Marsh enters Abu Dhabi captive market
Insurance broker Marsh has been granted the first license to provide captive management services in Abu Dhabi.
CNOOC captive gets Excellent rating
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).
Crumbling foundations captive postponed
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.
Barbados captives to pay license fee and zero tax under new law
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.
Robus opens Malta office to access single market post-Brexit
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 acquires SOBC Services; takes on four captive entities
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.
Bermuda, Cayman and Barbados captives outperform US in 2017
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 head forms captive manager to meet growing Asia demand
Former Zurich Asia captives head Sean Welsch has formed a new captive management company in Singapore.
Marsh captive governance head joins SRS Europe
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.
VCIA seeks to build ties with China captive sector
The Vermont Captive Insurance Association (VCIA) is looking to build its relationship with the Chinese insurance market and aid China’s nascent captive sector.
