The universe of captives rated by A.M. Best continues to outperform the commercial sector in every key financial measure, according to the latest edition of Best's journal.
The European insurance industry has maintained a path of stability and growth, even through times of crisis, according to figures released by Insurance Europe, the insurance and reinsurance federation for the EU.
Eight members of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have become the first countries to purchase its excess rainfall insurance coverage for the 2014/2015 policy year.
The Hong Kong government has introduced its newest policy in promoting its captive insurance industry at a seminar held in Beijing.
A former banking supervisor with 23 years of financial services experience has returned to the Cayman Islands Monetary Authority (CIMA), this time appointed as deputy managing director-supervision.
Fitch has stated that subjecting captives to full NAIC accreditation standards “could materially increase costs” and might lead to the disclosure of information sensitive to the parent’s competitive position.
Specialty insurers operating in the energy sector have consistently produced positive operating results over the most recent five years (2009-2013), as measured by pre-tax operating returns.
Aon has announced the appointment of John G. Bruno as executive vice president of enterprise innovation and chief information officer.
Moody's Investors Service has assigned a first-time A1 insurance financial strength (IFS) rating of ‘stable’ to CNPC Captive Insurance Company Limited (CNPC Captive Insurance).
A.M. Best has downgraded the financial strength rating of Preferred Contractors Insurance Company Risk Retention Group (PCIC) from B+ (Good) to B (Fair) and the issuer credit rating from "bbb-" to "bb".