News

Analysis

MAC: the lessons learned

Moody’s ratings agency has faced allegations from a former employee around the accounting practices of its captive, Moody’s Assurance Company. Matthew Queen of Venture Captive Management looks at the wider implications.   5 November 2018

Analysis

Cayman issues four captive licenses in Q3

The Cayman Islands Monetary Authority (CIMA) has issued licenses for four new captive insurance companies and one portfolio insurance company in the third quarter of 2018.   5 November 2018

Analysis

Davies Group acquires AML services provider Veriphy

Insurance service provider Davies Group has acquired Veriphy, a specialist KYC (know your customer) and AML (anti money laundering) compliance solutions SaaS (software as a service) business.   5 November 2018

Analysis

Lloyd’s Brussels to write fac, non-proportional XoL reinsurance

Specialist re/insurance market Lloyd’s aims to write facultative reinsurance and non-proportional excess of loss (XoL) treaty reinsurance on Lloyd’s Brussels paper from 1st January 2019 across all markets in the EEA.   5 November 2018

Analysis

AM Best gives Excellent ratings to Phillips 66 captives

Ratings agency AM Best has affirmed the financial strength rating of A (Excellent) of Vermont-based Spirit Insurance Company and Cayman-based Radius Insurance Company, the captive insurers of energy company Phillips 66.   5 November 2018

Analysis

Hawaii captive manager FiRMS appoints COO

First Insurance Company of Hawaii (FICOH) has appointed Kei Kobayashi to the role of vice president, along with the position of chief operating officer of First Risk Management Services (FiRMS), a FICOH subsidiary offering non-standard risk solutions and captive management services.   5 November 2018

Analysis

Reinsurance vet launches cat broker with unique ownership model

Risk transfer veteran Ted Blanch has introduced a new Florida-focused broker with a unique ownership model that he claims will lower costs and disrupt catastrophe reinsurance.   28 October 2018

Analysis

AIG receives approval for two post-Brexit entities

The High Court of England & Wales has granted the final approval to American International Group to split its European business among two new entities ahead of Brexit.   28 October 2018

Analysis

Jersey seeks to avoid EU blacklist through economic substance bill

Jersey’s government has introduced a bill requiring businesses that operate on the island to be able to demonstrate adequate economic substance, as it aims to avoid the EU’s blacklist of uncooperative tax jurisdictions.   27 October 2018

Analysis

Hub International introduces hospitality group captive

Insurance brokerage Hub International has set up a member-owned group captive insurance solution designed for hospitality clients.   23 October 2018

Not finding what you're looking for, please try resetting your applied search and filters,
or try the full site search.