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Coca-Cola receives approval to expand captive

North America03-04-2013

Red Re, Coca-Cola’s South Carolina-domiciled captive insurer, has received approval from the US Department of Labor to expand its use to include benefits coverage.

Cayman-based captive gets A+ rating

Bermuda, Cayman and Caribbean02-04-2013

AM Best has assigned a financial strength rating of A+ (Superior) and issuer credit rating of “aa-“ to Risk Reinsurance Limited (RRL), a captive insurance company of state-owned enterprise Transpower New Zealand Limited.

Jamaica International Insurance exits rating environment


Following a rating downgrade from AM Best, Jamaica International Insurance has opted to no longer participate in the firm’s interactive rating process.

Bermuda world’s largest captive domicile by numbers

Bermuda, Bermuda, Cayman and Caribbean28-03-2013

Bermuda is the world’s largest domicile by number of active captives, reporting a total of 856 at the end of 2012.

Cayman passes incorporated cell companies legislation

Bermuda, Cayman and Caribbean, Cayman Islands28-03-2013

This week the Cayman Islands Legislative Assembly passed an amendment to allow the registration of portfolio insurance companies (PICs) within segregated portfolio company insurers (SPCs).

AM Best assigns excellent rating to Palms Insurance

Bermuda, Cayman and Caribbean27-03-2013

Cayman-based Palms Insurance Company has been assigned a financial strength rating of A (Excellent) by rating agency, AM Best.

AGCS ramps up African capabilities


Allianz Global and Corporate Specialty has recruited five new heads of business as it ramps up its African operations.

CICA study pinpoints challenges of captive ownership


According to a market study conducted by the Captive Insurance Companies Association, the greatest challenge in owning a captive, as reported by the survey participants, is retention/growth/expanded utilisation.

Maryland considers captive study

North America21-03-2013

In a move that could signal the first stages of establishing itself as a captive insurance domicile, Maryland legislators have introduced a bill ordering a study of the captive insurance industry.

EIOPA and World Bank promote global industry

Asia-Pacific, Bermuda, Cayman and Caribbean, Europe, Latin America, MENA, North America21-03-2013

EIOPA has signed an operational Memorandum of Understanding with the World Bank agreeing to collaborate on the development of the global insurance sector.

Showing 2851 to 2860 of 2944 results

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