For those looking to explore Captives for their organisations: Know the business’ hotspots, choose your industry partners wisely, talk to senior management, and broaden your expertise. Starting a captive is a marathon rather than a sprint – you don’t need to start big and keep your eyes fixed on the long-term.
On getting buy-in from key decision-makers: Intimately know your organisations’ risk appetite and risk retention strategy, identify key stakeholders, identify what keeps your C-Suite awake at night and the business’ worst-case scenarios. The case studies we explored today highlighted how Captives have worked well in addressing these.
Captives are an efficient risk management tool that brings together Enterprise Risk Management and Insurance Risk Financing methodology, and this has never been more relevant in these current times. Learn from real life case studies of how risk managers proactively utilize captives to write new businesses and fund higher retentions, putting in place solutions ranging from Earnings/Capital Protection to Volatility Reduction, all structured with the unparalleled support of HDI Global and Hannover Re (both members of Talanx, one of Europe’s leading insurance group).
HDI Global SE
Member of the Executive Board
HDI Global SE
Member of the Executive Board
Hannover Rück SE
Builders Insurance Holdings
Head of the Captive Committee
RISICOM Rückversicherung AG
Group Deputy Director,
Risk Management & Insurance
Business Risk Consultant, Asia Pacific
Jeffrey is a member of FM Global’s Business Risk Consulting (BRC) team in the Asia Pacific region. BRC services take a strategic approach towards helping clients identify the critical processes that drive their businesses and quantify dependencies on those processes. Through Business Impact Analysis (BIA), BRC helps clients to better understand the financial exposures to their businesses, to strengthen business resilience and develop effective risk management strategies.
Jeffrey joined FM Global in September of 2018. Prior to joining FM Global, Jeffrey was a Risk & Compliance Manager in the Group Finance department of The Great Eastern Life Assurance Company Limited, where he specialised in business process improvements and developing risk strategies. Prior to Great Eastern, Jeffrey served as a Corporate Improvement Manager in a publicly listed supply chain management company. He also had experience in performing financial statement audits in a range of industries, during his stint as a Senior Assurance Associate in Deloitte.
As a member of the Business Risk Consulting Group, Jeffrey is primarily responsible for conducting Business Impact Analysis, working in partnership with FM Global clients, to fully identify and quantify the client’s financial exposures as they relate to property and business interruption loss potential. The analysis Jeffrey performs often result in the identification of significant exposures that were previously unknown or not fully understood by the client, which potentially has a material impact to risk management decisions.
Jeffrey holds a Bachelor of Accountancy degree from Nanyang Business School, Nanyang Technological University of Singapore. He is also a certified Chartered Accountant.
Asia Complex Loss Director
Guido Gavio is the Asia Complex Loss Director for BELFOR Asia. He has more than 22 years of experience in handling restoration projects for companies suffering from losses after a disaster. He joined BELFOR Asia, then known as Relectronic – Remech as a Restoration Engineer in Australia in 1996. He rose through the ranks and was seconded to Thailand for 3 years from 1998 to 2001 before being posted to the regional Headquarters in Asia in 200
Guido studied electrical engineering at the Universidad Technologica de Buenos Aires in Argentina. Upon graduation, Guido worked at the National Institute of Industrial Technology assisting with research programs in the area of superconductors where he gained considerable hands – on experience in developing and building prototypes. Guido then migrated to Australia where he worked for Telstra in the design and construction of the cable and internet network.
Upon completion of the Telstra project, Guido joined Relectronic – Remech. BELFOR Asia has the capability to recover buildings, production lines and other property, following disaster incidents such as fire, explosion, earthquake, typhoon, wind, flooding, rain, water ingress, chemical spills etc.
The company has maintained the market leader position for disaster recovery in Asia for the past 25 years, and is now handling more than 1,600 industrial disaster incidents per year.