Insurance broker Marsh has been granted the first license to provide captive management services in Abu Dhabi.
Ratings agency AM Best has affirmed the financial strength rating of A- (Excellent) of ICM Assurance (ICMA), the Barbados-based single parent captive of China National Offshore Oil Corporation (CNOOC).
The launch of the non-profit captive that will distribute remediation funds to assist homeowners with crumbling concrete foundations, Connecticut Foundation Solutions Indemnity Company (CFSIC), has been delayed.
The Government of Barbados has made changes to its insurance law which will result in captives being zero taxed and paying a license fee instead.
Independent insurance manager and financial advisor Robus Group has opened an office in Malta to give clients the ongoing ability to access the single market after Brexit.
DARAG Guernsey, via its wholly owned subsidiary SOBC DARAG, has acquired the entire share capital of SOBC Services, which is focussed on the sourcing, acquisition and management of insurance entities and portfolios in run off in the US, Bermuda and Caribbean.
Captive insurers in Bermuda, the Cayman Islands and Barbados (BCIB) have persistently strong operating results that continued to outperform the US commercial market sector, according to AM Best.
Former Zurich Asia captives head Sean Welsch has formed a new captive management company in Singapore.
SRS Europe has appointed Mary McMorrow as its head of governance, where she will help clients develop and implement governance approaches that add value within their operations.
The Vermont Captive Insurance Association (VCIA) is looking to build its relationship with the Chinese insurance market and aid China’s nascent captive sector.