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Tennessee aims to modernise domicile with new legislation

North America25-05-2017Insurance

The State of Tennessee is working to make itself a more attractive domicile to locate a captive insurance company with the introduction of new legislation.

Willis Towers Watson GSS brings in captive specialist as director


Willis Towers Watson’s Global Services and Solutions (GSS) practice has appointed Paul Devitt as director, based in London.

Alabama Captive Association unveils board of directors

North America24-05-2017Insurance

The Alabama Captive Association has revealed its new board of directors ahead of its annual conference, to be held September 18-19.

XL Catlin names head of captive practice in North America

North America23-05-2017Insurance, Reinsurance

XL Catlin has appointed Steven Bauman as head of global programmes and captive practice in North America, based in New York.

AM Best assigns ‘Excellent’ rating to Cayman Islands energy captive

Cayman Islands22-05-2017Insurance

Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) of Palms Insurance Company, the Cayman Islands-based captive of NextEra Energy Capital Holdings (NEECH).

Puerto Rico is ‘open for business’ despite bankruptcy concerns: PRIIA

Bermuda, Cayman and Caribbean22-05-2017Insurance, Reinsurance

The Puerto Rico International Insurers Association (PRIIA), an industry trade group, has assured that its international insurers are ‘open for business’ in spite of the fact the island is filing for voluntary bankruptcy.

Guernsey sees significant take-up in captive interest from Asia

Asia-Pacific, Guernsey19-05-2017Insurance

The chief executive of Guernsey Finance, Dominic Wheatley, says that Guernsey is seeing in both China and Hong Kong a growing awareness of what captives can achieve for corporations in terms of both the financing and the governance of retained risks.

Vermont unveils theme for captive conference

North America19-05-2017Insurance

The Vermont Captive Insurance Association (VCIA) will be holding its annual captive insurance conference on August 8-10.

Covered agreement would improve reinsurance between US and Europe: RIMS

Europe, North America18-05-2017Insurance, Reinsurance

The Risk & Insurance Management Society (RIMS) has written a letter to the US Department of the Treasury expressing its support for the proposed US-EU covered agreement on reinsurance.

Growth potential for Asian captive markets is huge: Labuan IBFC CEO


The Asian market for captive insurers is relatively unexplored and the potential for growth is immense, according to Danial Mah Abdullah, CEO of the Labuan International Business and Financial Centre (Labuan IBFC).

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