The Isle of Man has posted 5 percent growth in the number of captive formations in 2014. During this period, seven captives were dissolved.
The Cayman Islands has incorporated its first portfolio insurance company (PIC), following new legislation.
Texas Senator Kevin Eltife has filed legislation to expand the provisions of SB 734 that passed in 2013 authorising captive insurance in Texas for the first time.
A decrease in the amount of risk retention groups (RRG) in 2014 has not affected their financial strength.
Rating agency AM Best has affirmed the financial strength rating of A-(Excellent) and the issuer credit rating of ‘a-‘ of AT&T’s captive Gateway Rivers Insurance Company.
Swiss Re Corporate Solutions’ subsidiary Swiss Re Corporate Solutions Advisors South Africa has been licensed as a financial services provider in South Africa.
The Delaware Department of Insurance licensed 87 captives in 2014, in what its Insurance Commissioner said was a record year.
Captive manager USA Risk Group has unveiled the details of its tenth annual education conference in North Carolina, with the theme of 'A Decade of Distinction'.
The audience at the 24th annual World Captive Forum has more than tripled in 2015, with interest still growing.
Bermuda is actively pursuing the opportunities created by captive owners intending to re-domicile from other centres.