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SIM Global Markets has updated its B2B self-insurance inquiry platform on its website, selfinsurancemarket.com (SIM) for companies seeking to self-insure or companies seeking new partners. 21 July 2016
Cayman analysis
The Cayman Islands Monetary Authority (CIMA) has named Ruwan Jayasekera as head of its insurance supervision division, effective July 14. 20 July 2016
article
A UK based investor in non-life legacy business has acquired a Bermuda captive in run-off as it looks to diversify its operations into Bermuda and North America. 18 July 2016
Analysis
Rating agency AM Best has affirmed the financial strength rating of A- (Excellent) of the Barbados-based reinsurer, Ocean International Reinsurance (Ocean Re). The outlook for each rating remains stable. 15 July 2016
USA analysis
Accredited Surety and Casualty (ASC), a property/casualty insurer and subsidiary of captive manager Randall & Quilter (R&Q), has entered the surety market in the US thanks to a new underwriting agreement. 15 July 2016
USA analysis
Vermont’s captive insurance industry is celebrating 35 years since its captive insurance legislation was signed into law by the late Governor Richard Snelling. 14 July 2016
Analysis
The Organisation for Economic Co-operation and Development (OECD) has disclosed a discussion draft which deals with the design and operation of the group ratio rule under Action 4 of the BEPS Action Plan, and a standardised IT-format for the exchange of tax rulings (ETR) between jurisdictions – the ETR XML Schema – under BEPS Action 5. 13 July 2016
USA analysis
Vermont Governor Peter Shumlin has named Michael Pieciak as commissioner of the department of financial regulation (DFR). 12 July 2016
Bermuda analysis
Artex, a provider of captive solutions and subsidiary of Arthur J Gallagher, has positioned itself for growth in the alternative risk market by updating its logo and brand platform. 11 July 2016
Bermuda analysis
AM Best has affirmed the financial strength rating of A (Excellent) of captive insurer Nuclear Electric Insurance (NEIL). The outlook for the rating remains stable. 8 July 2016
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