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Regulatory scrutiny encourages MetLife to close captive

Bermuda, Bermuda, Cayman and Caribbean, North America23-05-2013

The US’s largest insurer, MetLife has moved to close its Cayman-based captive following accusations from the New York Department of Financial Services that the entity was obscuring risks held by the insurer.

Brown & Brown moves to acquire Beecher Carlson

North America23-05-2013

Atlanta headquartered Brown & Brown has moved to acquire insurance and risk management broker, Beecher Carlson in a cash move.

Political consensus bodes well for North Carolina captive law


Thanks to broad bipartisan political support in the state for the enactment of captive legislation, North Carolina looks set be the latest US domicile to enter the captive field.

Missouri passes segregated cell legislation


Governor Jay Nixon of Missouri signed legislation authorizing the formation and operation of sponsored captive insurance companies—or segregated cells—last week.

BP’s Jupiter performed strongly in 2012

Europe, Guernsey21-05-2013

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

Bermuda, Bermuda, Cayman and Caribbean21-05-2013

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, Bermuda, Cayman and Caribbean17-05-2013

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

Latin America14-05-2013

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.

Showing 3651 to 3660 of 3791 results

Captive International