Bermuda is the world’s largest domicile by number of active captives, reporting a total of 856 at the end of 2012.
This week the Cayman Islands Legislative Assembly passed an amendment to allow the registration of portfolio insurance companies (PICs) within segregated portfolio company insurers (SPCs).
Cayman-based Palms Insurance Company has been assigned a financial strength rating of A (Excellent) by rating agency, AM Best.
Allianz Global and Corporate Specialty has recruited five new heads of business as it ramps up its African operations.
According to a market study conducted by the Captive Insurance Companies Association, the greatest challenge in owning a captive, as reported by the survey participants, is retention/growth/expanded utilisation.
In a move that could signal the first stages of establishing itself as a captive insurance domicile, Maryland legislators have introduced a bill ordering a study of the captive insurance industry.
EIOPA has signed an operational Memorandum of Understanding with the World Bank agreeing to collaborate on the development of the global insurance sector.
The CICA announced two new officers during their annual conference in Rancho Mirage, California last week.
The organisers of FinanceMalta announced today that their 6th annual conference, Competing in Global Markets: The New Normal, will feature keynote speeches from David Powell of Bloomberg and Professor Drew Markson of the Thomas Jefferson School of Law, San Diego.
In its first annual insurance barometer of the MENA region, the Qatar Financial Centre found that senior regional executives were bullish about regional prospects.