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Crum & Forster opens captive facility in Cayman
Specialty and commercial insurer Crum & Forster has set up a captive facility in the Cayman Islands through its health division.
Bermuda captives market might be open to cannabis
The Bermuda captives market is open to innovative new areas of captive insurance, including potentially cannabis-related companies, a panel at a conference in London has heard.
Crumbling foundations captive postponed
The launch of the non-profit captive that will distribute remediation funds to assist homeowners with crumbling concrete foundations, Connecticut Foundation Solutions Indemnity Company (CFSIC), has been delayed.
Former Zurich head forms captive manager to meet growing Asia demand
Former Zurich Asia captives head Sean Welsch has formed a new captive management company in Singapore.
VCIA seeks to build ties with China captive sector
The Vermont Captive Insurance Association (VCIA) is looking to build its relationship with the Chinese insurance market and aid China’s nascent captive sector.
Reinsurance vet launches cat broker with unique ownership model
Risk transfer veteran Ted Blanch has introduced a new Florida-focused broker with a unique ownership model that he claims will lower costs and disrupt catastrophe reinsurance.
University of California forms new captive Eureka PCC
The University of California (UC) has received regulatory approval for the formation of a new protected cell company, Eureka Insurance Company PCC.
HyreCar to form captive for on-demand Uber and Lyft drivers
HyreCar, a carsharing marketplace for ridesharing, has established a joint venture that will focus on creating a captive insurance company designed specifically for carsharing in the ridesharing space.
University of California captive assets almost reach $1bn
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.
Aegon to boost US capital position $1bn through captive merger
Dutch life insurance company Aegon is merging two of its legal entities - its Arizona-based variable annuity captive with Transamerica Life Insurance Company (TLIC) - which it expects to boost its US capital position by approximately $1 billion.
