Moody’s announced on Friday that it had downgraded the sovereign debt of The Bahamas one notch to Baa1. The outlook remains negative, but the new rating is still within investment grade.
Gordon Rowell, head of insurance supervision at the Insurance Managers Association Cayman (IMAC), confirmed at this years’ general meeting that the captive insurance industry is thriving.
In an exclusive interview with Captive International, Urs Neukomm, director in the strategic solutions team at Swiss Re Corporate Solutions has called for more consolidated communication in the captive sector.
The Royal Cayman Island Police Service (RCIPS) has confirmed that Cayman Island Premier McKeeva Bush was arrested and then released on bail on Tuesday night.
The National Association of Insurance Commissioners (NAIC) elected their 2013 officers this week.
Allianz Global Corporate and Specialty (AGCS) has appointed Simon Buxton as their new global head of reinsurance.
Global independent insurance manager Kane’s new world headquarters in Guernsey have officially opened.
SAP has announced a new programme that will ease the scramble to redesign infrastructure and retrain staff to cope with regulatory demands.
Superstorm Sandy caused significant insured losses on the East Coast of the US. Considerable property damage was suffered, while for many there was significant – and for some, ongoing – interruption to their business operations.
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.