News
Analysis
Various captive insurance domiciles currently on the EU’s ‘grey list’ have been asked to address concerns relating to economic substance lest they get put on the blacklist. But what exactly does that mean? Captive International has the details. 12 November 2018
Analysis
The Cayman Islands Monetary Authority (CIMA) has issued licenses for four new captive insurance companies and one portfolio insurance company in the third quarter of 2018. 5 November 2018
Analysis
Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) of Vermont-based Spirit Insurance Company and Cayman-based Radius Insurance Company, the captive insurers of energy company Phillips 66. 5 November 2018
Cayman analysis
Greenlight Re Innovations, part of Cayman Islands-based specialist P&C reinsurer Greenlight Re, has invested in Sana Benefits an Austin-based third party administrator with a focus on the self-insured US health market. 8 October 2018
Analysis
Crowe Horwath has appointed Lawrence Kemp as audit assistant manager for its Cayman practice, with a focus on auditing captive insurance companies. 1 October 2018
Analysis
Ratings agency AM Best has upgrades the financial strength rating to A (Excellent) from A- of Raffles Insurance, a group captive based in the Cayman Islands. 28 September 2018
Analysis
The Insurance Managers Association of Cayman (IMAC), a nonprofit organisation that represents Cayman's captive and alternative risk management insurance industry, has launched a new brand identity for promoting the industry internationally. 20 September 2018
Analysis
The Cayman Islands Monetary Authority (CIMA) has signed a memorandum of understanding (MOU) with The National Association of Insurance Commissioners (NAIC). 15 August 2018
Analysis
Global Captive Management (GCM), a captive manager licensed in the Cayman Islands, South Carolina and New Jersey, has promoted three of its employees to its senior management team. 20 July 2018
Analysis
Specialised large account insurance broker Beecher Carlson has expanded its captive practice in the Cayman Islands with the appointment of Clayton Price. 18 July 2018
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