Rating agency AM Best has assigned strong ratings to Allianz Risk Transfer (Bermuda), reflecting the company’s expectation of good operating performance.
Legislation which would omit captives from the Nonadmitted and Reinsurance Reform Act (NRRA) has been reintroduced to the US Senate.
Only a small number of organisations have used their captives to access the federal terrorism insurance backstop in the Terrorism Risk Insurance Program Reauthorization Act (TRIPRA) of 2015.
Cayman Captive Forum has unveiled Jason Dorsey as the keynote speaker for its 2015 forum.
The Bermuda Business Development Agency (BDA) has targeted the US in its latest captive webinar.
North Carolina has recently signed into law a number of changes to the NC Captive Insurance Act.
Revenues jumped at Randall & Quilter (R&Q), the insurance services and investment company, in 2014, although it also made heavy losses driven by reserve deterioration.
A recent decision by the Montana Federal Court is now the leading global judicial authority on the subject of protected cell companies (PCC).
Bermuda’s captive industry is experiencing increasing interest from the expanding markets of Latin America and Canada.
Bermuda and Guernsey have expressed shock at their placement on the European Commission’s tax blacklist.