News
Analysis
Following a rating downgrade from AM Best, Jamaica International Insurance has opted to no longer participate in the firm’s interactive rating process. 28 March 2013
Actuarial & underwriting
Bermuda is the world’s largest domicile by number of active captives, reporting a total of 856 at the end of 2012. 28 March 2013
Cayman analysis
On 25 March 2013 the Insurance (Amendment) Law (the “Amendment Law”) was enacted to allow Cayman Islands segregated portfolio insurers (“SPC insurers”) to incorporate their cells for the first time. 28 March 2013
Cayman analysis
Cayman-based Palms Insurance Company has been assigned a financial strength rating of A (Excellent) by rating agency, AM Best. 27 March 2013
EMEA analysis
Allianz Global and Corporate Specialty has recruited five new heads of business as it ramps up its African operations. 26 March 2013
Actuarial & underwriting
According to a market study conducted by the Captive Insurance Companies Association, the greatest challenge in owning a captive, as reported by the survey participants, is retention/growth/expanded utilisation. 25 March 2013
Executive Appointments
In a move that could signal the first stages of establishing itself as a captive insurance domicile, Maryland legislators have introduced a bill ordering a study of the captive insurance industry. 21 March 2013
Analysis
EIOPA has signed an operational Memorandum of Understanding with the World Bank agreeing to collaborate on the development of the global insurance sector. 21 March 2013
Executive Appointments
The CICA announced two new officers during their annual conference in Rancho Mirage, California last week. 20 March 2013
Analysis
The organisers of FinanceMalta announced today that their 6th annual conference, Competing in Global Markets: The New Normal, will feature keynote speeches from David Powell of Bloomberg and Professor Drew Markson of the Thomas Jefferson School of Law, San Diego. 19 March 2013
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