European legacy acquirer DARAG has formed a strategic partnership with London-based investment management company New Nordic Advisors, focusing on a number of project areas, including the provision of legacy, active business and restructuring solutions.
Strategic Risk Solutions Europe (SRS Europe) has introduced a carbon emission risk programme to be run in conjunction with Kenneth Miger of Carbon Risk Solutions.
Mid-size companies are continuing to see the benefit of captive insurance solutions, such as US captives that make the 831(b) election, despite negative stories labeling them as tax shelters or instances of poorly structured captives being taken to court.
The government of the Pacific Island country Tonga has received a $3.5 million pay-out from the Pacific Catastrophe Risk Insurance Company (PCRIC) following Cyclone Gita, a Category 4 cyclone that struck the islands on February 12, 2018.
Marsh Captive Solutions has formed a new protected cell company (PCC) domiciled in Malta, Mangrove Insurance Europe PCC.
The State of Hawaii grew its licensed captive population to 230 in 2017, welcoming 30 new captives and dissolving eight.
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).
South Carolina welcomed 15 new captives in 2017, while removed nine from its registry, bringing the state to 169 in total.
Specialty P&C transportation insurer National Interstate has launched a group rental captive designed for the towing and recovery industry, TowCap Premier, the first captive of this type within this sector.
Inter Insurance Agency has partnered with New York Independent Automobile Dealers Association (NYIADA) to form a new risk retention group (RRG), the first to be domiciled in Oklahoma.