Find News

Filter articles

Showing 1 to 10 of 1517 results

Essent Guaranty closes reinsurance deal

Bermuda, North America23-03-2018Reinsurance

Essent Group subsidiary Essent Guaranty has obtained $424.4 million of fully collateralised excess of loss reinsurance coverage on mortgage insurance policies written by Essent in 2017 from Radnor Re 2018-1, a newly formed Bermuda special purpose insurer.

Sura Re gets stable rating from AM Best

Bermuda, Latin America22-03-2018Reinsurance

AM Best has assigned a financial strength rating of B++ (Good) and a long-term issuer credit rating of “bbb” to Sura Re (Bermuda). The outlook assigned to these ratings is stable.

Diversity, cyber and blockchain themes for Bermuda Captive Conference


Board diversity, female leadership, cyber risk, blockchain and climate change will be among the hot topics shaping the 2018 agenda of the 14th Bermuda Captive Conference, slated for June 11–13 at Fairmont Southampton.

Owners including Microsoft, Coca-Cola to feature at Bermuda Captive Conference


Representatives from major client corporations self-insuring via Bermuda captives including General Motors, Caterpillar, Microsoft, Coca-Cola, and True Value Hardware Stores will speak at the 2018 Bermuda Captive Conference.

Michigan licenced three new captives in 2017 – one redomiciled from Bermuda

Bermuda, North America21-03-2018Insurance

Michigan-domiciled captive insurance companies exceeded $2 billion in written premiums for the first time in 2017 and three new captives were licensed in the state.

Oregon welcomed 10 new captives in 2017 – but six also closed

North America20-03-2018Insurance

The state of Oregon licensed ten new captives in 2017 – although six closed in the same period.

AM Best affirms ratings of Malaysia’s national oil company’s captive


Ratings agency AM Best has affirmed the Financial Strength Rating of A (Excellent) of Energas Insurance, the sole captive insurer of Petroliam Nasional Berhad, Malaysia’s national oil and gas company. The outlook of the ratings is stable.

Milliman principal elected chair of CICA as it reshuffles board

North America15-03-2018Insurance

Joel Chansky, a principal and consulting actuary in the Boston office of Milliman, has been elected chair of the board of directors of the Captive Insurance Companies Association (CICA).

US tax reforms not expected to impact on captive formations

North America14-03-2018Insurance

The US Tax Cuts and Jobs Act 2017 represents the first major overhaul to federal taxes since 1986, and there are provisions that both US and international captives must be wary of. But changes are not expected to impact the numbers of captives formed.

Captives can aid growing marijuana industry – if federal stance can be reconciled

North America14-03-2018Insurance

The rapidly growing medical marijuana industry in certain US states needs insurance and captives could provide a solution to companies in this space – if, that is, the small problem of marijuana being illegal at a federal level can be overcome.

Showing 1 to 10 of 1517 results

Captive International