Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) of Palms Insurance Company, the Cayman Islands-based captive of NextEra Energy Capital Holdings (NEECH).
Captive specialists within the Bermuda Business Development Agency (BDA) are heading to Vancouver and Toronto to raise awareness about the value of captives to Canadian corporations.
The Cayman Islands Insurance Industry has seen a buoyant start to 2017, with eight new Insurer licenses issued in the first quarter, according to the Insurance Managers Association of Cayman (IMAC).
Grant Thornton Cayman, an accountancy and audit firm that provides captive consulting in the Cayman Islands, has appointed Dara Keogh as a co-managing partner, as founding partner Terry Carson steps down for retirement.
The Captive Insurance Companies Association (CICA) board of directors has named Dan Towle as its new president, to replace the outgoing Dennis Harwick.
An increasing amount of international companies are setting up multinational pooling and captive arrangements to tackle the rising costs of employee benefits, according to Willis Towers Watson.
The Insurance Managers Association of Cayman (IMAC) has appointed Linda Haddleton, the managing director of Artex, as its new chairperson.
A majority of executives are concerned that the captive insurance industry will face a shortage of adequately trained staff in the future, according to an exclusive online poll conducted by the website Captive International.
Despite growing concerns about the challenges facing captives domiciled in the Cayman Islands, Conor Jennings, managing director of Captiva Managers, tells Captive International that the overall picture is positive.
Kieran O'Mahony, chairman of IMAC, has welcomed delegates to the 24th Cayman Captive Conference, telling the audience that registrations had exceeded 1500, a record high for the event.