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’s Global Services and Solutions (GSS) practice has appointed Paul Devitt as director, based in London.
The Alabama Captive Association has revealed its new board of directors ahead of its annual conference, to be held September 18-19.
XL Catlin has appointed Steven Bauman as head of global programmes and captive practice in North America, based in New York.
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).
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.
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.
The Vermont Captive Insurance Association (VCIA) will be holding its annual captive insurance conference on August 8-10.
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.
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).