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USA analysis
Bill Hodson, an experienced captives executive who has worked at firms including Willis Re, Axiom Re and Goss Re, has formed a new venture focused on the placement and on-going management of reinsurance programs for small to middle-market specialty lines insurers, captives, Risk Retention Groups, and any writer of specialized risks. 22 December 2017
Bermuda analysis
Conyers Dill & Pearman has appointed a new head of its British Virgin Islands (BVI) office. Partner Mark Forte succeeds Robert Briant, who has led the BVI office since April 1999. 21 December 2017
USA analysis
The Vermont Captive Insurance Association has added three captive professionals to its board of directors. 20 December 2017
USA analysis
North Carolina has 585 licensed or approved captives of cells/series but also numerous license application and cell business plans pending for year-end approval that will boost these numbers next year. 20 December 2017
USA analysis
SOBC Sandell, a specialist in the acquisitions, run-off and management, has secured regulatory approval to acquire ASAC PCC and American Staffing Assurance Company of Washington DC. 19 December 2017
USA analysis
The Captive Insurance Companies Association (CICA) has unveiled the keynote speaker at its 2018 International Conference, which will be held between March 11 and 13 at the Westin Kierland Resort & Spa, Scottsdale, Arizona. 19 December 2017
Accounting & tax analysis
The Minister of Finance for the Bahamas signed a Multilateral Convention on Mutual Administrative Assistance in Tax Matters. With this signing, The Bahamas becomes the 116th jurisdiction to join the world’s leading instrument for boosting transparency and combating cross-border tax evasion. 18 December 2017
USA analysis
AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” to Ameriprise Captive Insurance Company (ACIC). The outlook assigned to these Credit Ratings (ratings) is stable. 15 December 2017
Cayman analysis
Cayman’s captive insurance industry has generated a total of $100 million for the island’s economy in 2016, with results from an economic impact survey having been recently released by the Insurance Managers Association of Cayman (IMAC). 14 December 2017
Bermuda analysis
The Bermuda Business Development Agency (BDA), which takes a lead role on Bermuda in the promotion of captives, has made some high profile changes to its board including the appointment of a well-known figure in the island’s captives community. 14 December 2017
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