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EMEA analysis
Hyundai Capital Services, the auto financing arm of Hyundai Motor Group, has received the European Central Bank’s (ECB) approval in September to establish Hyundai Capital Bank Europe (HCBE) that will then provide direct auto financing services such as insurance brokerage, installment financing and lease to consumers. 17 October 2016
IT & claims management analysis
AM Best has affirmed the Financial Strength Rating of A- (Excellent) of Casiopea Re, a captive reinsurer based in Luxembourg. The outlook of the ratings remains stable. 17 October 2016
Accounting & tax analysis
Shumaker, Loop & Kendrick, a law firm, has appointed David Slenn as its estate planning, business planning and tax attorney. 14 October 2016
IT & claims management analysis
Precise Leads, a New York-based customer prospecting firm, has added Stuart Ganis, an insurance industry veteran, to its board of advisors to help serve its network of captive insurance agents. 12 October 2016
Law & regulation
US regulatory efforts to revise the statutory framework for variable annuities (VAs) to reduce non-economic volatility, shrink and/or eliminate the use of captives, promote sound risk management, and improve disclosure would be a positive development, according to a new report from Fitch Ratings. 10 October 2016
Law & regulation
Dentons, the global law firm, has appointed John J. Sarchio as a partner in the insurance regulatory practice. 10 October 2016
Law & regulation
Iroquois Captive Services has rebranded itself as ‘ICG Captive Services’. 10 October 2016
EMEA analysis
Guernsey Finance will host its first insurance masterclass in Hong Kong on November 4, 2016. 7 October 2016
Law & regulation
Advantage Insurance (Advantage), which provides customised insurance solutions for businesses and individuals, has announced the launch of its newest operating captive insurance subsidiary, Advantage Business Insurance Company II (ABIC), now located in Puerto Rico. 4 October 2016
EMEA analysis
The captive insurance industry needs to collectively up its game when it comes to protecting the client’s brand, Peter Mullen, CEO of Aon Captive and Insurance Management, told Captive International. 3 October 2016
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