News

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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.   9 October 2020

Cayman analysis

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.   7 October 2020

EMEA analysis

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).   6 October 2020

USA analysis

Captive International announces the winners of its inaugural US Captive Awards

Captive International is proud to name the winners of its inaugural US Captive Awards, recognising the best in class providers across the full spectrum of disciplines active in the captive insurance industry.   5 October 2020

Actuarial & underwriting

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.   5 October 2020

Accounting & tax analysis

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.   2 October 2020

EMEA analysis

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.   1 October 2020

Executive Appointments

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.   30 September 2020

Executive Appointments

Kent Sullivan steps down as Texas Insurance Commissioner to return to private sector

Kent Sullivan has resigned as Texas Insurance Commissioner to return to the private sector.   30 September 2020

Executive Appointments

ICCIE cuts costs and increases benefits for ACI designations

The International Center for Captive Insurance Education (ICCIE) has made some changes to the ICCIE CE Subscription programme and the ACI Alumni Network (AAN) to make the maintenance of the Associate in Captive Insurance (ACI) designation more convenient and affordable.   29 September 2020

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