Fleming Re to acquire Sinclair in legacy deal
Fleming Re Holdings will acquire Sinclair Insurance Company, a Bermuda-based captive that was incorporated in 1985 and has provided workers’ compensation, general and products liability and commercial auto lines of business.
BMA registers two new captives in September
The Bermuda Monetary Authority registered two new single parent captives in September.
John Ludlow to step down as Airmic boss in Q1 2021
John Ludlow will step down as chief executive of Airmic, the association that represents UK risk and insurance professionals.
AXA XL names captives directors for the UK, Europe and Asia
AXA XL has appointed Owen Williams as global programmes and captives director for the UK and Lloyd’s market.
EU removes Cayman from its blacklist
The Cayman Islands has been removed from the European Union’s blacklist and is now deemed a cooperative jurisdiction.
ARX becomes second Ukranian MAXIS GBN member
ARX Insurance of Ukraine has become the latest insurer to join the MAXIS Global Benefits Network (MAXIS GBN).
AM Best assigns rating to Pemex captive
AM Best has assigned a financial strength rating of B++ (Good) to Kot Insurance Company, the captive reinsurer for Petroleos Mexicanos (PEMEX), the Mexican state-owned oil and gas company.
Settle now or face even bigger fines, IRS tells micro-captive owners
The Internal Revenue Service is turning up the pressure on micro-captive insurance schemes that it deems abusive, warning those that do not settle now are likely to incur additional penalties later.
Guernsey reports massive interest in captives, but COVID uncertainty keeping a lid on new launches
Guernsey is seeing “massive” interest in captives but this is not yet translating into new launches, according to Peter Child, head of European operations at Artex and managing director of the Guernsey operation.
CICA reveals topics for its 2020-2021 student essay contest
The Captive Insurance Companies Association (CICA) has revealed the case study topics for its 2020-2021 essay contest.
