Articles

Analysis

Captive formation stats don’t give full picture on group captive growth

While overall growth in captive formations has been nominal - less than 1 percent annual growth for total captives worldwide - there are group captive programmes which have experienced significant growth, with certain group programmes 50 percent growth in membership in the last five years, according to analysis in a Strategic Risk Solutions webinar.   11 March 2018

Analysis

AIG wants to grow alongside Bermuda in the captives space

Bermuda’s growth prospects as a captive domicile look promising in 2018—and AIG is looking to benefit by boosting its own presence on the Island, Kathleen Bibbings, vice president and head of Bermuda captive services at AIG, tells Captive International.   9 March 2018

Analysis

Willis Towers Watson hires 30-year captive insurance vet to lead Bermuda business

Willis Towers Watson has appointed Paul Bailie as head of its Bermuda captive practice.   6 March 2018

Analysis

AXA to acquire XL Group for $15.3bn in second half of 2018

French Insurer AXA has agreed to acquire Bermuda-based XL Group for $15.3 billion (€12.4 billion) in cash.   5 March 2018

Analysis

Bermuda registered 58 new insurers in 2017, including 17 captives

Bermuda’s insurance industry registered a total of 58 new insurers, ranging from captives and long-term re/insurers to special purpose insurers (SPIs), compared to 42 in 2016, according to Bermuda Monetary Authority (BMA) statistics.   1 March 2018

Analysis

Law firm Carey Olsen enters Bermuda market

Bermudian attorney and managing partner Michael Hanson in association with offshore firm Carey Olsen has established a new practice in Bermuda.   8 February 2018

Analysis

Bermuda welcomes 17 new captives

Bermuda Monetary Authority registered 17 new captives in 2017, up from 13 new captives year-on-year.   7 February 2018

Analysis

Two senior BMA members to serve as IAIS co-vice chairs

Two members of the Bermuda Monetary Authority's (BMA) senior management team, Craig Swan and Marcelo Ramella, will serve as co-vice chairs - the first time at a committee level - for the International Association of Insurance Supervisors (IAIS), a global standard setting body which promotes effective and globally consistent supervision of the insurance industry.   26 January 2018

Analysis

R&Q to sell insurance and captive businesses to Davies Group for £20m

Randall & Quilter Investment Holdings (R&Q) is selling its insurance services and captive managements operations to Davies Group, an operations management, consultancy and digital solutions provider.   15 January 2018

Analysis

Acrisure to acquire re/insurance intermediary Beach

Acrisure, an insurance broker which has agency partners that offer insight and guidance for prospective captive owners, has reached an agreement to acquire 100 percent of re/insurance intermediary Beach & Associates’ equity from existing shareholders.   10 January 2018

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