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Accounting & tax analysis
The Royal Bank of Canada (RBC) has confirmed that it will exit most of its wealth management operations in the Caribbean, including its captive business. 5 December 2014
Bermuda analysis
Bermuda, a domicile of choice for captives, has been recommended by the National Association of Insurance Commissioners (NAIC) for approval as a qualified jurisdiction. 17 November 2014
Actuarial & underwriting
Bermuda-based insurance-linked securities (ILS) manager Horseshoe Group has launched operations in Gibraltar as it sees the potential of ILS growth in Europe. 15 October 2014
Actuarial & underwriting
AM Best has downgraded the outlook of Sorford Surety Insurance, the Bermuda based subsidiary of IBT Group, to negative from stable. 7 October 2014
Actuarial & underwriting
Bermuda-based insurance management firm, Horseshoe Group, is set to launch in Gibraltar later this year. 24 September 2014
Bermuda analysis
Artex Risk Solutions, Arthur J. Gallagher’s (AJG) Bermuda-based captive management and alternative risk programmes operation, has confirmed that it is involved in the US Internal Revenue Service (IRS) investigation into the captive industry. 9 September 2014
Actuarial & underwriting
Axco Insurance Information Services (Axco) has released its new Bermuda country report covering the international insurance market. 2 September 2014
Asset management analysis
Bitcoin wallet firm Xapo is insuring users’ crypto-currency through a Bermuda-domiciled captive, the company has confirmed. 1 September 2014
Actuarial & underwriting
Allianz Global Corporate & Specialty Resseguros Brazil (AGCS Re Brazil) is expanding its South American business by providing reinsurance solutions in Peru. 26 August 2014
Asset management analysis
The Bermuda Business Development Agency has formed a new business development team to work with industry focus groups to devise and implement strategies for job preservation and growth. 21 August 2014
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