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Accounting & tax analysis
Rating agency AM Best has assigned a financial strength rating of A+ to Intercona Re, the captive of Nestlé, the global food and beverage company. The outlook assigned to both ratings is stable.   11 May 2015
Bermuda analysis
A delegation organised by the Bermuda Development Agency (BDA) to Canada to spell out the benefits of establishing captive insurance companies and e-commerce entities in Bermuda has already picked up several promising leads as a result of the mission.   8 May 2015
Law & regulation
The Governor of Vermont, Peter Shumlin, will sign in new captive legislation today (May 7, 2015).   7 May 2015
Law & regulation
The Delaware Captive Insurance Association (DCIA) has backed legislation aimed at increasing the premium cap on 831(b) captives.   5 May 2015
EMEA analysis
Rating agency Standard & Poor’s has reaffirmed its AA+ rating of Guernsey, on the basis of “a wealthy and open economy, accountable institutions, and strong track record of effective and responsive policymaking”.   5 May 2015
Actuarial & underwriting
Randall & Quilter (R&Q) has appointed Nick Frost as president of its captive management division.   1 May 2015
Actuarial & underwriting
Independent insurance manager Robus has appointed Ruth Mathews as a director in Gibraltar.   30 April 2015
USA analysis
Mitsubishi Motors North America has replaced its captive financing company, Mitsubishi Motors Credit of America, with Ally Financial.   30 April 2015
Accounting & tax analysis
Offshore captive domicile Bermuda has had its credit rating downgraded by rating agency Standard & Poor’s (S&P).   29 April 2015
Accounting & tax analysis
Bermuda will highlight the benefits of establishing captives on the Island, when a team of 15 delegates head to Canada for a roadshow.   28 April 2015

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