BP’s Jupiter performed strongly in 2012
BP’s Guernsey-based captive, Jupiter has had its financial strength rating affirmed as A (Excellent) and its issuer credit rating at “a” by AM Best as a result of almost $2 billion in technical profit achieved in 2012.
Bermuda Premier says regulations must keep pace
The Hon. Craig Cannonier, the Premier of Bermuda, has said the island’s regulatory regime is committed to remaining flexible and competitive to make certain it remains the jurisdiction of choice for both the captive industry and the international re/insurance industry.
Bermuda welcomes two new captives in April
Bermuda welcomed a class 2 multi-owner captive and a long-term class B captive in April despite headwinds associated with the soft commercial market and pressure on offshore domiciles from the global taxman.
Singapore to strengthen tax framework
The Monetary Authority of Singapore (MAS) has announced its intention to “significantly” strengthen its framework for tax cooperation and ending cross-border tax offences.
Marsh makes MENA appointment
Marsh has appointed Neil Irwin to the lead the firm’s business development across the Middle East and North Africa (MENA) region. Irwin will be based in Dubai.
Appleby: tax agreements key to opening Latin America
Tim Faries, a partner at Appleby Bermuda, told Captive International that bilateral tax agreements could be the key to attracting Latin American captive owners to the Island.
North Carolina captive association forms
As two captive insurance bills wind their way through the North Carolina state legislature, an association has formed to help them find their way.
Guernsey signs DTA with Luxembourg
Guernsey has strengthened its international tax credentials with the signing of a double taxation agreement (DTA) with Luxembourg, the eighth full DTA signed by the Island.
Murphy to lead Towers Watson EMEA insurance consultancy
Towers Watson has named Michael Murphy managing director of its Risk Consulting and Software business in Europe, the Middle East and Africa (EMEA).
NAIC leads international insurance dialogue
The NAIC will host the 6th annual International Insurance Forum in Washington, D.C. The two day forum will open on May 9th.
