News

Bermuda analysis

From strength to strength

Following a full year of incorporations in 2013, the BMA is looking forward to a busy time in 2014. Shelby Weldon talks us through recent successes.   29 May 2014

Actuarial & underwriting

Conservative innovation

While captives remain at their heart conservative risk vehicles, their deployment and application has grown increasingly innovative and sophisticated over time.   29 May 2014

Bermuda analysis

CICA explains its rejection of NAIC's multi-state reinsurer definition

CICA has reiterated its disapproval of the NAIC’s proposed definition of 'multi-state reinsurer', stating that it would impose an unreasonable and unneeded regulatory burden on the captive industry.   21 May 2014

Bermuda analysis

Business legend to deliver highly anticipated speech at BCC

Bermuda icon and internationally esteemed businessman, Brian Duperreault, will deliver a market industry speech at this year’s Bermuda Captive Conference.   21 May 2014

Actuarial & underwriting

R&Q lands contracts underwritten by SEG Insurance

R&Q has received by way of novation all contracts underwritten by one of the cells SEG Insurance, which will now be moved into the company’s Bermuda-based rent-a-captive R&Q Quest SAC Limited.   10 April 2014

Bermuda analysis

AIG launches Bermuda segregated account company

AIG launches a segregated cell captive, Grand Isle SAC, which will extend alternative risk financing facilities to small and medium-sized companies globally.   10 March 2014

Analysis

BMA registers one captive in January

The Bermuda Monetary Authority granted a Class 2 registration to Broadhead Risk Management Ltd.   19 February 2014

Analysis

BMA to introduce electronic reporting for captives

As part of the Bermuda Monetary Authority’s (BMA) 214 business plan an enhanced statutory financial return will become an annual requirement for captive insurers.   23 January 2014

Analysis

Bermuda ramping up targeting of LatAm and Canada

Bermuda’s captive sector is ‘ahead of the game’ in securing the interest of Latin American companies that are getting increasingly comfortable with the captive concept.   18 December 2013

Analysis

Evergreen’s ratings affirmed by A.M. Best

A.M. Best Asia-Pacific has affirmed the financial strength and issuer credit rating of Bermuda captive Evergreen Reinsurance Company at A (excellent) and “a”, respectively.   20 November 2013

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