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Bermuda has experienced another bumper start to the year. Shelby Weldon, director of licensing and authorisation at the Bermuda Monetary Authority, outlines why 2013 has been such a success so far. 30 May 2013
Analysis
As the regulatory environment changes, Bermuda’s captive sector will have to expand its horizons, with Latin America close and potentially ready to tango. 30 May 2013
article
Captives have the opportunity to play an invaluable role in providing tailored risk management solutions to the rising threat posed by cyber risk. Here, the potential to run cyber risk through a captive is explored. 30 May 2013
Actuarial & underwriting
A.M. Best has revised the outlook of Delaware-domiciled captive Nuclear Electric Insurance Ltd.’s issuer credit rating outlook to negative from stable whilst simultaneously affirming its “a+” rating. 29 May 2013
Analysis
Marsh has announced that it will be adding 60 jobs to its Halifax-based Captive Solutions Group in Canada. 29 May 2013
USA analysis
Chaman Aggarwal has joined Marsh as the head of its US Energy Construction Practice. 29 May 2013
EMEA analysis
The Monetary Authority of Singapore has opened a representative office office in Beijing, China, in order to strengthen bilateral collaboration between the MAS and Chinese financial regulatory authorities. 29 May 2013
Cayman analysis
The US’s largest insurer, MetLife has moved to close its Cayman-based captive following accusations from the New York Department of Financial Services that the entity was obscuring risks held by the insurer. 23 May 2013
Services
The Iowa-domiciled captive of Toyota Motor Corporation received an upgrade in its financial strength and issuer credit ratings from A.M. Best. 23 May 2013
Bermuda analysis
Following the appointment of Craig Swan as Managing Director, Supervision, the Bermuda Monetary Authority (BMA) has restructured its management team. 23 May 2013
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