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Sompo expands business to smaller commercial clients

Bermuda12-08-2019Insurance, Reinsurance

Sompo Global Risk Solutions (GRS) has formed a new team offering insurance solutions to smaller businesses in the US and Mexico, including its industry vertical and Asian interest accounts.

Nerves are natural on economic substance but Bermuda can win long term


The new EU Economic Substance Act represents a paradigm shift for the captives industry but is also an opportunity for Bermuda, despite many in the captives sector being understandably nervous about its implications.

Many captives pay over the odds for collateral arrangements


Many captives are still paying over the odds for their collateral arrangements due to an inertia when it comes to exploring the use of captive collateral trusts instead of letters of credit (LoC). While more captives are starting to use the option, many captive owners and captive managers neglect the idea, often due to myths that do not stand up to scrutiny.

Firms mull insuring reputational risk using captives as cyber bolt on


While a growing number of companies are using their captives to transfer cyber risk, some of the most innovative are also exploring the possibility of insuring reputational risk, according to Jason Flaxbeard, executive managing director, captive management and consulting, Beecher Carlson.

Captives used to dodge primary rate hikes by accessing reinsurers direct


Many large companies are looking to better leverage their captives to avoid “unbudgeted” rate hikes on their traditional insurance programmes, John English, CEO, captive and insurance management, Aon, told Captive International.

Captive owners would not hesitate in choosing Bermuda again


Captive owners gave a ringing endorsement of Bermuda yesterday – saying they would have no hesitation in picking the Island again.

Economic uncertainty, financial volatility can mean opportunities for captives


The volatility and uncertainty in many of the world’s economies can represent opportunities for captive managers willing to explore active rather than passive investment strategies. “There are plenty of opportunities for investors and captives to benefit from the volatility we are seeing,” Henk Potts, director, investment strategy, Barclays Private Bank, told delegates at the Bermuda Captive Conference yesterday (Wednesday June 12).

Bermuda’s captive sector must be ready to step up and adapt: BMA's Cox


Bermuda’s captives industry remains robust and makes a substantial contribution to the country’s economy. But the sector also faces challenges and must learn to adapt and step up in the future – a process that could also mean some tough discussions with the regulator.

Caterpillar sets up Bermuda captive, predicts 15% savings on premiums


Setting up a captive could save up to 15 percent on health premiums, according to a panelist at the Bermuda Captive Conference who is looking at using a captive to fund a manufacturing company’s benefits programme.

Cox’s Fred Reiss award well deserved, says Bermuda finance minister


Jeremy Cox, the executive chair of the Bermuda Monetary Authority, was yesterday honoured for his work with a lifetime achievement award.

Showing 1 to 10 of 275 results

Captive International