The Cayman Islands Monetary Authority has promoted Suzanne Sadlier to deputy head of the insurance supervision division and Judiann Myles to deputy head of the compliance division.
The Federation of European Risk Management Associations (FERMA) has proposed guidelines for captive re/insurance arrangements aimed at ensuring a consistent implementation of the OECD recommendations on Base Erosion and Profit Shifting (BEPS).
Insurance and risk managers will need to work together to create a new business model, if they are to retain value and relevance to business, according to analysis from Airmic, AXA Corporate Solutions, Chubb and JLT Specialty.
Captives are continuing to demonstrate their value in the management and retention of risk, as they venture out from covering mainstay risks to the more non-traditional.
Ministers and high-level officials from 76 countries and jurisdictions have signed a multilateral BEPS convention to close loopholes in tax treaties and reduce opportunities for tax avoidance by multinational enterprises.
Greenlight Capital Re, a Cayman Islands-based provider of reinsurance solutions to insurers, risk retention groups and captives, has appointed Simon Burton as its CEO, effective July 1.
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.