On March 9 equity markets suffered some of their worst days of trading since 2008, leaving captives with large equity positions in their investment portfolios facing the prospect of heavy losses.
The University of California's (UC) investment assets under management - including its captive insurers Fiat Lux and UC Health RRG - grew substantially in the fiscal year ending June 30, 2018, with the captive assets reaching almost $1 billion.
Aon Risk Solutions has launched a capital advisory unit designed to assist re/insurers, Lloyd's syndicates and captive insurance companies with their capital optimisation.
Malta-based European legacy acquirer DARAG has secured an equity funding of up to €260 million to support growth plans for the business.
HSBC Global Asset Management (Bermuda), manager of HSBC Corporate Money Funds (HCMF), has introduced its first offshore US Treasury fund domiciled in Bermuda, targeted at institutional investors from the re/insurance, captive and ILS market locally.
The US economy is performing well and remains on a positive trajectory – but there are concerns over it overheating and the medium-term implications of the deficit, two notable economists agreed at a panel discussion held on Wednesday morning at the annual Bermuda Captive Conference, which is taking place at the Fairmont Southampton Hotel on Bermuda this week.
European legacy acquirer DARAG and investment management company New Nordic have made their first joint transaction since partnering, acquiring two portfolios of Qudos Insurance via their joint cell structure in Malta.
Aon’s total revenue increased 10 percent to $2.9 billion in the fourth quarter of 2017, with total organic revenue increasing 6 percent year-on-year.
The Cayman Islands licensed 33 new insurers in 2017, including 27 new class B insurers (captives and other commercial re/insurers) and six class C insurers (special purpose insurers).
Nearly two-thirds of employee benefit (EB) consultants believe that closing the EB gap for small and medium-sized enterprises is the biggest priority for growth in the market, according to research from MetLife UK.