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Analysis
The stigma against middle market captives is diminishing in the industry but has far from vanished, believes Jeremy Huish, business director at Artex Risk Solutions. 27 June 2013
Analysis
Management should encourage greater dialogue within their company if it is to effectively identify and deal with risk. 13 June 2013
IT & claims management analysis
Bermuda-based re/insurer ACE has enhanced its web-based information portal, ACE Worldview. It will now provide clients and brokers with claims information for their multinational insurance programmes with ACE. 10 June 2013
Services
The Iowa-domiciled captive of Toyota Motor Corporation received an upgrade in its financial strength and issuer credit ratings from A.M. Best. 23 May 2013
Services
Atlanta headquartered Brown & Brown has moved to acquire insurance and risk management broker, Beecher Carlson in a cash move. 23 May 2013
Law & regulation
Energy giant, BP’s Vermont-based Saturn captive has had its A- rating affirmed by AM Best; in a move that reflects its strong capitalisation, “low risk retention and excellent group reinsurance support.” 16 April 2013
Accounting & tax analysis
Guernsey’s tax standards have been endorsed by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes. 15 April 2013
Cayman analysis
A scholarship fund run by IMAC, which has sent 24 Caymanian students to complete post-secondary education since 1994, received a donation of $20,000 from Cayman-domiciled captive Churchill Casualty. 12 April 2013
Analysis
QualCare Captive Insurance Company, a captive of QualCare Inc, has been approved as the first sponsored cell captive in the state of New Jersey. 11 April 2013
Law & regulation
Delaware-domiciled United Contractors’ Insurance Company was downgraded by A.M. Best, their financial strength rating falling to C- and issuer credit rating to “cc”, before the rating agency withdrew the ratings at the request of the company’s management. 10 April 2013
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