Bermuda-based re/insurer ACE has enhanced its web-based information portal, ACE Worldview. It will now provide clients and brokers with claims information for their multinational insurance programmes with ACE.
Texas governor Rick Perry has signed Senate Bill 734—which will allow pure captives to operate in the state of Texas—into law.
Southport Re, the reinsurance subsidiary of a New York City-based private equity firm, has become the first insurer in the Cayman Islands to take advantage of the Island’s recently amended Insurance Law.
A.M. Best has revised the outlook of Delaware’s KnightBrook Insurance Company from negative to stable.
Politically motivated ‘potshots’ are unlikely to dissuade informed risk managers from considering their offshore options.
Vanliner insurance Company, notable as an insurer of the moving and storage industry, has announced the formation of its third group captive.
Chevron’s two captives Heddington, based in Bermuda and Iron Horse Insurance Company, based in Vermont, have received rating affirmations from AM Best as they continue to prove their value to the energy giant.
Southport Re, the captive reinsurance subsidiary of New York private equity firm Southport Lane, has amended its Cayman captive classification from Class B to a new Class D open market reinsurer license.
Increased political pressure could see more offshore captives head onshore in the coming months, according to Clive O’Connell, a partner at Goldberg Segalla Global.
Marsh has announced that it will be adding 60 jobs to its Halifax-based Captive Solutions Group in Canada.