News

Analysis

Regulations steering Bermuda captives ahead of the competition

Regulatory changes scheduled to be tabled before the Bermuda House of Assembly place Bermuda on a steady yet progressive footing to steer the captive market forward for years to come, says Matthew Carr, senior associate, corporate, of Appleby's Bermuda office.   14 January 2019

Analysis

Automotive, manufacturing and retail captives dominate new Bermuda formations

The automotive, manufacturing and retail industry was responsible for the majority of new formations on Bermuda in 2017, according to the BMA Captive Report 2018.   3 January 2019

Analysis

Bermuda captives double cyber premiums in 2017

Bermuda captives writing cyber risk experienced the greatest year-on-year percentage increase out of any line of business in the market in 2017, according to the BMA Captive Report 2018.   3 January 2019

Actuarial & underwriting

Captive insurance outlook: 2018 and 2019

From high profile court cases to new regulations and M&A, 2018 has been an eventful year for the captive insurance industry—and 2019 could bring further changes. Nate Reznicek, director of operations at CIC Services, shares his views.   13 December 2018

Analysis

Aon promotes Bermuda MD Seth to global captives and ILS role

Aon has appointed Anup Seth as global leader, underwriting solutions, of its Captive and Insurance Management team, based in Bermuda.   11 December 2018

Analysis

Bristol-Myers Squibb to transfer $3.8bn in pension liabilities to Athene

Bermuda-based pension risk transfer provider Athene has agreed a pension plan termination transaction with US pharmaceutical company Bristol-Myers Squibb.   5 December 2018

Analysis

Bermuda captives market might be open to cannabis

The Bermuda captives market is open to innovative new areas of captive insurance, including potentially cannabis-related companies, a panel at a conference in London has heard.   27 November 2018

Analysis

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.   20 November 2018

Analysis

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.   19 November 2018

Analysis

BDA reveals new CEO following search for Webber replacement

The Bermuda Business Development Agency (BDA) has appointed Roland (Andy) Burrows as CEO and non-executive member of the BDA board, effective December 1.   14 November 2018

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