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The Captive Insurance Companies Association (CICA) will be hosting a conference which provides various strategies on minimising business disruption with the use of captive insurance companies. 1 February 2017
Analysis
Charles Taylor, a professional services provider to the insurance market, has opened an office in Panama to market captive insurance services to businesses across Latin America. 31 January 2017
Analysis
Captives can be a more effective approach for cutting costs and financing cyber risk, as long as the captive owners themselves understand their own risk profile, according to Peter Mullen, CEO of Aon Captive and Insurance Management. 30 January 2017
Analysis
The European Union and associates countries’ total number of captives stood at 582 in January 2017, with more than a third domiciled in Luxembourg and over 100 in Ireland. 30 January 2017
Analysis
Cover & Rossiter, a Delaware-based accounting and advisory firm, has appointed Eric Williams as its latest director. 27 January 2017
Analysis
The State of Vermont licensed 26 new captive insurance companies in 2016, eight of which were captives formed by healthcare companies, which now represents Vermont’s largest industry sector with 101 captives. 25 January 2017
Analysis
Premiums paid to Captive Alternative’s (CapAlt) captives under management rose by 40 percent in the fourth quarter of 2016. 25 January 2017
Analysis
Aon Global Risk Consulting, the risk consulting business of Aon, has introduced a cyber captive programme, which aims to assist companies in making more informed decisions around risk retention in a captive, as well as providing broad form risk transfer capacity of potentially up to $400 million. 25 January 2017
Analysis
The State of South Carolina welcomed 17 new captives in 2016, a result which the Director of Captives for South Carolina, Jay Branum, was “extremely pleased” with, despite a lower number of captives licensed compared to 2015 and 2014 figures. 24 January 2017
Analysis
BEPS is in many ways the same challenge for captives as Solvency II was for many insurers, says Mike Stalley, chief executive of FiscalReps and principal at complianceDNA. 24 January 2017
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