News
Accounting & tax analysis
The Supreme Court of New Jersey has upheld a decision to refund $56 million in insurance premium tax (IPT) to Johnson & Johnson (J&J), related to coverage written by its captive, Middlesex Assurance. 8 December 2020
Actuarial & underwriting
AM Best has assigned a financial strength rating of A (excellent) with a stable outlook to MMIC Risk Retention Group (MMIC RRG). 8 December 2020
Cayman analysis
Captive International has named the winners of the Captive International Cayman Awards, which recognise the best-in-class providers across the full spectrum of disciplines active in the captive insurance field. They are based on feedback received from the captives industry, and in particular from readers of Captive International. 8 December 2020
Actuarial & underwriting
An increasing number of tech companies are replacing or supplementing commercial insurance with captive insurance, according to Randy Sadler, principal at CIC Services. 7 December 2020
Analysis
Martin Cooke of Hyperion Insurance Management and chair of CII’s marketing committee reflects on another challenging year and how Cayman’s insurance industry has responded strongly. 5 December 2020
Executive Appointments
Captive International has published its US Awards issue, giving the results of its US awards and providing insights and commentary from some of the winners and runners up. 4 December 2020
Law & regulation
The Guernsey Financial Services Commission (GFSC) has introduced a pilot scheme for pre-authorisation for insurance cells. 4 December 2020
EMEA analysis
Geo has acquired the insurance management, fiduciary and financial advisory group Robus. 4 December 2020
Actuarial & underwriting
Captive insurance companies have long provided their parents with a means to effectively underwrite a host of property and casualty risks, and have demonstrated their value in protecting financial and human capital during times of uncertainty, says Lorraine Stack of Marsh Captive Solutions. 4 December 2020
Executive Appointments
The Captive Insurance Companies Association (CICA) is going ahead with preparations for its annual conference, the CICA 2021 International Conference, at the Westin Kierland in Scottsdale, Arizona. 3 December 2020
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