News
Actuarial & underwriting
The Bermuda Monetary Authority registered two new single parent captives in September. 12 October 2020
Executive Appointments
John Ludlow will step down as chief executive of Airmic, the association that represents UK risk and insurance professionals. 12 October 2020
IT & claims management analysis
Ride-hailing apps changed the taxi industry; streaming services changed the music industry; food-delivery apps changed how we eat. These shifts have had a profound impact on the ways businesses use insurance, which has created opportunities for captives, says Marsh’s Alexandra Gedge. 12 October 2020
article
AXA XL has appointed Owen Williams as global programmes and captives director for the UK and Lloyd’s market. 9 October 2020
Cayman analysis
The Cayman Islands has been removed from the European Union’s blacklist and is now deemed a cooperative jurisdiction. 7 October 2020
EMEA analysis
ARX Insurance of Ukraine has become the latest insurer to join the MAXIS Global Benefits Network (MAXIS GBN). 6 October 2020
USA analysis
Captive International is proud to name the winners of its inaugural US Captive Awards, recognising the best in class providers across the full spectrum of disciplines active in the captive insurance industry. 5 October 2020
Actuarial & underwriting
AM Best has assigned a financial strength rating of B++ (Good) to Kot Insurance Company, the captive reinsurer for Petroleos Mexicanos (PEMEX), the Mexican state-owned oil and gas company. 5 October 2020
Accounting & tax analysis
The Internal Revenue Service is turning up the pressure on micro-captive insurance schemes that it deems abusive, warning those that do not settle now are likely to incur additional penalties later. 2 October 2020
EMEA analysis
Guernsey is seeing “massive” interest in captives but this is not yet translating into new launches, according to Peter Child, head of European operations at Artex and managing director of the Guernsey operation. 1 October 2020
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