King has over 25 years of experience in the insurance industry, both in the US and Norway.
Ocean Reinsurance Company, which focuses on reinsurance and offers a diversified product mix in several countries throughout South America, has been issued a financial strength and issuer credit rating of “A-“ and “a-“ respectively.
Private equity firm, KKR agrees to acquire a majority stake in Sedgwick Claims Management for $2.4 billion from existing investors Hellman & Friedman and Stone Point Capital.
As part of the Bermuda Monetary Authority’s (BMA) 214 business plan an enhanced statutory financial return will become an annual requirement for captive insurers.
The Guernsey Financial Services Commission licensed 89 insurers during 2013, with a net growth of 21 insurers, bringing the total licensed insurers on the Island to 758.
Captives involved in the residential home loan market may have the opportunity to join federal home loan banks and benefit from improved liquidity and risk financing as members.
The US Internal Revenue Service is gunning for captives but not necessarily coming away with victories. This is the opinion of Alex Webb, chairman of the North Carolina Captive Association and partner at Webb & Coyle.
HealthCare Risk Services (HRS), a managing general underwriter, and Western Summit, its affiliated wholesale brokerage, have been acquired by Captive Resources.
Governor Peter Shumlin shared the state’s positive results during the Vermont Captive Insurance Association’s Legislative Day.
Considerable hype and press coverage in recent months, particularly around 831b and life insurer captives, has done more harm than good for the captive sector.