US captives rated by AM Best continued their run of strong financial results in 2019, according to AM Best’s Market Segment Report, titled Commercial Market Dislocation Could Provide New Opportunities for Captives to Fill the Void.
Guy Carpenter, the reinsurance broker, has appointed Andrea Piatti as managing director in its Global Risk Solutions unit, covering Europe, the Middle East and North Africa (MENA).
RYSKEX has been named as the winner of the Lloyd’s Lab Fusion event, designed to test early-stage start-up ideas aimed at dealing with COVID-19 and other systemic risks.
The Willis pension scheme has executed a longevity swap through its Guernsey-based captive.
The business will be re-branded and trade as part of Davies Captive Management.
It relates to Notice 2016-66 that forces some captives owners to report tax details to the IRS.
AGCS’ ART unit provides structured re/insurance solutions including fronting and captives solutions.
While the penalty is lower in the Oropeza case, this is an exception.
It addresses specific concerns the captive insurance industry has around recent actions by the IRS.
The executive was also a founder of Hamilton Insurance Group in Bermuda.