During a speech at the 2012 Cayman Captive Forum, Mark Scotland announced the passing of a new regulations under the Cayman Islands Insurance law (2010), including the fee schedule for captives.
Recent claims by some in the industry that the costs of Solvency II compliance could be passed to captives will not necessarily be true, according to European insurance experts.
BlackRock plans to launch a new investment unit that will specialise in structuring investment opportunities that would allow insurers and captives to invest in infrastructure debt.
Independent wealth management firm London & Capital will begin offering a managed portfolio solution specifically for cell captives.
Willis Global Captive Practice has launched WillisCaptus, an online underwriting and data management system it says is targeted specifically at captives, healthcare providers and risk retention groups.
Barclays Wealth and Investment Management has appointed Simon Phillips as head of Captive Insurance.
Vantage, the Jersey-based insurance and financial services company, has expanded its captive management division by recruiting Giles Dalby as captive insurance manager.
Specialty Program and Risk Transfer Alternatives (SPARTA) has appointed Tom Colosi as senior vice president of underwriting. Colosi will be based in the company’s headquarters in Hartford, Connecticut.
The Captive Insurance Companies Association (CICA) has this week criticised the findings of a white paper published by the National Association of Insurance Commissioners (NAIC).
Roundstone Insurance has launched a new programme which is intended to leverage the strengths of wellness initiatives, self-funding and captive insurance, while simultaneously addressing their shortcomings.