Steve Bauman, global programs and captives director, Americas, Axa XL, said organizations face risk if their captives are noncompliant. Bauman spoke with AM Best TV at the annual Vermont Captive Insurance Association conference in Burlington.
Sept. 2, 2023
View Full Best's Event Coverage of the VCIA 2023 Annual Conference
Sign Up for AM Best TV Alerts
Competitors or Peers, Captive Domicile Leaders Agree: Let's Meet in Vermont
Agile's Duncan: Captive Insurers Face Collateral Challenges
Delaware's Taylor: IRS Focus on Small Captives Sparks Rise in Dissolution Requests
Pinnacle Financial's Corbett: Captive Insurers Have a Range of Banking Considerations
Vermont's Gaffney: Captive Sector Is an Incubator of Innovation
Kite Realty's Severson: Hurricanes, Carrier Restrictions Make Captives an Option for Property Risk
Lockton's Rapciewicz: Captive Clients Are More Willing to Retain Significant Risk
Zurich NA's Scherzinger: Captives Widening Their Scope of Coverages
Captive Expert Panel: Parametric Cover Gains a Foothold as Regulators, Others Adapt
AM Best's Andre: Captives' Strength Is Their First-Hand View of Risk Data
Michigan's Piner Sees Captive Future in Cannabis, Auto, Life Sectors
Henry Crown's Lubben: Cash Flow Can Be an Internal Challenge for Insurance Captives
Hylant's Towle: Cell Captive Insurers Are Gaining Profile
EdRisk's Hassett: Moving a Captive From Group to a Cell Saves Expense, Widens Opportunities
VCIA's Mead: Vermont Captives Emerge as Option for International Risk
Hawaii's Shimomoto: Japanese Companies Help Drive State's Captive Growth
Aon's Steinman: Risk Managers Must Demonstrate the Value of Their Captive Insurers
AM Best Captive Insurance Panel: Rated Captives See Strong Performance
Caitlin Morgan’s Partlow: Property, Excess Umbrella Challenges Prompt Captive Inquiries
SRS’ Theriault: Difficult Commercial Market Prompts Captive Growth
Missouri’s Komo: Construction Sector Shows Interest in Captive Insurance
Vermont’s Bigglestone: Cells Offer Quicker Entry Into Captive Insurance
QBE’s Gransbury: Growth in Self-Funded Medical Plans Spurs Stop-Loss Market
Great American’s Urso: Commercial Market Pressures Entice Nonprofits to Captive Sector
Relm’s Ziolkowski: Digital Assets Can Help Insurers With Asset Liability Matching
Axa XL’s Bauman: Captive Insurers Play Role in Corporate Governance
CBIZ’s Peed: Launching a Captive Insurer Takes Executive Support
Vermont's Nevins: Latest Captive Regulatory Update Includes Strengthened Confidential
NC's Gorman: Legislation Set to Boost North Carolina's Captive Insurance Industry
EDIC's Carroll: Dental Consolidation Is Remaking Risk Markets
Tennessee's Wiedeman: Healthy Captives Are Well-Capitalized With Involved Boards
Utah's Wegkamp: State Simplifies Captive Formation, Adjusts Capitalization Requirements
HAI’s Malaspina: ‘Human Firewall’ Is Best Defense Against Cyberrisk
AM Best: Feasibility, Utility Sustain Rated Captives' Profitability