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Asset management analysis
The Chief Minister of Guernsey has praised the good understanding the European Commission has around the financial contribution Guernsey makes to the European economy, which could be worth as much as €200 billion in inward investment. 11 May 2015
Accounting & tax analysis
Rating agency AM Best has assigned a financial strength rating of A+ to Intercona Re, the captive of Nestlé, the global food and beverage company. The outlook assigned to both ratings is stable. 11 May 2015
Bermuda analysis
A delegation organised by the Bermuda Development Agency (BDA) to Canada to spell out the benefits of establishing captive insurance companies and e-commerce entities in Bermuda has already picked up several promising leads as a result of the mission. 8 May 2015
Law & regulation
The Governor of Vermont, Peter Shumlin, will sign in new captive legislation today (May 7, 2015). 7 May 2015
Law & regulation
The Delaware Captive Insurance Association (DCIA) has backed legislation aimed at increasing the premium cap on 831(b) captives. 5 May 2015
EMEA analysis
Rating agency Standard & Poor’s has reaffirmed its AA+ rating of Guernsey, on the basis of “a wealthy and open economy, accountable institutions, and strong track record of effective and responsive policymaking”. 5 May 2015
Actuarial & underwriting
Randall & Quilter (R&Q) has appointed Nick Frost as president of its captive management division. 1 May 2015
Actuarial & underwriting
Independent insurance manager Robus has appointed Ruth Mathews as a director in Gibraltar. 30 April 2015
USA analysis
Mitsubishi Motors North America has replaced its captive financing company, Mitsubishi Motors Credit of America, with Ally Financial. 30 April 2015
Accounting & tax analysis
Offshore captive domicile Bermuda has had its credit rating downgraded by rating agency Standard & Poor’s (S&P). 29 April 2015
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