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South Africa’s FSCA proposes new rules for cell captives
Law & regulation
South Africa’s Financial Sector Conduct Authority (FSCA) has published a revised draft of its conduct standard outlining the requirements relating to third party cell captive insurance business.   31 July 2020
DARAG appoints Elliott Goss as group head of claims
IT & claims management analysis
DARAG Group, the legacy acquirer, has appointed Elliott Goss as group head of claims.   30 July 2020
US captives outperform commercial market counterparts for profitability: AM Best
USA analysis
US captives rated by AM Best continued their run of strong financial results in 2019, according to AM Best’s Market Segment Report, titled Commercial Market Dislocation Could Provide New Opportunities for Captives to Fill the Void.   29 July 2020
EMEA analysis
Guy Carpenter, the reinsurance broker, has appointed Andrea Piatti as managing director in its Global Risk Solutions unit, covering Europe, the Middle East and North Africa (MENA).   29 July 2020
New Captive Models
RYSKEX has been named as the winner of the Lloyd’s Lab Fusion event, designed to test early-stage start-up ideas aimed at dealing with COVID-19 and other systemic risks.   28 July 2020
New Captive Models
The Willis pension scheme has executed a longevity swap through its Guernsey-based captive.   27 July 2020
Accounting & tax analysis
There is very little consistency between countries when it comes to insurance tax reporting, and captives managers need to stay across the nuances to avoid trouble. Daniela Dinkova of Sovos explores some of the differences.   24 July 2020
article
The business will be re-branded and trade as part of Davies Captive Management.   24 July 2020
Accounting & tax analysis
It relates to Notice 2016-66 that forces some captives owners to report tax details to the IRS.   24 July 2020
article
AGCS’ ART unit provides structured re/insurance solutions including fronting and captives solutions.   24 July 2020

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