North Carolina attracts 26 new captives in 2019
The North Carolina Department of Insurance (NCDOI) licensed 26 new captive insurers and approved 61 new cells in 2019, according to figures published in its 2019 end-of-year report for its captive insurance program.
BlueStone launches private client group
BlueStone Advisors has launched a private client group (PCG) to provide affluent and high net worth individuals and families with personal asset protection.
JLT and Hyperion settle employee poaching lawsuit
A number of JLT employees who left the firm to join Hyperion will have to serve out their notice periods before taking up their new positions, after JLT initiated a lawsuit against Hyperion.
Hyperion X Analytics hires captive strategist as head of advisory
Hyperion X Analytics, the analytics and advisory division of Hyperion Insurance Group, has hired Mark Shumway as head of advisory. He specialises in captive strategy, as well as re/insurance capital management, rating agency advisory, shareholder value, regulatory capital and fundraising.
Fiji considers allowing captive insurance frameworks
Fiji is considering allowing captive insurance frameworks to operate in its market, according to Ariff Ali, the governor of the Reserve Bank of Fiji (RBF).
Kazakhstan Energy Reinsurance Company leaves Bermuda to set up closer to home
The Astana Financial Services Authority (AFSA) has issued a license to the Kazakhstan Energy Reinsurance Company (KERC) to operate as a captive insurance company in Kazakhstan.
Amice calls for proportionate application of Solvency II for smaller insurers
The Association of Mutual Insurers and Insurance Cooperatives in Europe (Amice) has called for more effective use of proportionality in the application of Solvency II rules.
Gemini Trust launches first cryptocurrency custody captive
Gemini Trust Company, a cryptocurrency exchange and custodian, has launched a captive insurance company, Nakamoto, in Bermuda.
Risk Strategies acquires student health insurance provider
Risk Strategies has acquired Academic HealthPlans (AHP), a creator and administrator of health insurance plans that colleges and universities make available to students.
CICA names finalists in captive essay contest
The Captive Insurance Companies Association has named the three finalist teams in its Captive Insurance Solutions for Emerging Industries essay contest.
