In this GCP Short, produced in partnership with London &Capital, we take a closer look at the volatile international trade war kicked off since President Donald Trump was inaugurated for his second term and the consdierations for captives and their investment strategies.

In a 30 minute discussion, I am joined by Chris Dalziel, executive director, and James Mee, co-head of multi-asset strategies, to provide analysis of the knock-on effects of the tariff back-and-forth to date, balancing the long and short-term priorities for captive investment portfolios, and why an active investment strategy can be effective in a volatile environment such as this.

As reported on Captive Intelligence in March, longtime Friends of the Podcast London & Capital will be ⁠rebrandedas W1M⁠ in June after its merger with Waverton Investment Management last year.

For the latest news, analysis and thought leadership on the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with Brown & Brown, Luke hosts a discussion with Marc Bentley, head of global risk finance at IHG Plc, which owns a sophisticated multi-linecaptive in Vermont, and Mat Robinson, senior managing director and captive operations leader at Brown & Brown.

Making his third appearance on the Global Captive Podcast, Marc discusses the history of IHG’s captive structure including why they consolidated from multiple captives down to the one existing entity in Vermont, as well as the group’s overall captive strategy and approach to insurable risks.

Mat explains the role of the captive manager in working with a mature captive, such as IHG’s.

This interview was recorded at the VCIA conference in Burlington, Vermont in August 2024 with our senior reporter Luke Harrison hosting.

Marc Bentley also appeared on GCP in October 2023 discussing employee benefits. Listen here.

His first appearance on GCP was in October 2020 when he discussed financing retained risk. Listen here.

For more information on Brown & Brown and its captive services, visit its Friend of the Podcast page.

For the latest news, analysis and thought leadership on the global captive market visit Captive Intelligence, and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with AXA XL, we hear about a groundbreaking insurance programme putin place by the Swiss Federal Railways, known as SBB.

Robert Eigenheer, Head of Corporate Finance at the Swiss Federal Railways, explains the company’s approach to sustainability and how it uses its captive and insurance programmes to incentivise the business units to meet the group’s objectives.

We are also joined by Marine Charbonnier, Head of Underwriting for Captives and Facultatives in Europe and APAC at AXAL, one of the insurers supporting the innovative sustainability-linked insurance programme.

Marine explains how AXA XL is seeing and working with clients on utilising their captives to support sustainability initiatives.

For more information on AXA XL and its captive services, visit its Friend of the Podcast page.

For the latest global news, analysis and thought leadership visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with Hylant Global Captive Solutions, Richard is joined by Marc Victor, Managing Attorney for the Attorneys for Freedom Law Firm, and Anne Marie Towle, CEO of Hylant Global Risk and Captive Solutions, to discuss a recent Risk Retention Group formed by the Attorneys on Retainer Association.

Marc explains the unique insurance challenge faced by his firm, their clients and the Association in the area of firearms and self-defense, and why a RRG was the right captive structure.

For more information on Hylant and its captive services, visit its Friend of the Podcast page.

In episode 121 of the Global Captive Podcast, supported by the EY Global Captive Network, Richard is joined by Kristen Peed, RIMS president for 2025, to discuss what to expect at RISKWORLD in Chiago, from May 3-7.

01:34 - 12.57: Kristen shares the additional captive content planned for RISKWORLD this year, the lobbying priorities of the Association on a recent visit to Washington DC, and her captive plans at Sequoia.13.39 - 26.00: London & Capital share a timely quarterly investments update as Shadrack Kwasa is joined by the firm’s Senior Portfolio Manager Oliver Murray who provides analysis of the fallout from President Trump's tariff announcements, what they mean for the markets and considerations for captive investment portfolios.

Captive Intelligence reported last month that London & Capital and Waverton Investment Management will be consolidating the under new brand name W1M in June 2025, following the merger of the two firms last year.

For the latest news, analysis and thought leadership from the global captive market, visit Captive Intelligence and sign up to our twice-weekly newsletter.

In this GCP Short, produced in partnership with the State of Vermont, Richard is joined by Melissa Hollingsworth, Deputy Chief Risk oOficer at the Los Angeles Unified School District, who will explain why LAUSD recently formed a pure captive and how they look to expand it in the coming years.

We also hear from Jim DeVoe-Talluto, Assistant Director ofCaptive Insurance within the Captive Insurance Division at Vermont’s Department of Financial Regulation, who provides his perspective on the value of gaining internal buy-in, regulating fast growing and evolving captives, and the recent activity we’re seeing in the public institution and education sectors.

The views expressed are solely those of the individual and do not necessarily reflect the official policy or position of the Los Angeles Unified School District.

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 120 of the Global Captive Podcast, supported bythe EY Global Captive Network, Richard is brings three interviews recorded at the CICA Internatioal Conference, held in Tucson, Arizona in March 2025.

01.04 - 09.49: Dan Towle, president of CICA, reflects on another successful international conference and the state of the wider captive market.

10.48 - 35.00: Karen Hsi, Executive Director of Captive Programs at University of California, brings us up to speed on the system's sophisticated captive strategy, the impact of the LA wildfires and how she is using the captive programme to develop new talent in the industry.

36.00 - 46.05: Matthew Newman discusses the Lloyd’s Captive Syndicate proposition, the kinds of companies it should be suitable for and why it fits so well into a multi-captive strategy.

For the latest news, data-driven analysis and thought leadership on the global captive market visit Captive Intelligence and sign up to our twice-weekly newsletter.

Richard hosts the latest live episode of the Global Captive Podcast, recorded in front of a live audience at the closing session of the CICA International Conference in Tucson, Arizona on 11 March, 2025.

Richard is joined by the below six guests for 30 minutes of informal captive chat and captive insurance trivia.

Jason Tyng, HDI Global

Christine Brown, State of Vermont

David Beyer, Alaska Air

Joe McDonald, Captives.Insure

Mary Ellen Moriarty, EIIA & CICA Chair

Courtney Claflin

For all the latest news, analysis and thought leadership on the global captive market visit Captive Intelligence and sign up to our twice-weekly newsletter.