adviser for Captives, ILS and MGAs. at RISCS. Glenn Ellis, a Consultant to RISCS. Glenn is a former risk and insurance manager at BT, as well as previously holding roles at Zurich and most recently AIG. RISCS, a Friend of the Podcast, provides a wide range of captive consultancy services including Captive Feasibility & Formation, Captive Reinsurance Programme Design and Insurance Product Ideation & Creation. Visit their website: http://www.riscs.org Email Oliver Schofield: oliver.schofield@riscs.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: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

The Global Captive Podcast, supported by legacy specialists R&Q, returns for the second season with an in depth look at the South African captive insurance market. Recorded from Johannesburg, Richard is joined by guest co-host Matthew Bezuidenhout, Head of Risk Finance and Captive Solutions at Marsh & McLennan Companies in South Africa, to discuss the state of the insurance market in the country, the corporate approach to captive solutions and the prevalence of cell captives. The captive owner interview is with Gert Cruywagen, Director of Risk at hospitality giant Tsogo Sun Group, which owns a sophisticated captive domiciled in the Isle of Man. Gert is also the current President of the International Federation of Risk and Insurance Management Associations (IFRIMA). The third interview is with Ernie van der Vyver, Corporate Insurance Partner at Clyde & Co. Ernie is an expert in cell company law and regulation in South Africa and outlines how the structures are utilised by corporates and intermediaries. 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/ Twitter & Instagram: @captivepodcast

The Global Captive Podcast will be returning for its difficult second season on Sunday, 1 March. As many of you know, GCP is now a full-time venture, produced by Global Captive Media, Ltd and so I am excited to be bringing you more and better content than ever before. Our 30 – 40 minute episodes will continue in much the same format, with a different guest co-host each time, a captive owner interview and a third guest or roundtable discussion to cap it off. I am delighted to say legacy specialists R&Q will remain our headline sponsor. Without their support this project would never have materialised, so it is fitting they remain central to the podcast for at least another year. Our biggest addition for GCP 2020, however, will be the GCP Shorts that will be released in the previously dormant weeks. The topics covered in these snap shot episodes, are set to range from parametric triggers and cell company governance to captives in a hard market and third party risk. To deliver the 15 to 20 minute GCP Shorts, we have engaged 15 firms as our Friends of the Podcast for 2020. These range from captive managers and leading jurisdictions, to fronting partners, law firms, and investment managers. To view the full list of our Friends of the Podcast for GCP 2020, please visit the Global Captive Podcast LinkedIn page. The niche nature of our content means traditional podcast marketing methods are almost irrelevant, so LinkedIn and word of mouth will continue to be the key tools to raising awareness of GCP. If you enjoy the podcast and believe it is a valuable tool for you, your colleagues and peers then please continue to like, share and comment on the episodes and spread to word. Thank you to all of our listeners and guests who have joined us to date and welcome to our new followers as well. Here’s to the next chapter of this exciting journey! Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast See you next time captives! Cutch

In the final episode of the first season of the Global Captive Podcast, supported by R&Q, Richard and CICA Chairman Dan Towle look back on the highs and lows of 2019 and ahead to 2020. Richard provides important information for listeners regarding the launch of GCP 2020, and perhaps less importantly we hear what some of the industry's leading names were having for breakfast in 2019. The Global Captive Podcast will return for a second season on 1 March, 2020 with more independent expert insight. Keep an eye on our LinkedIn page for more information in the new year. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In Episode 22 of the Global Captive Podcast, supported by R&Q: Richard is joined by guest co-host Jenny Coletta, Tax Partner at EY, to discuss the latest developments in the OECD's BEPS project and how it is impacting on captive insurance structures and governance. Julia Graham, Deputy CEO at Airmic and a non-executive director on four captive boards, provides a captive board member perspective, while Peter Halprin, New York-based Partner at Pasich LLP addresses the complex matter of captive reinsurance disputes. You can subscribe for free to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

Episode 22 of the Global Captive Podcast, supported by legacy specialists R&Q, will be released on Friday, 20 December. Richard will be joined by guest co-host Jenny Coletta, Partner for Insurance International Tax Services at EY, while Julia Graham, Deputy CEO at Airmic, will provide an experienced captive non-executive director's perspective. Peter Halprin, a New York-based Partner at Pasich LLP, will discuss reinsurance disputes and captives. You can subscribe and follow the Global Captive Podcast on iTunes, Apple Podcasts, Google Podcasts, Spotify and anywhere else you get your podcasts from! Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In Episode 21 of the Global Captive Podcast, supported by R&Q: The employee benefits theme continues with Nicola Fordham, Director of Underwriting at MAXIS Global Benefits Network, joining Richard as the guest co-host for the week. Nicola outlines the role of fronting networks in the growing area of international employee benefits and some of the advantages of greater data insight than ever before. The captive owner interview is with Francois Beaume, a Vice President at French risk management association AMRAE and VP of Risk and Insurance and multinational Sonepar. Brian Quinn, Founding Director of Granite Management in Bermuda, and Beecher Carlson's Jason Flaxbeard dig deeper into employee benefits, combining life and non-life programmes and the hard market in general. You can subscribe for free to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

Episode 21 of the Global Captive Podcast, supported by legacy specialists R&Q, will be released on Sunday, 8 December. My guest co-host will be Nicola Fordham, Director of Underwriting at MAXIS Global Benefits Network, while the captive owner interview is with Francois Beaume, Vice President of Risk and Insurance at French multinational Sonepar and Vice President of the French risk management association AMRAE. In the second half, you'll hear a conversation between Brian Quinn, Founding Director of Granite Management in Bermuda, Friend of the Podcast Jason Flaxbeard, of Beecher Carlson, and myself. You can subscribe and follow the Global Captive Podcast on iTunes, Apple Podcasts, Google Podcasts, Spotify and anywhere else you get your podcasts from! Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In Episode 20 of the Global Captive Podcast, supported by R&Q: Employee benefits expert Mark Cook, Senior Director at Willis Towers Watson, is the guest co-host as we talk through the evolution of EB programmes, the growing interest we are seeing today and the benefits of the captive approach to multinationals. A fascinating interview with Phil Clark, Director of Insurance at Vodafone, is this episode's captive owner interview. Phil talks through the Malta captive's journey and some of the 18 lines it writes for the telecommunications giant today. He also advice for captive owners encountering the hardening market. Anne Marie Towle, Global Captive Solutions Leader at Hylant, meets Karen Hsi in Karen's Captive Corner. Anne Marie lifts the lid on her move to Hylant in September. You can subscribe for free to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

Episode 20 of the Global Captive Podcast, supported by legacy specialists R&Q, will be released on Sunday, 24 November. The guest co-host will be employee benefits expert Mark Cook, Senior Director at Willis Towers Watson, while the captive owner interview is with Phil Clark, Director of Insurance at UK headquartered telecommunications giant Vodafone. Anne Marie Towle, Global Captive Solutions Leader at Hylant, will be the latest visitor to Karen's Captive Corner. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In Episode 19 of the Global Captive Podcast, supported by R&Q: Guernsey-based Kate Storey, Partner at global offshore law firm Walkers, is the guest co-host. Kate discusses pension longevity swaps, ILS and Guernsey's activity in the China captive market. Steve McElhiney, President of Tall Pines Insurance Company of Vermont, is our captive owner interview. He addresses a unique captive and reinsurance brokerage structure and how Tall Pines has grown in sophistication over the years. AXA XL's lead captive and global programmes man in the USA, Steven Bauman, discusses cyber risk, parametric triggers and new collaboration with his MAXIS GBN colleagues. You can subscribe for free to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

Episode 19 of the Global Captive Podcast, supported by R&Q, will be released on Sunday, 10 November. Richard will be joined by guest co-host Kate Story, Guernsey-based Partner at global offshore law firm Walkers. The captive owner interview is with Steve McElhiney, Chairman of CICA and President of Tall Pines Insurance Company of Vermont, while Steven Bauman, Head of Global Programmes & Captive Practice in North America at AXA XL, is our third guest. The full episode will be released on Sunday, 10 November. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In Episode 18 of the Global Captive Podcast, supported by R&Q: Sean Rider, Executive Vice President within Willis Towers Watson's risk & analytics team in the USA, is the guest co-host as he discusses the increasingly sophisticated ways risk and insurance managers are able to approach risk financing strategies. The captive owner interview is with Krystle Blystone, Senior Operations - Insurance at one of the largest privately owned companies in the world - Cargill. Mike Meehan, a Consultant at Milliman is the latest visitor to Karen's Captive Corner discussing the role of actuaries in the captive industry. You can subscribe for free to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

Episode 18 of the Global Captive Podcast, supported by R&Q, will be released on Sunday, 27 October. Richard will be joined by guest co-host Sean Rider, Executive Vice President within Willis Towers Watson's risk & analytics team in the USA. The captive owner interview is with Krystle Blystone, Senior Operations - Insurance at Cargill, and Mike Meehan, a Consultant at Milliman is the latest visitor to Karen's Captive Corner. The full episode will be released on Sunday, 27 October. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In Episode 17 of the Global Captive Podcast, supported by R&Q: Joining Richard as guest co-host is Ellen Charnley, President of Marsh Captive Solutions. Ellen provides an update on the JLT acquisition and its impact on the captive practice, adding cyber to the captive, and the hardening market. The captive owner interview is with Paul Smith, Director of Insurance at FirstGroup America. Paul explains the history of the company's Vermont captive and how it is utilised to support the business. Kirk Watkins, Captive Practice Leader within Trion, a Marsh & McLennan Agency, is the first participant in Karen Hsi's Captive Corner, discussing all things voluntary benefits. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

Episode 17 of the Global Captive Podcast, supported by R&Q, will be released on Sunday, 13 October. Richard will be joined by guest co-host Ellen Charnley, President of Marsh Captive Solutions. The captive owner interview is with Paul Smith, Director of Insurance at FirstGroup America, and we will also hear from our first guest to Karen's Captive Corner - Kirk Watkins, of Trion, a Marsh & McClennan Agency. The full episode will be released on Sunday, 13 October. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In Episode 16 of the Global Captive Podcast, supported by R&Q: Ali Hauser, formerly CEO of the PEMEX-owned Switzerland captive, KOT Insurance, is the guest co-host. Ali discusses the opportunities for new formations of captives out of the Latin American market, the history of KOT, and how the market can be developed further. The captive owner interview is with Ali's former colleague - Santiago Gomez, CFO of KOT Insurance, while Esperanza Borja Mead, Founder and Principal at Actuarial Factor, takes a broader look at the Latin American market. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

Episode 16 of the Global Captive Podcast, supported by R&Q, will be released on Sunday, 29 September. Richard will be joined by guest co-host Ali Hauser, formerly CEO of the PEMEX-owned Switzerland captive, KOT Insurance. The captive owner interview is with Ali's former colleague - Santiago Gomez, CFO of KOT Insurance, while Esperanza Borja Mead, Founder and Principal at Actuarial Factor, takes a broader look at the Latin American market. The full episode will be released on Sunday, 29 September. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In Episode 15 of the Global Captive Podcast, supported by R&Q: Paul Owens, CEO of the Willis Towers Watson Global Captive Practice, is this episodes co-host and discusses Brexit, a life after WTW and the hard market. The captive owner interview is with Sean Barnes, CFO of United Educators, a Reciprocal Risk Retention Group domiciled in Vermont who discusses the captive's asset management strategy. Dan Kusaila, US-based Tax Partner at Crowe, provides an update on tax matters including 831(b), Washington State and tax reform. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

Episode 15 of the Global Captive Podcast, supported by R&Q, will be released on Sunday, 15 September. Richard will be joined by guest co-host Paul Owens, CEO of the Willis Towers Watson Global Captive Practice. The captive owner interview will be with Sean Barnes, CFO of United Educators, while Dan Kusaila, Tax Partner at Crowe, discusses the latest tax developments in the United States. The full episode will be released on Sunday, 15 September. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

The Global Captive Podcast is supported by R&Q and hosted by Richard Cutcher. Episode 14 was recorded from the Vermont Captive Insurance Association (VCIA) with guest co-host Skip Myers, Partner at Morris, Manning & Martin. Skip reflected on a thirty-year career in captive insurance and the legal complexity surrounding insurance for the marijuana business. The captive owner interview is with Melissa Hollingsworth, Director of Risk Management & Insurance at Jim Ellis Automotive Dealerships, and Pete Kranz, Captive Practice Leader at Beecher Carlson, discusses the opportunities for new captive formations and further utilisation. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

Episode 14 of the Global Captive Podcast, supported by R&Q, was all recorded at the Vermont Captive Insurance Association annual conference the week commencing 5 August, 2019. Richard will be joined by guest co-host Skip Myers, Partner at law firm Morris, Manning and Martin, and the captive owner interview is with Melissa Hollingsworth, Director of Risk Management & Insurance at Jim Ellis Automotive Dealerships. Pete Kranz, of Beecher Carlson, is the third guest in the episode. The full episode will be released on Sunday, 1 September. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

The Global Captive Podcast is supported by R&Q and hosted by Richard Cutcher. Episode 13 was recorded from the Vermont Captive Insurance Association (VCIA) with guest co-host Dan Towle, President of the Captive Insurance Companies Association (CICA). Richard interviewed Janice Klodowski, Vice President at Agri Services Agency, about the sponsored captive she oversees for Dairy Farmers of America. The VCIA Hot Topics panel, featuring Vermont regulators David Provost and Sandy Bigglestone, Jim Swanke, of Willis Towers Watson, Joshua Reding, Senior Director of Risk Management at Life Time, Inc, and Captive Review's Nick Morgan join the Podcast to discuss the big ticket items today. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

Episode 13 of the Global Captive Podcast, supported by R&Q, was all recorded at the Vermont Captive Insurance Association annual conference the week commencing 5 August, 2019. Richard is joined by guest co-host Dan Towle, President of the Captive Insurance Companies Association (CICA) and the captive owner interview is with Jan Klodowski, Vice President at Agri Services Agency. The episode is wrapped up by a roundtable with the Hot Topics panel from the last morning of the conference featuring Vermont regulators David Provost and Sandy Bigglestone, Willis Towers Watson’s Jim Swanke, Josh Reding, Senior Director of Risk Management at Life Time, Inc, and Captive Review’s Nick Morgan. The full episode will be released on Sunday, 18 August. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

The Global Captive Podcast is supported by R&Q and hosted by Richard Cutcher. In Episode 12, Richard is joined by guest co-host Audrey Rampinelli, a former President of the RIMS New York chapter and founder of OnRamp Risk LLC. Richard and Audrey discuss developments in InsureTech and and her special relationship with the captive world. The captive owner interview is with Tony Benedetto, CEO of NASW Assurance Services. Tony discusses the structure and purpose of the captive reinsurer and risk retention group that are owned by the National Association of Social Workers. Our third guest is Thomas Keist, Head of Marketing for Innovative Risk Solutions at Swiss Re Corporate Solutions. Thomas address developments in reinsurance and insurance-linked securities. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

Episode 12 of the Global Captive Podcast, supported by R&Q, will be coming to your from Manhattan, New York! Richard is joined by guest co-host Audrey Rampinelli, a former president of the RIMS New York Chapter. The captive owner interview will be with Tony Benedetto, CEO of NASW Assurance Services, and the third guest Thomas Keist, of Swiss Re Corporate Solutions. The full episode will be released on Sunday, 4 August. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

The Global Captive Podcast is supported by R&Q and hosted by Richard Cutcher. In Episode 11, Richard is joined by guest co-host Matthew Latham, Head of Captives and Global Programmes at AXA XL. Matthew and Richard discuss the carrier's captive proposition post the AXA acquisition and the role of fronting and reinsurance partners during the captive feasibility and start-up process. Our risk manager interview is with prospective captive owner Andrew Koegel, who outlines the process the Hartmann Group is currently going through in forming its first captive. Our third guest is Ben Whitehouse, formerly an attorney for the Tennessee Captive Insurance Section and now Senior Counsel at Butler Snow law firm, based in Nashville. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In Episode 11 of the Global Captive Podcast, supported by R&Q, Richard is joined by guest co-host Matthew Latham, Head of Captives and Global Programmes at AXA XL There is a prospective captive owner interview with Andrew Koegel, Head of Corporate Insurance for Germany-based medical devices company the Hartmann Group, while Ben Whitehouse, attorney at law firm Butler Snow, provides a US perspective. The full episode will be released on Sunday, 21 July. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

The Global Captive Podcast is supported by R&Q and hosted by Richard Cutcher. In Episode 10, Richard is joined by guest co-host Dr Paul Wöhrmann, Head of Captive Services at Zurich Insurance, who discusses the advantages that captives bring to corporates through the cycles of the insurance market and captive reinsurance strategies. The captive owner interview is with Daniele Zucchi, Managing Director of Sigurd Ruck - the Switzerland-domiciled captive owned by Italian oil and gas contractor Saipem. Daniele discusses how Saipem uses the reinsurance captive and the regulatory environment in Switzerland. Finally Marcel Dubach, Head of the Zurich Clearing House, outlines how Zurich Insurance utilises its own balance sheet to operate captive fronting programmes efficiently. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In Episode 10 of the Global Captive Podcast, supported by R&Q, Richard is joined by guest co-host Dr Paul Wöhrmann, Head of Captive Services at Zurich Insurance. The captive owner interview is with Daniele Zucchi, Managing Director of the Saipem captive Sigurd Ruck, and Marcel Dubach, Head of the Zurich Clearing House. The full episode will be released on Sunday, 7 July. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

The Global Captive Podcast is supported by R&Q and hosted by Richard Cutcher. In Episode 9, Richard is joined by guest co-host Chris Dalziel, Executive Director of London & Capital. Chris discusses the firm's history with captives and the reason it specialises in managing assets for offshore and cell structures. The episode also has a focus on the next generation of captive professionals and career development, featuring CICA President Dan Towle and mentees from the Association's mentorship programme Karen Hsi, of the University of California, and Ian Davis, Director of Financial Services at the State of Vermont's Department of Economic Development. Malcolm Cutts-Watson, formerly chairman of the Willis Global Captive Practice, shares his views on professional development and Rich Smith, president of VCIA, previews their annual conference in August in Burlington, Vermont. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Contact Richard: richard@globalcaptivepodcast.com Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

In Episode 9 of the Global Captive Podcast, supported by R&Q, Richard is joined by guest co-host Chris Dalziel, of London & Capital. The episode has a focus on the next generation of captive professionals and career development, featuring CICA president Dan Towle and mentees from the Association's mentorship programme Karen Hsi and Ian Davis. Malcolm Cutts-Watson shares his views on professional development and Rich Smith, president of VCIA, previews their annual conference in Burlington, Vermont. The full episode will be released on Sunday, 23 June. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

The Global Captive Podcast is supported by R&Q and hosted by Richard Cutcher. In Episode 8, Richard is joined by co-host Lorraine Stack, International Advisory and Sales Leader at Marsh Captive Solutions. Richard and Lorraine discuss Marsh's 2019 Captive Landscape Report, including trends in third party risk and employee benefits. The captive owner interview is with Bill Fitzpatrick, Vice President of Corporate Risk Benefits at Deutsche Post DHL, who details the huge employee benefits programme financed by the DHL captive. Vincent Gosz, Chief Captive Analyst at the Arizona Department of Insurance, discusses the state's 2018 figures and the regulatory approach to captives in Arizona. You can subscribe to the Global Captive Podcast on iTunes, Spotify, Apple Podcasts app, Google Podcasts and all other podcast platforms. Follow the Global Captive Podcast on Twitter, Instagram and LinkedIn. Visit the website: http://www.globalcaptivepodcast.com

In Episode 8 of the Global Captive Podcast, supported by R&Q, Richard is joined by guest co-host Lorraine Stack, of Marsh Captive Solutions. His captive owner guest is Bill Fitzpatrick, vice president for corporate risk benefits at Deutsche Post DHL, while Vincent Gosz, chief captive analyst for the Arizona Department of Insurance, provides a regulatory perspective. The full episode will be released on Sunday, 9 June. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and all other major podcast platforms. Visit the website: https://www.globalcaptivepodcast.com Follow us on LinkedIn: https://www.linkedin.com/company/global-captive-podcast/ Twitter & Instagram: @captivepodcast

The Global Captive Podcast is supported by R&Q and presented by Richard Cutcher. In Episode 7, Richard is joined by guest co-host Neil Campbell, an independent consultant and director of Allenby Consulting. The captive owner interview is with Judy Ertel, Mikey Davidson and Deyna Feng from the Cummins risk & insurance team, while Ryan Ralston, managing director of risk management at Elevate Captives, discusses enterprise risk captives. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and most other podcast platforms. Please visit our website (below) and follow us on LinkedIn and Twitter @captivepodcast www.globalcaptivepodcast.com

The Global Captive Podcast is supported by R&Q and presented by Richard Cutcher. In Episode Six, Richard is joined by guest co-host Paul Corver, Group Head of M&A at R&Q, to discuss the history and evolution of legacy management and its relevance to captives. The captive owner interview in this episode is with Courtney Claflin and Karen Hsi, of the University of California, while JLT's Anne Marie Towle discusses forging the relationship between captive consulting and reinsurance brokerage. You can subscribe to the Global Captive Podcast on iTunes, Apple Podcasts, Spotify, Google Podcasts and most other podcast platforms. Please visit our website (below) and follow us on LinkedIn and Twitter @captivepodcast http://www.globalcaptivepodcast.com

Episode 6 of the Global Captive Podcast will be released on Monday, 13 May. This trailer provides a sneak peak at my guests in the next episode, with clips from R&Q's Paul Corver, Anne Marie Towle, of JLT, and Courtney Claflin and Karen Hsi from the University of California. You can subscribe to the Global Captive Podcast on SoundCloud, Spotify, iTunes, Apple Podcasts or any other podcast platform.

Richard Cutcher is joined by this week's guest co-host captive veteran Malcolm Cutts-Watson to discuss how captives can address and risk finance climate change, and the future of captive management. Nick Hentges, co-CEO of Captive Resources, and Mark Gould, CEO of Gould Construction, Inc and an active group captive member, outline the rationale and benefits of being in a group captive. In the second half, Richard sits down for a debate on the role and model of captive managers with Paul Owens, CEO of the Willis Towers Watson Global Captive Practice, Beecher Carlson's Jason Flaxbeard, and Gary Osborne, of Risk Partners. For more information on our guests and to subscribe to our mailing list, visit the Global Captive Podcast website: http://www.globalcaptivepodcast.com Follow the LinkedIn page: https://www.linkedin.com/company/global-captive-podcast Find us on Twitter and Instagram: @CaptivePodcast

Episode 5 of the Global Captive Podcast, supported by R&Q, will be released on Monday, 29 April. This trailer provides a sneak peak at contributions from our guest co-host Malcolm Cutts-Watson, group captive experts Nick Hentges and Mark Gould and a clip from our captive management roundtable featuring Gary Osborne, Paul Owens and Jason Flaxbeard. You can subscribe to the Global Captive Podcast on SoundCloud, Spotify, Apple Podcasts or any other podcast platform.

This week Richard is joined by guest co-host Oliver Schofield, Head of Captive & Alternative Risk Transfer at Principal Re Ltd and Managing Partner at RISCS. Heather McClure, of the University of Oklahoma discussed the development of its Vermont captive, while Vermont regulators David Provost and Sandy Bigglestone sat down with VCIA's Rich Smith and Ian Davis, Director of Financial Services at the State of Vermont, to discuss the jurisdiction's 2018 and priorities for 2019. The Global Captive Podcast is supported by R&Q, the award winning provider of finality solutions for run-off portfolios. For more information, visit their website: www.rqih.com You can read more about this week's guests at: www.globalcaptivepodcast.com You can follow the pod on LinkedIn, and on Twitter and Instagram: @captivepodcast

Episode 4 of the Global Captive Podcast, supported by R&Q, will be released on Monday, 15 April. This trailer provides a sneak peak at contributions from our guests Oliver Schofield, of RISCS, University of Oklahoma's Heather McClure and Vermont's captive team of David Provost, Sandy Bigglestone, Rich Smith and Ian Davis. You can subscribe to the Global Captive Podcast on SoundCloud, Spotify, Apple Podcasts or any other podcast platform. Visit us at www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast Twitter and Instagram @captivepodcast

Recording at the CICA International Conference in Tucson, Arizona, Richard Cutcher is joined by guest co-host Steve Kinion, Director of Delaware's Bureau of Captive and Financial Insurance Products, as they debate counting captives and compare international captive regulation. Richard also speaks to Fredrik Finnman, Head of Group Risk Management at Swedish multinational Sandvik and Spring Consulting's Karin Landry about workers' compensation, employee benefits and Solvency II, while Mikhail Raybshteyn, of EY, provides an update on tax matters in the United States. Dan Towle, President of the Captive Insurance Companies Association, also drops in to discuss the success of this year's CICA International Conference. The Global Captive Podcast is supported by R&Q, the award winning provider of finality solutions for run-off portfolios. For more information, visit their website: www.rqih.com You can read more about this week's guests at: www.globalcaptivepodcast.com You can follow the pod on LinkedIn, and on Twitter and Instagram: @captivepodcast

Episode 3 of the Global Captive Podcast, supported by R&Q, will be released on Monday, 1 April. This trailer provides a sneak peak at contributions from our guests Steve Kinion, of Delaware, CICA president Dan Towle, Sandvik's risk manager Fredrik Finnman, Spring Consulting's Karin Landry and Mikhail Raybshteyn, of EY. You can subscribe to the Global Captive Podcast on SoundCloud, Spotify, Apple Podcasts or any other podcast platform. Visit us at www.globalcaptivepodcast.com Follow us on LinkedIn: www.linkedin.com/company/global-captive-podcast Twitter and Instagram @captivepodcast

Richard Cutcher is joined by guest co-host Jason Flaxbeard, of Beecher Carlson, and discusses captive investment strategies with Bertrand Gilson, Chief Investment Officer of Builders Insurance Holdings, and Anjanette Fowler, of Madison Scottsdale. Richard also speaks to Dominic Wheatley, CEO of We Are Guernsey, about UK parliament's attempt to enforce public beneficial ownership registers on the Crown Dependencies. The Global Captive Podcast is supported by R&Q, the award winning provider of finality solutions for run-off portfolios. For more information, visit their website: https://rqih.com You can read more about this week's guests at: https://www.globalcaptivepodcast.com You can follow the pod on LinkedIn, and on Twitter and Instagram: @captivepodcast

Episode 2 of the Global Captive Podcast, supported by R&Q, will be released on Monday, 18 March. This trailer provides a sneak peak at contributions from our guests Jason Flaxbeard, of Beecher Carlson, Builders Insurance Holdings CIO Bertrand Gilson, Dominic Wheatley, of We Are Guernsey, and Anjanette Fowler, from Madison Scottsdale insurance asset managers. You can subscribe to the Global Captive Podcast on SoundCloud, Spotify, Apple Podcasts or any other podcast platform. Visit us at http://www.globalcaptivepodcast.com Follow us on LinkedIn: https://www.linkedin.com/company/global-captive-podcast Twitter and Instagram @captivepodcast

Richard Cutcher is joined by guest co-host Ciaran Healy, who started his new role at Aon at the start of February, while Carl Leeman, CRO at Belgian multinational Katoen Natie, explains why he views Solvency II as "useless". Richard also speaks to Zurich's Emma Sansom about the changing role of fronting insurers and why they are seeing increased interest in writing cyber risk through the corporate captive. The Global Captive Podcast is supported by R&Q, a leading provider of finality solutions for run-off portfolios. For more information, visit their website: http://www.rqih.com You can read more about Richard's first guests here: https://www.globalcaptivepodcast.com/guests For more information on the Global Captive Podcast, visit the website: https://www.globalcaptivepodcast.com You can follow the pod on LinkedIn, and on Twitter and Instagram: @captivepodcast

The Global Captive Podcast, supported by R&Q and presented by Richard Cutcher, will be launched on Monday, 4 March. This trailer provides information on how to subscribe and the first guests on the Pod. Twitter & Instagram: @CaptivePod LinkedIn: Global Captive Podcast Website: www.globalcaptivepodcast.com