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Unprecedented uncertainty in politics presents insurance opportunities: Marsh
Rising geopolitical and geo-economic tensions are leading to increased uncertainty and risk for multinationals with direct foreign investments, which in turn provides opportunity for political and trade credit insurance, and by extension captive insurance.
Steady increase in the number of energy companies using captives: Aon
The energy sector has seen an increased use of captive insurance over the last 5 years, as it continues to be a key part of companies' risk management strategies, according to an Aon report.
Energi's eCaptiv forms two group captive programmes in Canada
Massachusetts-based managing general agency Energi Insurance Services has formed two group captives through its eCaptiv subsidiary to tackle the commercial auto insurance market in Canada.
Captives can align interests of MGAs and re/insurers, says Lloyd’s panel
A managing general agency (MGA) can leverage a captive insurance company to enhance its performance and give it a competitive edge over other MGAs, and ultimately build a better relationship with the reinsurance market.
The Hartford and Liberty Mutual to assist Crumbling Foundations captive
Connecticut has entered into two separate memoranda of understanding with The Hartford and Liberty Mutual Insurance to provide supplemental financial assistance to policyholders who file claims and receive awards to remediate their crumbling concrete foundations through the state’s captive insurance programme, the Connecticut Foundations Solutions Indemnity Company (CFSIC).
Mapfre forms first ARC captive in Vermont
The State of Vermont licensed 25 captives in 2018, including one affiliated reinsurance company (ARC), according to statistics released by the Department of Financial Regulation.
Automotive, manufacturing and retail captives dominate new Bermuda formations
The automotive, manufacturing and retail industry was responsible for the majority of new formations on Bermuda in 2017, according to the BMA Captive Report 2018.
Bermuda captives double cyber premiums in 2017
Bermuda captives writing cyber risk experienced the greatest year-on-year percentage increase out of any line of business in the market in 2017, according to the BMA Captive Report 2018.
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.
