News

Analysis

Compre transfers London business to new Malta PCC

Re/insurance legacy specialist Compre has received approval from the Maltese Financial Services Authority (MFSA) to establish a protected cell company (PCC) in Malta.   4 July 2017

Analysis

R&Q relieves AstraZeneca of runoff captive

Randall & Quilter (R&Q) has completed its acquisition of AstraZeneca Insurance Company (AZICO), a captive insurance company in runoff and subsidiary of AstraZeneca UK.   4 July 2017

Analysis

Changes in healthcare bring captive solutions to the forefront

Ed Marley, CFO of Mutual Insurance Company of Arizona and treasurer of MICA Specialty, and Julie Ritzman, vice president of risk management at Mutual Insurance Company of Arizona, explain how the shifting healthcare landscape has led to physician-owned practices reevaluating the delivery and structure of medical professional liability insurance.   3 July 2017

Analysis

Multinational law firm hires former NAIC president

Law firm Dentons has named John Huff, a former president of the National Association of Insurance Commissioners (NAIC), as a partner within its insurance regulatory practice.   3 July 2017

Analysis

AM Best rates BP's captive insurer and reinsurer

Ratings agency AM Best has affirmed the financial rating of A- to the Vermont-based Saturn Insurance, a captive of global oil and gas company BP.   3 July 2017

Analysis

RRGs continue to demonstrate financial stability in Q1 2017

Risk retention groups (RRGs) continue to exhibit a 'great deal' of financial stability while providing specialised coverage to their insureds, according to a Demotech report of RRGs in the first quarter of 2017.   3 July 2017

Analysis

DARAG names former Sompo Canopius CEO as chairman

DARAG, a European run-off insurance company, has appointed Stuart Davies as chairman of the group.   30 June 2017

Analysis

China's largest shipping company enters insurance agreement with subsidiary

Cosco Shipping Energy Transportation, a shipping company largely focused on the shipping of oil products and liquefied natural gas, has entered into an insurance services framework agreement with Cosco Shipping Insurance.   29 June 2017

Analysis

AF Group hires Patriot Captive Management president to head new division

Holding company AF Group has appointed Eric Halter as director of AF Specialty, a new division which provides fronting capacity and captive solutions.   28 June 2017

Actuarial & underwriting

Captives expansion drives demand for experienced directors

Andrew Barile, CEO of Andrew Barile Consulting, explains how the value of taking on an insurance industry expert at a board level is often overlooked among captive owners.   26 June 2017

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