www.captiveinternational.com EDITOR’S LETTER 3
captives cannot ignore
Owen Faulkner, editor, Captive International
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Captive International – ISSN
Cover Image: iStock Photo / jpgfactory
he buzz this month is all around blockchain and cryptocurrencies,
and what role they may play in the captive insurance industry.
Certain domiciles have been quick to embrace these emerging
technologies. The Bermuda House of Assembly passed the ICO Act
in April, and it is waiting to receive the approval of the Senate and Royal Assent
at the time of writing. It is the latest move on the part of the government of
Bermuda to expand the range of businesses that operate on the Island, as well
as to encourage more tech-related companies to set up shop there.
Vermont is also in the process of exploring legislative possibilities to develop
opportunities in this sector.
Our cover story delves deep into cryptocurrencies and blockchain and how
these technologies might benefit mid- to large-sized companies in the captives
space, whether that be captive managers or captive owners.
Following on from this is a piece from Tatjana Winter, head of research
at BlockART Institute, who is a firm believer that the cryptocurrencies and
blockchain no longer exist in a speculative bubble, and examines uses cases,
along with previous and future fields of application for cryptocurrencies.
Meanwhile, we have a healthy section on Bermuda in this issue ahead of the
Bermuda Captive Conference. Scheduled to run June 11 to 13, captive managers,
owners, regulators and service providers from all around the world are expected
to attend this event, from which this publication will be reporting live.
To complement the event, we have in this issue a foreword provided by the
Premier of Bermuda, David Burt, along with a Q&A provided by the Bermuda
Monetary Authority, reflecting on the success of Bermuda’s market in 2017,
along with future trends beginning to emerge.
Also in this issue we have a piece from John Talley, captive programme manager
at the division of insurance company regulation at the Missouri Department of
Insurance, Financial Institutions and Professional Registration. He provides an
overview of agriculture and agribusiness and some of the considerations to be
made when forming a captive in this space.
Summer is approaching and it will be interesting to see how new legislation
and developments in these emerging technologies will shape the captives